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Day: August 18, 2015
August 182015
Dollar Mixed After Housing Data
Today’s data from the United States was mildly supportive for the US currency, which has been also bolstered by the general risk-negative market sentiment. The dollar gained on the euro but fell versus the Great Britain pound and was flat against the Japanese yen. US housing data was a bit mixed as housing starts came out below expectations. Still, the indicator was at its highest level since October 2007. The strong […]
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August 182015
Euro Could See Strength Down the Road
Now that the worst fears of the eurozone have been put to rest, there is some speculation that the 19-nation currency could return strength in the not-to-distant future, thanks in part to recovery in Spain and stability for Greece. For now, it appears that a measure of stability is returning to the eurozone. Another bailout package has been approved for Greece, and it appears that the country will remain in the eurozone for now. Indeed, even German officials […]
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August 182015
Yen Performs Better Thanks to Woes of Chinese Stock Market
The Japanese yen performed far better today than yesterday. The reason for this was another huge drop of Chinese stocks that drove investors to seek safe assets. The benchmark Shanghai Stock Exchange Composite Index sank more than 6 percent during the current trading session, reinforcing fears of slowdown of the world’s second biggest economy. The news prompted market participants to seek out safe options, like the yen and Swiss […]
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August 182015
Pound Rises as Data Shows Growth of Consumer Prices
The Great Britain pound demonstrated a big jump today, touching the highest level in a month and a half following the release of inflation data. The report showed that consumer prices rose last month, albeit just marginally. The UK Consumer Prices Index was up 0.1 percent in July from a year ago. However small has been the growth, it was still better than the forecasts that promised no growth at all. […]
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August 182015
Best Platform to Trade Forex
More than five years ago, I posted a poll about your favorite trading platform. It has shown an overwhelming popularity of the MetaTrader 4 platform with other platforms as the runners-up. But that was before the full release of the MetaTrader 5 platform, before cTrader, and during time when few brokers offered their own proprietary platforms. Obviously, an updated poll is required to address the new platforms and remove the obsolete […]
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August 182015
Australian Dollar Continues Attempts to Rise
The Australian dollar was attempting to rise yesterday and ticked up a little today. The currency got support from the minutes of the latest monetary policy meeting released by the Reserve Bank of Australia today. The RBA minutes were relatively hawkish, saying: Domestically, economic activity had generally been more positive over recent months. The central bank did not mention plans for cutting interest rates further, though a possibility of another cut […]
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August 182015
Dollar Keeps Gains of Week’s First Trading Session
The US dollar performed rather well during the first session of the current trading week, undeterred by some negative economic reports from the United States. The currency kept yesterday’s gains today. The Empire State manufacturing index showed an abysmal reading of -14.9 in August, which was far below the previous month’s figure of 3.9. Forecasters had completely missed the point, promising an increase ahead of the data. The dollar had slipped after the report […]
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