- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: April 9, 2012
April 92012
AUD Rises as China’s CPI Grows, Can It Sustain Rally?
The Australian dollar gained today after China’s consumer price inflation accelerated last month more than was predicted by analysts. Experts remain skeptical about the ability of the Aussie to rise in the near term. China’s Consumer Price Index rose 3.6 percent in March from a year ago. That’s compared to the median forecast of 3.3 percent and the previous reading of 3.2 percent. The increase of consumer prices isn’t entirely good for the Australian currency, […]
Read more
April 92012
US Dollar Falls as Traders Still Expect QE
The US dollar fell today against most major currencies as the worse-than-expected payrolls fueled the speculation that the Federal Reserve will stimulate the US economy, weakening the currency at the same time. US non-farm payrolls showed an increase by 120,000 jobs, compared to the median estimate of 207,000. The data hurt outlook for the US economy and supported the opinion of those people (Fed Chairman Ben Bernanke among them) who believe that the economy is still […]
Read more
April 92012
Canadian Dollar Heads Lower as Commodities Struggle
Canadian dollar is heading lower as commodities struggle today. Oil prices are having an especial effect on the loonie today, as they are very connected to the performance of the Canadian currency. Also weighing on the Canadian dollar is the disappointing employment news reported by the government. Canadian dollar is struggling against the US dollar as worries about the global economy, as well as specific concerns in Canada, weigh on the loonie. The loonie is sensitive to commodity prices, […]
Read more
April 92012
US Non-Farm Payrolls Sap Demand for Risk, Rupee Suffers
The Indian rupee declined today as last week’s US non-farm payrolls disappointed Forex market participants, sapping demand for riskier currencies of emerging markets. US employers added 120,000 jobs last month, compared to market expectations of 207,000. The disappointing data reduced risk appetite of investors. The rumors about North Korean rocket launch weren’t helping Asian currencies either. The Bloomberg-JPMorgan Asia Dollar Index, tracking Asia’s 10 most-traded […]
Read more
April 92012
Euro Pulls Back on Sovereign Debt and Risk Aversion
Euro is pulling back today as concerns about sovereign debt continue to dominate the conversation about the eurozone. Additionally, general risk aversion concerning the state of the global economy is weighing on the euro. One of the biggest factors affecting euro performance is still sovereign debt. Now, though, the concern is taking a new form. With special financing from the ECB, many banks in embattled countries have bought sovereign debt. […]
Read more
April 92012
Yen Climbs on Japan’s Current Account Surplus
The Japanese yen advanced today after Japan posted trade balance surplus in February and as concerns about the possible North Korean rocket launch increased demand for the yen as a safe haven. Japan’s current account had a 1.18 trillion surplus in February after it posted a deficit in January. The average forecast was a 1.12 trillion surplus. North Korea is rumored to plan a long-range rocket launch that would follow underground nuclear […]
Read more
April 92012
How Many Indicators to Use?
One the one hand, price action traders prefer not to use any Forex indicators at all. It is a common belief among them that the technical indicators don’t add any new information to the one presented by the prices themselves and just clutter the charts, obscuring the real market data. But that’s only one group of currency traders, and it is quite small. On the other hand, among technical traders, it […]
Read more