In Forex trading online, the dollar fell on Wednesday (25-09-20163) after four straight sessions of gains, weighed down by worries about budget gridlock in Washington that could lead to a U.S. government shutdown next week, according to Reuters.com
Congressional officials must reach a budget deal by Monday that would allow the government to keep running, but negotiations have been contentious so far.
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Some politic events are relevant and can affect the prices of certain currencies. In Forex trading online, the euro turned lower on Monday (23-09-2013), failing to hold gains, due to uncertainty over how long it will take Angela Merkel to form a coalition after her party's resounding victory in Sunday's German election, according to Reuters.
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The value of the dollar is heavily affected by the moves the U.S. Federal Reserve makes; this is why the importance of whom the next U.S. Fed. Chief will be is so important. The current program of the U.S. Fed, that is of interest for Forex trading online in the U.S. dollar, is the bond-buying program.
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In Forex trading online, the dollar slipped from a seven-week high against the yen and has changed slightly against the euro on Thursday (12-09-2013) as U.S. bond yields declined and investors speculated the Federal Reserve will be cautious about reducing stimulus when it meets next week.
The euro recouped earlier losses it made after data showing an unexpected decline in U.S. jobless claims and a contraction in euro zone industrial output.
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One of the first things to learn for those new in the trade Forex online market is how to read the Forex quote. The trade Forex online market deals with the trading of currency pairs. The key is that the currencies come in pairs; this is because the trade is really buying one currency with another currency. Each currency is written as three letters; for example, the U.S. dollar is written as USD, the Japanese yen as JPY, the Euro as EUR, etc. The Forex quote will then be given with the two currency pairs, like:
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Some news can affect the Forex market significantly, so it is necessary to be tuned in with the latest news to know what is happening and make better decisions to trade Forex online; for example, the yen fell against the dollar and the euro on Monday (09-09-2013) losing ground after Japanese stocks rallied following Tokyo's winning bid to host the 2020 Olympics and an upgrade of second-quarter GDP, according to Reuters.com
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In Forex trading online, the dollar fell from a seven-week high against the euro on Friday after an eagerly anticipated U.S. jobs report disappointed investors hoping for data that would pave the way for the Federal Reserve to begin unwinding its monetary stimulus this month, according to Reuters.com
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The U.S. dollar continues its steady climb in the Forex trading online market despite recent uncertainty in regards to U.S. military involvement in Syria – level of involvement and time frame. As Bart Wakabayashi, head of Forex at State Street Global Markets in Tokyo concluded, "it seems like the market is tentatively concluding that any military action may not last that long and its impact on the world economy will be limited.
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An introducing broker will usually help new clients with understanding the most fundamental and useful techniques for trading in Forex. When looking to trade currency pairs, a technical analysis is necessary to help predict future trends and thus when to trade the currency pair in one direction or the other.
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It has been an interesting time for Forex trading online; even without any recent stellar economic news coming out of the United States, recently; the U.S. dollar continues to rise in value. As reported in Reuters on August 30, 2013, “the U.S. dollar rose to a four-week high against a basket of major currencies on Friday, helped by persistent uncertainty about Syria and a weak euro which fell after data showed benign inflation and elevated unemployment in the euro zone.”
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