Data over the past week have provided further evidence that the economy has lost momentum since the start of the year, although activity has not fallen off the rails. Nearly all of the monthly data seem to have been affected in some way by the storms and prolonged cold that
Geopolitical tensions took center stage this week, as the crisis in Ukraine intensified with Russian forces taking control of Crimea a semi-autonomous region of Ukraine. The news raised fears of an outright military confrontation, causing a kneejerk reaction in global financial markets. Equities moved sharply lower and commodity prices
Last week was full of extremes. At the start of the week escalating tensions between Russia and the Ukraine dominated sentiment. Risky assets sold off and stocks fell sharply. However, by Tuesday, when it looked like a violent outcome to the crisis was off the cards, the markets were able
The AUD/JPY was one of the strongest performing currencies this week, with rates rallying over 440 pips from Monday’s low to the post-NFP peak. This move was primarily by two developments: strong data out of Australia and growing risk appetite as geopolitical tensions showed signs of moderating. As we discussed
Key Technical Bullets:
A Falling Wedge Pattern has been forming since the beginning of 4Q 2013
Found repeated support into the 61.8% retracement October 2012 high
Falling wedge has formed in the face of weakening bearish momentum (RSI)
Broke above wedge resistance around 0.8280 earlier today
Daily RSI confirmed the falling wedge break
North American markets are excited this morning as the warm glow of an unexpectedly positive US employment report washed over the masses and supported the USD against most of her rivals. The closely watched Non-Farm Payroll report handed out a trio of positive revelations as the current data was positive
NFP rose +175k last month, beating the street consensus of around +150k. It’s undoubtedly a plus for Yellen and company a number that certainly supports her case to continue tapering asset purchases. Friday’s headline print-beating consensus would suggest that the US economy has underlining strength despite the adverse weather
The Dollar is supposed to be king that’s what many had been hoping especially with a ‘hawkish’ Fed and a ‘dovish’ ECB running the show. Interest rate differentials are suppose to pull the "mighty" dollar higher against the 18-member single currency. If you ask a EUR bear, especially this
Governor Stevens at the Reserve Bank of Australia is having a tough go of it recently. Again, and for second time this week, Governor Stevens caused the biggest ripple in the currency markets in an otherwise quiet pre-NFP trading session. Speaking before the House of Representatives of Economic Committee, Stevens
People think that Forex trading will baffle even someone with a PhD. This only holds true for people who are too lazy to read about Forex trading. In the following paragraphs, you’ll find tips that will assist you in achieving foreign exchange success.
When trading, have more than one account. You want to have one that is for your real trading and a demo trading account that you play around with to test the waters.
Trading practice will make good profits over time. By entering trades into a demo account, you can practice strategies in real time under the current market conditions without risking any of your money. There are lots of online tutorials you can use to learn new strategies and techniques. Arm yourself with as much knowledge as possible before attempting to make your first real trade.
Open two separate accounts in your name for trading purposes. One account, of course, is your real account. The other account is a demo account, one that uses “play money” to test trading decisions.
Research the broker you are going to use so you can protect your investment. Particularly if you are an amateur foreign exchange trader, you should opt for a broker whose performance is on par with the market and who has a minimum of five years of experience in the industry.
Never try to get revenge on the market; the market does not care about you. Staying level-headed is imperative for foreign exchange traders, as emotion-driven decisions can be expensive mistakes.
If you change the location of the stop loss points right before they get triggered, you can wind up losing more money than you would of if you didn’t touch it. Just stick to the plan you made in the beginning to do better.
Foreign Exchange can have a large impact on your finances and should be taken seriously. If you want to be thrilled by foreign exchange, stay away. People who are not serious about investing and just looking for a thrill would be better off gambling in a casino.
Many traders think that the value of any one currency can fall below some visibly telling stop loss marker before it rises again. Because this is not really true, it is always very risky to trade without one.
When you are in the initial stages of forex trading, refrain from delving into many different markets and over-extending yourself. Confusion and frustration will follow such decisions. Instead, focus on the major currency pairs, which will increase your chances of success, and help you to feel more confident in your abilities.
Traders use equity stop orders to decrease their trading risk in forex markets. This will limit their risk because there are pre-defined limits where you stop paying out your own money.
Don’t think that you can come along and change the whole Foreign Exchange game. Foreign Exchange trading is a complicated system that has experts that study it all year long. You are highly unlikely to simply stumble upon the greatest forex trading secrets. Instead, focus on extensive research and proven guidelines.
Beginners are often tempted to try to invest all over the place when they start out in foreign exchange trading. Stick with just one currency pair while you are learning how to trade. Do not try to trade in multiple pairs until you have a thorough understanding of Foreign Exchange and know how to protect yourself from risk.
Research your broker when using a managed account. You should look for a brokerage firm that has been established for several years with a good track record.
Start learning to analyze markets, and make your own decisions. This is the best way to be successful in forex and make a profit.
Staying in for the duration can be your best strategy. Come up with a plan for your trading ventures to help you avoid acting upon your impulses.
Don’t trade when fueled by vengeance following a loss. You have to have a laid-back persona if you want to succeed with Forex because if you let a bad trade upset you, you could end up not thinking rationally and lose a lot of money.
You should always be using stop loss orders when you have positions open. A stop loss order operates like an insurance policy on your foreign exchange investment. You can lose a lot of money when you don’t use a stop loss if there’s an unexpected significant move in the market. A placement of a stop loss demand will safeguard your capital.
As was stated in the beginning of the article, trading with Forex is only confusing for those who do not do their research before beginning the trading process. If you take the advice given to you in the above article, you will begin the process of becoming educated in Forex trading.
Personal finance is stressful for most people. However, being educated on the topic can make dealing with your money a little easier. Provided below is some sound advice that you might use to reach your money management goals.
Choose a broker that you can trust and are comfortable with. Check their references and get a feel if they are being honest with you. Your experience is also a major consideration.
When trading in the Forex market it is important to watch the trends. You must keep up to date on the movement of the market so that you are able to buy at the lowest point possible, but sell when profits are the highest. Don’t sell in a swinging market of any kind. You must be very clear in your goals when you do not ride a trend out completely.
Being able to successfully manage your money is key to your success. Capital that you invest should be well protected. Put some of the money you earn into more capital investments, and make sure to stay on top of the process to ensure that you continue to make money. Set a rule for what profits you keep and what profits go into capital.
Because the times are quite volatile, it can be a good idea to keep your savings in a number of smaller accounts. You may place money in savings accounts, checking accounts, stock investments, high-yield accounts or gold investments. Use a combination of several of these approaches to limit your financial vulnerability.
A great way to get a handle on your financial health is to look for bargains and discounts whenever possible. Stop buying certain brands unless there are coupons for them. For example, if you typically buy Tide detergent but have a coupon for three dollars off of Gain detergent, go with Gain and save the green.
Set up an automatic savings plan with your bank so that a certain amount of money is transferred to a savings account each month from your checking account. This method makes it a requirement for you to save some of your money every month. It can also be useful for when you are trying to save enough money for a major event, such as a cruise or a wedding.
Eat as though you are a local when traveling to other countries and you will save money. Restaurants near hotels and popular tourist spots are usually expensive. The locals most likely eat at far less expensive restaurants, so find out where they are. This way, you will not be wasting money on delicacies and can enjoy the local cuisine.
In order to build good credit, you should be using two to four credit cards. It can take quite some time to establish a satisfactory credit score if you only utilize one credit card, but if you use more than four, you are unable to handle your finances in an efficient manner. Begin with two cards, then add additional cards as necessary to build your credit.
Practicing patience can prevent you from overpaying for the things you desire. It is not unusual for individuals to immediately purchase the newest electronic products as soon as they hit the market. But, after a short period of time, the honeymoon is over on these goods and the prices fall drastically as the retailers try to shift their stock. This will save you money in the long run.
Your credit score might even go down as you work to increase it. Don’t panic if you notice a slight drop in your score. Keep adding good information to your credit report and you will see your score go up over time.
Do not believe that credit repair counselors will fully help you. Such a practice is absolutely illegal, and these companies are likely to run off with your money before doing anything to help you with your credit score. This isn’t accurate since what’s affecting your credit score is not identical to another person with credit issues. Companies that promise to completely clean your credit are deceiving you.
This article has addressed ways to avoid stress in dealing with your finances. Learning ways that can help you deal with your personal finances can serve to ease some of that stress. The article you just read should make it easier for you to deal effectively with your money matters.
The ECB has raised the bar for further easing and imminent easing is no longer on the cards.
The ECB’s inflation forecast is still too optimistic and it is our view that low inflation will eventually force the ECB to ease further, possibly as soon as Q2.
Risk sentiment remains resilient despite
After several months of weak job numbers, the February gain of 175,000 jobs, despite the weather, is reassuring that the labor market continues to improve and that economic growth will pick up in the months ahead. February job growth was broad based, with gains in construction, manufacturing, professional services, leisure
February 2014 payroll employment rose a stronger than expected 175,000 following upwardly revised gains in both January 2014 of 129,000 (previously 113,000) and December 2013 of 84,000 (75,000). Market expectations had been for a gain of 150,000. This upward trend in payrolls provided some encouragement that the negative effect of
The nominal US trade deficit unexpectedly widened in January 2014, by inching up to $39.1 billion from a revised $39.0 (was $38.7) billion shortfall in December 2013. Markets had expected a smaller $38.5 billion deficit in January. The modest deterioration in the January balance reflected a $1.2 billion (0.6%) increase