ForexGen Guide: forexgen

US Dollar Declines May Continue as US Retail Sales

Fri, 12 Dec 2008 23:28:27 GMT

US Dollar Declines May Continue as US Retail Sales are Expected to Fall for 5th Straight MonthThe US dollar was already falling across the majors this morning when the release of US economic data at 8:30 ET suggested that the Federal Reserve will indeed cut rates aggressively next week.First, the US import price index fell by the most since record-keeping began in 1989 at a rate of 6.7 percent... [read more]

Trading methods

Thu, 11 Dec 2008 01:57:04 GMT

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Forex indicators

Thu, 11 Dec 2008 01:50:11 GMT

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Mexico Wants to Shrink Coins to Save a Few Cents

Sat, 06 Dec 2008 00:44:45 GMT

Does it feel like your money is shrinking nowadays? In some countries around the world, it really is getting smaller. Mexico, following the lead of several countries around the world, has proposed making coins smaller and using cheaper metals to keep cost low amid the financial crisis and volatile metal costs.The Mexican Senate on Thursday approved President Felipe Calderon's bill to modify the country's... [read more]

Euro Falls Slightly Against Dollar

Fri, 05 Dec 2008 00:28:00 GMT

Euro falls slightly against dollar as investors anticipate interest rate cutsBERLIN (AP) -- The 15-nation euro fell slightly against the U.S. dollar as markets anticipated rate cuts from both the European Central Bank and the Bank of England later Thursday.In morning European trading the common currency bought $1.2620, down from $1.2655 late Wednesday in New York.The British pound fell to... [read more]

Post of The Day USD/CAD

Thu, 04 Dec 2008 23:56:43 GMT

Question: Here we can see a Double Top occurring on the USD/CAD chart. The MACD indicator shows the first peak, but gets nowhere near on the second peak. This to me indicates that the trend will turn and shows a good time at which to sell. Power Course Instructor’s Response: Well done... This is a dramatic... [read more]

Serbian Currency Hits All Time Low Against Euro

Thu, 04 Dec 2008 03:05:40 GMT

Serbia's currency on Wednesday dropped to an all-time low against the euro despite repeated central bank interventions to support it on foreign exchange markets.The dinar traded down at 90.59 per euro -- from highs of 75.75 a euro on Aug. 7 -- even though the National Bank of Serbia (NBS) on Tuesday sold euro10 million ($12.7 million) on financial markets to offset the strong demand for foreign... [read more]

ADP Employment Report Shows Most Job Losses Since 1991

Thu, 04 Dec 2008 02:02:49 GMT

The ADP employment report for November showed that the private sector reduced their payrolls by 250,000 which were the most since November, 2001. Goods producing firms led by dropping 158,000 jobs as manufacturing activity has grinded to a halt. Indeed, the forecast for the Non-farm payrolls report is expected to show total job losses for the month at 325,000. However, given the private sector... [read more]

Trading the Reserve Bank of New Zealand's Rate Decision

Wed, 03 Dec 2008 05:06:44 GMT

NZD/USD: October 2008 Reserve Bank of New Zealand Rate Decision The RBNZ lowered the benchmark interest rate by 100bp to 6.50% from 7.50% – the largest reduction since the central bank began using the official cash rate in 1999. The extraordinary efforts taken on by Governor Alan Bollard suggests that economic conditions are deteriorating... [read more]

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Wed, 03 Dec 2008 03:00:29 GMT

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