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Day: April 27, 2015
April 272015
Pound Recovers After Poor Start of Week
The Great Britain pound has started the week on soft note but recovered as of now, gaining against other major peers. The currency demonstrated especially big gains against the Japanese yen. News from the United Kingdom itself was not particularly supportive for the currency as the Industrial Trends Survey from Confederation of British Industry came out weaker than markets had anticipated. The report said: The recovery in British manufacturing continued in the three […]
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April 272015
NZ Dollar Gains During Monday
The New Zealand dollar rose during Monday’s quiet trading as weakness of the US dollar helped the currency to log gains. While the start of the week is rather uneventful, the rest of the week should be much more interesting with plenty of important releases. The NZ dollar gained against its US counterpart that has been hurt by Friday’s economic data and remained soft today as the single Monday’s report from the United States […]
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April 272015
Japanese Yen Trades Mixed After BOJ Announcement
Japanese yen is trading mixed against its major counterparts today as Forex traders continue to process the Bank of Japan announcement from the end of last week. Yen is higher against European currencies, but lower against the US dollar. On Friday, the Bank of Japan Governor, Haruhiko Kuroda, indicated that the inflation trend in the country is improving. The output gap continues to improve, and it looks as though “Abenomics” — named after […]
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April 272015
Canadian Dollar Gains Ground Against Major Currencies
Canadian dollar continues to rally today, heading higher against its major counterparts. Even with slightly lower oil prices, the loonie is heading higher, continuing its rally from last week. A rally is under way for the Canadian dollar today, continuing the gains made toward the end of last week. During the Asian session, the loonie has strengthened against its major counterparts. However, there are some […]
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April 272015
EUR/USD Ticks Up During Quiet Trading
Monday’s trading was rather quiet as the release calendar for the day was almost empty. There was a single indicator released from the United States today, and it drove the dollar down against the euro, though the greenback’s losses were small. Markit services PMI fell to 57.8 in April from 59.2 in the previous month while economists anticipated the gauge to stay almost unchanged. Still, the index was far above the neutral 50.0 […]
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April 272015
How Do You Cope with Losses in Forex?
Sooner or later, every FX trader gets struck with an unexpectedly big loss or a line of such losses. Usually, it is just the matter of time and trader’s reaction to the resulting emotional and economical drawdown. The first thing to do is to get rid of the bad emotions. There are many ways to loosen your mind and to stop thinking about the incurred loss. Getting an emotional discharge through alcohol (do not mix it […]
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