Some of the times, most of the forex traders think that they can make money money by aiming much pips without caution while taking trades. Well in any way it may sound to you,I think you should know that most of the people that take trades today because of unnecessary gain in the market. They tend to0 maximize their profit within a short period of time and as a result of this, they meet their waterloo.
The essence of this article is to sound a note of warning to some of the gamblers in the market who are always looking for gain at all time. They should know that for4ex trading is not a gold-mining business, you cannot have the mind of gambling in the market and ever think that you can get away with it.
Being a babe or a novice in the market must have given a deal of lecture to some of the traders who have behaved in such a dubious manner by being greedy in the market. For more details you can simply click
Thursday, November 12, 2009
Friday, October 16, 2009
USD Slumps on Blockbuster JPM Earnings by Korman Tam
The beleaguered dollar found no reprieve in the Wednesday session, extending its losses to fresh 14-month lows against the euro and Australian dollar to 1.4934 and 0.9156, respectively. A shift to riskier assets was triggered by a stronger than expected earnings report from JP Morgan Chase, prompting advances in the US equity bourses with the Dow Jones, Nasdaq and S&P 500 all gaining by more than 1.2% by afternoon trading. The Dow Jones edged higher toward the psychologically key 10,000-level, briefly breaching above it on an intra-day basis for the first time in a year.
The economic data released earlier in the session were largely mixed, consisting of retail sales, import prices, export prices and business inventories. The headline retail sales figure was better than estimated, albeit still declining by 1.5% for September versus a 2.7% from August. The excluding automobiles retail sales figure beat consensus estimates also, posting an increase of 0.5%, better than calls for a 0.2% increase from 1.1% a month earlier. The August business inventories figure revealed a 1.5% drop from a 1.0% decline in July.
The minutes of the FOMC’s September meeting revealed that some policymakers felt increasing the scale of Fed’s asset purchases would improve the recovery, stressing the importance of ability to increase asset purchases if the economic outlook worsened. The Fed minutes said that policymakers judged costs of growth being weaker than anticipated could be relatively high while expecting inflation to remain subdued for some time amid substantial resource slack. The Fed also raised its economic projections for the second half of 2009 and subsequent years.
The economic data released earlier in the session were largely mixed, consisting of retail sales, import prices, export prices and business inventories. The headline retail sales figure was better than estimated, albeit still declining by 1.5% for September versus a 2.7% from August. The excluding automobiles retail sales figure beat consensus estimates also, posting an increase of 0.5%, better than calls for a 0.2% increase from 1.1% a month earlier. The August business inventories figure revealed a 1.5% drop from a 1.0% decline in July.
The minutes of the FOMC’s September meeting revealed that some policymakers felt increasing the scale of Fed’s asset purchases would improve the recovery, stressing the importance of ability to increase asset purchases if the economic outlook worsened. The Fed minutes said that policymakers judged costs of growth being weaker than anticipated could be relatively high while expecting inflation to remain subdued for some time amid substantial resource slack. The Fed also raised its economic projections for the second half of 2009 and subsequent years.
Saturday, August 8, 2009
Friday, May 1, 2009
Friday, April 10, 2009
Monday, April 6, 2009
Risk Aversion benefits USD & JPY .....
The dollar and the yen advanced at the start of the week amid increased risk aversion from a bailout proposal of the US auto industry. The equity bourses tumbled, with the Dow Jones and S&P 500 both plunging by over 3%, while the Nasdaq dipped by 2.8%. Euro Recovers above 1.32The euro edged back above the 1.32-level in the early Asian session, rebounding from Monday’s lows against the dollar to above the 1.3250-level. Traders will focus on the ECB monetary policy decision later in the week. Markets are expecting the European Central Bank to cut rates aggressively, slashing the benchmark interest rate by 50-basis points to 1%. The subsequent press conference by Bank President Trichet will also be closely scrutinized for hints of whether additional policy easing can be anticipated over the coming quarters
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