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Wednesday January 26, 2011 - 16:24:43 GMT
New York, January 26, 2011â€” DailyFX, the free news and research Web site of leading forex broker FXCM Inc (NYSE:FXCM), has released two significant articles that give forex traders some ideas for trading in the new year. The first article Top Forex Trading Ideas for 2011 and the second article titled Top Trading Mistakes of 2010 go over trading picks for 2011 from our analysts, and the lessons learned from 2010.
Will the US Dollar Make a Comeback in 2011?
DailyFX Analyst John Kicklighter feels a US Dollar rally is likely in 2011. â€śThe Euro-zone and the UK have been making efforts to stabilize their markets throughout 2010. However, the application of austerity measures to already weak members of the Euro-zone will likely push these economies deeper into recession, resulting in declines in both the Euro and British Pound, and boosting up the US dollar. Naturally, investors will seek liquidity; but they will also look for support. They will find it in the US dollarâ€ť said John Kicklighter, Senior Currency Strategist at DailyFX.com.
Do the Charts signal a US Dollar Rally?
DailyFX senior technical strategist, Jamie Saettele, agrees that the US Dollar will make a rally against certain pairs. He finds the best trading ideas the ones that arenâ€™t yet attached to a story. Looking at the charts for USD against AUD, NZD and JPY, Jamie sees evidence that suggests 2011 will be a year of reversals. Jamie says that,â€ťWhat performed best in 2010, will probably underperform in 2011.â€ť
To read more on what went wrong in 2010, and what could work in 2011, read the articles, Top Trading Mistakes of 2010 and Top Forex Trading Ideas for 2011.
To read more fundamental and technical analysis on the currency market, and to stay up-to-date with the breaking economic news and reports from around the world by viewing the economic calendar, go to DailyFX.com.
DailyFX, the free news and research website of the leading forex and CFD broker FXCM, delivers up-to-date analysis of the fundamental and technical influences driving the currency and commodity markets. With nine internationally based analysts publishing over thirty articles and producing five video-news updates daily, DailyFX offers in-depth coverage of price action, predictions of likely market moves, and exhaustive interpretations of salient economic and political developments. DailyFX is also home to an extensive economic calendar with breaking economic news and reports from around the world, complete with advanced sorting capabilities, detailed descriptions of upcoming events on the economic docket, and projections of how economic report data will impact the markets. Combined with the free charts and live rate updates featured on DailyFX, the DailyFX economic calendar is an invaluable resource for traders who rely heavily on the news for their trading strategies. Additionally, DailyFX serves as a portal to a vibrant online discussion forum in the forex trading community. Avoiding market noise and the irrelevant personal commentary that plague many forex blogs and forums, the DailyFX Forum has established a reputation as being a place where real traders go to talk seriously about trading.
About FXCM Inc.
FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide.
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCMâ€™s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver, and stock indices, along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
Any opinions, news, research, analysis, prices, or other information contained on Dailyfx.com are provided as general market commentary, and do not constitute investments advice. DailyFX will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Financial Public Relations Associate, DailyFX
Vice-President, Corporate Communications
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