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Day: February 16, 2015
February 162015
Australian Dollar Hurt by Lackluster Motor Vehicle Sales
The Australian dollar was neutral-to-lower today as nation’s macroeconomic data was lackluster, making the currency unable to profit from the strong performance of the commodity market. Performance of the Australian currency often tracks moves of prices for raw materials as Australia is an export-oriented economy, and commodities performed well today across the board. Yet the Aussie found no support from that fact as domestic fundamentals were detrimental to the currency. The Australian Bureau of Statistics reported […]
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February 162015
NZ Dollar Gains on Positive Retail Sales Data
The New Zealand dollar started the week strong, rallying to the highest level in three weeks against its US counterpart and the Japanese yen. The currency got help from solid retail sales from New Zealand. New Zealand’s retail sales were up 1.7 percent in the fourth quarter of the last year from the previous three months, beating analysts’ projections. The core component of sales grew 1.5 percent, also beating expectations. […]
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February 162015
Japanese Yen Gains After GDP Report
Even though the GDP report for Japan wasn’t as optimistic as hoped for, there is evidence of recovery, and that is helping the yen a little bit today in Forex trading. Yen is higher against its major counterparts. The latest GDP report from Japan indicates that the annualized growth rate for the economy was at 2.2 per cent in the three months through December. While this indicates that the Japanese economy continues […]
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February 162015
Could China Devalue the Yuan?
Right now, there is speculation that China might end up with no choice but to devalue the yuan (also called the renminbi) if the economic situation doesn’t improve soon. Policymakers in Beijing have spoken out against the idea, but some analysts think that there might not be an option. For now, China has things mostly under control. It’s true that recent data out […]
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February 162015
Negative Balance in Forex Trading
As you probably know already, there are now thousands of live Forex trading accounts with negative balance, which occurred thanks to the surprise EUR/CHF floor removal by the Swiss National Bank on January 15. Some of them have been covered at the expense of the brokers, some were left by the traders with the intent to never touch them again, some are being replenished voluntarily, while others are getting helped by the broker’s […]
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