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Comment by Afsal Afzu on November 8, 2010 at 5:05pm

I'm an engineering student, just starting with forex trading, can anybody giv me some worthy advices or tips so that i can atleast avoid beginners mistakes.

Comment by princess Todd on April 8, 2010 at 10:27am

Market Review by Finexo:
07.04.2010

Commodities and stocks alike are on the rise in the United States, showing signs that the economy is continuing its slow climb to get out of recession and back on track.

Both gold and crude oil hit highs today with gold closing at $1,131.65 per ounce for a two-week high and crude oil closing at $86.8 per barrel for an 18-month high.

As for stocks, the Dow Jones gained by 0.43% and the NASDAQ climbed by 1.12%. Some of the other economic data that showed signs of recovery for the US include the Pending Home Sales Index that came out much better than expected at 8.2% and the ISM Non-Manufacturing Index that came out at 55.4, better than the expected 53.5.

The USD/JPY forex pair had a low of 94.07 and a high of 94.77 as the yen gained against the dollar. The EUR/USD forex pair was able to hold at around 1.35 for the day, despite rather volatile movements between the low of 1.3459 and high of 1.3537.

The British pound sterling rallied against the dollar and, after the GBP/USD pair posted a high exceeding the 1.530 mark, the pair dropped back to the 1.52 range. Overall, the GBP/USD pair traded at a high of 1.5319 and a low of 1.52.

Comment by princess Todd on January 17, 2009 at 1:20pm

The Euro fell against the Japanese Yen recently, albeit slightly to 117.11. The Yen also traded up and down slightly all day against the USD, which was looking at a mild gain towards the end of the day. Japanese officials are monitoring the strength of the Yen in an effort to perhaps keep it from getting much stronger. It is believed that a strong Yen will hurt Japanese exports which, in this environment, are crucial to their economy.

My Forex broker has recommended to hold position for a while. Do you think its a right time to buy euro??

Comment by princess Todd on November 28, 2008 at 10:41am

Finexo Review

Finexo is a well established trading platform with many features and solid support. You really cannot go wrong with them, as they don’t seem to have any glaring issues or problems.

Customer satisfaction with Finexo is relatively high as they cannot find much fault in this broker. This is definitely because Finexo tries to cater to the wants and desires of its customers to make trading as great as they can. This is something that you probably wont find in many other brokers.

The large amount of flexibility that comes with Finexo could also be considered a negative in some cases. Because Finexo is so flexible, it can be easy to make terrible trades that you normally wouldn’t be able to make. Taking risks is much easier with Finexo than other brokers, although that might not be a good thing.

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Comment by princess Todd on May 30, 2008 at 1:16pm

USD/JPY – can oil prices urge traders to sell?

According to recent predictions, the rise of inflation in the U.S will increase the interest rates. However, this will not strengthen the dollar against the yen – which is linked directly to the fluctuations in the oil prices.
According to Bank of Tokyo officials, the rise in oil prices will greatly influence the Japanese market, thus increasing the pressure to sell the dollar.
Nonetheless, on Wednesday, the dollar rose 0.2% to 104.94 thus reaching its highest point in two weeks, yet traders believe that it is unlikely that this trade will be maintained.