Short-Term Forex Technical Outlook: NZD/JPY (Daily FX via Yahoo! Finance)
February 13, 2009
The New Zealand dollar bounced back this week to reach a high of 49.9150 against the Japanese yen after falling to an eight-year low in the previous week, but as risk trends continue to dictate price action in the foreign exchange market, the commodity bloc is likely to remain on the defensive against the low-yielding currency.
M3 Harmonized Index of Consumer Prices
February 8, 2009
I’ve rcently learned that the M3 Harmonized Index of Consumer Prices is one of the most important indicators in determining the sentiment in trading of the EURO because Germany represents over 30 percent of the whole of Europe GDP. The HICP is basically an leading indicator of inflation and price stability for the ECB. The euro area HICP is a weighted average of price indices of nations who use the euro. Based on this, the main function of the ECB is to maintain price stability which is defined as keeping the HICP below but close to 2% over any given period of time.
Diversified Trading Strategies Seminar
February 4, 2009
Diversified Trading Strategies is pleased to announce an upcoming Forex trading seminar taught by veteran “Turtle Trader,” Russell Sands. This one-day seminar will be held at the Solamar Hotel in San Diego, California, on Saturday, March 14, 2009.
The Market Is Prepared, But Will The BoE And ECB Still Force Breakouts? (Forex Video) (Daily FX)
February 4, 2009
DailyFX provides the latest financial news that applies to the currency trading industry. Get constant updates, free forex charts, forex trading quotes and live currency pair pricing.
Forex Expert: Nonfarm Payroll Job Loss Will Be 522,000
February 4, 2009
A forex expert estimates that Friday’s Nonfarm Payroll report will record a much better than expected job loss — and recommends that traders consider selling the U.S. Dollar and Japanese Yen, if the estimate is correct.
