Morning traders
One of the key factor to success in forex trading is to master the principles of fundamental. Constantly aware of happen in the global market can help us during the tough time and indecision that the market offers. SO…..here is the summary of news that I think is worth of reading:
How Obama’s Stimulus Could Seriously Weaken USD
“”In the face of a steady rush of bad news coming out of the US, the Dollar has strengthened considerably against major world currencies over the past two months. But that may soon change…READ FULL STORY“”
ECB and BOE Rate Decisions May Show us Where Next?
“Yesterday was a positive day for the markets, with DOW JONES and NIKEI closing on positive territory, amid better than expected economic data out of the US and also corporate earnings results coming out better than forecast. The euro also rose yesterday as the return of risk appetite was obvious and therefore it gave the EUR/USD a push towards 1.3050. However come today, the move was put on temporary halt…READ FULL STORY “”
Fed Swaps Look Good for the Dollar
“”The Fed told the world yesterday that they would be extending the currency swap facilities and issuing more USD through the arrangements to most of the worlds largest central banks. A swap is an agreement in which the Fed trades US Dollars for an equivalent value of the other central bank’s currency. For example, the Fed may trade $20 billion for 23 billion Swiss francs at today’s exchange rate. Why would the Fed do this and what does it mean for the value of the dollar versus the other majors? READ FULL STORY “”
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