Forex for Rookies

Fundamental

Interest Rate

We are looking at interest rate, it is said that countries that have high
interest rate should see their currencies appreciate in value while,
while countries with low interest rate should see their currencies
depreciate in value.
This future exchange rate is reflected into the forward exchange
rate of the British Pound is said to be at discount because it buys
fewer Canadian Dollars in the forward rate than it does in the spot
rate . The Canadain Dollar is said to be at premium.
In the US the FOMC usually meet periodically to setup interest
rate.

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Forex Fundamental for Rookies

Macroeconomic Events

US politic 2008

One of the major event impacting on a currency pair is political
events. thats why the 2008 us presidential race between Barrack
Obama and John Mc Cain of the Republican Party.
When we look at the monthly chart EUR/USD ,from the time
the poles start to predict Barrack Obama in the lead. The Eur/Usd
move from 1.6000 down to 1.2330 to date.
The dollars will gain some ground as the new adminstration seek
solution to the economic mess created by the Bush administration.
As fresh and new ideas come to Washington; look forward for the
dollar to gain some strength against the Euro.

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