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Day: June 8, 2015
June 82015
Euro Jumps Against Other Majors Despite Concerns About EU Integrity
The euro jumped against the basket of major currencies today, surging more than 1 percent versus the US dollar and the Great Britain pound. The currency has rallied even though there are significant concerns about the integrity of the European Union. Of course, there is the problem with Greece that is in danger of a default as the bailout program near to an end in June. So far, the indebted country refused to take necessary austerity measures […]
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June 82015
Australia Bounces After Poor Start of Trading
The Australian dollar has started the Monday’s session poorly due to the news from China released during Asian trading hours. Yet as of now, the currency managed to bounce against the US dollar and the Japanese yen, though retained its losses versus the euro. According to the data released today, China’s trade surplus has increased last month. While an improving trade balance usually is a good sign, this time the improvement has […]
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June 82015
Loonie Loses Ground After Ending Last Week Strong
Canadian dollar ended last week on a strong note, but the currency is mostly lower today as a new week gets under way. Forecasts expect to see the loonie weaken through the rest of 2015. Even with the positive jobs report issued at the end of last week, the Canadian economy still faces some challenges for the rest of 2015. One of the biggest issues likely to weigh on loonie performance is oil. Oil prices continue […]
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June 82015
Turkish Lira Sinks to Record Low After Elections
The Turkish lira plunged to the all-time low against the US dollar today after the ruling party failed to secure a majority in the parliament, increasing political uncertainty in the country. The ruling Justice and Development Party, or AKP, has lost its parliamentary majority for the first time since 2002, resulting in a fragile minority government. This may derail any plans that President Recep Tayyip Erdogan has and destabilize the political landscape in the country. Turkeyâs benchmark […]
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June 82015
US Dollar Lower on Profit Taking; Dollar Index Still Higher
US dollar is falling in some of its currency pairs today as profit taking after the surge at the end of the week sets in. Dollar index is still managing to remain higher, however. Greenback surged at the end of last week, thanks to better than expected nonfarm payrolls numbers. Other data has many speculating that the Federal Reserve will decide to raise interest rates as early as September. Today, after the gains […]
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June 82015
Yen Gains After Final Revision of Japan’s GDP
The Japanese yen logged gains today after the final revision of the nation’s economic growth has turned out to be better than analysts had expected. The yen gained against such currencies as the US dollar and the Great Britain pound. Japan’s gross domestic product grew 1 percent in the first quarter of this year from the previous three months compared to the preliminary estimate of 0.6 percent and the expected increase of 0.7 percent. Year-on-year, […]
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June 82015
Do You Trade on Cent Account?
My recent post about the history of cent accounts has attracted some attention from this blog’s readers. It looks like despite their common disadvantages (higher spreads, poorer choice of instruments), cent accounts remain a popular draw for many traders. I would point out the following cases where cent trading may come handy: Getting used to Forex trading for complete newbies. Getting used to a new FX broker. […]
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