High Risk Investment Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with FOREX trading, and seek advice from an independent financial advisor if you have any doubts.
On the chart to the left, the first half of each month is shaded in light green. The US dollar index has been up during the first half of the past seven months, and down during the second half of the past four months.…Continue
Wednesday's New York morning session news schedule features ADP's National Employment Report, due out at 8:15am ET (12:15 GMT). The consensus forecast derived from a Bloomberg News survey calls for an estimated 170,000 workers added by US companies in April. The previous report showed that the private workforce grew by 209,000 in March.
The prior four ADP releases have had no lasting impact on the price of the EUR/USD or EUR/JPY…Continue
The Board of the Reserve Bank of Australia (RBA) is scheduled to announce its latest policy decision and statement on Tuesday, 1 May at 12:30am New York time (04:30 GMT). Since the Australian central bank cut its benchmark interest rate by 25 basis points at each of its final two meetings of 2011, debate has centered on whether or not the RBA would cut rates again.
Of the 29 economists surveyed recently by Bloomberg News, two have predicted a 50bp rate cut, while the other 27 see the…Continue