February 29, 2008

USD Losses Accelerate

with the unemployment rate for February expected to edge higher to 5.0% from 4.9% and non-farm payrolls reversing the 17k jobs contraction from January, growing by 35k. Technorati Tags: Economy, Forex Market, Currencies, Forex, USA,

Original post by fvarga

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with the unemployment rate for February expected to edge higher to 5.0% from 4.9% and non-farm payrolls reversing the 17k jobs contraction from January, growing by 35k. Technorati Tags: Economy, Forex Market, Currencies, Forex, USA,

Original post by fvarga

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Over the last three decades the interactions of the Forex market have been expanding and developing to become the robust, global market it is today. The foreign exchange market, as it now stands originated in 1973.

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according to Dow Jones’ Interbank foreign exchange rates. The two “carry-trade currencies” tend to trade inversely to the market. The Dow Jones industrial average dropped more than 300 points in late trading in New York.

Original post by gdz

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It is the market where currency is bought and sold for profit. Most people are used to hearing the term stock market. Pay close attention to the financial news, and you will hear the term foreign exchange market as well.

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Trading in the foreign exchange market nowadays demands a good grasp of technical analysis and an ability to track currencies by learning the skill of reading live or real time forex charts. For the novice trader this also means

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“Hedge funds are taking advantage of the very weak dollar, but the fundamentals are very poor”

Oil hit a new high above $103 on Friday after Ecuador shut a key export pipeline and a fire hit a major European natural gas plant, while the U.S. dollar’s decline to a succession of lows kept fresh funds … via Reuters

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The euro edged up versus the dollar today after a forecast-beating German Ifo business sentiment survey dampened the case for near-term interest rate cuts from the European Central Bank.

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The excitement contiues to buzz about this automated forex trading software. This extremely efficient software application can help you becom a more profitable trader in the Forex markets. Once you le…

Original post by default@goarticles.com (Jane Hamilton)

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Here is a helpful video on how to add the FXDD Forex news feed to your igoogle homepage or other RSS feed readers. read more.

Original post by Greg Michalowski

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