Monday, August 25, 2008
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]
Friday, August 22, 2008
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]
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