by Henry Liu on March 28, 2010
Currency Market Analysis – Sunday March 28, 2010
Looking at the market on early open Sunday and browsing through the headlines over the EU Summit last week, I’ve got the distinct impression that risk aversion sentiment brought on by the Greece debt crisis prior to the Summit is now over. The perception of a possible “need” for an IMF bailout is at least, temporarily, out of mind and out of sight, and as currency trading is concerned, we have reasons now to expect a risk appetite driven market this week, as long as we don’t get any unscheduled negative news releases…
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by Henry Liu on October 18, 2009
[flv:http://www.newsprofiteer.com/101909-rbaminutes/101909-rbaminutes.mp4 480 360]
RBA(Reserve Bank of Australia) is expected to release its Meeting Minutes for the rate decision 2 weeks ago; and if you remember, it was a surprise to the currency market as a whole as RBA hiked it’s Cash Rate by 25 basis points, from 3.00% to 3.25%. As with most analysts, I didn’t expect RBA to hike rates until 2010, and I was genuinely surprised by this decision, and of course, market responded with a frenzied demand for AUD and pushed AUD/USD pair to new 2009 highs.
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by Henry Liu on October 12, 2009
Last week was a surprising week to say the least, as the biggest news out of the entire currency market was the Reserve Bank of Australia (RBA) hiking its bank rate by 0.25% to 3.25% and surprised the entire world in the process…
Needless to say, immediately after the release, Equity market ended its downward correction, and a renewed sense of risk appetite took over, pushing all high-yield currencies, commodity currencies, Equity indices, to fresh new 2009 highs.
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by Henry Liu on September 16, 2009
If you are looking for information on economic news and currency market [FOREX], look no further, because you’ve found it! You’ll not only find money-making trade plans and analysis on upcoming economic news, but also videos from actual trades taken live during these news releases based on the same trade plans, all for free!
If you are a beginner or never traded news releases, then please take a moment and read my post on the basics of forex news trading, you’ll get the basic idea of what are these economic news releases…
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by Henry Liu on August 12, 2009
RBA (Reserve Bank of Australia) Governor Glenn Stevens is scheduled to testify in front of the House of Representatives Standing Committee on Economics in Sydney on the RBA Annual Report. Most likely we’ll see a repeat of recent rhetoric and some Q&A session taking place. But since Stevens is the head of RBA, anything he says have the potential to move the market. It is important for Forex Traders to pay attention to these speeches, testimonies as we can often get a hint of future monetary policy direction, which is the REAL driver of currency market.
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