Trading Currency Through Online Forex Brokers

clipped from globalinformationcentre.com Trading Currency Through Online Forex Brokers by: Jay Moncliff Access to foreign exchange (forex), the most extensive market on the planet, is generally through an intermediary known as a forex broker. Similar to a stock broker, these agents can also provide advice on forex trading strategies. This advice to clients often extends to technical analysis and research approaches designed to improve client forex trading performance.

Forex News

Source: Thomson Financial News

Dollar edges lower ahead of US data; yen continues to rise

The dollar edged lower against major currencies as the market awaited US new homeslowest in four years and amid ongoing sales and consumer confidence data later this afternoon, while the yen continued to rise, hitting a 12-day high against the dollar.

After data yesterday showing US existing home sales at their concern about the US subprime market, new home sales figures will be closely watched.

"It will be the housing numbers that are looked to for signals of directional bias for the dollar," said Matthew Foster-Smith at Thomson IFR Markets.

A weak release will prompt dollar selling and could push the euro back towards the 1.35 usd mark, he said.

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Ask (Offer) Price - The price at which the market is prepared to sell a specific Currency in a Foreign Exchange Contract or Cross Currency Contract. At this price, the trader can buy the base currency. In the quotation, it is shown on the right side of the quotation. For example, in the quote USD/CHF 1.2627/32, the ask price is 1.2632; meaning you can buy one US dollar for 1.2632 Swiss francs.


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Daily Forex Commentary | GFT Forex

Daily Forex Commentary | GFT Forex: "Daily Forex Commentary
Daily Forex technical and fundamental analysis on the major currency pairs.

Leading analyst Cornelius Luca provides daily commentary for Global Forex Trading.

In 2002, Luca joined Global Forex Trading, Division of Global Futures & Forex, Ltd., as one of its analysts who provides daily, weekly and monthly commentary on the major markets of foreign exchange. Luca is a world-renown author, teacher and authority in foreign exchange who has traded and analyzed currencies since 1983. As a qualified professor of finance, Luca has taught courses at the New York University, Pace University's Lubin School of Business Graduate Division in New York City and at the New York Institute of Finance's FT Knowledge. His published works include Trading in the Global Currencies Markets, which was published by Prentice Hall and is a comprehensive analysis of the foreign exchange markets, instruments, players and methods of forecasting. Additional Luca works published by Prentice Hall include Technical Analysis Applications in the Global Currencies Markets, which is an in-depth and unique coverage of currency charting analysis. His most recent book, titled Technical Analysis Applications, will be published by McGraw-Hill in August 2004. Luca earned a master's degree in business in international business and finance from the New York University's Leonard Stern Graduate School of "

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