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Day: June 2, 2015
June 22015
Pound Rallies After Construction PMI, Struggles to Keep Gains
The Great Britain pound rose today as Britain’s construction Purchasing Managers’ Index climbed last month, exceeding analysts’ expectations. The rally was not big, though, and the currency is struggling to keep its gains. The seasonally adjusted Markit/CIPS UK Construction PMI climbed from 54.2 to 55.9 in May, versus the median forecast of 55.1. The currency had jumped after the report but has retreated afterwards, though the sterling is trying […]
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June 22015
Australian Dollar Moves Higher After RBA Policy Statement
The Australian dollar rallied today following the monetary policy statement from the Reserve Bank of Australia. The central bank did not change its policy, and the statement did not say anything particularly new, but also did not mention a possibility of an additional interest rate cut. The RBA left its main interest rate at 2 percent at today’s meeting, saying: Having eased monetary policy last month, the Board today […]
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June 22015
US Dollar Struggles, Supporting Commodities
US dollar is struggling today, and that is helping commodities as the greenback drops against its major counterparts. Dollar is also lower as Forex traders position themselves for a Greek bailout deal and look to the future. Dollar index is lower today, falling as the greenback drops against most of its major counterparts. The US dollar is struggling today after seeing gains recently. Many Forex traders are consolidating […]
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June 22015
The History and Future of Cent Accounts
Contents 1 Mechanics 2 History 3 Advantages 4 Disadvantages 5 Future Cent account is a Forex trading account denominated in USD cents instead of the US dollars. Euro cent accounts are also used but they are less popular than USD cent accounts. Centesimal units of other currencies can also be utilized by the brokers as trading account denomination, but none are as widely used […]
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