Wealth Builder FX Blog

Below are the details of a trade we took a on the AUD/JPY spot pair during last month which yielded a very nice 17%+ profit. A brief description of that trade appears below along with some screen shots of the chart set up. The AUD/JPY resumed its downtrend in April and continued with a very ..

Well after breathing a sigh of relief that the United States was able to get over their political speed bumps and approve a higher borrowing ceiling to allow them to keep paying their interest bills, the attention is once again focused on the sovereign debt issues in Europe and in particular, G ..

So… here we are again… facing another scenario in the financial markets where no one has a clue at what will really transpire if the United States defaults on its debt. I did say in an earlier article in this very blog that the fundamental problems of the last GFC were not properl ..

THE Russian Central Bank will pour up nearly five billion dollars into the Australian (http://wealthbuilderfx.files.wordpress.com/2011/06/travel-graphics-200_429295a1.jpg) currency in a fresh wave of support, as Russia moves to diversify its reserves and shift away from the US dollar. The firs ..

Federal Reserve Chairman, Ben Bernanke acknowledged in a recent speech that the US economy is recovering more slowly than expected. As the US economy recovers from the worst financial crisis and the most severe housing downturn since the Great depression of the 1930’s, it also now faces  ..

In a previous post (October 9, 2010) I said the AUD would probably reach parity or higher with the USD and stay there. (/images/149129-australian-dollar1.jpg) We are now seeing that as our reality ! There has been some discussion recently that the AUD could now get to USD$1.50 or higher over h ..

Commodity prices affect currencies differently depending on the use of those commodities in each country. A lot of that depends on whether a country is an importer or exporter of a particular commodity. Crude oil prices typically are a good example of this. Canada is generally thought of as th ..

During the month of April, One of our Traders (Chris) is sharing his trades in a trading training room called Live Connect which is run by Forex Mentor in Canada. While Forex Mentor and WBFX are not formally associated, we do have a shared history with some of the traders. Chris will be showing his  ..

Redcross sites accepting donations and help... http://www.redcross.org http://www.redcross.org.au/japan2011.htm ..

Floods in North Eastern Australia - New Zealand Earth quake -Earthquake and Tsunami in Japan - Possible nuclear disaster in Japan as experts battle with the damaged Nuclear Power Plants. Political and social unrest or riots… Protests and unrest in Yemen, Bahrain and Libya The conf ..