Day: October 14, 2015

October 14
2015

Live Trading Part of tradimo + One Financial Competition

As I have written before, tradimo partnered with One Financial broker to launch a two-part trading challenge this autumn. The demo part lasted from September 14 until October 2. The live trading part is scheduled to start on November 2 and will last through December 11 of this year. The live trading part is definitely a more fun version of the competition as you get a chance to win control of a $50,000 account […]

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October 14
2015

EUR/USD Continues to March Upward

EUR/USD was rising during almost every trading session in October (with a couple of exceptions) and the current trading session was not different. The main reason for the rally was doubts about the ability of the Federal Reserve to start monetary normalization in 2015. Today’s economic data from the United States added to such concerns as most of the reports were disappointing. PPI slid 0.5% in September after showing no change in August. Forecasters had […]

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October 14
2015

UK Pound Gains on Lower Unemployment and Higher Wages

Sterling is mostly higher today in Forex trading, thanks in large part to the latest, better than expected, economic data. Unemployment data surprised everyone and wage growth remains strong, prompting hopes that the UK economy will pick up and the BOE will tighten monetary policy. Many analysts had expected unemployment figures in the United Kingdom to worsen, but instead unemployment fell to its lowest rate since the middle […]

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October 14
2015

Yen Pulls Back After Yesterday’s Gains

Yen is pulling back a little bit today following yesterday’s gains. While the yen is still higher against an ailing greenback, it is lower against its European counterparts again. Japanese yen is mostly lower against its high beta counterparts today, dropping back against the euro and the pound. However, the yen is still gaining against the US dollar, which is generally struggling today. […]

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October 14
2015

NZ Dollar Recovers After Wheeler’s Speech

The New Zealand climbed today, recovering from yesterday’s speech of Graeme Wheeler, Governor of the Reserve Bank of New Zealand, who talked about the possibility of additional interest rate cuts. Wheeler was delivering speech yesterday, close to the end of the trading session. He was not pessimistic, saying: Recent economic indicators have been more encouraging. Yet he still believed that additional rate reductions are possible: Some […]

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October 14
2015

Aussie Struggles to Find Direction amid Confusing Fundamentals

The Australian dollar was struggling to find direction during the Wednesday’s trading session amid mixed fundamentals. Domestic economic data was supportive for the currency while overseas news was detrimental. The Westpac-Melbourne Institute Consumer Sentiment improved by 4.2 percent in October. It was a rather good reading even though not good enough to offset the last month’s drop by 5.6 percent. The report said that the recent change in Australia’s government […]

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