In the United States we have a floating currency. The government cannot raise or lower the US Dollar exchange rate directly. It cannot raise or lower the conversion rate by decree, for example, by declaring that “As of noon tomorrow, all US banks will sell Euros or buy Japanese yen for exactly so many dollars and so many cents.” But the Federal Reserve can and does change the Funds rate. When they increase the rate, interest rates rise a bit all across the US banking system. This has the ripple effect of reducing the overall supply of dollars, which makes the US Dollar stronger against other world currencies.
Having a low dollar to euro exchange rate, for example, may not be entirely a bad thing for all Americans. We know that it makes daily life expensive for American tourists in Paris or Rome who must convert dollars to euros before buying a croissant or getting opera tickets. But, a cheap dollar in Europe makes American cars more of a bargain for Europeans to buy. European companies might be more likely to choose an American consultant or software company, because the price in dollars is now very affordable in Germany or France.
Currencies trading experts know that it's important to be following trends and staying alert for potential increases or decreases in the inflation rate and the shrinking or rising money supply.
September 3, 2010 at 9:23 am • read more
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September 3, 2010 at 8:55 am • read more
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September 3, 2010 at 8:18 am • read more
EUR/USD Trend: Downward Sell@ 1.2840 Target 1.2810 cease 1.2870. Supports: 1.2791 - 1.2743. Resistances: 1.2828 - 1.2876. AUD/USD Trend: Downward Sell@ 0.9105 Target 0.9075 cease 0.9135. Supports: 0.9056 - 0.9008 ...
September 3, 2010 at 8:13 am • read more
Price is reach strong resistance area, buy or sell? I sell eur/usd and waiting for TP area to profit. This simple TA will help you if you are looking for buy some eur/usd too, if you think there is chance for buy trend just wait price ...
September 3, 2010 at 8:03 am • read more
For example while you select EUR/USD to commerce, should you purchase, you buy Euro against USD and for those who sell, you promote Euro against USD. It would not matter what foreign money you may have in your account. ...
September 3, 2010 at 7:36 am • read more
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September 3, 2010 at 4:35 am • read more
Already made +15 pips profit on USD/JPY today from the following signal: 5:32 GMT+1 Sell USD/JPY at 84.31 SL 84.57 TP 83.81 leave sent at 5:57 GMT+1. Total today +92, yesterday +142, as shown in details here. USD/JPY Chart ...
September 3, 2010 at 4:23 pm • read more
USD/JPY is the ultimate game of musical chairs. Traders sell, sell, sell and then cover quick once it stops going down for fear of the BOJ/MOF…On the topside, they are just as quick to pitch longs. Once the momentum stalls they head to ...
September 3, 2010 at 4:16 pm • read more
In case you believe the Euro will go up against the US dollar you purchase the EUR/USD pair. If you believe the EUR will lower against the US dollar you sell the EUR/USD pair. If you look foreign currency quotes you can look two numbers. ...
September 3, 2010 at 3:09 pm • read more
To execute this strategy, we must buy dollars simultaneously selling francs and then wait for the exchange rate rises. Assuming the retail price / contra is at 1.2732/1.2735 (i.e. you can buy with CHF 1.2735 USD1, or sell USD 1 CHF ...
September 3, 2010 at 2:36 pm • read more
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September 3, 2010 at 1:22 pm • read more
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September 3, 2010 at 1:18 pm • read more
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September 3, 2010 at 1:01 pm • read more
Sell USD/CAD 1.03955 By extrafast.onpw.de SL:1.04605 TP:1.02455 2010.09.03 18:00 GMTProvided by extrafast.onpw.de (http://www.extrafast.onpw.de/)
September 3, 2010 at 12:41 am • read more
There might be a chance to go LONG on GBP/USD or EUR/USD as "delayed trades" because the immediate reaction to another disappointing NFP release would prompt traders to SELL USD against JPY. But after the initial spike focused on strong ...
September 3, 2010 at 12:03 pm • read more
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September 3, 2010 at 11:06 am • read more
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September 3, 2010 at 10:29 am • read more
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September 3, 2010 at 10:15 pm • read more
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September 2, 2010 at 5:35 am • read more
Close Sell AUD/USD 0.90841 By extrafast.onpw.de Profit: 21 pips 2010.09.02 10:35 GMTProvided by extrafast.onpw.de (http://www.extrafast.onpw.de/)
September 2, 2010 at 10:33 am • read more
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September 1, 2010 at 8:00 pm • read more
Sell NZD/USD 0.71162 By extrafast.onpw.de SL:0.71862 TP:0.70512 2010.09.02 01:00 GMTProvided by extrafast.onpw.de (http://www.extrafast.onpw.de/)
September 1, 2010 at 6:32 am • read more
A clear downtrend could be an opportunity to sell USD/JPY. The buying point is at 84.80; Fibonacci 23.6% is the take profit at 85.35; Fibonacci 61.8% is the cease loss at 84.50. The selling point is at 84.04; Pivot point is the take ...
September 1, 2010 at 3:56 pm • read more
Hi every on the forum. I need your help coding an EA to short usd/jpy and other yen related pairs. The idea is simple and in manual seems to work. 1)
August 31, 2010 at 5:48 am • read more
As cable has recovered after intra-day fall to 1.5395, suggesting consolidation would take place and recovery to the Kijun-Sen (now at 1.5486), however, upside should be limited to 1.5521-24 (61.8% Fibonacci retracement of 1.5599 ...
August 31, 2010 at 4:51 am • read more
Although aussie has retreated after yesterday's rise to 0.9032, below support area at 0.8830-46 is needed to signal the rebound from 0.8770 is over and bring another fall to this level, otherwise, further choppy trading is in store and ...
August 31, 2010 at 10:59 am • read more
The greenback has fallen again after minor consolidation, suggesting recent downtrend remains in progress and test of previous support at 1.0130 is underway, below would extend towards 1.0100, however, close term oversold condition ...
August 31, 2010 at 10:53 am • read more
Although intra-day breach of 1.5373 support confirms early decline from 1.5999 top has resumed, as price has recovered from 1.5362, minor consolidation would be seen and over the Tenkan-Sen (now at 1.5408) would bring retracement to ...
August 30, 2010 at 9:44 pm • read more
If at this level some major bearish candles formations are spotted we may have a valid sell signal. Target will be at 105.93. Bring your cease to break even once you reach 106.90. AUD/USD: Our analysis was right on this pair too which ...
August 30, 2010 at 10:50 am • read more
Dollar's intra-day selloff after faltering below previous resistance at 85.92 suggests the rebound from 83.58 (15-year low) has ended at 85.91 and consolidation with downside bias remains for retracement to 84.47-49 (current level of ...