Forex Trading TV Video Blog

The Dollar recorded another day of volatile trading on Thursday, as the U.S. equity market took a beating. The Dow Jones Industrial Average reached a six year low yesterday. One of the main reasons for this was the U.S. banking shares hitting a 17 year low. The shares of banks, such as Bank of America and Citigroup slid by 14% respectively. Equity markets can be used to measure the amount of risk in currency markets. This was reflected in yesterday's trading of the USD. Throughout the Japanese and European trading sessions, the EUR/USD stea... ( read more )

After a relatively negative news day, the USD still managed to appreciate against most of its currency counterparts. Analysts have declared a decreased risk appetite and market uncertainty as the culprits. The loss of risk appetite means that most traders are waiting for more steady market conditions before taking a position in higher yielding currencies. There is too much uncertainty right now with the various bailout plans. This factor has produced the recent "wait and see" attitude in the forex market. On top of that, we have negative figure... ( read more )

The Dollar continued to benefit on Tuesday amid heightened worries about the global economy and investors' concern that Euro-Zone banks are highly exposed to financial turmoil in Eastern Europe. The greenback was also pushed higher after President Barack Obama signed a $787 billion stimulus bill into law yesterday. The bill passed both houses of Congress on Friday. The U.S currency rose 1.4% yesterday to end the day at 1.2595 per EUR after earlier appreciating as high as 1.2564, its highest level since December 4th. Against the Japanese curr... ( read more )

A larger than forecasted drop in Japanese GDP curbed traders' risk taking yesterday in the forex market. Also hanging over the market was dissatisfaction with the outcome of the G7 meeting and the passage of the U.S. economic stimulus bill. These market events failed to ignite a rally as traders moved into typical safe-haven currencies. Risk appetite was curbed yesterday as Japan reminded the world that global growth is indeed slumping. Japanese GDP declined by 3.3%. This was worse than the forecasted number of 3.2% predicted by economists. ... ( read more )

The U.S. Dollar opened this week with a dramatic jump in the right direction. Gaining strength against every major currency, except the JPY, the greenback has been benefiting heavily from the passage of last week's economic stimulus bill, which is due to be signed by President Obama this Tuesday. Closing last week against the EUR at 1.2870, and against the Pound at 1.4358, the USD saw lows this morning around 1.2783 and 1.4251 respectively after market open. The $787 billion economic stimulus bill passed by both the U.S. Senate and House of ... ( read more )