Markets are clearly risk on today, but the US dollar isn’t weakening quite as much as expected. While the dollar is slightly lower against some of its major counterparts, the performance isn’t enough to sink the dollar index yet. Even with the risk appetite, there is still some dollar strength. The latest news out of China and Syria is helping to promote a bit of a risk on environment in the markets today. Stock markets […]
Read moreThe Indonesian rupiah declined today, demonstrating the biggest drop in almost six years, on speculations that the central bank does not do enough to prevent currency’s depreciation. Indonesian President Susilo Bambang Yudhoyono said today: We need to keep the rupiah exchange rate against the dollar from weakening further. For now, the Bank Indonesia did not act to stop further depreciation. The rupiah plunged as much as 3.2 percent to 11,515 per […]
Read moreSterling is higher against its major counterparts again today, getting a boost from the fact that it seems as though the UK economy is on the road to recovery. There is optimism about what will be said by policymakers about their forward guidance, and there are expectations that things will continue to improve. Economic news out of the United Kingdom has been reasonably positive lately. It has […]
Read moreThe Japanese yen fell today after the Bank of Japan released the minutes of its August policy meeting and as tensions about the situation in Syria eased, reducing demand for safe assets. The Bank of Japan released the minutes of the meeting that was held on August 7–8. The minutes said: Some members pointed out that there was a wider range of positive movements that made use of accommodative financial conditions, as evidenced, for example, by the recent developments […]
Read moreWhat is great about reading a book by Van K. Tharp is that you may expect to get a lot of useful ideas and guidelines for trading without reading anything at all about entry and exit signals, which usually take up a big part in trading books by other authors. is not an exception — you will almost everything about money management for whatever you are trading — be it futures, […]
Read moreThe Canadian dollar traded near the highest level in three weeks against its US peer and at the strongest price in a month versus the Japanese yen after building permits surged. Not all news was good for the currency and it fell against the euro. Building permits jumped by whooping 20.7 percent in July after falling 10.6 percent in June. The forecast of 4.4 percent growth was nowhere near the real increase. Tomorrow’s housing […]
Read moreThe euro jumped after the Sentix Investor Confidence unexpectedly climbed and returned to the positive territory, adding to signs of economic recovery in the eurozone. The index advanced from -4.9 in August to 6.5 in September. The actual increase was well above the forecast value of -4.0. The report said: This is the second-strongest rise of the indicator since its inception in 2003. The index also manages to reach positive territory for the first time since July 2011. The data is […]
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