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Day: June 9, 2015
June 92015
NZ Dollar Traders Near Opening Level
The New Zealand dollar had fallen initially during the Tuesday’s trading session but has bounced later and is trading close to the opening level as of now. This week should be rather important for the currency due to the upcoming central bank’s policy meeting. New Zealand’s manufacturing sales fell 2.8 percent in the first quarter of this year from the previous three months. While the report is not a particularly important one, […]
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June 92015
Australian Dollar Falls as China’s Data Disappoints
The Australian dollar fell today due to the negative macroeconomic data from China. Economic indicators from Australia itself were moderately positive but did not support the nation’s currency. China’s annual inflation slowed to 1.2 percent in May from 1.5 in the month before, falling short of market expectations of 1.3 percent. The Producer Price Index dropped 4.6 percent last month. Today’s reports followed yesterday’s data that […]
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June 92015
Even Trade Data Can’t Help UK Pound
UK pound is still struggling, even after the release of positive trade data. Concerns about a possible exit from the European Union are causing concern for the sterling. The latest trade deficit data indicates that the situation in the United Kingdom is improving. The Office of National Statistics has reported that the deficit narrowed to 1.2 billion pounds in April, representing the lowest level in more than a year. There are hopes that […]
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June 92015
E-Book Review: Introduction to Elliott Wave Theory
Elliott Wave theory is a popular topic in Forex trading — almost 20% of this blog readers use EW in their analysis. Last year, I have uploaded a book, which offers a new approach to achieve a definitive wave count in Elliott Wave analysis. Today, I bring to your attention another free e-book — Introduction to Elliott Wave Theory. It was created by Muhammad Azeem, a certified Elliott Wave analyst and an author of our […]
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