FED lowered Interest Rate to 2.25%

Its official, FED has slashed its overnight banking rate by three-quarters of a percentage point to 2.25%.
After the rate cut, US dollar moved higher against the Euro and the British Pound. This  was a less aggressive move by the FED as many players were disappointed as they were  anticipating a full percentage point cut.
Cheers, Kampai, […]

Will FED Cut on Tues, 18 Mar 2008 save the US$?

On Mar 08, I wrote the post How Low can the US Dollar Goes?
After a week, it turned out that my sentiment toward the US$ was right. The US dollar has plunged to a 13 years low against the Japanese Yen at around 99.03, broken the psychological 100 barrier. The Euro has also traded at […]

Money Management in Forex Trading

To be a successful Forex trader, one needs to understand the important of money management. In reality, many traders fail due to poor execution of money management.
In Forex trading, without proper money management is exactly like traveling in a desert without water. Put it bluntly, a trader will not make it without it. For […]

Australian Central Bank raises Interest Rate to 7.25%

Australia central bank hikes its key interest rate by 25 basis points today to a fresh 12-year high of 7.25%. This is a bid to curb inflation amid robust economic growth.
Cheers, Kampai, Proscht^^!!

How Low can the US Dollar Goes?

Despite the fact that the US dollar moved to an all-time low against the EURO on 27th February breaking the key psychological barrier of $1.50 for the first time since the 15-nation currency was launched in 1999, it seem clear that the fall is continuing.
Driving much of the US dollar’s decline were remarks about […]