Category: Forex Trading

AUD/USD & ASX 200 Forecast: Is the Australian Dollar Hurting the ASX?

The Australian dollar is under heavy pressure against the US dollar, and this makes for difficult trading conditions in both currencies. However, there is one currency that stands out as a strong investment – the Australian Dollar Index. This index is a market-based index, which represents the value of the Australian dollar against the US

Silver Forecast: Silver Confined to key Fibonacci Levels

For those who do not know, Silver Forecast: Silver Confined to Key Fibonacci Levels was developed by Joseph Nocera. This Forex trading system is based on Fibonacci cycles. With this particular trading system, you are able to make money when there is a low at a key point in the trading cycle and you will

US Dollar Drives Higher Ahead of NFP Report as Volatility Spikes

Is the US dollar as a safe haven for investors? According to experts, a safe haven is any country with high inflation and political stability. The US Dollar is considered a safe haven for investors as it is stable, secure, and inflation free. With these factors, there will be more US dollars in circulation and

DailyFX Education Summit: Trade Your Market

The DailyFX Education Summit is one of the most important currency education conferences in the world. This is a conference that you will want to attend and I’m going to give you all the details on how to get the most out of it. There are four different sessions that I’m going to go over

Gold Price Analysis: Continuation Pattern Appears Ahead of September

Gold Price Analysis: Continuation Patterns Appear Ahead of September The gold price always varies up and down. However, the trend that usually follows the fluctuations of the price is a rise in value followed by a drop. Gold prices generally rise when there is a recession or a decline in the overall economic condition. The

Gold and Silver Prices Push Higher as US Real Yields Turn Lower

Gold and silver prices have recently pushed higher on the back of the US dollar, as the Federal Reserve pumps trillions of dollars into the economy each month. Gold and silver are valuable because they provide the backing of gold in monetary markets and have been used as money for a very long time. Although

EUR/USD Latest: Fundamental and Political Drivers in the Spotlight

EUR/USD Latest: Political and Fundamental Drivers in the Spotlight – Part 2 Political events may have a significant effect on a country’s economy. Political events can also have an indirect impact, through a country’s currency rates. If a country is moving toward a more liberalized economy or more restrictive governance, it will likely see higher

Crude Oil Prices Brace for Impact with US-Iran Tensions Brewing

Crude Oil Prices Brace for Impact With US-Iran Tensions Brewing in the Near Future. Iranian President Ahmadinejad is expected to travel to Asia this year to participate in an International Nuclear Energy Agency (IAEA) meeting. This meeting, which Iran views as a Western propaganda stunt, could lead to a renewed flare up of tensions between