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Day: January 6, 2014
January 62014
UK Pound Struggles as Economic Data Weighs
UK pound is struggling today, barely etching out gains against major currencies. The latest services output data disappointed analysts today, showing a drop instead of an increase. Concerns about the UK economy are on the rise now, thanks to this latest data. Markit Economics reports that the services output gauge fell to 58.8 in December, down from 60 in November, This comes as a surprise, since many had expected […]
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January 62014
Euro Area Services Reading Helps Euro in Forex Trading
Euro is higher today, gaining ground as the latest euro area services reading from Markit Economics indicates continued expansion. The expansion is at a slower rate, true, but it’s still expansion. German stocks are doing well, and Germany in general seems to be doing just fine, leading the eurozone to better growth. The latest services index reading from Markit Economics shows that the euro area slowed to 51 […]
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January 62014
EUR/USD Starts Week with a Rally
EUR/USD reacted positively to the mixed reports that came out of the eurozone earlier today. The pair rose during the European trading session and continued its rally even following a not-so-goodpreliminary German inflation report. Mixed US data pushed the currency pair even farther up. US ISM services PMI went down from 53.9 to 53.0 in December, while a rise to 54.7 was expected by the majority of traders. (Event A on the chart.) Factory […]
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January 62014
Binary Options vs. Vanilla Options in Forex Trading
According to my last year’s poll about 15% of this blog’s readers use binary options and in their currency trading. 15% also use other types of financial options to trade Forex. Although it is not much compared with the popularity of the spot market, the options can be very useful in portfolio of every trader. However, there are two problems when dealing with online options trading industry: Contents […]
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