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Day: August 23, 2013
August 232013
Loonie Erases Losses as Inflation Accelerates
The Canadian dollar was falling today, but managed to pare losses before the end of the trading session as Canada’s inflation accelerated even though it was still below forecasts and the central bank’s target. Statistics Canada reported that the Consumer Prices Index rose 1.3 percent in July, up 0.1 percentage point from June, but still trailing the forecast of 1.4 percent. Core inflation accelerated to 1.4 percent, also […]
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August 232013
Rand Gains While Other Risky Currencies Decline
The South African rand was able to strengthen today even though the vast majority of commodity-related currencies experienced weakness due to concerns about possible stimulus tampering in the United States. The Federal Reserve released the minutes of its policy meeting earlier this week, suggesting that reduction of asset purchases is likely later this year. The announcement resulted in widespread risk aversion on the Forex market. Most risky currencies remain under […]
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August 232013
GBP/USD Falls Even as GDP Revised Positively
The Great Britain pound attempted to rally against the US dollar today, but failed even though UK economic growth was revised upward in today’s report. The currency tried to keep gains versus the Japanese yen, but struggled to do this. The Office for National Statistics released the second estimate of UK gross domestic product, which showed growth by 0.7 percent, up 0.1 percentage point from the previous estimate. The data […]
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August 232013
Yet Another Unremarkable VPS
It seems like nowadays VPS companies aimed at Forex traders do not think twice about their naming. They choose to go with the best SEO-wise available domain name, which should also sound more like a service name rather than a brand. Should the traders be worried? I do not think so, unless they plan to trust a really big live account to trade from such […]
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August 232013
Yen Weakens Ahead of Kuroda’s Speech
The Japanese yen fell yesterday and extended the decline today ahead of the speech of Bank of Japan Governor Haruhiko Kuroda, which he will deliver in Jackson Hole tomorrow. Kuroda will speak at the Federal Reserveâs annual monetary conference tomorrow. He will likely explain the policy decisions the BoJ has done and speak about future actions of the central bank. Experts think he will maintain bias for monetary accommodation, which is […]
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