Forex

The Aussie Dollar Hits Parity

Parity could hardly be closer: at 99.68 US cents, the A$ is almost there. After starting the year in the high 80s, the “Aussie” has embarked on a volatile upward trend that has it poised to achieve a 1:1 exchange rate with the greenback for the first time in 28 years as a freely-floated currency….

Top 5 Tips For Boosting Profits In Forex Trading

1. Trade Using Multiple Objectives It may seem obvious; but the best thing for you to do in your trading to improve profit is to actually take profit. There are too many traders who are so happy to see their position in the green that they will sit on it as emotion crowds out rational…

How do I know where to place my stop loss on a forex trade?

Question:  How do I know where to place my stop loss on a forex trade? Answer:  Kathy Lien, Director of Currency Research, GFT I am so glad you are asking this question, because the number one rule of trading is “always use a stop.” This is particularly true when trading forex, because trends can last…

Can I make a living trading forex?

“Make $20,000 per month in income trading currencies! Trade on autopilot and rake in the cash!” If you have ever received any of these colorful junk e-mail messages, you are not alone. Across the world, smooth-talking swindlers with get-rich-quick schemes bombard internet users with stories that sound entirely too good to be true. If you…

Can I make a living trading forex?

“Make $20,000 per month in income trading currencies! Trade on autopilot and rake in the cash!” If you have ever received any of these colorful junk e-mail messages, you are not alone. Across the world, smooth-talking swindlers with get-rich-quick schemes bombard internet users with stories that sound entirely too good to be true. If you…

Aussie dollar has everything to lose

Fundamental Forecast for Australian Dollar: Bearish – RBA raises its benchmark for a sixth time to 4.50 percent though Governor Stevens turns neutral – Quarterly Monetary Policy statement from RBA warns Greek crisis could “sharply” temper global growth – AUDUSD reverses sharply with broad US dollar rally How could this happen to the Australian dollar?…

Australian Dollar Could Topple if the RBA Doesn’t Keep Pace

Fundamental Forecast for Australian Dollar: Bearish – RBA Governor Glenn Stevens remarks that interest rates are “pretty close” to normal – Headline consumer inflation jumps to the top of the RBA’s tolerance band, but core figures softening – AUDUSD fails to catalyze a channel break. Technical levels blocking progress in both directions Someone once said…

US Dollar Likely to Rally Further if S&P 500 Declines

– US Dollar rallies sharply on S&P 500 tumbles on Goldman Sachs SEC Complaint – Greenback stands to gain sharply on further unwind in leveraged futures positioning – Volatile Greek fiscal crisis may likewise lead to US Dollar strength The US Dollar finished the week roughly unchanged against other G10 counterparts, but a key surge…

Australian Dollar Could Snap Back to Trend with an RBA Surprise

– Australian business investment jumps 5.5 percent in the 4Q – A modest increase in private sector credit does little to bolster the probability of an RBA hike – A tentative reversal could point to the next AUDUSD bear wave There is a lot of scheduled event risk next week across the board; but given…

AUD forecast to gain as S&P 500 hits highs

– Australian Dollar continues to outperform– Index of Australian economic activity surprises to the topside– Extreme sentiment nonetheless warns of Australian Dollar reversal The Australian Dollar finished the week as the top-performing G10 currency on similar outperformance in the US S&P 500 and broader financial market risk sentiment. Strong economic data and relatively hawkish Reserve…