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Day: November 10, 2014
November 102014
Yuan Backed by Economic Data
The Chinese yuan gained today due to positive data about trade balance and consumer price inflation, which has been released in China over the weekend. As for negative indicators, producer prices fell more than was expected. According to the Customs General Administration of China, the trade surplus widened from $31.0 billion in September to $45.4 billion in October. The actual value exceeded the median projection of $41.6 billion. The National Bureau of Statistics reported […]
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November 102014
Franc Close to Cap as Referendum Looms
The Swiss franc rose against the euro today, moving closer to the ceiling of 1.20 francs per euro. The Swissie advanced as the voting for new regulations nears. The currency was also rising versus the US dollar but lost its gains as of now. Citizens of Switzerland will decide at referendum on November 30 whether some fiscal regulations should be changed. One of such changes is an increase of gold ratio in central bank’s reserves […]
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November 102014
Dollar Poised for Correction?
The US dollar was demonstrating amazing performance lately, rising to multi-year highs against many majors. But can the currency keep its upward momentum? It is not an easy question to answer. On one hand, most fundamentals remain bullish for the greenback. On the other, markets rarely go straight in one direction for long. Usually, some form of correction occurs, giving traders a chance to enter an existing trend. The problem is to catch […]
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November 102014
Loonie Gains Some Ground After China Swap Agreement
The Canadian dollar is gaining a little bit of ground today, following an announcement of a currency swap arrangement with China. Also helping the loonie today is the fact that oil prices are moving higher again. Loonie is gaining ground today as the factors that generally help the Canadian currency improve. Oil prices are higher today, thanks in part to positive Chinese economic data. China’s solid performance is […]
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November 102014
What Is the Best Timeframe to Trade Forex?
Is there such thing as the best timeframe in Forex trading? I do not think so, but there are some rather important properties of trades that change significantly with the chosen length of timeframe. This creates conditions for preference depending on one’s trading style, personal traits, money management system, and goals. Lower timeframes offer more trading opportunities. Increased number of trades leads to increased spending on bid/ask spreads. […]
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