FX round-up: Dollar responds to disappointing home sales sata

The dollar rose but trimmed gains against most major currencies on Monday after lower-than-expected results came in for US home sales and speculation continued over whether Greece would announce acceptable conditions for is bailout extension. The National Association of Realtors revealed that existing home sales fell 4.9% to 4.82m units…

FX round-up: Dollar falls amid consumer sentiment data

The dollar fell slightly against most major currencies on Friday as US consumer sentiment data drew concern for the country’s economic recovery. According to the University of Michigan, the consumer sentiment index fell from 98.1 in January to 93.6 on February. Inflation expectations also rose for the next year, from…

The Worst Mistakes Beginner Traders Make

Traders generally buy and sell securities more frequently and hold positions for much shorter periods than investors. Such frequent trading and shorter holding periods can result in mistakes that can wipe out a new trader’s investing capital quickly. Here are the 10 worst mistakes made by beginner traders: Letting losses…

The Market Discounts Everything

The first basic premise of Dow theory suggests that all information – past, current and even future – is discounted into the markets and reflected in the prices of stocks and indexes. That information includes everything from the emotions of investors to inflation and interest-rate data, along with pending earnings announcements…

What are the differences between patterns and trends?

The identification of patterns and trends are techniques used by analysts studying the supply and demand of an asset traded on an open market. A trend is the general direction of a price over a period of time. A pattern is a set of data that follows a recognizable form,…

Dollar recedes amid poor US economic data

The dollar fell against most major currencies on Tuesday after US factory orders data came in lower than expected. The US Census Bureau said factory orders dropped 3.4% in December, undercutting consensus expectations of -2.2%. The figures followed Monday’s disappointing data which said that consumer spending had fallen faster in December…