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Day: February 17, 2014
February 172014
Conflicting Fundamentals Leave Kiwi Without Clear Trend
The New Zealand dollar was flat today against its US counterpart and the euro because of conflicting fundamentals. On one hand, the news from China was good, boosting risk appetite among Forex traders. On the other, domestic economic data was not helpful for the New Zealand currency. The kiwi managed to rise versus the Japanese yen. New bank lending in China jumped almost three times in January from the previous month, […]
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February 172014
Yen Drops as Economic Growth Misses Forecasts
The Japanese yen fell today as the nation’s economy disappointed traders, growing slower than was predicted. This led to speculations that policy makers will introduce additional monetary easing and take actions to prevent strengthening of the currency. Japanese gross domestic product expanded by just 0.3 percent in the fourth quarter of 2013, the same rate as in the third quarter, while market participants have hoped for 0.7 percent growth. Furthermore, expansion of industrial […]
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February 172014
Pound Rises with House Prices, Unable to Keep Gains
The Great Britain pound reached the highest level in more than four years against the US dollar and the strongest in a year versus the euro before retreating below the opening level today. The rally followed yet another positive macroeconomic report from the United Kingdom. Rightmove reported that the House Price Index rose 3.3 percent in February from January, when it advanced 1.0 percent. The data allowed the sterling to reach news […]
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February 172014
High-Frequency Trading in Forex — Good or Bad?
High-frequency trading (HFT) seems to be a hot topic both in financial trading community and among common laymen who are concerned with the consequences of such trading practice. Italy passing a tax on HFT transactions and the calls from the general public to restrict HFT signal about a rather controversial situation with the subject matter. High-frequency trading can be defined as automated (algorithmic) trading with extremely fast execution (milliseconds or even […]
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