Forex Economic Indicators for the US - Week of 2/3/08

Forex Economic Indicators for the US Economy for the week of February 3, 2008 are listed below:

Date	Time*	Description	Forecast	Previous
2/4/2008	12:30	Challenger Job Cuts YoY	n/a	-18.70%
2/4/2008	15:00	Factory Orders	0.80%	1.50%
2/5/2008	15:00	ISM Non-Manf. Business	53	53.9
2/5/2008	22:00	ABC Consumer Confidence	n/a	n/a
2/6/2008	13:30	Nonfarm Productivity	2.00%	6.30%
2/7/2008	13:30	Continuing Claims	n/a	n/a
2/7/2008	15:00	Pending Home Sales MoM	-0.50%	-2.60%
2/7/2008	18:30	ICSC Chain Store Sales YoY	n/a	0.90%
2/7/2008	20:00	Consumer Credit	$8.0B	$15.4B
2/8/2008	15:00	Wholesale Inventories	0.003	0.60%

* Times listed are GMT


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, trading systems.

For weekly economic indicators for other country's currencies, consult this Forex Calendar.

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

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!

Fibonacci and Forex

In recent years there has been a lot of interest in using mathematical tools such as the Fibonacci series in order improve forex trading results. Many currency traders have extolled the wonders and marvels of Fibonacci. But what is fibonacci? How can it work for you in your forex trading system?

Instead of rewriting various texts in this introductory blog about the Fibonacci series, I've decided instead to share a few of my favorite links regarding fibonacci. They provide a great introduction and give examples of how you can improve your forex trading accuracy by using tools that analyze trends.

Mini-tutorial on using Fibonacci for Forex : http://www.forexfibonacci.com

Fibonacci Calculator :

http://www.forextradingessentials.com/currency/forex-market-resources/forex-trading-tools/fibonacci-calculator.html

All things Fibonacci: http://www.mcs.surrey.ac.uk/Personal/R.Knott/Fibonacci


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, trading systems.


Technorati tags : fibonacci, 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, fibonnacci


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

The Rebounding Dollar

The US Dollar is not dead yet! During early European trading sessions, the US Dollar rebounded to a two-month high against the Euro. Furthermore, the Asian currencies have shown marked losses. This year-end rally of the dollar shows amazing strength and resiliency of the US economy. As forex traders, we all know the volatility of the foreign exchange market. The need to lock in profit and announcements of key economic indicators could provide additional boosts for the dollar in the week ahead. Stay tuned to the forex trading digest as we ride the forex wave into the new year.


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, 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!

USD - October's Profit Opportunity for Forex Traders

Yesterday's Fed announcement to cut the federal funds rate a quarter point created a terrific profit opportunity for Forex traders shorting the US dollar. The US dollar continues to fall to records lows against all of the major world currencies.

What was the impact of the news? The British pound was trading at 2.0785 before the news and soared to 2.0821 after the announcement. The euro was trading at 1.4459 before the news and then peaked to 1.4504 just after the announcement. The dollar dropped to a 23-year low against the Australian dollar and to a 40-year low against the Canadian dollar. Across all of these currencies, there continued to be major movement throughout Wednesday. Commodity linked currencies rose in parallel with gold and oil and were further supported by the Fed's action. For forex currency traders, all of this represented major pip movement. All of the USD related currency pairs provided profit opportunity if you traded it accordingly.

If you read our last blog, then you were positioned to profit and make money from this announcement. Based on the Fed's announcements additional opportunities still exist on trading the dollar for the remainder of the year as the financial markets adjust.

For more information about forex for novice to advanced 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 Trend - US Dollar at Historic Lows

The US dollar continues to trade at historic lows as compared to other currencies. This is in sharp contrast to the broader stock and commodities markets. The record high price of oil per barrel affects the dollar as well. The Fed decision this Wednesday may have a huge impact on how the dollar performs for the remainder of the year. Forex traders can benefit from this knowledge by planning their trades accordingly. Wednesday should serve as a big news days for currency traders trading the US Dollar. For those paper trading, be sure to make note of the impact of a news announcement like this on all of the majors and USD currency pairs. While most of the news' impact has already been built into the price, this remains one to watch. As always, use this knowledge to learn, make money and profit.

For more information about forex for novice to advanced 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