ForexGen Latest News: forexgen

Canada Agrees on Conditional Auto Aid Plan

Mon, 15 Dec 2008 01:19:40 GMT

Canada agrees on conditional auto aid plan as part of larger US bailoutCanada's federal government and the province of Ontario agreed Friday to provide $3.5 billion Canadian dollars ($2.8 billion) for the Canadian auto industry.Federal Industry Minister Tony Clement said that is the equivalent of 20 percent of the $14 billion that the Bush administration is considering in emergency aid for General... [read more]

Chart of the Day: EUR/USD

Sat, 13 Dec 2008 01:13:00 GMT

I would not consider this a trend change just yet, but we have been seeing some EUR strength as of late. I would think that while the USD's recent strength was based on "flight to quality" buying interest as much as any other factor, the EUR is now seeing some of the same interest. The weaker currencies still appear to be the GBP and the CHF which are not part of the Eurozone and are falling... [read more]

British Pound Could Rise Even

Thu, 04 Dec 2008 06:18:32 GMT

British Pound Could Rise Even If the Bank of England Slashes RatesThe outlook for the British pound looks dim as the Bank of England is widely anticipated to follow up their October 8 and November 6 rate cuts with yet another aggressive reduction on Thursday morning. Currently, the markets are betting on a 100bp cut to 2.00%, which would bring the Bank Rate its lowest level since 1939. However,... [read more]

Risk Aversion Nearing an End?

Thu, 04 Dec 2008 06:07:34 GMT

Market turns occur at sentiment extremes and there is nothing more indicative of a sentiment extreme than a market story featured on a magazine cover. A few issues back, the Economist magazine cover read, "All You Need is Cash". This cover came in response to the across the board liquidation in assets / subsantial increase in value of cash (which is on the other side of every trade). The... [read more]

Trade 24 hours and make profits with ForexGen

Wed, 10 Sep 2008 05:40:59 GMT

Normal 0 false false false EN-US X-NONE AR-SA MicrosoftInternetExplorer4 ... [read more]

Why Demo Account Performance Is Better

Fri, 29 Aug 2008 04:53:02 GMT

Over the past several years, the popularity of online currency trading has grown substantially. Each day, onlineForexGen attract new investors - each of them lining up with a glint in their eye, lured in by promises of easy money. Most of these companies allow you to sign up for a free demo account which lets you place mock trades using their trading platform to get a feel for the... [read more]

System strategy | ForexGen

Mon, 25 Aug 2008 02:22:03 GMT

There are several external factors affecting Forex currency exchange. These factors include reports on trade, GDP, unemployment, international trade, manufacturing etc. The growth or decline of these factors affect a country's currency. The change is a global market, providing 24-hour market access to its players. As it is open only 5 days a week, so weekend is the period of closure. Although change... [read more]

Dollar Goes Down on Credit Market Losses|ForexGen

Fri, 22 Aug 2008 03:48:19 GMT

The U.S. dollar declined at a fastest pace in a month against the Japanese currency today as the credit market losses extended and the Federal Reserve probably won’t be able to raise the rates by the year’s end. The dollar also fell against the euro and the Great Britain pound today as the previously expected rate difference decline became not so obvious to the Forex traders. Yen’s growth against... [read more]

Euro hurt by contracting German economy | ForexGen

Fri, 22 Aug 2008 03:40:50 GMT

The euro and the pound both weakened versus the US dollar Wednesday after new data showed that the German economy contracted by 0.5 percent in the second quarter and the minutes of the latest meeting of the Bank of England showed a three-way disagreement on where interest rates should go. There were also indications in the Monetary Policy Committee’s meeting minutes that the risk of inflation could... [read more]

EUR/USD Pair Experienced a Highly Volatility | ForexGen

Fri, 22 Aug 2008 03:30:50 GMT

Yesterday the EUR/USD pair experienced a highly volatility and finished trading session with mixed results versus its major rivals. The EUR/USD bounced up and down during most of the day, finally closing at 1.4773 level, unchanged from the day prior. Overall, it lost 0.2% vs. the EUR yesterday when it declined to $1.4773 from $1.4747. The greenback may fall to $1.50 per EUR in a few days should it... [read more]