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Day: October 26, 2015
October 262015
EUR/USD Edges Higher After Last Week’s Huge Slump
EUR/USD ticked up today following last week’s huge drop. It is not a surprise to see a correction after the currency pair has dropped so far so fast. The disappointing US housing data was not helping the dollar either. Yet it will take more than just a small correction for traders to believe that the euro is ready to regain strength. New home sales were at the seasonally […]
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October 262015
How Forex Brokers React to News?
Three quarters of this blog’s readers follow Forex news to some degree. I assume that some part of them is actively engaged in news trading . (By the way, we have a strategy description for trading the important news.) Brokers that execute trades during the high-impact news releases have to deal with abnormally high volatility, which results in certain problems for the order execution process. Spread widening is a simple way […]
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October 262015
Week Starts with Correction for US Dollar
The US dollar fell against its major peers today, correcting after the last week’s huge jump. Economic data from the United States added to the pressure on the US currency. New home sales were at the seasonally adjusted annual rate of 468,000 in September. It was not only below the previous month’s revised value of 529,000 but also missed the analysts’ projection of 546,000. The dollar has pulled back as a result of the disappointing […]
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October 262015
China Continues to Help Australian Dollar
The Australian dollar gained today on hopes that China, the biggest Australian trading partner, will stimulate its economy. The Aussie rallied against the US dollar and demonstrated small gains against other major currencies. The Australian currency rose together with the New Zealand one as Chinese policy makers demonstrated willingness to reignite the slowing economic growth. The commodity-related Aussie gained even though the market of raw materials did not fare […]
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October 262015
Kiwi Sees Help From PBOC Rate Cut
New Zealand dollar is gaining against some of the major currencies today, thanks in large part to the latest rate cut out of China. Kiwi is expected to remain relatively steady through the end of 2015, although the situation could change in the new year. The People’s Bank of China recently cut its benchmark rates, making for the sixth time in a year that the central bank has adjusted rates lower. The news is helping […]
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October 262015
UK Pound Mostly Higher Against Major Counterparts
Although the UK pound is struggling against some currencies, like the Aussie and the kiwi, it is seeing some success against the dollar and the euro. However, some Forex traders are starting shift into wait and see mode with economic data set for release later this week and with talk of a “brexit” from the European Union being entertained. Right now, the sterling is seeing gains against its major […]
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