Forex Trading Basics -- Tutorial 2 The History of Forex

In the last chapter, the topics covered the basics of Forex trading. Chapter two will cover an overview of the history of Forex and currency trading, in addition to the Bretton Woods agreement, the Gold Standard and the how modern Forex trading developed. Bretton Woods and the Gold Standard Currencies for individual countries were set…

NOK Rates on Hold

On Wednesday 5/8/13 the central bank of Norway, the Norges Bank http://www.norges-bank.no/en/ , decided to keep the base interest rate of Norway on hold. The current and standing rate for the NOK is 1.5%. Currency traders and the Market had priced in a 20% chance that the Norges Bank would decide to cut rates. After…

Forex Trading Basics -- Tutorial 1

As part of an introduction, this section will cover Forex Trading concepts including what is a currency pair, relative currency price movement, price quotes as relating to Forex, and Forex Leverage. Forex Trading falls within the family of financial products such as ETFs, mutual funds and equities. When trading stocks, the trader has to decide…

AUD/USD Moves Downward after Rate Cut by RBA

AUD/USD – On 5/7 The Reserve Bank of Australia cut its base rate down 25 basis points to the 2.75% level.  While a downward move was expected, the AUD traders and the market had priced in a reduction of ½ that or 12 basis points.  The RBA’s 0.25% rate cut allowed the AUD/USD exchange rate…

Precious Metals – Gold

Gold has been hovering in the middle of a trading range for the past few trading sessions, while the most recent FOMC statement has been price supportive of precious metals and gold in particular.  While this is true, many economists have lowered their core 2013 inflation forecasts from 2% - 2.1% to 1.5% - 1.75%…

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