ForexGen Latest News

Trials Open For 9 Over China Tainted Milk Scandal

Tue, 30 Dec 2008 00:26:41 GMT

9 defendants go on trial in China over tainted milk scandal amid moves to compensate victims Nine people went on trial Monday in connection with China's tainted milk scandal, state media reported, following the announcement of steps to compensate the families of hundreds of thousands of children harmed by contaminated infant formula.The tainted formula gave babies painful kidney stones and news... [read more]

Forex Sentiment Accurately Forecasted Massive Swiss Franc Rally

Mon, 29 Dec 2008 00:09:15 GMT

USD/CHF Ratio: 1.10 Trading Forecast: Bearish USDCHF – The ratio of long to short positions in the USDCHF stands at 1.10 as nearly 52% of traders are long. Yesterday, the ratio was at 1.10 as 52% of open positions were long. In detail, long positions are 41.9% higher than yesterday and 16.7% stronger since last week. Short positions are 40.9% higher than yesterday and 54.6% weaker... [read more]

Unrealized And Realized Profit And Loss

Fri, 26 Dec 2008 02:05:50 GMT

Most online forex brokers provide real-time mark-to-market calculations showing your margin balance. Mark-to-market is the calculation that shows your unrealized P&L based on where you could close your open positions in the market at that instant. Depending on your broker’s trading platform, if you’re long, the calculation will typically be based on where you could sell at that moment... [read more]

Forex Traders Look Past Empty Euro Calendar to US Durable Goods Data

Thu, 25 Dec 2008 00:37:38 GMT

Forex markets were quiet in Asian trading, with the Euro was confined to a narrow, 70-pip range below the 1.3980 level. There is no data scheduled for release in European trading hours, but US Durable Goods Orders data could spark volatility, amplified by illiquid markets ahead of the Christmas holiday. Overnight, the BSI Survey showed that sentiment in Japan’s manufacturing sector hit a... [read more]

U.K Housing Weaken Further, Lowing Growth Prospect for the New Year

Tue, 23 Dec 2008 21:06:26 GMT

U.K. November BBA mortgage approvals hit just 17.8k compared to revised 20.8K in October, resulting in a 61% decline from a year earlier. Weakening demands paired with the downturn in the financial market has certainly take a toll on Europe’s second largest economy, and conditions may only get worse in 2009 as the economy heads into a recession.Fundamental Headlines • CIT to Convert Into... [read more]

Euro Up Against The Dollar at $1.4057

Mon, 22 Dec 2008 23:44:55 GMT

Euro up against the dollar at $1.4057 on strong German consumer news The euro recovered some ground against the dollar Monday after a German survey showed consumer confidence is stabilizing in the European Union's largest economy.The 15-nation currency bought $1.4057, up from the $1.3887 it had plummeted to late Friday in New York. That followed a volatile week that saw the euro reach its... [read more]

Stock Investors Hope Santa Touches Down

Sun, 21 Dec 2008 22:29:00 GMT

Investors could do their holiday shopping on Wall Street this week as bargain-basement prices for stocks and optimism over efforts to fight the year-long recession may prompt a year-end rally.But not even a Santa Claus rally to end the year can rescue 2008 from going into the books as the worst for stocks since the Great Depression, thanks to the body blow delivered by the housing market slump,... [read more]

A look at Economic Developments Around The World

Thu, 18 Dec 2008 23:44:25 GMT

A look at economic developments, activity in stock markets around the world Thursday A look at economic developments and stock-market activity around the world Thursday:TOKYO -- The yen weakened slightly against the dollar after a dramatic surge in recent days, as Japan warned of possible intervention in the foreign exchange market and ahead of an expected rate cut by the country's central bank... [read more]

Just What Goes Into Making A Successful Forex Trader?

Thu, 18 Dec 2008 01:44:34 GMT

Forex trading is the largest financial market in the world. The last twenty years the Forex market boomed to incredible heights. The rising amount of internet users supported the development of the Forex market. Forex is an abbreviation of Foreign Exchanges. Forex is often abbreviated as Fx. Forex trading is fun and with a little practice, perception and experience trading Forex can be very... [read more]

Euro Rises On Dollar to $1.3706

Tue, 16 Dec 2008 23:46:06 GMT

The euro rose against the dollar Tuesday as investors awaited a decision on interest rates at the U.S. Federal Reserve's last meeting of the year.The 15-nation euro rose to $1.3706 in European morning trading, up from $1.3665 in late New York trading Monday.The Fed is expected to cut a key interest rate -- perhaps to an all-time low -- in a desperate bid to stem the U.S's economic slide.With the... [read more]