Saturday, November 20, 2010

Forex Account

Forex Account: The forex rate of USD/PHP slumped because of weak USD
Posted on 02 September 2010



Forex Account – At the end of the Asia forex market on Thursday (September 2), the forex rate of USD/PHP slumped, because the forex rate of USD against many currencies all slumped and brought pressure to this forex price. The latest price of USD/PHP was at 44.95 pesos, and the close quotation on Wednesday was 45.08 pesos, the forex trading in this trading session was very good.

A forex dealer in a local bank said some of the banks had to sell out their USD assets in the forex market, and he also pointed out that the interest of the forex brokers towards the risky currencies was aroused in the forex market because the US manufacturing data performed very strong.

This forex price got a strong support at the point of 44.80, and the obstacle on top for this forex price was at 45.30.

For more forex news, please go to forex account.

Edited by laura.

FOREX MARKEET TRADER

Learn Forex: How to Trade the Market with Training & using Forex Trading Software
Forex or foreign exchange (fx), unlike the stock market never sleeps. The fx market is always moving with always an opportunity to make money. Learn forex with our training articles. Let our articles guide you into forex trading, so you will get a firm grasp of what forex is all about. Learn about indicators, charts and how to use them to make trades. If you find forex too hard, take a look at our software reviews below, and let a computer do it ALL!


Forex Software Reviews - best automated forex trading software reviewed

Automated fx software is mathematically designed to monitor the market, set trades and even place stop losses for you. It is automatic, executing profitable trades you may be missing while you are sleeping or away from your computer. It is a whole new trading phenomenon.