Day: May 26, 2014

May 26
2014

Euro Rallies on German Consumer Climate, Ignores Negative Factors

The euro rose today as the German consumer sentiment remained stable this month. The currency kept gains even after the speech of European Central Bank President Mario Draghi fueled speculations that the central bank will act in June. The GfK German Consumer Climate index remained stable at 8.5 in May, unchanged from the previous reading. The report said: The mood of German consumers was once again confirmed as rather good in May […]

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May 26
2014

Brazilian Real Rises After Ukrainian Elections

The Brazilian real advanced today due to the positive sentiment on the Forex market after the presidential elections in Ukraine. As for Brazil itself, nation’s policy makers have problems taming inflation without damaging economic growth, but this did not hurt the real, at least for now. The Ukrainian elections have occurred without incidents, while Russian President Vladimir Putin said that he is going to respect the choice of the Ukrainians. This eased […]

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May 26
2014

NZ Dollar Higher, Undeterred by Shrinking Trade Surplus

The New Zealand dollar ticked up today even as the nation’s trade balance surplus shrank more than was expected by analysts. Prospects for the nation’s economy remain positive, making the currency attractive for traders. The surplus of New Zealand’s trade balance shrank to NZ$534 million in April from NZ$935 million in May. This is compared to the median analysts’ forecast of NZ$636 million. The outlook for the New Zealand economy remains optimistic as the nation’s budget […]

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May 26
2014

Loonie Gains Against Greenback on Slow Memorial Day

It’s a slow day for the markets, thanks to the Memorial Day holiday in the United States. However, the FX market is open, and the Canadian dollar is making some progress against its US counterpart as traders look ahead to economic data to be released later in the week. Loonie is getting a bit of a bump today as Forex traders and analysts look ahead to economic data due at the end of the week. Statistics Canada is expected to release […]

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May 26
2014

Multiple Trading Accounts in Forex — Is There Any Point?

For many beginning traders, the first thought about the question in the title of this post would probably result in a negative answer. Obviously, what is the point in diluting your trading capital between more than one account? Many new traders struggle to get enough starting capital to execute diversified strategies and safe position sizing techniques. Dividing it between several accounts would only hurt in that case. In my opinion, despite […]

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