From the last some of the days Forex market has been running unusually. Due to decreasing the value of the biggest currency – USD, currency market is now more unpredictable than before. So if you want to invest in this condition, you have to be more careful. To do so, you can gather more information about economical condition. Here, forex tutorials are helpful.
As a Forex trader, you must be up date with latest news. And if you want to achieve your expected goal, there is no alternative way to latest news. You have to go with the latest information of world economy to take a better investment decision. Actually a right investment decision depends on right information to a large extent. So you have to learn forex at first.
If you able to make a good analysis and apply your personal skill and sixth sense perfectly, you will be the gainer. To do so, you can take forex training.
Here, analysis depends on collected information and the information should be up date. Old information could affect badly to your decision. So you have to emphasize on latest Forex trading news.
In recent days USD went back foot in the comparison with others currencies. Till now the fall of USD price is staying strongly. Actually this is a tough time for USD. In the last week it was on back foot and now this is continuing.
Actually, the value decreasing process of USD is continuing over five weeks. Though the first of US GDP was good, the currency was low price. And now they are going to announce the second quarter of their GDP. And they are expecting they will be able to attract the consumers and currency rate will be high against the others currencies. Now the USD is suffering from the low rate from all of the currencies.
Fed will announce GDP of their second quarter tomorrow. And they have emphasized on consumers friendly announcement. Their expectation is that it will make confident the investors the price will grow.
Now Australia is facing inflation. Its bad effect has already fallen in Australia’s economy. Their currency has rate already gone down. China has already decreased their demand on Australia’s commodity. As a result the inflation has appeared. In this situation RBA has announced of the cut of interest rate. The top central banker of Australia said it (inflation) will not affect the cut of interest and local currency could fall. In this situation, an investor should take analytical decision for buying AUD pair.
On the other hand Japan’s Yen lost its currency 0.4 percent per dollar in Tokyo at 1.47 pm at the same time it lost the same rate against euro its price.
In case of Canadian dollar; it has been increasing its currency rate for one month. And its rate is increasing against majority percent of currencies. So you can think it as a positive investment pair.
Actually this is too difficult to predict Forex trading. But I ensure you, if you take decision confidently by making analysis skillfully with forex trading news, you will gain.