Day: May 12, 2015

May 12
2015

New Zealand Dollar Struggles to Keep Gains

The New Zealand dollar is struggling to keep its earlier gains against the US dollar and the Japanese yen during the current trading session. While the currency rallied initially today, it is moving down as of now, trading dangerously close to the opening level. Traders wait for the Financial Stability Report from the Reserve Bank of New Zealand that will be released at the beginning of the Wednesday’s trading session. The report will be followed […]

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May 12
2015

Sterling Remains Strongest with Help of Positive Data

The Great Britain pound continued to rally to new highs today, following yesterday’s strong performance, thanks to the positive macroeconomic data from the United Kingdom. In fact, the sterling is the strongest major currency so far this week. British Retail Consortium reported that retail sales fell in April fro a year ago. Yet the reading was distorted by the Easter holiday, while the 3-month moving average, which removes the distortion, demonstrated […]

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May 12
2015

Low-Risk Bonds Sell Off, Sending Euro Higher

Euro is surging in Forex trading today as low-risk bonds sell off today. The sell-off in low-risk bonds is weighing on European stocks and helping the 19-nation currency gain ground against its major counterparts. As the US dollar consolidates, the euro is getting a little extra help from a sell-off in low-risk bonds. Bonds that carry low risk, like US Treasuries and German Bunds, are selling off, weighing on global […]

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May 12
2015

US Dollar Consolidates as Forex Traders Look for Direction

US dollar is mostly lower today as it consolidates and traders look for direction. With commodities higher and the dollar index lower, it appears that Forex traders are positioning themselves for what might be next. There hasn’t been a lot of meaningful economic data released recently, and that is impacting the greenback’s performance. Right now, the US dollar is in a state of consolidation, and is lower against many of its […]

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