DailyFX Forum - Blog Entries

A review of the latest development in social forex

Posted 11-19-2009 at 10:35 AM by Yohay

Currensee, the social site for forex traders, launches today their Marketplace, where traders can purchase premium forex services in a unique “bucks” system. Here’s a review of the Marketplace, with special offers inside.

Currensee Marketplace. Click to enlarge.

This launch, about a month after Currensee opened its gates to the public, is one of Currensee’s important ways to make money. Currensee’s site is free to use, and has many benefits, including the social indicators. The very few advertisements aren’t enough.

So, the Marketplace is a big step forward to make money. I didn’t think that such...

Yohay

Forex Crunch

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News in 60 Seconds: NZD falls after Labour Party no longer backs central bank policy

Posted 11-19-2009 at 10:13 AM by Sean Hyman (News in 60 Seconds)

Biggest % gainers: USD/CAD up 1.14%, AUD/NZD, USD/CHF, EUR/CAD, EUR/CHF ...so USD strength and some CHF weakness.

Biggest % losers: NZD/USD down 2.23%, AUD/JPY, CHF/JPY, GBP/JPY ...huge NZD weakness, strong JPY strength

Why the huge NZD weakness? The Labour Party in New Zealand no longer supports the primary objective of their central bank, which is to fight inflation. They want "price stability" as well now.

So this political clash with the central bank is the reason the NZD is tanking: http://www.bloomberg.com/apps/news?p...d=aBsTY4j7BbNo

Reason for CHF weakness: http://www.bloomberg.com/apps/news?p...d=aa42ALFyep8c
...

Tags: commodities, currency, dailyfx, dailyfx forum moderator, dollar, forex, fxcm, geithner, gold, kiwi, labour party, new zealand, nzd, oil, sean hyman, unemployment claims

Sean Hyman

DailyFX Power Course Instructor

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Forexpros.com Daily Analysis - 19/11/2009

Posted 11-19-2009 at 05:18 AM by Forexpros

Forexpros Daily Analysis Nov. 19, 2009

Free webinar - Beyond the Forex Chart: Inter-Market Analysis

Expert: Mark Dela Paz
When: Tue, Nov 24, 2009, 11:00 EST

Have you ever wondered why the dollar drops when gold and oil prices are up, or the Yen crosses rally when the stock markets are on a run. Join Mark de la Paz of FXinstructor in his latest module for the ‘Forex 101’ series, as we examine the fundamental reasons behind inter-market correlations and learn how to use technical analysis to take advantage of these market relationships.

Course Objective:
1)Develop both a quantitative and qualitative understanding of inter-market correlations.
2)Understand...

Forexpros

Special Guest Trader

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Daily Outlook for November 19th

Posted 11-19-2009 at 03:01 AM by Yohay

Currencies continue to trade in narrow ranges. Today, British retail sales and American unemployment claims stand out. Let’s see what’s up for today.

In Australia, Guy Debelle, the RBA Assistant Governor, will be making a public appearance, and might give some more hints about the upcoming rate decision in December. Also note the RBA Monthly Bulletin.

For more on the Aussie, read the AUD/USD forecast.

Swiss Trade Balance is predicted to enjoy a growing surplus. USD/CHF is still above parity.

British Retail Sales are predicted to grow by 0.6% after disappointing and remaining unchanged last month. At the same time, Public Sector Net Borrowing is expected to drop to less than half of last...

Yohay

Forex Crunch

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