Tag: News

Trade the News to Make More Money

Why Trade the News
The simple answer to that question is “To make more money!”
But in all seriousness, trading the news gives us another opportunity to trade the forex market. As we learned in the previous section, news is a very important part to the market because it’s what makes it move!

When news comes out, especially important news that everyone is watching, you can expect to see some major movement. Your goal as a trader is to get on the right side of the move, but the fact that you know the market will indeed move somewhere makes it an opportunity definitely worth looking at.

New Zealand’s government to buy quake damaged houses

New Zealand’s government has offered to buy thousands of properties in areas in Christchurch, the country’s second largest city, because of the damage done by recent earthquakes. The government has set up a website, www.landcheck.org.nz, to help property owners work out which zone they are in.

Depletion of North Sea reserves to affect heating oil prices?

Depletion of North Sea reserves to affect heating oil prices?

This is because, according to a diplomatic cable obtained by WikiLeaks and
reported by the Scotsman, concerns have been raised that the North Sea is
running out of the resource. The 2008 memo from then energy minister
Malcolm Wicks to the US government …

With Egypt in Turmoil, Oil and Food Prices Climb

The turmoil in Egypt is causing economic jitters across the globe, pushing up food and oil prices so far, but bigger worries are ahead.
The unrest already has affected U.S. energy prices.

The average price for a gallon of regular gasoline in the U.S. was $3.12 on Friday – up 2.4 cents just in the past week. Analysts expect prices to stay above $3 a gallon – the highest since 2008 – and probably go higher until the conflict in Egypt is resolved and Mideast tensions ease.

Oil prices hovered at about $90 a barrel over the past week. Some analysts predicted the Egyptian crisis will lead to $100 per barrel prices sooner rather than later.
Traders worry the unrest might spread to oil-producing countries in the region and even affect shipments through the Suez Canal. Egypt is not a major oil producer, but it controls the canal and a nearby pipeline that together carry about 2 million barrels of oil a day from the Middle East to customers in Europe and the United States.