Daily Forex Analysis
The euro rose to a four-month high against the U.S. dollar on Monday, on steady buying by Middle East accounts. It also appears to have been boosted by favorable interest rate differentials. The EUR...
View ArticleDaily Forex Analysis
Euro zone debt concerns are once again back in the news and have led to a steep drop for the 17-nation single currency in overnight trading. The EUR/USD has dropped over 100 pips in the last 24 hours,...
View ArticleGold mostly Forex driven
The 5 – month uptrend line held firm last week to push gold higher on the week following a decline in the week prior. Gold actually looked set to post another declining week until late Friday when the...
View ArticleLive Educational Seminars for Forex Trading
In addition to FXCM MENA online resources and to FXCM’s prominent DailyFX website, which offers up to the minute market news and Forex analysis as well as online courses, FXCM MENA is now organizing a...
View ArticleNASDAQ commences on iFOREX Online Trading Platform
Foreign currency and commodity trading service provider iFOREX, has recently added the NASDAQ index to its catalogue of tradable products which is based on NASDAQ future contracts. The NASDAQ is one of...
View ArticleForex Market and The World Economy
Forex is a dealing system also noted as FX or and foreign market exchange. Those participating in the foreign exchange businesses are some of the biggest corporations and financial institutions from...
View ArticleForex trading is easy with the right advice
Forex trading offers a lot of opportunities to individual traders. Through study, hard work, and perseverance, many people have made significant sums through the forex market. You should always ensure...
View ArticleFundamental Analysis vs. Technical Analysis
A lot of people are now trying to accumulate more wealth through forex and stock trading. If you are planning to make money in trading as well then note that many traders especially the new ones try to...
View ArticleOverweight or underweight in equities?
A global recovery is going to occur, so you might want to be marginally overweight in equitiesFollow on Twitter @DubaiChronicle
View ArticleChoosing the Best Trading Platform
A forex trading platform is a program that facilities the transfer of trading information between the broker and the trader. A trading platform offers information like quotes and charts. In addition, a...
View ArticleEUR Dives from Investor Pessimism
The euro’s downturn against its rivals yesterday was brought on at the start of this week’s trading by reduced optimism regarding the EU rescue fund’s expansion. Some analysts were disappointed that...
View ArticleEuro Reaches Two-Month High Against USD
The euro held near a two-month high against the USD during the Asian trading session on Tuesday, with $1.37 firmly in its sight as the market showed only the barest signs of fatigue after a 6% rally in...
View ArticleFurther Bearish Movement Expected for USD Today
The EUR/USD pair is once again floating around the 1.3700 level, as analysts are predicting yet another bearish day for the greenback. A batch of data is expected to show declines in the production,...
View ArticleDollar Rallies on US Employment Data
The dollar was up versus the major currencies following disappointing non-farm payrolls numbers, highlighting the difficulties the Federal Reserve faces in reducing US unemployment. USD Non-Farm...
View ArticleDollar Falls as Risk Appetite Rises
The euro gained against the U.S. dollar and Japanese yen in late trading Tuesday as stronger Japanese equities prompted investors to buy back the risk-sensitive currency, pushing it further off the...
View ArticleUSD May Turn Bullish Today
Following yesterday’s losses, the US dollar has the potential to stage a bullish correction today providing that this week’s Unemployment Claims figure comes in as predicted. Analysts are currently...
View ArticleUnrest in Libya Boosts Crude Oil to $99.90
Last week’s most notable trends were the bullish Japanese yen and crude oil. Both trends took place in response to the rising violence in Libya, which has by now cut two thirds of its oil supply. While...
View ArticleUS Dollar Remains Weak despite Dip in Commodity Prices
This week may provide the decision point for the USD. With Non-Farm Payrolls due this Friday, the uncertainty surrounding the American recovery will undoubtedly be made clearer. Today’s report on US...
View ArticleCrude Oil Trades Near 29-Month High as Middle East Unrest Continues
As violence in Libya continues, crude oil reached its highest level since September 2008 today, at $106.30 a barrel. Crude prices are also being supported by the positive U.S. employment data which was...
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