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Day: September 29, 2014
September 292014
US Dollar Strengthens on Uncertainty and Unrest
Greenback is heading higher again, thanks in large part to the uncertainty and unrest that continues to plague the world. Also helping the US dollar is the latest economic news, which is fueling speculation that interest rate hikes could come sooner rather than later. Dollar index is higher today, and the greenback is gaining against its major counterparts, thanks in large part to uncertainty and unrest in many areas […]
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September 292014
Euro Expected to Remain Lower
Euro is mostly lower today against its major counterparts, and is expected to remain weak for some time. The latest inflation figures are about to be released, and policymakers have already indicated their willingness to do what it takes to weaken the euro in the name of economic stimulus. Euro is mostly lower today against its major counterparts, falling as more indications of a slower economy are expected to show today. […]
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September 292014
EUR/USD Recovers on Moderate US Data
The euro managed to rise today following a rather good report on the US income and spending growth and a moderately poor report on housing. The currency pair failed to rally, but is still showing a nice intraday uptrend. Personal income and spending increased by 0.3% and 0.5% respectively in August. Income grew in line with the forecasts, spending increased slightly faster. Income rose by 0.2% in July, while spending fell by 0.1% that month. (Event […]
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September 292014
Do You Measure Angles on Forex Charts?
I will not write any detailed explanations of the question as I usually do with my other Forex polls because I do not want to tilt the results of the poll to one side or another. I will just ask the question below: Do you measure angles on Forex charts? Yes. Yes, but only with fixed 1:1 scale. No. View Results Loading … If you have more to say about how […]
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