forex day trading course Australia interest rate hike

Forex day trading room and managed accounts. The Reserve Bank of Australia this morning increased its benchmark interest rate to 4.25%, the fifth increase in as many as six meetings. AUDUSD was trading higher after the news and posted an intraday high of 92.30 at the time of writing. RBA Governor Glenn Stevens didn't dismiss against future increases in a signal that the RBA is keeping a close eye on inflation levels and surges in housing prices down under. Turning to Asia, risk appetite sentiment dominated much of the Asian market trading as well as late US session yesterday over concerns of Greece inability to repay its debt. The USD strengthened across the board along with the JPY even after yesterday's US service sector data showed positive economic outlook for the US economy. Greece is looking to raise $5 billion to $10 billion from investors in the US to help cover its May borrowing requirement of about 10 billion EUR. NZDUSD traded at 0.7033 and NZDJPY at 66.24 after a report showed business confidence fell showing that a net 22% of companies expect the economy will improve over the next six months, down from 31% in the last three months of 2009 as slowing consumer demand curbed profits, investment and hiring. The USDJPY traded at 94.05 after the JPY gained for a second day against the USD on speculation exporters took advantage of the currency's slide to bring back overseas earnings. The BOJ may raise its economic assessment and keep policy unchanged tomorrow after its Tankan business survey showed the export-driven recovery is gaining momentum leaving the benchmark interest rate at 0.1%. Looking forward to today's releases, investors would be eyeing the discount rate decision by the Fed after yesterday's meeting which could see the rate increased by 25 basis points to 1% giving rise to speculation that the Fed will unwind stimulus measures before other counterparts. Any such move is likely to be seen as another step along the road to p [...]

Forex trading - live day trading course and currency trade room.

Forex Day Trading Room

EUR/USD

The Easiest Job to Make Hard & The Hardest Job To Make Easy.

If anyone tell you that we don't earn our money, then they just haven't spent the hundreds and thousands of hours sitting in front of the screens. I have likened it to watching paint dry. BUT Every now and then, something unexpected happens which adds a little spice to our life. That happened today for me and watching an unexpected 50 pip run keeps me watching with anticipation for more set ups. The money is great too. It doesn't matter if you are trading a small account or large numbers, at least for me, there is joy in mud ville when we hit one out of the park. I hope that you get as much joy from these events as I do. FXDMG

Forex trading - live day trading course and currency trade room.

Forex Day Trading Room

EUR/USD [caption id="attachment_746" align="alignnone" width="300" caption="FXDMG"][/caption] Good Job Traders... A nice unexpected 50 pip run. Looking for another set up. FXDMG

Forex trading - live day trading course and currency trade room.