ForexGen News

Hydro Power Shows Signs of Comeback

Tue, 30 Dec 2008 00:12:53 GMT

Hydro power shows signs of comeback amid demand for green power America's search for cleaner electricity has developers studying dozens of government flood-control dams from North Carolina to Oregon to see if it makes financial sense to retrofit them with hydroelectric turbines.The studies are part of a broader trend that has developers looking at everything from millpond dams in New England to... [read more]

British Pound Outlook Bearish Against Downtrodden US Dollar

Sun, 28 Dec 2008 23:51:44 GMT

GBP/USD ratio: 1.64 Trading Forecast: Bearish GBPUSD –The ratio of long to short positions in the GBPUSD stands at 1.64 as nearly 62% of traders are long. Yesterday, the ratio was at 1.35 as 57% of open positions were long. In detail, long positions are 18.0% higher than yesterday and 25.7% stronger since last week. Short positions are 2.5% lower than yesterday and 49.9% weaker... [read more]

Margin Balances And Liquidations

Fri, 26 Dec 2008 01:43:09 GMT

When you open an online currency trading account, you’ll need to pony up cash as collateral to support the margin requirements established by your broker. That initial margin deposit becomes your opening margin balance and is the basis on which all your subsequent trades are collateralized. Unlike futures markets or margin-based equity trading, online forex brokerages do not issue margin... [read more]

Euro Push Higher Ahead of U.S. Durable Goods Orders

Thu, 25 Dec 2008 00:00:45 GMT

Despite an empty economic calendar, the Euro pushed higher against the greenback to reach a high of 1.39898 during the overnight session, and may continue to push higher over the U.S. session as market participants place their bets ahead of the durable goods orders report. Talking Points • Japanese Yen: Pares Yesterday’s Loss to Hold at 90.25 • Pound: Holds Tight Range • Euro: Tests... [read more]

British Pound Falls Further as Growth Figures Disappoint

Tue, 23 Dec 2008 21:56:42 GMT

The British pound fell for the fifth consecutive session to cross below 1.4800 as the final GDP reading for the third quarter was revised down to -0.6% from an initial reading of -0.5%. Deteriorating fundamentals paired with mounting growth fears have certainly taken a toll on Cable. • Japanese Yen: Holds 90.00 • Pound: GDP Contracts 0.6% in 3Q, GBPUSD Slips Below 1.4800 • Euro: Pares... [read more]

A look at Economic Developments Around The World

Tue, 23 Dec 2008 00:36:13 GMT

A look at economic developments, activity in stock markets around the world Monday A look at economic developments and stock-market activity around the world Monday: TOKYO -- Toyota Motor Corp. slashed its earnings forecast, projecting that it would report its first annual operating loss for the fiscal year through March -- its first such loss since it began reporting results in... [read more]

Japan Unveils Economic Aid, Belgian Government Falls

Mon, 22 Dec 2008 01:26:14 GMT

Japan, Germany and Canada pledged new measures on Saturday to confront a financial crisis that has toppled banks, endangered the global auto industry and now played a part in the demise of Belgium's government.Tokyo joined governments worldwide in pledging hundreds of billions of dollars of fiscal stimulus to lessen the impact of the crisis on their economies, many of which, Japan's included,... [read more]

Australian Dollar and Canadian Dollar Technical Outlook

Thu, 18 Dec 2008 22:48:06 GMT

Australian Dollar Technical OutlookThe AUDUSD has satisfied minimum bullish expectations having exceeded .7022.Still, the objective remains closer to the October 14th high / 38.2% of the decline from .9856; at .7256 (or higher). Near term, the pair could correct along with the other USD pairs. Support begins at .6859. Canadian Dollar Technical Outlook The drop below 1.2120 satisfies minimum... [read more]

Forex Trading Information

Thu, 18 Dec 2008 01:07:05 GMT

forex trading and currencies has become a popular choice for day traders with the introduction of online forex trading platforms and brokers to the internet during the 1990's. the Forex market is by far the most liquid worldwide market and is open 24 hours a day (Mon-Fri) for trading in all time-zones.Day traders tend to prefer the forex trading for online trading due to its volatile reaction... [read more]

Chart Of The Day: EUR/GBP

Tue, 16 Dec 2008 22:48:37 GMT

While we have yet to see the pullback off of the high for our buying opportunity, the EUR/GBP may be in one of the stronger trends right now.The USD is not as strong as it was a couple of weeks ago which means we should look elsewhere for our next trade. This daily trend is still up, so look for pullbacks down to support on the 4-hour chart. At that time, you can use your favorite technical indicator... [read more]