The British Pound (GBP) is the currency that is used for trading in the British pound market. It is the main international currency that trades in the futures and options markets. Due to its value and the fact that it is the largest international currency by far, the GBP is usually not taken lightly when …
Is the EUR/USD Rallying? Recent Strong Currency Trades in Europe and the US have gained the attention of traders from around the world. As I type this, it is trading at an all time high and once again rising. What is driving the EUR/USD Rallying? A look back to the past reveals that the EU …
The high oil prices have hit one-month highs at this point in time. This is due to the recession and what it has done to the economy. But, once the economy recovers and prices start to rise again, expect them to begin a slow climb up. Since we are well into a period of economic …
Prices for crude oil and gasoline in the United States are expected to edge lower in the coming months. There are a number of factors that contribute to this long-term trend. The first reason is that long-term economic data seems to be suggesting that the U.S. inventory count is moving higher. In recent months, monthly …
Mexico has recently announced that it will impose a 55% tax on imports from the United States as retaliation for the US government’s new tariffs on imported goods. But while this is happening, the United States dollar remains steady against the Mexican peso. This is a “win-win” situation for the US and Mexico because the …
When I was recently asked, “What currency pairs are doing well at the moment in Europe and is it the US Dollar or the Euro?” I gave a very short and non-committal answer, so let me expand on it. I’ll offer a few brief observations to help explain the dynamics of foreign exchange, especially the …
I want to talk about the things that you can expect from forex and what excess meaning can do to help you get into forms more easily. The reason I am going to give you this specific explanation is because there is a lot of mystery in forex trading. If you’re new to it and …
We’ve been discussing many of the main issues related to our economy, but how do politics and central banks impact FX markets? These are often just not thought about during these discussions. However, a careful examination will help determine if there is a big impact on today’s economy. If you’ve noticed a difference, be sure …
I believe the Stock Market Forecast: Recession Likely Unavoidable Amid Virus Fallout is a “New Normal” forecast of what is in store for Wall Street. In my analysis, there are many ways to approach these numbers, and the fundamental stock market news on the world stock markets will come out throughout this upcoming season. In …
Following the failed attempt of launching a stock market to test the 2020 high on Tuesday, October 25th, many investors are now watching the USD/CAD as the next important “turning point” in the unfolding stock market trading story. It is critical to know when it is time to trade for and against the US Dollar. …