Forex

Aussie holds on to 70 US cents level on the back of China data

Oanda The Aussie dollar is holding on above the US 70 cents level on the back of China’s manufacturing data that came out better than market expectation. “It (China PMI data) has come at 49.8 (expected 49.7), although the second month of contraction, still better than estimates,” said Stephen Innes, senior trader at FX/CFD firm…

Want To Trade the Chinese Yuan? It’s Coming To Australia

Immense global interest in China’s currency is leading foreign exchange giant FXCM to offer it as a trading pair to Australian investors. In what FXCM considers breaking new ground, China’s offshore trading unit known as the CNH should be available to trade via its Australian online platform from mid-2012. Enabling CNH to trade here follows…

How The European Debt Crisis Could Affect You

The European Debt Crisis has dragged on so long and taken so many torturous twists and turns it is virtually impossible for the average Australian investor to fully comprehend all the potential scenarios that could result.  Simply put, countries in Europe borrowed too much money in relation to their economic revenue through sales of sovereign…

How the U.S. Will Become a 3rd World Country (Part 1)

By Ron Hera, ©2011 Hera Research, LLC The United States is increasingly similar to a 3rd world county in several ways and is accelerating towards 3rd world status.  Economic data indicate a harsh reality that obviates mainstream political debate.  The evidence suggests that, without fundamental reforms, the U.S. will become a post industrial neo-3rd-world country…

Taking Advantage Of Central Bank Interventions

It seems that every country’s central bank these days is involved in some sort of capital control over their currency. Set aside from standard monetary and fiscal strategies, these policies are used to keep domestic denominations under control while keeping a country’s growth stable. One of the most frequented strategies used by policy makers is…

Profiting from AUD volatility

As the Australian dollar soared like a midsummer temperature, the urge to trade it for profit spread like a heat rash. And little wonder. In the space of less than two months the currency  shot from US97.5c to $US1.10 on May 2nd 2011, a jump of 12.5 per cent. Just as spectacular has been the…

Is the US dollar set for a sharp rally?

The beleaguered US dollar has certainly challenged silver’s crown of being the most-one-sided trade lately.  The bearishness and pessimism plaguing the world’s reserve currency is overwhelming and universal, with nearly everyone convinced the US dollar is ready to fall off a cliff.  But it is psychological conditions just like today’s that birth mighty bear-market rallies,…

Top Forex Trades for 2011

Is the Aussie dollar on the verge of a precipitous fall? Will the British Pound survive or will it be forced to join the Euro? Is there money to be made from the changing fortunes of the major currencies this year?FXCM, one of the world’s largest Forex dealers, has revealed its top trading ideas for…

Could this trigger a reversal in the overvalued Aussie Dollar?

Fundamental OutlookAustralia’s employment change is expected to rise 20.0K in January after climbing 23K the previous month. At the same time, the unemployment rate is estimated to remain unchanged at 5.0 percent. Indeed, a dismal release could place additional weight on the AUDUSD as the worst flood in 50 years paired with the recent cyclone…

Diary Of A Forex Trader

By Karmali Abid, forex trader I started trading Forex in 2005 after stumbling across the Oanda site while looking for financial education. My uncle had recently talked me into the idea of investing, and as such, I was hunting for information. I saw the website touting foreign currencies and saw that the trader should “be…