The upcoming week will see no less than five central banks disclosing interest rates decision. Along with other major economic statistics released, this week is huge to the forex market. The European Central Bank (ECB) is believed to keep the interest rate unchanged at 4.25 percent this Thursday. Same expectation for the [...]
Not so secret diary of a forex trading noob
All about the mistakes a forex noob can make… or will make… in forex trading
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FXSTREET- Blessed are the weak (currencies)With interest rate differentials across the major developed regions wiped out by the simultaneous adoption of ZIRP, the major crosses are moving in sympathy with the need to reduce global imbalances—even while swings in risk appetite remain the key driver of the USD crosses. And weak currencies have the implicit blessing of the respective policymakers, and o […]
- Blessed are the weak (currencies)
- OANDA Forex Blog
- Obama Dollar to ‘Devalue the Way to Prosperity’!Contrarian long USD positions remain costly. Forget the Japanese housewife, it’s the Brown’s, Smiths, Jones etc who have been piling into a global carry trade, similar to Japans’ lost years, using the USD as a vehicle currency. It will end in tears. Is the Obama’s administration policy one of quiet, steady dollar devaluation? A weaker domestic currency gives […]
- Obama Dollar to ‘Devalue the Way to Prosperity’!
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