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Day: September 22, 2015
September 222015
US Dollar Mostly Higher Today Against Its Major Counterparts
US dollar is mostly higher today, gaining ground as Forex traders look forward to the possibility of a rate hike from the Federal Reserve. Additionally, there are indications that the role of the US dollar on the Forex market might be changing. Even though the US Federal Reserve kept its benchmark the same last week, the greenback is on the rise, thanks in large part to expectations for a rate hike in the relatively near future. Even […]
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September 222015
QE Talk Weighs on Euro/Dollar Pair in Forex Trading
Euro is struggling against the US dollar again as talk of quantitative easing continues. With the idea that more money needs to be circulated through the system, and the idea that eurozone rates aren’t heading higher any time soon, it’s little surprise that the euro is down against the dollar. There is speculation that the European Central Bank will need to keep its bond-buying program in place longer […]
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September 222015
Great Britain Pound Slumps After UK Budget Deficit Widens
The Great Britain pound slumped against the major peers today. Domestic macroeconomic data was detrimental to the currency, showing that the budget deficit widened last month. UK net public borrowing increased by £1.4 billion to £12.1 billion in August from a year ago, far above the median analysts’ forecast of £9.0 billion. It was the biggest shortage for the month of August since 2012. The negative data made traders question the Bank […]
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September 222015
Aussie Fails to Rally Despite Help from Australian HPI
The Australian dollar attempted to rally on the back of positive domestic housing data but failed. The currency dropped versus the US dollar and slumped 1 percent against the Japanese yen. Australia’s House Price Index rose 4.7 percent in June quarter from the previous three months. The increase was far bigger than the predicted 2.5 percent. Yet the data provided little help to the Aussie, being overshadowed by the slump of commodity prices and speculations […]
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September 222015
Monetizing My Fed Fund Rate Forecast
Right after the recent interest rate announcement by the Fed’s FOMC on September 17, I have decided that there is some money to be made in market’s persistent expectation of the rate hike in the USA. It is consistent with my long-term view on the US interest rates for 2015. The natural way to monetize my disbelief in the higher interest rates was to buy a 30 Day Federal Funds Futures contract on CME. I have checked EXNESS, AGEA, […]
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