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Day: March 3, 2014
March 32014
Greenback Gets Boost from Ukraine Crisis
Risk aversion is running high right now, thanks in large part to concerns about what’s happening in Ukraine. Protests in Ukraine have led to the ouster of its president, and now Russian troops are moving in for “war games.” With concern that the region could explode, some Forex traders and investors are playing it safe. US dollar is gaining against its high beta counterparts right now, thanks […]
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March 32014
Yen Profits from Geopolitical Risks
The Japanese yen advanced today as the escalating tensions between Russian and Ukraine threaten the global geopolitical stability, making investors to flee from riskier assets and seek a safe haven for their capital. The yen often profits from fears and uncertainty. And there is definitely a reason to be afraid now as some experts say that the political tension in the Eastern Europe may spark a new Cold War. Unsurprisingly, the ruble was down, while […]
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March 32014
Bank of Russia Unable to Prevent Ruble’s Drop
The Russian ruble dropped today despite the surprise interest rate hike from Russia’s central bank as the country’s involvement in the conflict with Ukraine threatens to worse its international relations. The Central Bank of the Russian Federation announced today: The Bank of Russia Board of Directors decided to temporarily increase the Bank of Russia key rate to 7.00% effective from 11:00 Moscow time 3 March 2014. The decision is aimed at preventing the risks for inflation […]
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March 32014
Best Indicator for Divergence Trading?
Divergence between the price chart and the corresponding oscillator indicator levels is a well-known trading signal. It is based on the fact that if the momentum indicator (which should be non-laggging) fails to continue with the current trend direction, the trend’s exhaustion is to follow. Here is an example of a bullish divergence signal. The price shows a new lower low, but the CCI indicator fails to show a lower low, signaling a probable reversal […]
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March 32014
EUR/USD Dips, Driven Down by Data from USA
EUR/USD dipped today, following Friday’s jump, as US macroeconomic reports were good across the board. The currency pair also dropped as fears grow that the tensions between Russia and Ukraine may escalate into a full-scale war, which may involve the United States and Europe. Growth of personal income and spending accelerated January. Income rose 0.3% in January after showing no change in December. Spending grew 0.4% following the 0.1% […]
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