Archive for Forex Market News & Analysis – Page 2

US dollar strengthens against all the majors

By TraderVox.com Tradervox (Dublin) - Euro continued its slide even during the US session and printed a fresh low of 1.3250. There is a downside pressure on the single currency as the GDP data from US came as expected which reveals GDP at the expected value of 3%. Euro is trading around 1.3260, down about 0.60% [...]

Stiff-Arm the Taxman with a Backdoor Roth IRA

Highly compensated earners still can’t make annual contributions to Roth IRAs – directly. However, 2010 gave them a loophole… The origins of the Roth IRA go back to Newt Gingrich’s takeover of Congress back in 1994 and the “Contract with America,” where it was called the American Dream Savings (ADS) Account. Unfortunately the plan was [...]

Standard Chartered: The Safest Way to Invest in Asia

At last week’s Investment U Conference in San Diego, I made the case (again) for my favorite Asian growth proxy bank: Standard Chartered (OTC: SCBFF.PK). Life is full of tests. When I was first approached to write my Global Gambits column for Forbes Asia, the publisher first suggested a test. Would I put together a [...]

“Persistent Investment Needed” to Support Gold as Indian Duty Hike “Kills Imports”

London Gold Market Report from Adrian Ash BullionVault Thurs 29March, 08:10 EST The WHOLESALE-MARKET gold price fell beneath last week’s finish on Thursday in London, nearing its second consecutive monthly fall against all major currencies bar the Japanese Yen as US Treasuries rose with the Dollar. Italian and Spanish debt prices fell, pushing interest rates [...]

Precious Metals Outlook

Source: ForexYard Prices of both gold and silver steeply declined during yesterday’s trading and therefore cancelling out the gains made in the beginning of the week.The price of the yellow metal fell on Wednesday by 1.61% to $1,660 while silver also showed a decline of 2.41% to $31.83. Overall during the month of March Gold [...]

ForexCT’s Afternoon Market Report 29 March 2012

Video courtesy of ForexCT – A leading Australian forex broker, liscensed by the Australian Securities & Investments Commission, offers the MetaTrader4 and PROfit Platform to retail traders. Other services include Segregated Accounts, Trading workshops, Tutorials, and Commodities trading.

US Core Durable Goods Orders Helps Dollar Recover

Source: ForexYard The USD was able to stage a recovery during yesterday’s trading session following two economic indicators showing an increase in US production last month. Yesterday’s Core Durable Goods Orders figure, considered a leading indicator of production in the US, came in at 1.6%, well above last month’s -3.0%. Following the news, the dollar [...]

Forex CT 29-3-12 Market Update & Outlook

Video courtesy of ForexCT – A leading Australian forex broker, liscensed by the Australian Securities & Investments Commission, offers the MetaTrader4 and PROfit Platform to retail traders. Other services include Segregated Accounts, Trading workshops, Tutorials, and Commodities trading.

Euro drops below 1.3300 level US GDP eyed

By TraderVox.com Tradervox (Dublin) - Euro managed to stay above the 1.3300 levels during the Asian session only to plunge below it on the back of poor economic data from EMU and formed a low of 1.3270. The single currency is trading near the low, down about a third of a percent for the day. The [...]

National Bank of Kazakhstan Drops Rate 50bps to 6.50%

The National Bank of Kazakhstan reduced its key refinancing rate by 50 basis points to 6.50% from 6.00% as inflationary pressures eased.  NBK Chairman, Grigori Marchenko, said: ”Given the trends in financial markets and the slowdown annual inflation Board of the National Bank of Kazakhstan decided to set April 2, 2012 the official rate refinancing of the National Bank [...]

Pound Falls to Five Week Low Against the Euro

By TraderVox.com Tradervox (Dublin) - A report from the Office for National Statistics showed that the UK economy shrunk more than it had been expected in the last quarter forcing the sterling pound to decrease against the euro to five month’s low. This has been construed to mean that the government will now be considering more [...]

You, Your Family and Your Wealth

By MoneyMorning.com.au Yesterday we left you with a cliff hanger: “So, what is the path to freedom and prosperity? The After America investment symposium had the answer to that… “Your only option is for you to take care of yourself and your family. “How do you do that?” Today we’ll show you how to help [...]

Before the US Debt Ceiling Hits Again…

By MoneyMorning.com.au Less than six months ago, the American government was begging for an increase to the debt limit. At the eleventh hour, the US debt ceiling jumped from $14 trillion to $16.394 trillion. At the time, the administration promised the increase in spending would see the pollies through until 2013. However, a few people [...]

Water: A Long Term Trend to Follow

By MoneyMorning.com.au You’ve no doubt heard about the building scarcity of water. It’s the reason savvy shareholders have been busy investing in water stocks. Here’s why. Water may be everywhere but only 3% of it is fresh or suitable for drinking. Two-thirds of that is locked in glaciers and polar icecaps, which means less than [...]

Euro Back Up While Gold Sinks

Source: ForexYard Even though we saw the U.S Dollar show some gains over the Euro during Wednesday’s trading, news out of the Euro-zone has been comforting for the 17 nation currency. The Euro was 0.4% shy of a one-month high after European finance ministers are reportedly set to discuss plans of increasing the rescue fund.The [...]

GBPUSD pulled back from 1.6000

After touching 1.5991 previous high resistance, GBPUSD pulled back from 1.6000, suggesting that a cycle top is being formed on 4-hour chart. Initial support is at the lower line of the price channel, and the key support is at 1.5770, as long as this level holds, uptrend from 1.5602 could be expected to resume, and [...]

Aussie Dollar Falls Whilst Greenback Sees Gains

Source: ForexYard A drop in Chinese equities saw the Australian dollar fall to a new year low. The Aussie Dollar dropped 0.7% to $1,0375 right back to the rate it was traded at the beginning of the year.China, the worlds second largest economy receives a large amount of exported commodities from Australia, and thus its [...]

How to Use Stochastic and MACD

Source: ForexYard Two of the most common indicators used by traders when performing technical analysis is the Stochastic and the MACD. Below is the description for how these two indicators work and how to read them. Stochastic: The Stochastic has two sub-features, Slow and Fast. Slow Stochastic is generally used as it provides much more [...]