Forex

FOREX – Auto and Truck Sales measure the monthly sales of all domestically produced vehicles. They are considered an important indicator of consumer demand, accounting for roughly 25% of total retail sales. Demand for big ticket items such as autos and trucks tends to be interest rate sensitive, making the motor vehicle sector a leading indicator of business cycles.

Each auto maker reports sales individually. The reports are typically released over the course of the first three business days of the month. Using the individual reports, a total annual sales pace can be calculated after applying Commerce Department seasonal factors. It is this annual sales pace that the market refers to when discussing auto and truck sales for the month.
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Every once in a while, my status as a blogger gives me access to resources that otherwise might not be available to me. One such “perk” of the job is that I get to meet experts in the forex field and have an opportunity to pick their brain.

One such opportunity just came about with Abe Cofnas, one of the original pioneers of retail forex trading and author of three books on the subject. I first had occasion to run across Abe’s work when I started my own journey into forex. At the time I was trading futures and stocks, and came across Abe’s column in Futures magazine.

I was impressed by his straight-forward approach and ability to explain the intricacies of the forex market. I was hooked. So I went out and bought Abe’s book and dove right in and it was instrumental in my development as a forex trader. Do not more? »

FOREX – The US reported growth figures today that while positive, have missed expectations. US GDP came in at 3% vs. and expectation of 3.4%. In addition, initial jobless claims were reported at 460K, largely in line with expectations.

This morning has started out in full risk-taking mode, as no additional negative news has come out of the Euro zone. As I mentioned yesterday, every day without news will embolden the market and encourage risk-taking. Yesterday’s rumor du jour was that the Chinese government was re-evaluating its Euro zone holdings, which sent the market lower as fears of further selling in the Euro were heightened. However, the Chinese denied that rumor and the markets have rebounded strongly this morning. Do not more? »

FOREX – The Canadian dollar rose against its U.S. counterpart, paring previous losses, and extended its rally versus the euro today on the signs of the record economical growth and on rising oil prices, which caused the speculations that the central bank will increase the interest rates.

Canada’s gross domestic product grew 6.1 percent in the first quarter of this year, the fastest pace in a decade. July delivery for crude oil rose $0.71 (1 percent) to $74.68 per barrel on the New York Mercantile Exchange. Crude oil is the source of the biggest export revenue for Canada. Do not more? »

FOREX – Der Euro hat am Dienstag wieder deutlich gegenüber dem US-Dollar verloren. Die Gemeinschaftswährung notierte im späten Handel bei 1,2693 und damit rund 0,7 Prozent niedriger als am Vortag. Die Wirkung des EU-Rettungspaketes vom Wochenende ist damit weitgehend verpufft. Die weltweiten Aktienmärkte tendierten insgesamt ausgeglichen. Der Goldpreis konnte deutlich zulegen: Der Preis für eine Feinunze belief sich am Abend auf knapp 1235 US-Dollar und damit rund 2,5 Prozent mehr als am Vortag. An den Devisenmärkten wie auch am Anleihe- und Aktienmarkt konzentrieren sich die Diskussionen zunehmend auf die Maßnahmen der Regierungen zur Reduktion der Haushaltsdefizite, die in den kommenden Wochen europaweit Kontur annehmen sollten

Forex – Im Eiltempo gewinnt der Forex Markt seit einigen Jahren das Interesse auch deutscher Anleger. Spezialisierte Forex-Broker ermöglichen Privatanlegern über ihre Handelsplattformen den Zugang zum Devisenmarkt. Dieser gilt als der liquideste der Welt -rund 3,5 Billionen US-Dollar werden täglich umgesetzt.

Forex Trading versteht sich als die Luxusklasse der Spekulation und bietet ein beträchtliches Potenzial. Der Handel mit Währungen findet nicht an einer zentralen Börse, sondern direkt zwischen den Marktteilnehmern statt. Öffnungszeiten wie an der Börse sind dabei ebenfalls passé: Der Forex Handel beginnt am Sonntagabend in Australien und endet am Freitagabend in den USA. Über die Accounts der Forex Broker kann so rund um die Uhr mit Währungen gehandelt werden. Do not more? »

Forex- This is a question I receive often and unfortunately I can no longer give an honest answer which is the only answer that I ever want to give. This is due to the fact that I haven’t dedicated myself to Rob Booker’s training since 2006 making my experiences outdated. The good news is that over the coming months, I will be able to give you an honest opinion because I am in the initial phases of giving his tutelage another go. This is possible because he has no expiration date on his training. According to his training contract, “You have as long as you need. You never have to pay me anything again….” Do not more? »

Forex –  Quotes are a vital part of the foreign exchange trading, as Forex trading is done in terms of quotes. Therefore, comprehending these quotes is the first important step.

Firstly, in a Forex quote, the currency listed first is known as the Base currency. For example, we have EUR/USD. Here, EUR is the Base currency.
Secondly, the base currency has always the value 1. In other words, the rate of other currency is calculated against 1 pt of the Base currency. For example, we have EUR/USD where EUR is the Base currency. Then 1 EUR = 1.2323 USD or the value of one currency against the other in the pair.
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Forex – With more than $1.5 trillion USD being traded daily, the foreign exchange market has managed to become the world’s largest financial market, over the last three decades. With the large minimum deal sizes and rigid financial requirements, the Forex market, till recently, was not explored by the common trader or individual investor. But now the average investors can also engage in Forex trading. Some of the advantages of Forex trading are as follows: