Forex for Newbie

The EUR Penetrates $1.51 Range

2008-02-27T19:27:00.000-08:00

Yesterday, Durable Goods Order finally declined to - 5.3%, while prediction is estimated down - 4% from previously - 4.4%. Core Durable Goods Order declined to - 1.6%. from - 1.4% where previous value was at 2.0%. Read full article...

EUR/USD Reached 1.5047 on Tuesday

2008-02-26T17:16:00.000-08:00

It’s a worderfull performance for EUR. The strengthen has started from 4pm GMT+7 time and continue until night because of German Ifo Business Climate Indeks although USD Core PPI & National HPI showed a good sign, but Consumer Confidence is too bad. Read full article...

Vice Chairman of Federal Reserve, Donald L. Kohn : Recent Speech

2008-02-26T16:58:00.000-08:00

Vice Chairman Donald L. Kohn
At the University of North Carolina at Wilmington, Cameron School of Business' Business Week Program, Wilmington, North Carolina
February 26, 2008

The U.S. Economy and Monetary Policy

When, at the end of July, I accepted Tom Simpson's invitation to speak to you today on the economy and monetary policy, little did I realize the challenges I would face. For one, the economy and financial markets have taken some unexpected twists and turns over the intervening seven months, and we are still in the midst of a rapidly evolving and highly uncertain situation. Read full article...

EUR Return to get Stronger

2008-02-25T18:01:00.000-08:00

Yesterday, Existing home sales decline from previous even has been predicted to decline (from 4,91M to 4.89M), but traders still have USD buying sentiment because of Ambac package rescue. After the announcement, EUR up more than 1.4850 as my prediction for mid term tren (bullish). One of the main problem is from the rising tide of mortgage foreclosures, which is pushing even more unsold homes back on the already glutted market. Existing home sales decline by 12.7 percent in 2007. Combining with USA Economic Recession and probably FED will cut rates, trader should be close to the next America news.

Federal Reserve Governor Frederic S. Mishkin Recent Speech's

2008-02-25T16:13:00.000-08:00

Does Stabilizing Inflation Contribute to Stabilizing Economic Activity?

The ultimate purpose of a central bank should be to promote the public good through policies that foster economic prosperity. Research in monetary economics describes this purpose by specifying monetary policy objectives in terms of stabilizing both inflation and economic activity. Indeed, this specification of monetary policy objectives is exactly what is suggested by the dual mandate that the Congress has given to the Federal Reserve to promote both price stability and maximum employment.1 Read full article...

Interest Rate of Major Central Banks

2008-02-24T00:43:00.000-08:00

EUR/USD Get Stronger because The Fed Tends to Cut Interest Rate

2008-02-23T04:56:00.000-08:00

EUR/USD was closed on trading at 5 AM, February 23, 2008, GMT+7 on position of 1.4826 (where prior at the highest position at 1.4863 or strengthened up to 75 points). Though there were corrections caused by profit taking in late minutes, but overall EUR got stronger. It was caused by anxious-still US economic condition while inflation is accelerating at the same time. Read full article...

I'm Ready to Enter the Forex Market

2008-02-23T04:50:00.000-08:00

In the prior topic, we’ve already disscussed about the reason to invest in Forex. Now we’re going to disscuss about something you need to know before you start to trade. Please answer the questions below:

1. I'm a Beginner Trader
Why do you want to be a trader? What’s your trading goals? Of course, to make some money. Maybe it’s an opportunity to get financial freedom. Or maybe you are a trader and you wanna quit from your college or job because u’ve already been a trader and see probability of success here. Do u think it’s a right decision by being a forex trader? First I wanna tell you that we cannot predict the future and control the markets. Forex Market is too risky although we have enough knowledge and skill to reduce the risk (we can’t eliminate the risk). Have you answered the questions? I know it’s not easy. You should really find out the answer because it will influence your future much, and also your psychological while doing trading as well. Read full article...