EUR Moved Lower VS. The USD

The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4270 level and was capped around the $1.4360 level. The common currency fell to three-month lows on U.S. economic recovery signs and an improved economic outlook from the Fed. Some dealers believe the Fed is inching closer to removing more of its monetary stimulus measures.

Data releaseed in the U.S. today saw the December ISM Chicago headline business barometer imporve to 60.0 from 56.1 in November, approaching a four-year high. Recently, the U.S. dollar has started to benefit from improving U.S. economic fundamentals, a reversal from earlier in the year when the greenback failed to markedly improve from better fundamentals. In eurozone news, EMU-16 bank lending declined 0.7% m/m last month, the third consecutive month of declines.

Also, the EMU-16 M3 money supply fell by 0.2% y/y, far below the forecast. The euro’s share of global foreign reserves has risen to all-time highs according to the International Monetary Fund. The euro’s share of global foreign reserves is now at 27.7% whereas the U.S. dollar’s weighting has falledn to 61.6%.

US Stock Market Update

Despite high forecasts that the Federal Reserve will extract soon stimulus measures from the world's largest economy since the overall economic conditions are clearly enhancing further throughout this past present period

Which actually pulled the Standard & Poor's 500 Index to its lowest level since 2003, still the U.S stocks managed to close in green as the Chicago PMI unexpectedly and cheerful.

The Dow Jones Industrial Average index Added 3.10 points or 0.03% to close at 10548.51, The Standard & Poor’s 500 Index Added 0.22 points or 0.02% to close at 1126.42

The NASDAQ Composite Index Added 2.88 points or 0.13% to close at 2291.28.

Great Way to Learn About FX Currency Trading

What is the best way to learn about FX currency trading? Is there a single source for you to just look up, like a library's definitions of what to do or not do when it comes to the Foreign exchange market?

Diving in head first is usually not a good idea when it comes to one of the most dynamic and volatile markets out there. Currencies can go up and down and where the money is placed is based on the health of the market, the health of the investment framework and how structured and safe the international funds are.

Your money goes all around the world and most of the time you have no idea how it is being used to strengthen the currency. But the math is simple, the more money that is being pumped into the dollar of a country, the more the country can use it to surplus its development and thus invest into infrastructure that can increase the strength of its dollar.

This way, the money trickles down back to you in the form of a stronger dollar. The discrepancies are the profits you earn. But this is just the basics of the Foreign exchange market and these are the normal outcomes you want.

Hey, everyone wants to make money and Forex is the best way for you to make good, decent and even fantastic money but there are certain principles that you must learn about before you go into this full steam ahead.