21st Century Trading – Daily Market Wrap – Thursday 11th Nov 2010
Posted by in Forex Report on November 14, 2010
Stocks:
Australian markets are expected to open weaker this morning today with the SPI sitting 8 points lower, Australia picked to follow Wall St down on news of Cisco System’s weak outlook, driving tech stocks south and continuing fears…
Forex Lesson: Interest Rates and Currency Prices
Posted by in Uncategorized on October 31, 2010
Case Example: AUD/USD
On Monday November at 11.30am the RBA, Reserve Bank of Australia will announce the official cash rate (interest rate).
Impact on the currency?
This is a major impact news event and the currency will fluctuate on…
Market Summary
Posted by in Forex Report on October 27, 2010
MARKET SUMMARY
The US Dollar was weaker across the board as nations at the recently concluded G20 meetings pledging to refrain from ‘competitive devaluation’ of their respective currencies. Treasury secretary Geithner reaffirmed the importance of FX stability and restated…
The Australian $ reaching parity in 2 months ?
Posted by in Forex Report on October 12, 2010
Strong Aussie dollar to impact budget
- Exports to become more expensive
- Will lead to fall in tax revenue
- 12th Oct 2010 TREASURER Wayne Swan expects a surging Australian dollar to hit budget revenue as talk of parity with the
…
MSA Weekly Update
Posted by in Forex Report on October 6, 2010
Hi Members
NOTE:
The reported results are from realtime trading on a live account. As a guide, the results are based on risking around 1% to 1.5% per trade, with a maximum risk of 3% per trade. Individual profit and…
AUD Update
Posted by in Forex Report on October 5, 2010
Hi Members
The Reserve Bank of Australia surprised capital markets on Tuesday be keeping its benchmark rate stationary at 4.5%, sending the Aussie dollar tumbling by more than 100 points in reaction to the news. Prior to the decision the…
Drawdowns and Trading
Posted by in Forex Report on September 27, 2010
Drawdowns and Trading
What is Drawdown and how it can mean the difference between your Forex trading system being a winner or a loser.
Drawdown is a very important money management concept that you need to understand to become…
Whats the Best Time To Trade the FX Market?
Posted by in Uncategorized on September 14, 2010
See at a glance the market hours and current status of the world’s currency markets. National bank holidays and weekends are taken into account.
http://fxtrade.oanda.com/resources/fxmarkethours/
Make sure you enter your own time zone.
Australian Dollar bounces to new highs
Posted by in Forex Report on September 14, 2010
On Monday 13 September 2010, 16:15 EST
The Australian dollar has risen above 93 US cents for the first time since April, after the release of buoyant Chinese economic data.
The dollar was trading at US$0.9306 today – its highest…
