Archive for the Forex News Category
Back Bay FX Announces Newly Designed Website & Offers MT4 Traders a Free Laptop
Back Bay FX (BBFX.com), longtime Forex broker (IB) has launched a new website to showcase a number of its new offerings to retail and institutional Forex traders. BBFX is known for their strong customer service, reliable support, and dedication to customer satisfaction. Historically, BBFX has offered exclusive partnerships with Forex brokers and Forex service providers [...]
Downtown Forex Special Report: Forex Rebate Programs
Downtown Forex has released a special report of the popular topic of Forex Rebate Programs. The report compares 4 different forex rebate programs from BBFX, Cashback Forex, Pip-the-pip, and Traderschoice FX. View the report here: http://bit.ly/ktNwLW
Dollar Down, But Not Out
By Interactive Brokers – The euro is back to unchanged against the greenback at $1.4355 in early U.S. trading after earlier reaching $1.4405 following an encouraging reading of business and investor confidence. However, the dollar is not giving in so easily this morning, for now at least, and appears to be fighting its way back [...]
5 Key Events In the Forex Market This Week
British Pound Outlook is Shaky Ahead of UK Q3 GDP, BOE Meeting Minutes By Daily FX – The British pound may face the most event risk compared to the rest of the majors, as the minutes from the Bank of England’s October meeting along with Q3 GDP results for the UK have the impact to [...]
US Dollar Overdue for a Technical Bounce, But Fundamental Reversal…
By Daily FX – The dollar was able to relieve the pressure of suffering its worst trend on recent record by clawing out the first bullish close in eleven consecutive trading days; but that does not mean the burdened currency is necessarily primed for a true reversal. While this currency is arguably oversold on a [...]
EURO / US Dollar Reversal is the Real Deal
By Daily FX – A recent divergence between the Euro futures contract and the US dollar index is just one piece of evidence suggesting that the EURUSD has reversed course. Additional evidence includes a long term cycle, wave structure at multiple degrees of trend, and recent momentum considerations. Market turns almost always occur with divergence. [...]
Mid-Day Report: Sterling Tumbles in Otherwise Quiet Market
By ActionForex – Sterling tumbles sharply in an otherwise quite market on talk that UK would slump into a Japan-style “lost decade”. There are speculation that BoE will use the Quarterly Inflation Report to be released this Wednesday to signal the risk of falling into a trap debt deflation and that was the main reason [...]
Re-Entering our Full Long EUR/USD Position on an Intraday Dip
We were watching the open last night for signs of continued USD strength from Friday, but the last 15 hours have been very quiet. EUR/USD (current bid 1.4176) is in a tight range. Without any follow through of lower EUR/USD we will put back on our full position of long EUR/USD. We originally bought at [...]
Does the Dollar’s NFP Rally Have Staying Power?
By DailyFX – The dollar made the bearish break to new lows for the year last Monday, but it was not catalyzed by any specific fundamental driver nor supported by a meaningful trend in risk appetite. To reverse the currency’s fortunes and potentially change its future, a true bull trend requires an underlying fundamental driver, [...]
A Comparative Study of Emerging Forex Markets: Russia, India and South Africa Are The Most Mature
By Forex Magnates – Russia, India and South Africa were the most mature of 14 emerging forex markets studied, using data from the last (2007) BIS survey of central banks. They each scored more than 50 on the Market Maturity Index (MMI), suggesting they are more than halfway there, as compared to the fully mature [...]