New York and Canada for May 12 2009

Good morning my fellow traders! Check out the news for this morning!!! US NEWS: Trade balance is down, but not as bad as the consensus expected it to be. A total deficit of 27.6 Billion. Federal Open Market Committee member Dennis Lockhart reminded us that although things are starting to improve, do not start thinking [...]

London and Europe for May 12 2009

PREVIOUS EVENTS: Home loans in Australia have increased to 4.9% over a paltry 1.2% from last month. This is even over the 4.5% forecast. Ok so the economy is not messing everybody’s credit up! Ok, I spose. Japan is getting their news on Leading Indicators very shortly. LONDON CALENDAR (IN GMT): 8:30 – Trade Balance, [...]

Ten Fundamental Terms in Trading Currencies and Understanding

Brought to you by Forex Magic Machine Top Ten Basic Terms in Forex Trading and Their Definitions Forex refers to the foreign currency exchange market, the world’s largest financial trading market. Some terms that help a person understand Forex trading include: Bid – to buy Ask – to sell Liquidity – financial ease of transaction, [...]