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Forex

Bobbys Corner-Open Market-Aug.31.2011

Good Morning:

I am returning from a bit of vacation-and the aftermath of Hurricane Irene.  We lost power for 3 days, and a few trees-but no major damage, and everyone is safe and healthy-which is the most important. 

ADP reported that the private sector added 91K new jobs-a little less than the 100k that was expected.    

All eyes will be on this Friday’s unemployment data,  and Non Farm payroll numbers.

Bobbys Corner-Open Market-Aug.17.2011

Good Morning:

FX markets were disappointed at the announcement by the Swiss National Bank regarding the weakening the CHF.  The idea of a peg against the Euro was discounted for now-as the SNB made no additional comments regarding this proposal.
The CHF rose again after the SNB’s lack of commitment regarding pegging the CHF to the Euro.  For the SNB to peg the CHF to the Euro-it would cause the SNB to have a program of unlimited intervention to keep the peg  maintained.

The top 5 trading currencies in the Forex Market- Forex - Forex Trading

The top 5 trading currencies in the Forex Market

Currencies are traded for profit on the Forex Market, with traders speculating on the value of international currencies before exchanging one for another. Opening each day in Australia and closing in New York, Forex operates across international time zones, trading currencies 24/7.

Read on for more on currency trading and the top five Forex traded currencies …

Who trades currencies?

Banks, businesses and individuals each use Forex to trade currencies.

Why trade currencies?

Traders speculate on fluctuations in international currency values to make a profit by trading currencies on the Forex market.

The top 5 Forex Trading Platforms - Forex - Forex Trading

The top 5 Forex trading platforms

Individuals, corporations and financial institutions speculate on international currency values before trading currencies on the Forex market - the world's foreign currency exchange - using Forex trading platforms.

Read on for more on currency trading and the top 5 Forex trading platforms.

Why trade currency on Forex?

Traders speculate on fluctuations in international currency values to profit by exchanging currencies on the Forex market.

While currency values vary slightly throughout any given day, political or economic instability can cause currencies to rise or fall in value, allowing traders to benefit from exchanging a particular currency at times when it increases in value or buying currency when its value has depreciated.

The Top 5 Forex Trading Web Communities

The top 5 Forex trading web communities - Forex - Forex Trading

Traders speculate on international currency values before exchanging currencies on the Forex market - the world's foreign currency exchange.

Traders use Forex web communities to share useful tools and insights before trading.

Read on for more on currency trading and the top 5 Forex web communities.

What is Forex?

Forex is the world's foreign exchange market. Open 24/7, Forex is also the world's most traded market.

Who trades on Forex?

Banks, businesses and individuals each trade and exchange currency on the Forex market after speculating on international currency values.

What are Forex trading web communities?

Bobbys Corner-Open Market-Aug.5.2011

Good Morning:

FX markets are very nervous ahead of this morning’s NFP and employment data.
The consensus is for non Farm Payrolls to be up 85K.  This may not be enough to have the 9.2% unemployment rate fall.

Bobbys Corner-Open Market-Aug.4.2011

Good Morning:

We start the morning off by noting that both the ECB and Bank of England left their benchmark interest rates unchanged today.
This was highly expected even though the UK economy continues to show signs of  faltering , and the EU has a debt  crisis that is not going away anytime fast.

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