The ultimate list of FX articles to help you trade fx profitably.
The euro returned to 1.3100 levels after ECB President Mario Draghi reported no change in interest rates at 0.75 per cent, a positive outlook later this year for the Eurozone. He said that while the short-term outlook for the region remained weak, a gradual recovery is seen for the second half of 2013. Meanwhile on the Australian front, the AUD/JPY cross pair neared the 98 mark, mainly due to the Yen’s poor performance as of late. Over the past 2 days, the Yen once again fell as the weakest currencies among the majors. Read more >>
Figures released by the Greek National Statistics Service (Hellenic Statistical Authority) earlier today show that unemployment rate in the debt-ridden country has decreased, but only slightly. Read more >>
The Australian Bureau of Statistics announced today that the country’s Gross Domestic Product (GDP) rose by 0.6 per cent in the last quarter of 2012 and 3.1 per cent on a year-on-year basis. The q/q figures released are in line with previous growth expectations against the upwardly revised +0.7 per cent in Q3 from +0.5 per cent. Meanwhile, the y/y figures were slightly above the previous 3 per cent expectation. Read more >>
Probably one of the most common terms you will encounter when it comes to fx, and one that you will often refer to, is the currency pair. Understanding how it works, thus, should be one of the first few things that you should do if you are new to investing in the foreign exchange market. In this article, we will introduce you to currency pairs, including how they work and what their significance is to the market. Ready? Let’s get started. Read more >>
Australia’s index of commodity prices rose for the fourth consecutive month in February according to a report by the Reserve Bank of Australia (RBA). The index increased by 2.3 per cent last month, continuing a surge that saw a previous increase of 2.4 per cent in January. This left commodity prices by 7.5 per cent from the recent low in October, but 15.2 per cent lower than the all-time high seen in July 2011. Historically, the current figures are still three times higher than late 2003 numbers at the beginning of the commodity price boom. Read more >>
Last week, Reserve Bank of Australia (RBA) Governor Glenn Stevens announced that despite the Australian Dollar being "somewhat overvalued", the RBA does not plan to intervene in the foreign exchange market. Stevens said that, "you need to be pretty confident that it is seriously over-valued, or the market is behaving in some quite irrational way, before you would launch large-scale intervention." But why exactly would the RBA want to intervene? We will discuss that in the following paragraphs. Read more >>
From online software to fx mobile software, there are a plethora of tools that make it easier for forex traders to buy, sell, and improve the level of intelligence they gain about the market . Software come in different forms, depending on each trader's goals. We will discuss some of the more popular types of forex software in the list below. Read more >>
John Taylor is the CEO and Chairman of a hedge fund firm called FX Concepts which he founded in 1981. FX Concepts manages currencies and FX exposures for institutional clients through both overlay and absolute return strategies. Read more >>
Recently China reported a larger than expected trade deficit – the numbers weren’t pretty. Exports grew by only 6.9% compared with 14.3% back in the December quarter while imports grew at 7.7%, down from 20.7% in the December quarter. Read more >>
As promised in last week’s article in reference to macro factors such as the potential for correlation between a nation’s strengthening economy and a corresponding strengthening currency - this week we turn our attention to the positive news flow recently out of the USA and the corresponding strengthening USD. Read more >>
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