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This weblog brings you strategies for online trading using forex software.
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| | Fri, 10 Feb 2012 10:38:34 -0500 | | | 17-nation currency falters on incomplete Greek debt deal Many thought that a Greek debt deal was finally being reached earlier this week. However, Eurogroup leaders are stipulating further measures to Greece, and the deal remains incomplete. Indeed, the talks are on the verge of falling completely to pieces. As a result, the euro is dropping in forex trading. Euro is pulling back by quite a bit as concerns about what's next dominate. Mixed economic data out of the US isn't helping the risk situation. For now, forex traders are interested in safe haven. Economic worries, and concerns about the future of the eurozone have them scrambling for the safety and stability of the US dollar, and that means, for now, that the euro has no place to go but down. See Also | |
| | Tue, 07 Feb 2012 09:44:51 -0500 | | | Currency trading with the Australian dollar The Aussie has found a support level in forex trading against the US dollar today. Aussie is a little bit higher today, thanks to the latest news out of Australian. The RBA has decided to keep its interest rate at 4.25% -- even though the forex market had already priced in a cut. Recent economic data is supporting the Australian dollar, and that is helping matters Down Under. However, Aussie's gains have been limited by the fact that there is a great deal of uncertainty over Greece right now. Forex traders are waiting for news that Greece is prepared to accept austerity measures in order to receive a bailout. As long as Greece accepts these measures, then it should be possible for risk appetite to return. However, there is just enough doubt that risk currencies are unable to rally. For now, most currency pairs are rangebound. See Also | |
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