Forex

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…

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…

The secrets to trading forex

Acclaimed US forex trader Kathy Lien, author of “Day Trading & Swing Trading the Currency Market,” is currently in Australia. When starting out trading forex – or even shares for that matter – it’s handy to have some exact rules to follow. A set of rules is precisely what we need to lift our confidence,…

$A set to break parity with $US in 2010

The Australian dollar could break above parity with the US dollar for the first time in nearly 30 years if the Reserve Bank of Australia (RBA) raises the base interest rate from a current three per cent over the next 12 months. But economists say the domestic currency is unlikely to stay above $US1 for…

Aust dollar to flutter around 80 US cents over rest of 2009

The Australian dollar is expected to oscillate around 80 US cents over the second half of calendar 2009, but could move higher if China’s appetite for Australian resource commodities ramps up. The domestic currency has gained about 11.3 US cents since the end of 2008, having traded higher on a more resilient performance in the…

$A at risk of near-term decline: analyst

The Australian dollar is at risk of a near-term decline even as the global economy shows signs of recovery and risk appetite improves, an analyst says. State Street Global Markets senior macro strategist Dwyfor Evans believes a more upbeat outlook will make investors confident about investing in riskier emerging market currencies, instead of the Australian…

Why more volatility means more ways to profit

There haven’t been many bright spots in financial markets during the last twelve months. But despite the doom and gloom, one market has boomed – the foreign exchange market. Why?  The reason is simple.  It is arguably the only market where investors don’t have a bias towards either being long or short in a trade. …