Last week, we reviewed the Elliott Wave Principle and answered some questions. This week we will shift our focus on the Dow Theory and what it means to us as currency traders. The Dow Theory is a technical analysis tool used to find the price ...

We will focus on the Elliott Wave Principle today and try to answer some questions about the theory. As currency traders and analysts, our goal is to find a trading theory that fits with our personality and make us profitable. In Part 2, we shift ...

In the world of forex trading, it’s a known fact that the GBP/USD and EUR/USD currency pairs correlate well with each other. As a forex technical analyst, it is my job to collect data and shed light on the currency market. The correlation between ...

The dollar will fall further against the euro as the Federal Reserve keeps monetary policy loose, and the end of its bond-purchase program won’t be enough to lift the currency, according to Aviva Investors. The dollar “probably has room” to decline ...

After trading forex for a couple of years, I have came across many “IF” traders but rarely do I come across a “WHEN” trader. An “IF” trader is an individual who basis their forex trading system on indicators, or have a trading strategy that would be ...

Prime Minister Vladimir Putin said Russia is succeeding in its effort to turn the ruble into a regional reserve currency as other former Soviet republics adopt it for trade. “In the post-Soviet space, the ruble is strengthening and becoming a ...

The pound depreciated against the euro, snapping four days of gains, amid speculation the Bank of England will raise interest rates at a slower pace than its European counterpart. Britain’s currency erased gains versus the dollar before the central ...

Gold rose to a record in New York on speculation that the sovereign-debt crisis in Europe will worsen, boosting the appeal of the precious metal as an alternative to currencies. Silver touched a 31-year high. Gold reached an all-time high of ...

Japanese Finance Minister Yoshihiko Noda said he will call for continued cooperation on currencies at a meeting of Group of Seven officials today in Washington. “We are going to call for cooperation when necessary, while closely monitoring the ...

The dollar wallowed at 16-month lows against a basket of major currencies early in Asia on Friday but looked unlikely to extend losses significantly ahead of Chinese economic data. Unofficial figures on Thursday suggested the Chinese data including ...

The world's biggest economies hope to make progress this week on a plan to identify countries that put the global economy at risk, while China warned against any moves that would curb its red-hot growth. The meeting of the Group of 20 rich and ...

The dollar rebounded on Monday after steep losses on Friday, as the U.S. government averted a potential shutdown, although the focus on the debt ceiling debate could limit the greenback's gains. Currency traders have started to talk about the U.S. ...

The ECB is on its way of providing its third bailout to Portugal. The current Portuguese government have made their desires know and are looking for the aid on or before June 5th, 2011. The Portuguese government was dissolved as of March 23, 2010 ...

Traders are warning of a dramatic change in dollar selling. They fear central banks from the Middle East may force their Asian rivals to more aggressively drive the dollar down. Too Many Dollars In 10 months, the Dollar Index has lost 14% because ...

Portugal will formalize its request on Thursday for a European Union rescue package that could reach 85 billion euros ($122 billion) and a deal could be reached before a June 5 election, officials said. After a renewed battering from financial ...

The euro fell from its highest level in more than a year after European Central Bank President Jean- Claude Trichet said today’s interest-rate increase wasn’t the “first of a series” and Portugal sought a bailout. The yen strengthened against the ...

As Greece and Ireland flounder in Europe, many analysts are turning their gaze to Portugal, the PIIG nation deemed most likely to follow suit. Economist Nouriel Roubini isn’t worried about Europe’s twelfth most populous country, however; he’s more ...

A federal government shutdown might not dent the dollar too badly, especially if it's short. But when the debt-ceiling debate rolls around, watch out. Congress and the President aren't sharing their sandbox very well. A government shutdown is ...

Tomorrow, during Thursday’s global session we get the ECB Interest Rate Decision at 7:45AM ET (11:45 GMT). This day has been awaited eagerly in the forex markets, ever since ECB President Trichet’s previous decision in which he said the bank would ...

The yen fell against all of its major counterparts and reached a six-month low against the dollar on prospects Japan will trail developed nations in ending stimulus as it copes with its biggest-ever earthquake. The euro rose to an almost 11-month ...