Forex USD impact of Fed Rate Cut

In the Forex market, the US Dollar fell sharply against the Euro after the Fed Rate cut of the key interest rate by 50 basis points on Wednesday. This was a huge rate cut and there is widespread belief that more cuts will come. The currency market can be very sensitive to news. Forex traders should pay close attention to the major currency pairs traded against the dollar in the coming weeks.

For more information about forex trading for novice to advanced forex traders, check out Forex Trading Essentials, a website containing forex tools, forex broker info, currency charts, and trading systems. Stay informed; boost your forex trading knowledge.


Technorati tags : forex, forex trading, currency, currency trader, currency pairs, learn forex, make money, forex trading essentials, global currency exchange, trade currencies, forex broker, forex trading systems

Forex Trading for the currency trader whose only goal is to make money!

Top Forex Currency Pairs

In foreign exchange, forex traders analyze currency pairs to benefit from small movements in exchange rates between currencies. The top currency pairs traded in forex are:

1. EUR/USD - Euro/U.S. Dollar
2. GBP/USD - Great British Pound/U.S. Dollar
3. USD/CHF –- U.S. Dollar/Swiss Franc
4. USD/JPY –- U.S. Dollar/Japanese Yen
5. USD/CAD –- U.S. Dollar/Canadian Dollar
6. AUD/USD - Australian Dollar/U.S. Dollar
7. EUR/GBP - Euro/Great British Pound
8. EUR/JPY - Euro/Japanese Yen
9. EUR/CHF - Euro/Swiss Franc
10. GBP/CHF - Great British Pound/Swiss Franc
11. GBP/JPY - Great British Pound/Japanese Yen
12. CHF/JPY - Swiss Franc/Japanese Yen
13. NZD/USD - New Zealand Dollar/US Dollar
14. EUR/CAD - Euro/Canadian Dollar
15. AUD/CAD - Australian Dollar/Canadian Dollar
16. AUD/JPY - Australian Dollar/Japanese Yen
17. EUR/AUD - Euro/Australian Dollar

For more information about forex trading for novice to advanced forex traders, check out Forex Trading Essentials, a website containing forex tools, forex broker info, currency charts, and trading systems. Stay informed; boost your forex trading knowledge.


Technorati tags : forex, forex trading, currency, currency trader, currency pairs, learn forex, make money, forex trading essentials, global currency exchange, trade currencies, forex broker, forex trading systems

Forex Trading for the currency trader whose only goal is to make money!

Forex and China's Trade Surplus

The forex reserve for China rose to an incredible 1.53 trillion dollars USD in 2007. This is the largest forex reserve in the world. The forex reserve increase has resulted in an extraordinary excess of liquidity for the country which exerts tremendous pressure on the Chinese currency, the Yuan. To deal with this excess, in September of last year, the Chinese government created the CIC, the China Investment Corporate Limited, the country's first state initiated forex investment company. The mission of the CIC will be to invest in foreign financial markets and better manage and leverage the country's forex reserves. The working capital for the CIC was derived by issuing 1.55 trillion Yuan special treasury bonds, the equivalent of 200 billion USD.

China's trade surplus is credited with the year-to-year increases in its foreign exchange reserve. China's trade surplus exceeded a quarter of a trillion dollars USD in 2007. This trade surplus exists in the backdrop of a declining US Dollar and an appreciating RMB, the Renminbi. By the end of 2007, the RMB had appreciated by over 6% against the USD.

As the CIC matures, China will be the major player in the global forex trading market.

For more information about forex for novice to advanced forex traders, check out Forex Trading Essentials, a website containing forex tools, strategy, forex broker info, currency charts, trading systems.


Technorati tags : forex, forex trading, currency, currency trader, currency pairs, learn forex, make money, forex trading essentials, global currency exchange, foreign exchange, trade currencies, forex broker, forex trading systems

Forex Trading for the currency trader whose only goal is to make money!

Forex Top Ten Traded Currencies in 2007

2007 was an interesting year for the global financial markets. Forex or foreign exchange was no different. In a year where we saw unprecedented highs and unprecedented lows for currencies. Some things remained consistent.

The USD Dollar remained the most traded currency in the world in 2007. However, the Euro gained slight ground, but remains a strong second. A newcomer to third place over the past few years is the Japanese Yen. Forth place now belongs to the British Pound.

Note: The number one forex currency pair for 2007 was the EUR/USD - a currency pair consisting of the number one and number two most traded currencies in global currency exchange.

As trends and statistics are tools for forex traders, this top ten list is presented to provide additional information to use in your overall forex arsenal.

Top 10 Traded Forex Currencies in 2007

1. USD
2. EUR
3. JPY
4. GBP
5. CHF
6. CAD
7. AUD
8. SEK
9. HDK
10. NOK

For more information about forex for novice to advanced forex traders, check out Forex Trading Essentials, a website containing forex tools, forex broker info, currency charts, trading systems.


Technorati tags : forex, forex trading, currency, currency trader, currency pairs, learn forex, make money, forex trading essentials, global currency exchange, trade currencies, forex broker, forex trading systems

Forex Trading for the currency trader whose only goal is to make money!