By Chuck Butler, Editor of Currency Capitalist
www.worldcurrencywatch.com

This is getting ridiculous.

Reuters reported last night that the U.S. is close to extending billions more aid to Bank of America. And as I said yesterday, Citigroup is selling off units to raise capital, after the government already handed the bank US$45 BILLION worth of TARP money.

This all makes me wonder: Do you think Big Ben Bernanke and Hank Paulson drink more than seven cups of coffee a day?

By Sean Hyman, Currency Analyst
www.worldcurrencywatch.com

As we’ve discussed before, you ALWAYS should place a stop-loss on every single Forex trade. But that’s only the first step. You also need to think about where you’re placing your stop-loss.

By Jack Crooks, Editor of Exotic FX Alert
www.worldcurrencywatch.com 

Gold bugs call your office!

As gold goes so goes the dollar in the opposite direction?  That is what we’ve been seeing lately. Today, gold is sharply lower at the moment and trading below its 200-day and 28-day moving averages. Notice the classic lower highs and lower lows on the chart…

By Chuck Butler, editor of Currency Capitalist
www.worldcurrencywatch.com

There’s something else I need to address this morning that deserves front page notice. It’s the ADP jobs report that printed yesterday.

Up until this report hit the news, the stock jockeys were feeling pretty cocky. The risk takers were back in the driver’s seat in the market. (You could tell risk takers were back because the Aussie dollar rose to .7270!)

By Sean Hyman, Currency Analyst
www.worldcurrencywatch.com

One of the most commonly used orders in Forex trading is known as “limit order.”

 You can use limit orders in two different ways. You can use them to enter a position or add to your present order as the level to exit the trade at.

By Sean Hyman, Currency Analyst
www.worldcurrencywatch.com

If you want to talk about cautionary tales, you have to start in Ecuador.

Currently Ecuador uses the U.S. dollar for their currency. But even with the dollar’s strength in the second half of 2008, Ecuador is still facing major economic problems (kind of like the U.S.).