ForexGen Latest News

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      Over the past several years, the popularity of online currency trading has grown substantially. Each day, onlineForexGen attract new investors - each of them lining up with a glint in their eye, lured in by promises of easy money. Most of these companies allow you to sign up for a free demo account which lets you place mock trades using their trading platform to get a feel for the... [read more]

  There are several external factors affecting Forex currency exchange. These factors include reports on trade, GDP, unemployment, international trade, manufacturing etc. The growth or decline of these factors affect a country's currency. The change is a global market, providing 24-hour market access to its players. As it is open only 5 days a week, so weekend is the period of closure. Although change... [read more]

The U.S. dollar declined at a fastest pace in a month against the Japanese currency today as the credit market losses extended and the Federal Reserve probably won’t be able to raise the rates by the year’s end. The dollar also fell against the euro and the Great Britain pound today as the previously expected rate difference decline became not so obvious to the Forex traders. Yen’s growth against... [read more]

The euro and the pound both weakened versus the US dollar Wednesday after new data showed that the German economy contracted by 0.5 percent in the second quarter and the minutes of the latest meeting of the Bank of England showed a three-way disagreement on where interest rates should go. There were also indications in the Monetary Policy Committee’s meeting minutes that the risk of inflation could... [read more]

Yesterday the EUR/USD pair experienced a highly volatility and finished trading session with mixed results versus its major rivals. The EUR/USD bounced up and down during most of the day, finally closing at 1.4773 level, unchanged from the day prior. Overall, it lost 0.2% vs. the EUR yesterday when it declined to $1.4773 from $1.4747. The greenback may fall to $1.50 per EUR in a few days should it... [read more]

Fears about more losses due to the current credit crisis helped the yen and Swiss franc to gains Thursday on the theory that investors will be less inclined to seek out risky currency trades funded with the low-yielding currencies. In late morning trade in New York the yen traded at ¥161.1536 to the euro, at ¥108.3350 to the US dollar and at ¥95.1723 to the Australian dollar, while the Swiss franc... [read more]