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Day: September 1, 2014
September 12014
Indian Rupee Erases Losses
The India rupee retreated today on speculations that the nation’s central bank intervened in order to prevent excessive appreciation of the currency that may hurt the country’s economic growth. The currency managed to pare losses and resumed its rally as of now. The rupee rallied together with Indian stocks as recent economic data from the country was positive. In the second quarter of this year, gross domestic product demonstrated fastest growth in more than two […]
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September 12014
USD/RUB Reaches Record High on Sanctions Worries
The Russian ruble fell to the all-time low against the US dollar today as concerns about sanctions from the United States and the European Union continue to erode the attractiveness of the currency to investors. The conflict between Ukraine and Russia that has begun in March with annexation of the Crimean Peninsula continues to this day. This led to sanctions from the USA and the EU, the last of which were implemented just recently. It is expected that these measures […]
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September 12014
Is Slippage a Problem for Your Forex Trading?
Slippage is considered a serious problem among Forex traders who share their problems in broker reviews and on forums. The most significant effect of slippage is felt during the major news releases and other high-volatility bursts. The loss resulting from slippage can sometimes reach the same value as the original stop-loss of the slipped trade. Following factors contribute to excessive slippage losses: Usage of stop orders (stop-loss or pending stop buy/sell). Short-term […]
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