The US dollar reached a six-month high against the euro in Currency Trading Software on speculation the Federal Reserve will relax its low-interest rate; these are signs of the U.S. economy recover. It will probably continue boosting demand for the nation’s assets.

The dollar was near a four-month high against the Swiss franc after Thomas Hoenig (Kansas City Fed President) said: “time has come to change the promise to keep rates low. A report will show that the U.S. economy expanded at the fastest pace in almost four years”.

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The US dollar traded near a five-month high in Currency trading against the euro, after speculation about Asian stocks, which will continue falling in U.S. and European equities. This could reduce demand for riskier assets.

The yen closed to the strongest level in a month versus the euro when U.S. reports forecast to show a potential decrease in manufacturing in the Philadelphia region. The Japanese and U.S. currencies may also increase if U.S. banks report earnings, especially Goldman Sachs Group Inc. More...

China's central bank surprised world markets by taking a step towards a more restrictive economic policy. It created an increase in the Japanese currency while commodity currencies such as the Australian and the New Zealandes dollars fell after traders relaxed short-yen positions.

The US dollar was stable in currency trading accounts on Wednesday while the yen fell broadly as investors concluded China's surprise monetary tightening the previous day would not derail growth, supporting higher-yielding currencies. More...

The U.S. dollar raised in Currency Trading, b because of a growth of positive expectations in U.S. jobs report helped it hit a four-month high against a struggling Japanese yen; Naoto Kan (Japanese finance minister) said many Japanese firms were in favor of a dollar/yen around 95 yen, higher than the pair traded in late 2009. A weaken yen definitely increases competitiveness of Japanese`s exports.

Reducing imports from China probably would not cut the U.S. trade deficit because the United States would pay more for imports from other countries, World Bank chief economist Justin Yifu Lin said on Thursday.

Instead, Lin said addressing income disparities between China's urban and rural areas would do more to address global imbalances and to spark more domestic consumption. More...

The US dollar fell against a basket of currencies on Tuesday in Currency Trading Online as growing hopes for a global economic recovery encouraged investors to invest in riskier currencies from the greenback.

The U.S. currency extended losses against Japanese yen, after positive news about Asian Economies; the Australian dollar reached a two-year high against euro and a three-week high versus the US dollar after picked up commodity-linked currencies on optimistic gold and oil prices.

The euro, however, fell from a three-week high versus the dollar in choppy trading. Traders said the pair's inability to break $1.4450 in the New York session prompted some investors to buy back the U.S. currency. More...

On the last tip, we saw how to use the Momentum Forex indicator on Metatrader 4 trading platform . Today, we will focus on learning how to use the RVI Forex Indicator, part of the Indicators suite of MT4.

The Technical Analysis Forex Indicator, RVI (Relative Vigor Index) is stablished at the end of the CLOSE momento. On a rising trend, the closing, as a general rule, is higher than the opening. Otherwise, the tendency would be downwards.

The parameters are:

On the last tip, we saw how to change the chart properties on Metatrader 4. Today, we will focus on how to use the Momentum Forex Indicator, part of the indicators suite of MT4.

The Technical Analysis Indicator for the Forex market, MOMENTUM, meausres the trade price value on a determined lapse.

There are two ways to use the Indicator:

1. As an oscillator that can give us the direction of a trendline. Long positions should be taken when the indicator is low and turns upwards. Short positions should be taken when it is up and turns downwards.
2. It can also be used as a lead indicator. When the market reaches maximums, these are identified as a rise on the prices. It works also when minimums are reached and the prices drop.

Jean- Claude Trichet, European Central Bank President, said that excess of volatility in exchange rates is bad for global economic stability. Mr. Trichet agrees with U.S. economic policy makers about the importance of a strong U.S. dollar; usually, his announcements are reliable in Forex Trading.

The greenback rose above its four-week moving average last week, signaling the U.S. currency will make further headway, said Masashi Hashimoto, a senior analyst in Tokyo at the unit of Japan’s biggest publicly traded bank. Momentum indicators, such as the stochastic oscillator, also show buy signals, he said.

The U.S. dollar may extend its advance against Japanese yen to reach the strongest level in a month. More...

We have reached our 20th tip. We have learned how to use some of the Forex Indicators and Functions on Metatrader 4. Today, we will focus on the alternatives we have for the charts on MT4.

In order to change the properties of a chart, we can do the following.

While at a chart, we type F8 and the Properties window pops up.

At the COMMON tab, we can define some of the chart features.

The U.S. dollar rose on Friday, after news of a quarterly loss reported by Bank of America, one of the most powerful banks in the USA. It reduced the consumer confidence and the investor demand for higher-risk currencies. Forex Investors perceive US dollar as a “low risk” currency.

The euro dropped against the U.S. dollar at 1.49 EURUSD in Forex account metatrader. Signs of U.S. consumers and some top U.S. banks that are still under pressure of debt gave investors a chance on Friday to book profits on U.S. dollar, stocks and some commodities. More...