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Day: August 12, 2013
August 122013
End of Eurozone Recession Not Helping the Euro Right Now
Expectations are that the eurozone recession ended the second quarter of 2013. However, even with this optimistic expectation, the euro is still struggling. The 17-nation currency is down against many of its major counterparts, but good news could help the euro regain the upper hand later this week. Right now, economists and analysts feel that the eurozone probably moved out of recession during the second quarter of 2013. […]
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August 122013
US Dollar Back in Demand as Stocks Falter
US dollar is back in demand after a bit of earlier weakness today. Stocks are faltering a bit, especially the S&P 500, which is below the swing top seen in May. With risk aversion on the rise, the greenback is demand and gaining against its major counterparts. While US stocks are a little higher in trading, they aren’t doing that well. Indeed, they are struggling a bit, with the S&P […]
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August 122013
Swiss Franc Drops After Danthine’s Comments
Swiss National Bank Vice President Jean-Pierre Danthine said that the central bank will drop the currency cap when it starts raising interest rates. Such comments could have boosted the Swiss franc if not the fact that the SNB is not going to lift rates in the foreseeable future. Danthine said: The day the SNB decides to raise rates, there can no longer be a restricting minimum exchange […]
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August 122013
Yen Falls as Japanese GDP Slows More than Expected
The Japanese yen fell today as the nation’s economy slowed last month more than was expected by market participants, sparking talks about additional monetary easing from policy makers. Japanese gross domestic product grew 0.6 percent in the second quarter of 2013, compared to the forecast of 0.9 percent. Annual growth slowed from 3.8 percent in Q1 to 2.6 percent in Q2, while it was expected to be little-changed at 3.6 […]
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August 122013
Reacting to Criticism of Your Forex Trading Style
Whenever you share details of your trading strategy or some traits of your trading style, you become a target of criticism, coming from both experienced traders and those who have no idea what they are talking about. For a professional trader it is important to stay calm and apply rational thinking when it comes to real or alleged disadvantages in his system. Unfortunately, it is not often an easy […]
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