CountingPips Blog

Canadian consumer prices drop in October. Loonie gains vs USD in fx trade today. November.21.08... Canada’s consumer prices decreased in October according to data released today by Statistics Canada. The consumer price index fell to to an annual rate gain of 2.6 percent...

Swiss National Bank cuts interest rate by an additional 100 basis points. November.20.08... The Swiss National Bank announced today its decision to reduce its interest rate by 100 basis points effective immediately on concerns of slowing economic activity in Switzerland. The new Libor...

Philadelphia Fed Survey, Leading Indicators decline. Jobless Claims rise. Dollar rises in Fx Trading. November.20.08... The dollar has made gains in fx trading today despite the dismal economic news releases today as the U.S. currency has gained ...

US Consumer Prices, Housing Data fall in October. US Dollar falls in Forex Trading. November.19.08... Consumer Prices in the U.S. decreased by the most in over 60 years in October according to a report released today by the U.S. Department of Labor. The Consumer...

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Forex Articles

Chart Pattern Symmetrical Triangles by ForexExplore... One of the pattern formations in forex trading is called Symmetrical Triangle. This pattern is formed when a sequence of higher price values creates a line and a sequence of the lower price values creates a line...

Forex Trading and Money Management by Andrew Daigle... As part of your Forex trading strategy, you must be able to manage the money that you invest in trades and determine when it is advantageous to enter or exit a trade. Most trading strategies are good...

Spot Forex Trading, Part 1 - Trading With the Trend By Mark A. Mc Donnell... This article is Part 1 of a series of 9 articles dedicated to help anyone to trade the foreign exchange. There are a lot of books available on trading the markets in general. Many of the books focus on always...

Currency Trading Basics - The Best Method for Forex Profits by Monica Hendrix... If you are new to trading and looking to learn currency trading basics and ways to make money, there are lots of different methods to choose from - we are going to show you...

Standard Deviation - Why it's So Important for Forex Traders By Monica Hendrix... Standard deviation is a concept all Forex traders should understand as part of their Forex education. In fact if you don’t understand it and know how...

Support and Resistance in Technical Analysis by ForexExplore... Support and Resistance concept is very popular among forex technical traders. Not only the concept is widely used but also might look slightly confusing at first glance, just like everything...

Spot Forex Trading, Part 3 - Parallel and Inverse Analysis By Mark A. Mc Donnell...Very few spot forex traders conduct any form of parallel and inverse analysis of the major pairs and exotics to determine the best way to trade the forex on a day-to-day basis. Even though it would be nearly impossible to trade...

Spot Forex Trading, Part 4 - Multiple Timeframe Analysis For the Spot Forex By Mark A. Mc Donnell... Multiple time frame analysis (MTFA) is the inspection of trend indicators, starting with the largest trends and timeframes, and working backwards down through successively smaller timeframes to see how the smaller timeframes and trends feed...

Forex Market Analysis

The Dollar Increases Against Major Currencies as the Global Recession Deepens Market Analysis by ForexYard - November.21.08... Concerns regarding the prolonged U.S recession continue to influence the markets. Investors remain nervous about the U.S. automakers, which are seeking...

Fundamental Outlook at 1400 GMT (EST + 0400) Market Commentary by GCI Financial - November.21.08... The Australian dollar moved higher vis-à-vis the U.S. dollar today as the Aussie tested offers around the US$ 0.6280 level and was supported around the $0.6075 level. The pair came close to establishing...