Herewith is my daily video recap for October 7, 2008, in which I discuss what happened on the market today, in our Live Forex Trading Room. The latest Probability Studies can be found on our blog right here: http://blog.fxinstructor.com/07-october-probability-studies-fomc-minutes-eyed/ To learn more about the Live Forex Trading Room, please visit: http://www.fxinstructor.com…

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Daily analysis of the US forex market trading session with DailyFX Currency Strategist John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

Continue reading " Forex Trading Outlook - DailyFX News Oct 7, 2008 "

Central Banks Make Moves to Shore up Credit and Money Markets; US Stocks Fall Following Bernanke, Minutes Tuesday, October 7th, 2008 The RBA lowered rates by a full 1%, surprising markets. The ECB and other central banks made moves to lend to banks. The Fed said it would set up a fund to buy [...]

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Existing home sales seems like a relatively straight forward release but it is more complex than it first appears. The release measures the number of homes sold over the last monthly period and the average prices for those homes. This is a critical release for the U.S. right now and can definitely impact forex traders. [...]

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At Bforex.com, our Market Analysts bring you the latest Forex news and developments closely following the progress of major currency pairs every day.

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Explanation why dollar is the world currency.

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