EUR/USD Eurozone headlines have continued to dominate recent market attention, but we think that may soon shift to the US deficit reduction Super-Committee (SC) which appears headed for a stalemate. The latest comments from SC panelists suggest the two sides remain far apart on a package of spending cuts and revenue increases, but the SC [...]
Archive for the ‘Euro’ Category
Forex News
EUR/USD With no economic data released out of North America yesterday, sentiment was driven largely by developments in Europe. U.S. markets followed European bourses lower amid ongoing concerns with regards to the debt crisis and political uncertainty. Italian yields rose by nearly 25 bps to 6.70% as PM-designate Mario Monti spent the day consulting with [...]
European Market Encounter Another Turbulent Week
It was Europe just about all the time once again last week as markets moved to the cadence of the political machinations in Greece, Italy and the EU. After what seemed like inertia in Greece and Italy concerning their respective political leadership, both countries moved to replace their prime ministers. In Greece after several days [...]
Markets endure another tumultuous week
It was Europe just about all the time once again last week as markets moved to the cadence of the political machinations in Greece, Italy and the EU. After what seemed like inertia in Greece and Italy concerning their respective political leadership, both countries moved to replace their prime ministers. In Greece after several days [...]
Forex Technical Analysis
EUR/USD EUR/USD has stabilized between approximately 1.3600-1.3900 after the on-again/off-again Greek bailout drama looks to have finally come to a conclusion. Today, the Greek unity government will announce the new prime minister and cabinet, so there may be some final upside on short-term euphoria that a disorderly Greek default will be avoided. We think the [...]
Why Do Forex Traders Need Forex Brokers
Light years ago, in a galaxy far, far away…. financial institutions, banks and international monetary funds were the only participants in the trading of foreign exchange instruments. Thats a fancy way of saying forex! Forex brokers at the retail level did not exist because these institutions monopolized the foreign exchange due to their abilities to [...]
Choosing a Good Forex Broker
Forex broker is an intermediary between a trader and a currency market. Retail trading isn’t possible with Forex brokerage. Finding the right Forex broker among hundreds of the online firms isn’t an easy task. That’s why you need to inform yourself on the specific broker that you will want to work with and collect important [...]
American Clients are Moving Forex Account to Offshore Forex Brokers
The online forex trading industry is one of the most dynamic online industries. Most online forex traders are US citizens so the recent events regarding the top poker rooms active on US market also affected the forex market. The events on the Black Friday were totally unexpected and no one saw it coming. This unprecedented [...]
Stemming the Malaysian Exodus
Stemming the Malaysian Exodus Recently, YB Teresa Kok asked me “Why are Malaysians so keen to leave this country? Life overseas is not necessarily easier!” I agree that life overseas is not necessarily. In fact my cousins living in Hong Kong, Singapore and London tell me regularly that they miss the food and that things [...]
A Simple Way to Become Wealthy
My first real job was as a junior enlisted member of the United States Air Force. I had great benefits, but as a low ranking enlisted member my take home pay wasn’t worth bragging about. I was earning a comfortable living for a 19-year-old, but I didn’t think I had enough money to invest. It [...]
