The euro’s struggles against the US dollar continue today, with Germany and the ECB disagreeing on the next policy move. Euro has managed to make up some lost ground, though, paring its earlier losses as risk appetite rises on better equity performances. However, with commodities lower, the euro isn’t likely to find too much support. Right now, some major disagreements over policy for the eurozone are emerging between […]
Read moreUS dollar is heading higher today, gaining as the rush for global liquidity sends other currencies down. Greenback is also finding support from some of its better than expected economic data — which also happens to indicate that it is in better shape than some other currencies. US dollar index remains firmly above the 83.00 mark today. Dollar index is finding support as other […]
Read moreThe Great Britain pound declined today even though macroeconomic data from the United Kingdom was encouraging. The housing market looked particularly good as demand for property rose to its highest level in over three years. The house price balance of Royal Institution of Chartered Surveyors improved from -2 percent to 1 percent in April. Still, it was below the analysts’ forecast of 2 percent. The Conference Board leading index continued […]
Read moreThe South Korean won rallied today as positive data from the United States made investors more courageous and willing to buy riskier assets of emerging economies. Yesterday’ US retail sales report improved the market sentiment, though also boosting the US dollar. The positive mood made traders buy South Korean shares, resulting in higher capital inflows into the Asian nation. The Bank of Korea cut interest rates last week, […]
Read moreFollowing our detailed infographic explaining the basics of VPS application in Forex trading, the IT specialists from Swiss Artmotion offer their own interpretation of the trading infrastructure problem. The infographic explains how the trader’s choice of server hardware (and software too) impacts the profits earned and lost. The main idea is that a meticulous selection process of a Forex VPS will help you to avoid many of the menacing obstacles, including high latency, freezes, […]
Read moreThe Bank of Israel made an unexpected move yesterday, cutting its benchmark interest rate. The Israeli new shekel dropped versus the euro today, but rose against the US dollar. The central bank cut its main interest rate by 0.25 percentage points to 1.5 percent. The bank explained its decision by appreciation of the shekel and the similar actions (cutting interest rates) by central banks across the world. Policy makers were also worried […]
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