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Day: July 7, 2014
July 72014
Canadian Dollar Sinks Despite News Being Not That Bad
The Canadian dollar sank today even though the Forex traders’ sentiment towards the currency improved somewhat and not all economic reports from Canada were bad. The currency extended its drop for a second trading session. The Purchasing Managers’ Index of Richard Ivey School of Business dropped from 48.2 in May to 46.9 in June while analysts have promised an increase to 51.3. As for good news, building permits jumped 13.8 percent in May. […]
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July 72014
Dollar Attempts to Extend Rally, Fails
The US dollar attempted to extend the previous week’s rally against the euro today and was successful at the start of the trading session, but reversed its advance later and trades below the opening level as of now. The greenback also fell versus the Japanese yen but rose against the Great Britain pound. Forex market participants argue whether the Federal Reserve will start raising interest rates sooner, prompted by very good employment data, […]
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July 72014
German Data Subdues Euro
The latest data out of Germany is leading to subdued trading by the euro. Concerns about the eurozone economy are still a big part of the picture for the 18-nation currency, and Germany’s lackluster data isn’t helping much. Germany’s latest economic data showed that industrial numbers have slipped. Industrial output in Germany fell 1.8 per cent during the month of May, highlighting a drop that is the biggest in more than 24 months. […]
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July 72014
UK Pound Struggles as Rally Fades
UK pound is struggling today, heading lower against many of its major counterparts, as the recent rally fades. Expectations that the Bank of England would be among the first to start boosting rates again have helped strengthen the pound, but the situation has leveled out and the pound is lower. Even though the recent British PMI reading was better than expected, the recent rally seems to be coming to a close […]
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July 72014
What Else Do You Need to Reach Success in Forex Trading?
If you are already practicing currency trading, you are probably aware of those things that prevent you from going full-time or at least reaching a sufficiently profitable level. Objectively, those factors are not necessarily the real cause of failures, but getting them fixed will definitely help, at least from the psychological point of view. Many traders believe that their results can improve if they […]
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