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Day: September 20, 2013
September 202013
Pound Unable to Maintain One-Way Movement to Upside
The Great Britain closed lower today despite another positive economic report that added to evidences of recovery in the United Kingdom. Forex traders were concerned that the currency was going too long in one direction. Public sector net borrowing excluding temporary effects of financial interventions was at £13.2 billion in August. It was £1.3 billion lower than the budget deficit of £14.4 billion a year ago. Analysts have […]
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September 202013
Loonie Retreats with Slowing Consumer Inflation
The Canadian dollar dropped today as growth of consumer prices slowed, giving the central bank no incentive to tighten its monetary policy. The currency was also falling on speculations that the previous rally was excessive. The Canadian Consumer Price Index rose 1.1 percent in August, year-on-year, after increasing 1.3 in the previous month. Monthly inflation remained at 0.1 percent. The data suggested that the Bank of Canada is in no hurry to raise […]
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September 202013
Euro Gets Help from Improved Morale
Euro is getting a little help today, thanks to improved morale in the eurozone. Even though the 17-nation currency is struggling against the US dollar, the euro is higher against some of its other major counterparts. There is a lot for Forex traders to think about as this week draws to a close. The European Commission announced earlier today that consumer sentiment has improved in the eurozone. A rise from -15.6 points in August […]
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September 202013
US Dollar Slightly Higher on Speculation of “Octaper”
US dollar is a little bit higher today. Some traders are looking at the recent and positive US data, and others are considering the Federal Reserves somewhat surprising decision earlier this week to put off the taper. But what seems to be offering the most help to the US dollar right now is the possibility of the Fed beginning its asset purchase program in October. Even though the Federal Reserve decided not […]
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September 202013
Indonesian Rupiah Struggles to Keep Gains
The Indonesian rupiah was another Asian currency that profited from the Federal Reserve announcement, but is moving down right now on speculations that the rally was overdone. The Fed shocked the Forex market as the US central bank decided to keep quantitative easing intact. The riskier currencies (including the rupiah and the ringgit) soared, while safer ones experienced sell-off. Now, though, the rally stalled on speculations that the currencies have rallied […]
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September 202013
Malaysian Ringgit Head to Best Week Since 1998
The Malaysian ringgit fell today, but still headed to the best weekly rally since 1998 as absence of quantitative easing tampering from the Federal Reserve spurred riskier currencies of emerging markets. The Fed’s decision led to the huge rally of higher-yielding currencies and they were able to keep the most of its gains even though some of them (including the ringgit) retreated a little. The ringgit has rallied 4 percent this week and other Asian […]
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September 202013
MetaTrader 4 for Dummies by Liam O’Brien
One of the site’s visitors asked me to find the book called MetaTrader 4 for Dummies. After some searching, I decided to share my find with the rest of you. Although it may be called an e-book, MetaTrader 4 for Dummies is more like a collection of small tutorials and tips. It lacks the content structure of a book. It was compiled by Liam O’Brien, the owner of now defunct website MetaTraderGlobal.com. I use the term compiled instead […]
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September 202013
Yen Experiences Massive Sell-Off
The Japanese yen experienced a massive sell-off as Forex traders felt no need for the safe currency in the trading environment that was favorable to risky investments. The currency slumped even against the US dollar. The traders’ mood was elevated after the US Federal Reserve refrained from tampering its quantitative easing program. For a long time, market participants were concerned about possible negative implications of QE reduction on vulnerable economies of the world. […]
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