canadian forex brokers


October 25, 2010

After news of an interest rate hike by China’s central bank, the U.S. dollar climbed sharply over competing currencies, with the British pound losing almost 300 points against the dollar in nine hours.

Currencies

October 19, 2010

After news of an interest rate hike by China's central bank, the U.S. dollar climbed sharply over competing currencies, with the British pound losing almost 300 points against the dollar in nine hours.

If you had earned on GBP losing against USD by selling at 1.5898 and buying at 1.5686, you could have gained 212 points in nine hours. With a trading volume of $50,000 (you can do this with just $500 in your account), you could have earned $1.060 in those nine hours.

October 20, 2010

In the wake of optimistic statements by Angela Merkel and after the Federal Reserve's publication of a disappointing beige book, the British pound quickly climbed 150 points in three hours.

If you had earned on GBP gaining against USD by buying at 1.5722 and selling at 1.5856, you could have gained 134 points in three hours. With a trading volume of $50,000 (remember, you only need $500 in your account to do this), you could have earned $670 in those three hours.

Summary

With just $500 in your account and only trading in one currency pair, you could have earned $1,730 in just two transactions that took twelve hours over two days.


International Oil Market

October 19, 2010

Commodities fell across the board in reaction to China's quarter-percentage point increase in its one-year lending rate, with Brent losing slightly over 250 points.

If you had opened a position on this Brent contract, selling at 86.11 and buying at 83.68, you could have earned 243 points.

With a trading volume of 500 (you can do this with just $2,000 in your account; in the ActTrader™ terminal the minimum lot for a Brent Crude Oil (BRN) contract is 100), you could have earned $1,215.

Summary

Trading in just one CFD* contract, you could have earned $1,025 in just one transaction over one day.


Next week update

Eurozone News:

Eurozone M3 money supply - October 27, 2010 (Wednesday at 08.00 GMT).

Nat'wide House Prices - October 28, 2010 (Thursday at 06.00 GMT).

Euro-Zone CPI Estimate (Eurozone consumer price index) - October 29, 2010 (Friday at 09.00 GMT).

U.S. News:

House Price Index - October 26, 2010 (Tuesday at 14.00 GMT).

DOE U.S. Crude Oil Inventories - October, 27 2010 (Wednesday at 14.30 GMT).

Initial jobless claims - October 28, 2010 (Thursday at 12.30 GMT).

Change in GDP - October 29, 2010 (Friday at 12.30 GMT).