Sunday, May 18, 2008

Confidence Slumps to 28-year Low

The dollar slumped against the majors on Friday, falling to 1.56-versus the euro and 103.54 against the yen. The catalyst for the greenback's losses was a dismal report on US consumer confidence, highlighting the current bleak economic outlook. The University of Michigan survey of consumer confidence fell to its lowest...




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Yahoo Currency Converters - Tips to Using

What is great about Yahoo is that it is not only search engine, but also an informational portal. One of the features Yahoo is offering is Yahoo Currency Converters. (...)




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University of Michigan Consumer Sentiment Index

The University of Michigan consumer sentiment index dropped to 59.5 in early May, its lowest level since 1980, from 62.6 in April. The decline was below market expectations calling for a dip to 62.0. Surging food and fuel prices depressed confidence in early May. The current conditions component declined...




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Is it possible to forecast future Forex movements?

I often hear traders claim that it is impossible to forecast price movement. I can categorically claim that it is possible, and have considerable success and good accuracy in the process utilizing technical analysis in 100% of my forecasting. Economists of course laugh at the idea that there can be...




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Elliott Wave and Fibonacci Predictions

Traders, this market is really boring for the whole week now... so what to say about that... thanks for the weekend!!! You now, I just can't imagine my day without looking on EUR/USD charts, it's a really tricky ... .However, I am very happy for the next week to come,...



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Forex Day Trading Course - How to Succeed in Day Trading

The largest financial market is Forex trading. Day or night - the trade goes on. It offers a lot of opportunities. Why not join the day traders if you think you can do it. (...)




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