|  | Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading. Foreign Exchange Rates | Choosing to invest in a global economy | |
Investing across financial borders. | |
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| | August 08, 2008 | | Loonie lowest in a year in forex trading | The loonie has fallen to its lowest level in nearly a year in forex trading on the currency market. The Canadian dollar is falling in currency trading as it appears that the troubles that have been plaguing the US economy are finally catching up to Canada.
The latest big of economic data to impact the loonie in FX trading on the currency market is the unemployment rate. Apparently the Canadian economy has shed more jobs, and this is a sign of continued slowdown.
And with oil prices falling, the worries over Canada's economy only mount.
| Topic Tags: Canadian dollar currency trading, forex trading currency market, FX trading currency market, loonie forex trading, loonie FX trading, unemployment rate, US economy | |
| | August 07, 2008 | | Sterling falls against euro in forex trading | Both the Bank of England and the European Central Bank are keeping interest rates on hold for now. Despite slowing economies in Britain and in the eurozone, central banks on the other side of the Atlantic remain focused on inflation.
The move continues a delicate dance (similar to the one done by the Federal Reserve in the US) in which central bank officials try to balance the opposing forces of economic slowdown with increased inflation. The hope is that by keeping interest rates the same, inflation will peter out in the coming months, while the economy is not hurt too much.
Cutting interest rates often fuels inflation along with economic growth. Boosting interest rates is a way to limit inflation. When an economic slowdown is combined with inflation, it makes what to do with interest rates a difficult decision.
| Topic Tags: BOE rates, ECB rates, euro forex trading, forex trading, inflation, interest rates, sterling forex trading, US Federal Reserve | |
| | August 06, 2008 | | Currency trading with the euro | The euro is dropping in forex trading on the currency market, moving below 1.550 versus the US dollar. Currency trading with the euro should consider that the eurozone economy is slowing, with data showing that consumption is decreasing.
Another issue helping the US dollar against the euro in FX trading is the fact that yesterday's Fed rate decision helped bring inflation worries into greater focus, with one member of the board actually voting to increase rates.
| Topic Tags: currency trading euro, euro forex trading, eurozone, Fed rate decision, forex trading currency market, inflation, US dollar FX trading | |
| | August 05, 2008 | | Currency trading with the Aussie and the kiwi | Since yesterday, it has been expected that the Australian dollar would drop in forex trading on the currency market -- and it has.
After the central bank kept borrowing costs in Australian the same, the RBA governor Glenn Stevens indicated that a rate cut may be seen in the near future. This signal was not lost on traders, who began selling off the Aussie.
Down under currencies in general are dropping in FX trading, as the kiwi follows the lead of the Aussie.
| Topic Tags: Australian dollar forex trading, currencies FX trading, currency trading Aussie, currency trading kiwi, down under currencies, forex trading, forex trading currency market | |
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