The dollar is currently losing against the euro on the Forex arena after falling slightly yesterday. The European currency gains from the improved outlook for the global economy on positive consumer confidence and home price index in U.S. EUR/USD currency pair is now trading near 1.4324.
S&P/Case-Shiller home price index for 20 U.S. states reached a seasonally adjusted rate of 141.31 in June — that’s a 15.45% drop compared to June 2008 but at the same time it’s the first gain in the index in more than two years. This indicator was expected to be reported at -16.4% year-to-year change.
Richmond Fed manufacturing activity index for August was reported at the same unchanged level as in July — 14, while it was expected to grow up to 16.
Consumer confidence went up from 47.4 in July to 54.1 in August, signaling generally positive expectations of the consumers in the United States. A decline to 45 was forecasted by the economic analysts.
Tags: consumer confidence, Richmond Fed manufacturing index, S&P/Case-Shiller home price indexNo Comments »
How Long Have You Been Trading Forex?August 24th, 2009
I had begun to trade Forex back in August 2005 when I first heard about the company (Marketiva) that offers free $5 bonus to start trading Forex with them. It was interesting for me to try and at that time free $5 sounded like a lot to me, so I’ve opened an account. Since then I’ve been losing and wining and I have also changed my broker a lot of times but Forex trading has been a great part of my life since my first opened position. I believe that experience is one of the greatest teachers in Forex and that new traders rarely can start to win consistently without years of real on-line trading. So, in this new poll I’d like to know how long have you been in Forex.
How long have you been trading Forex?
Just started.
Several weeks.
Up to 1 year.
More than a year.
2+ years.
3+ years.
4+ years.
5 years or more.
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