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August 08, 2008 UK Pound Forex Trading Strategy Sterling continues to drop in currency trading UK pound forex trading strategy should consider that the currency is falling rather dramatically to the US dollar right now on the FX market. The sterling is dropping in currency trading as increasingly disastrous economic data continues to roll in. Housing data has been especially damaging to the British economy in the past months. Bloomberg reports on the future for the UK pound in FX trading: ``It looks like the U.K. economic picture is going to deteriorate further and we are going to see sterling come under increasing pressure,'' said Ian Stannard, a senior currency strategist at BNP Paribas SA in London, who predicts the pound will fall to $1.85 by the end of the year. UK Pound in Forex Trading Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 Topic Tags:  British economy, forex trading strategy, pound forex strategy, sterling currency trading, UK pound forex trading, UK pound FX trading, US dollar FX market by mmarquit  |  ↑top  |  link to this August 07, 2008 Canadian Dollar Forex Trading Strategy Oil prices gain; so does the loonie in currency trading Canadian dollar forex trading strategy should consider that oil prices have a rather large influence on how well things go on the currency market. As a commodity currency, the Canadian dollar depends on its main export to help buoy the loonie in currency trading on the FX market. Since oil prices are making some gains today -- after a few days of losses, the loonie is also rising in FX trading. However, reports Bloomberg, Canadian dollar forex trading strategy should consider that the gains will likely be short lived: ``Oil is up, so Canadian dollar has responded, reversing what had been a persistent and unusual trend,'' said Eric Lascelles, chief economist at TD Securities Inc. in Toronto. ``It may hold onto its gains, but it probably will continue to be soft as commodities have probably flattened a bit and the U.S. dollar has managed to hang on, and even make some gains against Canada and other currencies.'' Loonie in Currency Trading Forex trading on the currency market http://www.gftforex.com/land/index.asp?aid=446 Topic Tags:  Canadian dollar forex trading, commodity currency, dollar forex strategy, forex trading currency market, forex trading strategy, loonie currency trading, loonie FX trading, oil prices by mmarquit  |  ↑top  |  link to this August 06, 2008 Forex Trading Strategy: Australian Dollar Down under currencies and FX trading Forex trading strategy for the Australian dollar should consider that it has closed lower again in local trading. The Aussie is slowly moving out of striking range of parity with the US dollar in currency trading. The Sydney Morning Herald reports that the the Aussie should see some gains in currency trading in the coming weeks, though: Mr Halmarick said the Australian dollar would climb back to $US0.9400 in coming weeks, and would hold above 0.9200 on Thursday if labour force data for July showed a strong level of job creation. The New Zealand dollar, on the other hand, is actually gaining in currency trading on the FX market. The kiwi made gains against the Aussie, greenback and the yen. Forex Trading with the Australian Dollar World currencies in FX trading http://www.gftforex.com/land/index.asp?aid=446 Topic Tags:  Aussie currency trading, currencies FX trading, down under currencies, forex strategy Australian dollar, forex trading Australian dollar, forex trading strategy, New Zealand dollar currency trading by mmarquit  |  ↑top  |  link to this August 05, 2008 Canadian Dollar Forex Trading Strategy Loonie continues to break down in FX trading Canadian dollar forex trading strategy should consider that commodities play a big role in performance. The loonie is dependent on commodities for its success in FX trading, especially on oil prices. With oil prices leading other commodities down, the Canadian dollar struggles in currency trading on the FX market. Indeed, since yesterday, oil prices have tumbled quite a way, and this will impact the loonie greatly in FX trading. Loonie in FX Trading Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 Topic Tags:  Canadian dollar currency trading, Canadian dollar forex trading, Canadian dollar strategy, commodities, currency trading FX market, forex trading strategy, loonie FX trading, oil prices by mmarquit  |  ↑top  |  link to this

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