Online Forex King- Currency Trading.

Currency Trading Advice, Broker Reviews & News from a Former City FX Trader

Weekly review

 No Chinese Takeaway
The Chinese rescued the week after denying the rumors that they were reviewing European Debt Holdings, confirming the Euro zone as one of the most important Investment Markets.
Hardly surprising when they have half a Trillion dollars worth of investments to protect.
The effect was to reverse the recent decline in Equities Oil and commodities [...]

Panic ,You aint seen nothing yet. ……..Buy Baked Beans and Gold

What a week eh. Firstly the Euro collapsed closely followed by equity markets.
The EUR/USD was sold off to a 4 year low of 1.2143 on a wave of selling following a announcements from Germany of a ban on naked short selling of bonds. This was seen as a panic measure.
However, the relief of the German [...]

EURUSD- Now That Was a Bigger Bounce

EURUSD surged 250 pips or so following the release of the FOMC meeting notes (Federal Open Market Comitte).The pair rose to 1.2400- the biggest daily gain in almost a year.
The Federal Open Market Committee IS PART OF of the Federal Reserve System and looks after US interest rate policy.

EURUSD Bounced Earlier Today But It Wasn´t a Particularly Impressive Bounce

Well-there was a Euro bounce today, but we´ve seen bigger bounces off bean bags in quick sand quite frankly. Let´s just say it was more Nicole Kidman than Dolly Parton.
The Euro bounced off 4-year low this morning, but the outlook still looks bearish – it´s been slipping back in the last couple of hours or [...]

EURO BACK ON THE ROPES???

Now the dust has settled somewhat on the weekend announcements from the EU it seems worthwhile reflecting on reactions thus far.
After an initial surge in the EURO to nearly 1.31 we find ourselves back nearer 1.27 today. The euphoria of Bond and Equity markets has certainly not been matched by the forex markets.
The reasons would [...]

Τι μια εβδομάδα να δούμε τι κάναμε στις αγορές σας……

 …… or for non Greek readers …What a week see what we did to your markets

It is difficult to describe last weeks events but suffice to say it completed one of the most volatile ever for forex, bond ,equity and commodity markets. The biggest winners in the forex markets was the Jap Yen 4% stronger [...]

Best Forex Broker For Trading Currencies on iPhone or iPod Touch

One of the questions we keep getting asked is : "Which is the best iPhone forex platform?"
Alot of people have an iPhone or an iPod touch these days, and there are are plenty of forex and currency apps available. Many of the newer online brokers have created platforms for traders with iphones, so they can [...]

GREEK BONDS BUY ONE GET ONE FREE

 The Greek Pantomime Continues
The situation in Greece again dominated the markets although most of the real volatility was confined to the bond markets rather than Forex markets.
Matters came to a head with the downgrading of Greek Bonds to Junk by Standard & Poors. Greece was finally forced to formally request their bailout ,agreeing to a [...]