tag:blogger.com,1999:blog-17932309216587003102011-09-20T23:44:31.637+07:00Success in trading requires dedication, persistence, and a never-ending desire to excelErly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.comBlogger281100tag:blogger.com,1999:blog-1793230921658700310.post-83526056721634039042008-12-16T22:02:00.000+07:002008-12-16T22:03:47.882+07:00

by Korman TamThe dollar sold off sharply at the start of the week, plunging from 1.3349 to 1.3702 against the euro – its lowest level in two months and falling just shy of the 1.54-handle versus the sterling. US economic data released earlier in the session were largely in line with consensus estimates. The December NY Fed manufacturing survey was slightly better than expected at -25.76 from -

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com1tag:blogger.com,1999:blog-1793230921658700310.post-84879317252186098862008-12-15T21:49:00.000+07:002008-12-15T21:52:55.698+07:00

EURUSD – This pair broke its 6 weeks trading range to the upside, and has now clearly closed above that range.If the fundamentals will continue to support the upside, it might head to test 1.3690 in the next week or two. However the next resistance area is around 1.3500, any trouble advancing above this area might bring the current up move to a temporary halt, or even reverse direction. We can

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com3tag:blogger.com,1999:blog-1793230921658700310.post-27545244474698034562008-12-13T22:41:00.001+07:002008-12-13T22:46:02.200+07:00

by Korman TamThe dollar plunged in Thursday trading, falling to its lowest level in nearly 2-months against the euro at 1.3405 and yen at 91.15. Prompting the steep sell-off in the greenback was a set of dismal US economic reports – which included weekly jobless claims and the trade balance figure. The weekly jobless claims report unexpectedly surged to its highest level in 26-years at 573k,

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-52310881887901697402008-12-12T01:02:00.000+07:002008-12-12T01:05:38.850+07:00

Dec. 11 (Bloomberg) -- The dollar fell to a six-week low against the euro and yen as the cost of borrowing in the U.S. currency tumbled, indicating less demand for year-end funding. The greenback also dropped as the U.S. trade deficit unexpectedly widened and European Central Bank Executive Board member Juergen Stark signaled policy makers are reluctant to keep cutting interest rates aggressively

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-20587863192846258012008-12-11T22:32:00.000+07:002008-12-11T22:33:32.887+07:00

The EURUSD is back to trade above the important psychological level 1.3.This is a clear breach of its long range trading since October 21.The pair is now on its way to test the resistance at 1.3290. This level is the final boundary of the current trading rage.Two main reasons for the Euro’s strength against the dollar.First, European Central Bank Executive Board member Juergen Stark said late on

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-55089711800380941272008-12-10T19:19:00.003+07:002008-12-10T19:21:13.702+07:00

The Central Bank of Canada cut the interest rate on the Canadian dollar by 0.75% to a 50-year low(from 2.25% to 1.5%). The bank acted more aggressively than anticipated, most of the market participantswhere expecting a 0.5% cut.This is just another aggressive action in a recent chain of aggressive actions by central banks (the ECB and the BOE last week). All in hope a strong stand could put an

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-89380125838801488032008-12-10T00:06:00.001+07:002008-12-10T00:13:40.400+07:00

By Norma Cohen Published: December 9 2008 10:27 | Last updated: December 9 2008 11:56Fresh concerns about the speed of the downturn in the UK economy were raised on Tuesday after figures showed industrial output fell at its fastest rate for nearly six years.Industrial output fell by 1.8 per cent in the three months to the end of October compared with the previous three months, with manufacturing

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-52973698519893757672008-12-09T23:46:00.001+07:002008-12-09T23:49:48.728+07:00

By Esther Bintliff Published: December 9 2008 11:50 | Last updated: December 9 2008 15:10Sterling slumped against the dollar and the yen on Tuesday, punished by a fresh onslaught of grim economic data that further exposed the depth and severity of the UK recession. October industrial output data revealed that UK production dived by a far worse-than-expected 1.7 per cent month-on-month, increasing

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-23716870780451352702008-12-09T18:29:00.000+07:002008-12-09T18:32:35.943+07:00

EURUSD- currently is trading in a range since October 21.Global recession, panic and fears have pushed this pair from 1.6 to 1.23 in 14 weeks. A 3700 pips move straight down.However the market is refusing to push it further or allow EURUSD to give us an appropriate correction to the upside so far. Instead we are lucked in a range for the last 6 week, starching mainly from 1.2400 to

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-32463870825686581012008-12-07T19:43:00.003+07:002008-12-07T19:49:09.954+07:00

Written by Ilya Spivak, Currency AnalystFundamental Outlook for Japanese Yen: Bearish - USD/JPY, Dow Jones Correlation Near 20-Year High - Japanese Vehicle Sales Lowest Since at Least 1980 - Yen to Retrace Recent Gains against the Euro The Japanese Yen could reverse recent gains next week as seasonal capital flows create the perception of a boost to risk appetite. Last week, we suggested that

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-55709882901004810732008-12-07T19:17:00.007+07:002008-12-07T19:41:55.265+07:00

Written by John Kicklighter, Currency StrategistFundamental Outlook for US Dollar: Bullish- US marks the biggest drop in payrolls since 1974 - NBER confirms the domestic economy has been in a recession since December 2007- Record lows for manufacturing and service sector activity last month point to a deepening recessionIt’s difficult to assign the US dollar a bullish fundamental bias

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-75020080943425604472008-12-07T14:23:00.001+07:002008-12-07T14:25:52.161+07:00

By Demetri Sevastopulo Published: December 5 2008 17:43 | Last updated: December 5 2008 17:43Robert Gates, the US defence secretary, wants the Pentagon to put more emphasis on preparing for counter-insurgency and stability operations rather than its traditional preoccupation with large wars and expensive weapons systems.In an essay to be published in the Foreign Affairs journal, Mr Gates, who

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-20013328299418705382008-12-07T14:16:00.001+07:002008-12-07T14:21:04.492+07:00

BERLIN, Dec 5 - German manufacturing orders plunged in October after a record decline the previous month, pointing to a deepening recession in Europe’s biggest economy. Orders fell 6.1 per cent in October, led by a sharp downturn in demand from Germany’s euro zone trading partners, preliminary economy ministry data showed on Friday. Economists had forecast a rise of 0.4 per cent in a Reuters

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-38323521698949845002008-12-07T02:46:00.001+07:002008-12-07T02:49:41.329+07:00

The European Central Bank, the Bank of England, the Bank of Sweden and the Bank Of New Zealand have all aggressively slashed their borrowing cost, as an attempt to support the global economyThe ECB has slashed interest rates by 0.75% today ,more than the 0.5% which was expected by most market participants.However, the EURUSD did not react as expected, and is actually maintaining strength

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-90992870996518510742008-12-07T02:36:00.002+07:002008-12-07T02:39:18.007+07:00

Fri, Dec 5 2008, 12:55 GMTby Wachovia Research TeamWachoviaTraders' reluctance to take large positions ahead of a major US employment report resulted in the dollar remaining relatively unchanged yesterday against a basket of major currencies. The euro strengthened against the US dollar as investors bought the currency following the European Central Bank's (ECB) rate cut. Investors praised the ECB

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-17036637108197081052008-12-07T02:26:00.002+07:002008-12-07T02:30:29.292+07:00

Fri, Dec 5 2008, 15:39 GMTby HVB Group Global Markets ResearchHVB Group● Concern. The US recession has only just been officially confirmed, but the next poltergeist is already stalking media & markets – deflation! Investors’ inflation expectations have, at any rate, plummeted, and are currently hovering around the zero line (cf. chart below). ● Facts. Our analysis reveals, however, that the

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-3937142847154614982008-11-30T23:51:00.002+07:002008-11-30T23:53:57.915+07:00

By: Cynthia MacyThe three major forex trading 'sessions' are as follows (all in Eastern Standard Time): 1. New York open 7:00 AM to 4:00 PM 2. Japanese/Australian open 7:00 PM to 3:00 AM 3. London open 3:00 AM to 11:00 AM ** Often, the best times to trade is at the beginning 3-5 hours of the above mentioned opening times, because the major currency pairs tend to move the most in a particular

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-35275952605543967542008-11-29T19:32:00.000+07:002008-11-29T19:33:07.576+07:00

The European Union has unveiled an economic stimulus package to match the US, as the two economies continue to mirror each other's strategies for fighting the credit crisis. Given the evident lack of effectiveness of the US plan, it is no surprise that analysts reacted pessimistically to the policy proposal. At this point, investors and consumers alike appear resigned to the inevitability of

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-83024408271736291752008-11-29T19:30:00.000+07:002008-11-29T19:31:26.401+07:00

The Treasury Department's most recent attempt to stabilize credit markets involves an injection of $800 Billion into the banking sector. According to one estimate, the total amount of Federal money committed so far (in the form of investments, guarantees, and loans) now exceeds $7 Trillion, and shows no signs of abating. In theory, the possibility exists that such investments could prove

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-30304186196806352932008-11-29T19:27:00.000+07:002008-11-29T19:29:44.368+07:00

Having endured years of abuse from free-market advocates and the International Monetary Fund, fixed exchange rate regimes are officially back in vogue. This is because the sole currencies not to have been affected by the recent surge in forex volatility are those that are pegged to the US Dollar, namely the Chinese Yuan and Hong Kong Dollar. Both countries have stood by calmly as other emerging

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-67161662661040968202008-11-27T22:55:00.000+07:002008-11-27T22:56:28.044+07:00

by: Ricky LimOver recent years online Forex trading has now become big business and certainly in the financial sector this is the biggest market of all in the world. The reason why this market has grown compared to the many other financial markets is because of the rise in the number of traders working online rather than using the more traditional method of trading by using the phone. Because of

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-50655664036703694752008-11-26T21:48:00.000+07:002008-11-26T21:49:38.076+07:00

by: Gerald Njuguna You have decided to be a trader in the forex market, and you have no idea on how to begin. Let's first start by defining what the forex market is and what it does. The term "forex", also known as the foreign exchange is a market for the sale and purchase of all kinds of currencies. It originated in the early 1970's when floating currencies and free exchange rates were first

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-59423665693851890232008-11-26T21:42:00.000+07:002008-11-26T21:44:13.499+07:00

by: Bret Freak There are so many different trading systems you could use to trade the forex market, some better suited to certain people than others. For example some people may find it easier to comprehend and take into account fundamental factors as opposed to looking at a screen covered in technical indicators, and vice-versa. The first logical step in determining what type of trading system

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-59576837585307656842008-11-26T21:39:00.000+07:002008-11-26T21:41:30.804+07:00

by: Andrew Daigle Before jumping into the forex market, you need to arm yourself with some terminology that will be used in any course or software on this subject. The following set of terms were put together with the idea of providing the novice forex trader with the fundamental concepts of the forex trading business. While they sound technical, most are easy to understand and apply. Let us

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-91020333507555197682008-11-26T21:36:00.000+07:002008-11-26T21:38:24.578+07:00

by: Gregory DeVictor Forex is an abbreviated name for "foreign exchange." The Forex market is a non-stop cash market where the currencies of nations are bought and sold, typically via brokers. For example, you buy Euros, paying with U.S. Dollars, or you sell Euros for Japanese Yen. The value of your Forex investment increases or decreases because of changes in the currency exchange rate or Forex

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-64832903776188534482008-11-26T21:33:00.000+07:002008-11-26T21:35:22.100+07:00

by: Andrew Daigle While the market is swamped with websites and books offering advice on the ‘best' and ‘newest' forex currency trading systems, it is important to do a thorough check of the system to ensure that it really works. There are a large number of such forex trading systems that are completely fraudulent or simply do not work, and have been created with the sole intention of making a

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-35735793545719196732008-11-26T21:30:00.000+07:002008-11-26T21:32:31.896+07:00

by: Susan Walker My purpose for writing this article is to demonstrate to you the advantages of trading on the FOREX market. However, there is one myth that I want to dispel before I go further. The myth is that there is a difference between trading and investing. To dispel that myth I quote from Al Thomas, President of Williamsburg Investment Company, who wrote “If It Doesn’t Go Up, Don’t Buy It

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0tag:blogger.com,1999:blog-1793230921658700310.post-43693482262331065492008-11-26T20:42:00.000+07:002008-11-26T20:44:19.064+07:00

by: Adrian Pablo Everyday more and more people looking for a work at home opportunity and the possibility of braking free from the corporate world without losing their current lifestyle and even improving it, realize that the world of forex currency trading could be the answer to what they have been looking for. Some of the great reasons why FOREX trading is such a great way of entering the

Erly Irwinhttp://www.blogger.com/profile/07072875477644702106noreply@blogger.com0