Over the past month, the value of the US dollar has fallen significantly with the once mighty greenback dropping to a record low against the Euro and a 31 year low against the Canadian dollar. For currency traders, the dollar’s weakness has provided plenty of opportunities, but for the average person living in the United States, what does a weak dollar really mean? As there are two sides of every coin, a weak currency also has its advantages and disadvantages.Â
Fed Chairman’s Bernanke made a speech in front of the U.S Congress saying that the credit crisis has created a “significant market stress�, but reassured that regulators would take steps to curb fallout due to the mortgage crisis.
One of the strongest signals generated by technical indicators is MACD divergence on a daily chart. MACD stands for Moving Average Convergence/Divergence and can be quite useful for giving hints of a possible market reversal.
The forex market maybe open 24 hours a day like a Super Wal-Mart, but that doesn’t mean it’s always active the whole day. You can make money when the market moves up, and you can make money when the market moves down. However, when the market doesn’t move at all, you’ll have a very tough time trying to make money and probably will end up losing money. Find out when the best times of the day for you to trade are.
The Euro Zone manufacturing Purchasing Managers’ Index – PMI signaled moderation in the manufacturing sector in August, results of a survey showed Monday.
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