Setting up the appropriate trading account is one of the keys to success in forex. The right forex trading account allows small individual traders to race together with large market makers in forex, such as commercial banks and investment firms. Three broad categories of forex trading accounts exist: standard accounts, mini accounts and managed accounts. [...]
January 24, 2011 – 12:00 pm
The lack of regulation combined with the enormous amount of liquidity that passes through the FX Market each day, the market tends to move in very volatile swings. Therefore, companies and wealthy investors who are exposed to shifts in currency values have, for decades, engaged in currency options in an attempt to hedge against unfavorable [...]
November 12, 2010 – 3:38 pm
FreeWeek of Elliott Wave International’s Currency Specialty Service is here thru Nov. 18 November 12, 2010 By Elliott Wave International On November 1, the EUR/USD — the euro-dollar exchange rate and the most actively-traded forex pair — was trading the $1.38 range, near the level it is today. But if you look at what the [...]
November 11, 2010 – 12:38 pm
If you trade binary currency options, this is a great opportunity for you… Our friends at Elliott Wave International have just announced the beginning of their popular FreeWeek event, where they throw open the doors for you to test-drive some of their most popular premium services — at ZERO cost to you. You can access [...]
October 25, 2010 – 12:07 pm
The major indices ended the week with modest gains as advances in four of the five sessions offset steep losses on Tuesday. Earnings results were in focus as more than 100 S&P 500 companies reported, including 12 Dow components. The S&P 500 rose 0.4% as seven of the ten sectors gained. Reaction to earnings was [...]
August 23, 2010 – 9:28 am
Let’s see how the US markets react to continued uncertainty and last week’s bearish sentiment. U.S. stocks declined Friday on light summer trading volumes, sending the Dow Jones Industrial Average to its second consecutive week of losses as concerns about economic growth weighed on investor sentiment. Offsetting concerns about the sagging recovery in the job [...]
The Euro is picking up momentum, and after having remained trading sideways above 1.3055 during European trade, the pair has broken past session high, to test 1.3095/1.3105 resistance area. If the pair manages to break above 1.3105 (session high/Jul 29 high), next resistance levels could be at 1.3140 and 1.3180. On the downside, support levels [...]
Currencies: USD/JPY pair – This pair continues to test support at the bottom of a downward-sloping channel that has confined price action since early May. As the week progressed, the pair was on the decline positioning the Yen at a disadvantage the US dollar. Stock Spotlight – Intel (Ticker: INTC) On Wednesday, Intel Corporation reported [...]
06/18/2010 While there is no major data until Tuesday, the markets are already looking ahead to the Fed’s two-day meeting next week. The Fed is not expected to make any move on rates and any tweaking of its statement would be minor, economists said. J.P. Morgan economist Michael Feroli Thursday said he changed his expectations [...]
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