Archive for April, 2007
Technical Analysis: Introduction
Posted on27. Apr, 2007 by admin.
There are two major approaches to analyzing the currency market, fundamental analysis and technical analysis. The fundamental analysis focuses on the underlying causes of price movements, such as the economic, social, and political forces that drive supply and demand. The technical analysis focuses on the studies of the price movements themselves. Technical analysts use historical [...]
Continue Reading
Forex Basics: What is Margin
Posted on27. Apr, 2007 by admin.
What is Margin?
Margin is the amount of equity that must be maintained in a trading account to keep a position open. It acts as a good faith deposit by the trader to ensure against trading losses. A margin account allows customers to open positions with higher value than the amount of funds they have deposited [...]
Continue Reading
Forex Basics: Types of Orders
Posted on27. Apr, 2007 by admin.
The forex market provides different kinds of orders for trading. The following are some major types of orders that can be found on forex trading stations.
Market orders – A buy or sell order in which the forex firm is to execute the order at the best available current price. It is also called at the [...]
Continue Reading
Forex Spreads
Posted on27. Apr, 2007 by admin.
What is a spread?
In margin forex trading, there are two prices for each currency pair, a “bid” (or sell) price and an “ask” (or buy) price. The bid price is the rate at which traders can sell to the executing firm, while the ask price is the rate at which traders can buy from the [...]
Continue Reading
US Consumer Confidence Index Has Declined to 104.0 in April
Posted on24. Apr, 2007 by admin.
Consumer confidence in the U.S. declined to the lowest level in eight months in April, sapped by concerns about rising gasoline prices and a wave of mortgage defaults.
The New York-based Conference Board’s index of consumer confidence fell to 104.0 this month from 108.2 in March. The index averaged 105.9 last year.
This year’s 23 percent increase [...]
Continue Reading
Commentary: Expect big USD decline in long-term
Posted on19. Apr, 2007 by admin.
In recent years, the performance of the USD has been dismal. The currency is near historic lows against most of the world’s major currencies (with the notable exception of the Japanese Yen), and in fact, just yesterday, the USD dropped to a 15-year low against the British Pound. And yet, [...]
Continue Reading
Pound sets sights on 2 usd level buyed by strong UK data
Posted on16. Apr, 2007 by admin.
LONDON (Thomson Financial) – A set of strong UK economic data saw the pound close in on the elusive 2 usd level.
The pound hit an intra-day high of 1.9938 usd after an unexpectedly strong rise in UK factory gate prices this morning which came on the back of news that UK housing market remains buoyant.
“The [...]
Continue Reading
Glossary Of Forex
Posted on05. Apr, 2007 by admin.
Appreciation – A currency is said to ‘appreciate ‘ when it strengthens in price in response to market demand.
Arbitrage – The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.
Around – Dealer jargon used [...]
Continue Reading
Wholesale Trade
Posted on05. Apr, 2007 by admin.
Importance (A-F): This release merits a D-.
Source: The Census Bureau of the Department of Commerce.
Release Time: 10:00 ET around the fifth business day of the month (data for two months prior).
The wholesale trade report includes sales and inventory statistics from the second stage of the manufacturing process. The sales figures say close to nothing about [...]
Continue Reading
Weekly Chain Store Sales
Posted on05. Apr, 2007 by admin.
Importance (A-F): Both of these releases merit a D+.
Source: Bank of Tokyo-Mitsubishi and LJR Redbook
Release Time: Mitsubishi: 9:00 ET each Tuesday (data for week ended prior Saturday); Redbook: 14:55 ET each Tuesday (data in the form of a running monthly total for the week ended prior Saturday).
Note that the release times for these private surveys [...]
