Day: July 19, 2013

July 19
2013

Canadian Dollar Ends Friday Mixed

The Canadian dollar was mixed after inflation report on Friday. The currency rose against the US dollar, fell against the euro and closed flat versus the Japanese yen. As was expected, annual inflation accelerated to 1.2 percent in June from the May’s reading of 0.7 percent. Consumer prices were unchanged on a monthly basis, while an increase by 0.2 percent was expected by analysts. Core inflation fell 0.2 percent after rising at the same […]

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July 19
2013

US Dollar Loses Ground after Bernanke Remarks

Greenback is heading lower today, following some gains in the wake of positive economic data. Even with the positive data, though, the US dollar is losing ground as concern about the latest remarks from Ben Bernanke weigh on its performance. Recent economic data shows that economic recovery appears to be moving at a reasonable rate right now. With initial jobless claims down, and with the latest manufacturing report […]

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July 19
2013

Aussie Gains Ground after Bernanke Testimony

Australian dollar is gaining ground today following yesterday’s somewhat dovish remarks from Ben Bernanke. Aussie is sensitive to movements in the dollar, as well as expectations for the global economy and gold prices (which are slightly higher). Right now, the Aussie is heading higher against its major counterparts, thanks in large part to the latest comments made by Federal Reserve Chair Ben Bernanke. In his testimony before Congress, Bernanke […]

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July 19
2013

Ringgit Erases Losses on Inflation & Risk Appetite

The Malaysian ringgit fell today, but erased losses amid risk appetite and as data showed that inflation in the Asian nation was stable and at a high level last month. Higher-yielding currencies have found favor of Forex traders after concerns about stimulus reduction in the United States were alleviated. It is still possible that the Federal Reserve will trim its asset purchases, but such move is in no […]

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July 19
2013

Rand Gains After Bernanke’s Speech & Central Bank’s Meeting

The South African rand rose today as Federal Reserve Chairman Ben Bernanke quelled fears of imminent quantitative easing reduction and after the South African central bank left monetary policy unchanged. Bernanke said during yesterday’s testimony that it is “way too early to make any judgment”. He noted earlier that monetary policy is “by no means on a preset course”, alleviating worries that stimulus will […]

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July 19
2013

Why cTrader Is Still a Contender?

During the four months that have passed since I had written my introductory overview of the cTrader platform, the software received several important updates from its developers. I was quite excited to find out some of the changes yesterday when I tried to convert one of my new indicators, so I think it is about time I give my opinion on them. It is now possible to change the chart’s trading symbols retaining all the chart […]

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July 19
2013

Yen Falls Ahead of Parliamentary Elections

Japanese yen fell today on speculations that the upcoming parliamentary elections in Japan may reinforce Japanese Prime Minister Shinzo Abe’s push for policies aimed at weakening the currency. The vote on July 21 may help Abe to secure both chambers of the parliament. In such case he will have more freedom in implementing measures to support the nation’s economy. One of such measures was weakening of the yen. The currency halted its decline after […]

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