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Day: November 3, 2015
November 32015
Interview with Abhijit S. Kulkarni (Founder of FX PIP CHAMP)
FX PIP CHAMP is an online educational website that offers Forex training programs — one-on-one, group training, and online tutoring. Their aim is not to teach some particular skills but rather to set an applying new trader on a path of consistently profitable trading. Abhijit Kulkarni is the head of the facility. He offered to answer some question regarding their vision of modern currency trading education: What is […]
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November 32015
Pound Flat vs. Dollar, Gains on Yen
The Great Britain pound was little changed against the US dollar and gained on the Japanese yen even though today’s report showed that growth in the UK construction sector slowed. Yesterday, the currency performed worse even though economic data was far better. The seasonally adjusted Markit/CIPS UK Construction Purchasing Managersâ Index fell to 58.8 in October from 59.9 in September. Released yesterday, the seasonally adjusted Markit/CIPS Manufacturing Purchasing […]
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November 32015
Australian Dollar Rallies as RBA Holds
The Australian dollar rallied today as the nation’s central bank left monetary policy unchanged. The currency gained even though the statement mentioned the possibility of an interest rate cut in the future. The Reserve Bank of Australia decided to keep its key cash rate at 2 percent at today’s policy meeting. Concluding the statement released after the gathering, Governor Glenn Stevens said: Members also observed that the outlook for inflation may afford scope for further […]
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November 32015
Optimism for US Economic News Boosts Dollar
US dollar is getting a little bit of help today, thanks to some optimism about what might be next for the economy. It’s expected to be a big week for the US dollar. Recent economic data has been somewhat hopeful. While manufacturing activity is at a relatively weak level for October, but improved new orders data and increased construction spending helped balance it out. What many Forex traders […]
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November 32015
Is a Freely Traded Chinese Yuan on the Way?
According to Chinese leaders, the time has come for a freely traded Chinese yuan. An announcement made today indicates that the Chinese are ready to let the yuan trade freely by 2020. Earlier today, Chinese leaders released a short statement claiming that last week the ruling Communist Party had decided that it’s time for the yuan trade freely, without the strict valuation controls currently in place. The statement is short, but […]
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