Currency Market Updates

Is Forex Rising…

Is Forex Rising? Yes. While the markets are falling, Forex is rising

6, March, 2010

The global economic crisis has hit economies worldwide and made the financial
markets unstable. Recently, the crisis has deepened once more due to negative investor sentiment. In these critical conditions many investors are pulling their money out of
failing stock markets and looking elsewhere for more rewarding investments.

The Forex market offers a safe-haven for investors worldwide. Unlike other financial assets, the Forex market allows investors to benefit from all market directions. Because currencies always trade in pairs, when one weakens the other strengthens.Whether a currency pair is going up or down, the Forex market presents endless trends and trading opportunities which successful investors can profit from.

Recently, for example, while stocks have been crashing investors have fled to the  US dollar causing it to rise, while causing counter currencies, such as the euro and the pound to drop in value.

However, volatility in the markets offers excellent trading opportunities in Forex. Since the start of the current economic crisis volatility has increased across all the financial markets. Despite what many people think, Forex traders can actually benefit from the sharp movements which this creates. Actually, the sharper the movements, the more opportunity Forex traders have to make rewarding trades.

eToro’s trading tools are easy to use and help maximize opportunity while minimizing your risk. The Stop/Loss orders will allow you to predetermine the amount you are willing to risk on each trade, protecting your investments while allowing your profits to rise. By using our unique trading system you can fully control your positions even during volatile hours.

For example, on a $100 investment a trader can control trades with a value of up to $40,000 and receive the full profit from these positions, while limiting their risk to a very small amount which they decide themselves by the use of a Stop/Loss order. This allows traders to protect their account from sharp unpredictable market movements,
while allowing them to take full advantage of the market’s volatility.

Despite the excellent advantages which enable traders to monitor and control their trading portfolio, new traders are often hesitant when they start trading Forex. Due to eToro’s revolutionary trading platform, new traders can easily adjust to the world of currency trading. With a simplified and people-friendly visual interface, eToro is designed to help every trader master currency trading in no time at all.

eToro’s educational guides, tutorials and forums provides all type of traders with the knowledge they require to conquer Forex. eToro traders also have full access to trader chats, insight tools and up-to-date market news. New traders can also practice their trading strategies with live practice trading.

Open a real account today and start taking advantage of the Forex market for yourself.

All the best,
Good Trading,

Tom

Currency Market Updates by Tom Nadir

The contents of this report are for information purposes only.

BlogCatalog – Finance

Filed Under Currency Market News, Currency Market Updates | Leave a Comment

BoE Keep Interest Rates On Hold

Currency Market News on BOE Interest Rates, Germany and Greece and the US Non-Farm Payroll Data

5, March 2010

As the BoE  keep interest rates on hold at 0.5%, the asset purchase programme was held at £200 billion. The stronger PMI data this week and the improvement in the revision of Q4 2009 GDP has helped the MPC to be comfortable in their current wait and see policy.

An article in the Telegraph interestingly pointed out that if it was not for QE the UK would still be in recession. That could well be the case. The fact that there was no expansion helped to keep sterling supported just over 1.50 against the USD and 1.10 the euro. We really need to see a move beyond 1.52 before we can start to relax a little.

Over to the ECB and as expected they also kept rates on hold at 1%. They announced that it will continue to scale back their special lending measures as expected and equally as expected Trichet dodged the difficult bullets concerning Greece and gave little away. Yesterday’s Greek bond issue was a real success and this gave the markets a boost backing up the recent austerity measures introduced. The market is aware that we are not out of the woods but this certainly helps. Expect further wranglings with Greece but nice to get some good news for a change.

Today the German and Greek heads are meeting. Should be a spicy meeting after yesterdays comment from the German Economics Minister who said that the German government has no intention of offering Greece “even one cent” and that each country has to take care of its own affairs…..would be nice to be a fly on the wall for this meeting.

Later today we have the big US non-farm payrolls number but even this has lost some of its importance with the appalling weather expected to have considerably distorted the numbers. In a way this could prove to be Dollar positive with the whole community expecting a weak number therefore reaction should only materialise from a surprisingly better result.

Report by Phil McHugh

Currency Market Updates by Tom Nadir

Contact Currencies Direct for Corporate or Private Transactions. Open an account today and save money.

Currencies Direct & Forex trading

Currencies Direct is a leading commercial foreign exchange company with offices in the UK, Australia and Spain and has offices across 5 continents. Currencies Direct’s head office and global trading centre is based in the City of London.

The contents of this report are for information purposes only.

BlogCatalog – Finance

Filed Under Currency Market News, Currency Market Updates, currencies direct | Leave a Comment

Pound On The Up

Currency Market News on The Pound, The Bank Of Canada and The AUD

3, March 2010

Not much movement overall yesterday on sterling as the markets paused on selling the pound. This morning we have news that the pound is on the up and has made some gains back. As we stand we are holding just above the key 1.10 level and 1.50 on GBP/USD.

The 1.50 level on GBP/USD is a crucial level to hold above and will help to steady the ship and prevent further selling pressure. This morning we have seen UK PMI data come in much stronger than expected rising to 58.40 compared to the 55 expected and giving the best reading for over 3 years. On top of this consumer confidence rose to 80 and a 2 year high as consumers look ahead to a brighter 2010 for the UK economy. The good data this morning was a huge breath of fresh air for sterling giving it a welcome break from the selling momentum.

GBP/USD has picked up this morning beyond 1.36 following the leaked news of an austerity package for Greece totaling 4.8 billion euros. There is still uncertainty on the level of support that Greece will receive from the EU and the Greek PM tactically said that the cabinet may turn to the IMF if the EU does not give support – nice move. If we get further clarity on the level of EU support then this should lift the euro further. In addition it will help lead to selling pressure on USD and the JPY and hopefully boost the pound as confidence improves.

The Bank of Canada yesterday did everything apart from actually raising rates, thus cementing their previous comment that they preferred to wait until the summer before actually tightening officially. The GBP strengthened on the accompanying bullish statement and with the AUD , looks set to be a star performer, certainly for the 1st half of 2010.

Report by Phil McHugh

Currency Market Updates by Tom Nadir

Contact Currencies Direct for Corporate or Private Transactions. Open an account today and save money.

Currencies Direct & Forex trading

Currencies Direct is a leading commercial foreign exchange company with offices in the UK, Australia and Spain and has offices across 5 continents. Currencies Direct’s head office and global trading centre is based in the City of London.

The contents of this report are for information purposes only.

BlogCatalog – Finance

Filed Under Currency Market News, Currency Market Updates, currencies direct | Leave a Comment

What’s With The Euro Dollar?

The problems of Greece are the central focus of the Eurozone just now. The pound is taking a bashing all around and concerns in the US have been over the shaky greenback. Amidst all this activity the EUR/USD has been ignored a little of late. So what’s with the euro dollar relationship right now?

The new year started in the belief that the dollar would suffer at the hands of the euro but the reverse has proved to be true. The euro has turned out to be even weaker than the US dollar as it moved to levels not seen since May of 2009.

The PIGS of Europe (Portugal,Ireland,Greece and Spain) have all had a hand in this turn of events so what’s with the euro dollar relationship?

Was the conventional thinking wrong or did the market get it right? If you take a few minutes to take a look at this new video you can see that we may be at a tipping point where conventional thinking could well be wrong again.

Good Trading,

Tom

Currency Market Updates by Tom Nadir

The contents of this report are for information purposes only.

BlogCatalog – Finance

Filed Under Currency Market News, Currency Market Updates, MarketClub Updates, Trading Videos | Leave a Comment

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