June 20th, 2011 |
ForexEd |
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At the end of last week’s Forex trading sessions the euro was climbing following popular beliefs, among traders and investors alike, that a ‘rock solid’ bailout plan for Greece’s faltering economy had been reached. However, during the start of this week the euro excitement and appetite slumped as analysts await the approval of new austerity measures by the Greek Government.
Early on during the London trading session Forex traders at eToro saw the EUR/USD currency pair trading down 0.7 per cent at $1.4191, just a short way above the three-week low of $1.4073, which the pair fell to last Thursday, but why is the euro hurting so badly right now and why do investors get so excited following these bailout plans?
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June 13th, 2011 |
ForexEd |
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ForexYard is one of the internet’s leading online Forex brokers, offering Forex bonuses, a solid and robust trading platform that’s packed with tools and trading features, tight spread and competitive prices along with a great choice of the world’s major currency pairs. However, you can trade more than just Forex at ForexYard, you can also trade commodities too.
In exactly the same way that you trade currency pairs at ForexYard you can also buy and sell gold, silver and crude oil. All trades in commodities are made against the US dollar and ForexYard offers highly competitive spreads and margins, as it does with its currency pairs. This allows you to trade Forex and commodities at the same time, without the need to log in and out of different trading accounts, while all of the time getting great trading value.
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June 6th, 2011 |
ForexEd |
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Today traders at ForexYard saw the euro falling against the US dollar and other foreign currencies as Germany casts doubt over plans for a second bailout by the International Monetary Fund and the European Union for Greece and its suffering economy. The euro lost ground against the US dollar following a 4 per cent climb for the euro versus the Greenback over the past three weeks. However, this week’s European Central Bank (ECB) policy decision may put the euro back on track.
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May 30th, 2011 |
ForexEd |
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So far today, traders at eToro have witnessed slow bank holiday Forex trading as both the UK and US markets take an additional day off. Understandably, trading has been a bit thin on the ground and this has led to pretty steady trading conditions across the world’s Forex markets, not really offering many inviting positions to trade.
When the markets are slow they tend to be fairly stagnant, which doesn’t offer many profitable positions for Forex traders. Generally, the busiest, most volatile and most profitable market conditions occur where trading sessions overlap, but with the London and New York markets closed today there will be no overlapping of major market opening hours and therefore less busy trading times.
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May 23rd, 2011 |
ForexEd |
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We’re just a couple of hours into the start of the Forex trading week and already we’re seeing clear evidence that it’s going to be another difficult week for the euro, with selling of the single European currency hot on the agenda of many traders at ForexYard and other brokers. Last week saw many difficulties for the euro, losing ground against many of its counterparts as various problems from numerous EU member nations weighed heavy on its fortunes and this week is no different as the euro continues its market slide.
The EUR/USD closed in New York on Friday at 1.4150 but with two hours of the Asian Forex markets opening today the pairs had slid over 50 pips, trading as low as 1.4095 before making minimal recoveries. The pair will receive support around the 1.4047 point, which is the monthly low for the EUR/USD.
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