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Technical Analysis in Forex Trading
In Forex Trading, technical analysis is the study of market action, mainly through the use of charts and indicators to forecast the future movement of a currency. There are a few principles that a technical analyst applies. The price is a compressive...
FED cut Interest Rate to 3.00% on 30th January 2008
On Wednesday, as forecasted by many financial analysts, US Federal Reserve made its second deepest interest-rate cut by 50 basis points. Within a short span of less than 2 weeks, FED has lowered its overnight bank lending rate to 3.0%. Just 4 month...
