How long will the new found strength in the US Dollar continue? To venture a guess I would say perhaps longer than you would reasonably expect looking at the condition of the US economy, the price of crude oil, and the never ending war in Iraq.
The Dollar has put in an impressive performance this week as bad news about the US economy was not as bad as the market expected. The Euro traded as high as 158.20 as recently as Monday, May 27 (US markets closed for Memorial Day) and is trading down to 1.5475 as I write on early Friday morning.
The dollar has also put in a good effort against the Yen, trading up from lows of 103.25 to highs of 105.86 so far this week.
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Tags: Forex, forex market, forex trading
Posted in Forex, Uncategorized
Commodity trading online has become much more of a potentially profitable business endeavor with free real time commodity quotes and live charting services now offered by a number of Internet based commodity futures brokers.
Internet technology has made the type of quality commodity trading services previously reserved for the well financed professional trader available to even small traders who have limited amounts of risk capital available for trading. However, whenever you trade commodities the risk of sudden adverse price movements are still present, so even with great trading software, charts, and other facilities a trader should always protect his capital by being alert to changing market conditions and by using stop loss orders.
Tags: Commodities, commodity trading
Posted in Commodities, Uncategorized
