Day: September 9, 2015

September 9
2015

New Zealand Dollar Stronger Ahead of RBNZ Meeting

The New Zealand dollar rallied against other most-traded currencies during Wednesday’s trading. This turn of events was rather puzzling as the monetary policy outlook is anything but positive for the currency. The Reserve Bank of New Zealand will conduct a policy meeting at the start of Thursday’s trading session. The majority of analysts expect a cut of the main interest rate by at least 25 basis points. The meeting will be followed by press-conference, which may […]

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September 9
2015

BoC Policy Statement Benefits Loonie

The Canadian dollar gained against the euro and the Japanese yen but fell a little versus the US dollar today. The major event for the currency during Wednesday was the policy meeting of the nation’s central bank that turned out to be mildly supportive for the loonie. The Bank of Canada left its main interest rate at 0.5 percent during the Wednesday’s meeting, as was widely expected, and issued a statement that was relatively neutral. The bank cited […]

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September 9
2015

Euro Struggles Continue Even as Risk Appetite Improves

Euro continues to struggle today on the Forex market, even though risk appetite is improving as a whole. Markets around the world are heading higher, including in Europe, and the US markets are set to open higher. However, even with that news, the euro is heading lower against most of its major counterparts. Even as risk appetite improves, the euro is losing ground to its major counterparts. Part of the blame for the euro’s most […]

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September 9
2015

Yen Maintains Decline amid Risk-Favorable Environment

The Japanese yen continued to fall today, extending yesterday’s drop. The market sentiment continues to favor risky traders, making safety of the yen unneeded for investors. The yen has dropped during the previous trading session and continued to move up today amid optimism on the Forex market. Chinese stocks rallied more than 2 percent today, and other global shares joined the parade. As a result, commodity currencies (and some other currencies as well) were […]

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September 9
2015

Pound Lower vs. Dollar, Fares Better vs. Yen

The Great Britain pound dropped today as basically all economic reports from the United Kingdom were bad. The currency managed to maintain the rally against the Japanese yen but had no such luck versus the US dollar. Wednesday’s macroeconomic economic data from Great Britain was underwhelming all across the board, dragging the sterling down. The unexpected drop of manufacturing and industrial production, the worsening trade balance deficit and the persisting shop […]

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September 9
2015

CFTC Warns US Traders About Unregistered Foreign Companies

CFTC is doing its best to protect US traders from the foreign companies that are soliciting American traders without obtaining a proper registration. Today, the US regulatory watchdog launched the RED List of Forex/binary brokers on its SmartCheck platform. The list consists of 19 companies as of today. The majority of them (15) are various binary brokers. Three are Forex brokers: Forex-Metal, FX Choice, and Trader’s Way. And one is […]

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