ForexGen Trading Currencies

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USD/CAD: Trading the Canadian GDP Release

The Canadian dollar could face increase selling pressures over the next 24 hours of trading as market participants forecast GDP to contract 0.3% in October. Growth prospects for the world’s eighth largest economy have weakened considerably throughout the fourth quarter as firms cutback on employment and reduced spending. Trading the News: Canadian Gross Domestic Product What’s Expected... [read more]

The Destination and Fundamentals of Technical Analysis

Technical analysis is being used for the prediction of market movements (that is alterations in currencies prices, volumes and open interests) outgoing from the information obtained for the past. The main instruments of the technical analysis are different kinds of charts, which represent currencies price change during a certain time preceding exchange deals, as well as technical indicators.... [read more]

Economy to Dominate Summit of Japan, SKorea, China

Economic issues will dominate inaugural summit between Japan, SKorea, ChinaThe leaders of Japan, China and South Korea will discuss currency swaps, territorial issues and the global financial crunch when they sit down for their first trilateral summit.The one-day summit, to be held on Saturday in the southern Japan city of Fukuoka, was expected to be broad-ranging. But officials said Friday that... [read more]


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