Currencies

Market analysts at FXCM have continued the Traits of Successful Traders series by suggesting the best time of the day to trade forex markets is during Asian hours.

Kathleen Brooks of FOREX.com suggests while the euro may stick around the USD1.30 level for a period, the currency is likely headed lower medium-term.

In the latest video in FNArena’s Educational Section, ATW’s Jerry Simmons zooms in on the potential for Break-Outs.

With the European sovereign debt crisis not a currency crisis CBA suggests there is limited downside for the euro as long as the crisis is contained.

Market analysts at FXCM maintain their view the Aussie remains doomed for lower levels against the USD.

Market analysts at FXCM have identified the major mistake made by forex traders and offer a plan to trade currencies more successfully.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Only a 25bp cut from the ECB, and no further bond purchases. Dow down 198.

The Australian dollar appears overvalued at present and a weak global outlook has analysts expecting the currency to fall from current levels.

Kathleen Brooks of FOREX.com reports the upcoming ECB meeting and EU summit will be important for Europe given the potential for progress in resolving the sovereign debt crisis.