Making Sense of the Media and the Market While Trading

The media’’s take on the market and current financial climates and trends can be highly sensationalized. There are plenty of news stations out there that fall a bit short on the unbiased reporting agenda. In fact, almost all the news stations end up inflicting their opinions or the opinions of the reporter onto the country. However, there is still some good information in there, so how do you go about shuffling through the deck to find your one ace of diamonds?

Learning to read the media is a long process. There is a wealth of information that the media can provide, but you have to start with the basics. The first and most vital of these basics is learning to find the new source that is the least biased. Just because it says it is unbiased doesn”t necessarily make it true. Listen to the same report given by several different news sources and pick out words such as “should” and “ought to” as well as any personal opinions of the media reporter that are given. Sometimes this is easier to do with print media first followed by television and radio.

Yen Shows Growth on Moody’s Rating

The Japanese yen showed some really strong growth against the other Forex most-traded currencies today as the investors favored the Moody’s upgrade of the Japan’s yen debt rating.

Despite the weak performance of the Japanese stock market today the country’s currency showed one of the fastest growing day this month against dollar, euro and pound after Moody’s news about rating upgrade. It also rose against the Australian and New Zealand dollars today.

Trades generally consider the upgrade of the Japanese domestic debt securities from A1 level to Aa3 a great opportunity to go long on the yen. According to the Moody’s the Japanese economy won’t be as damaged by the global financial crisis as the economies of the European countries and U.S.

Dollar at 2-Month Minimum versus Euro

ForexGen is providing an Executable Quotes which appears directly once the trader click the current bid or offer in the Forex trading platform. The orders aren't checked manually to prevent undesired price quoting. The bid/ask spreads (2 to 3 pips in the major currency pairs) are most of the time stable, and never freeze the prices in any situation in ForexGen.
The U.S. dollar reached its lowest value against the European currency in more than two months today as the traders are waiting ADP report on the June jobs dynamics and expect it to show a first decline in four months.

The dollar also declined against the Australian currency today as the macroeconomic statistics there pushed the AUD rate higher against almost all other currencies. Despite loses against euro, Australian and New Zealand dollars, USD managed to grow against the Great Britain pound today as the Bank of England will probably abstain from increasing the rates and may even cut the interest rate during its next meeting on July 10.