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Day: December 9, 2014
December 92014
Euro Gets a Temporary Boost
Euro is heading higher today, gaining ground against most of its major counterparts, as commodities gain and as Forex traders consolidate previous positions. Earlier, the euro had reached a two-year low against the US dollar, falling on expectations that the Federal Reserve will raise rates sooner rather than later. However, after reaching that low, things started turning around when Forex traders began consolidating their […]
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December 92014
US Dollar Mostly Lower on Profit Taking and Consolidation
Greenback is losing ground today, thanks in large part to profit taking and consolidation going on right now. At the end of last week, good economic news sent the US dollar soaring, but now it seems as though Forex traders are ready to take a step back and consolidate their positions. US dollar is mostly lower today as Forex traders and others consider their positions and take profits. Greenback is […]
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December 92014
When Did You Last Trade Forex? Poll.
It looks like the Forex market has been offering a lot of excellent trading opportunities lately with many currency pair hitting multi-year record lows or highs. Part of this price action can be attributed to a rich diversity of the released macroeconomic reports across the world. Another part is definitely rooted in the commodity market volatility and important geopolitical conflicts. On the other hand, many traders could be discouraged to trade […]
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December 92014
Australian Dollar Drops Sharply with Business Confidence
The Australian dollar fell sharply today after the business confidence indicator of National Australia Bank dropped last month. It added to talks about a potential interest rate cut from Australia’s central bank. NAB Business Confidence, which held steady at 5 in October, dropped to 1 in November. The report noted: Firms uncertainty over the outlook for their industries was reflected in a further erosion of business confidence. Confidence levels vary […]
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