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Day: November 23, 2015
November 232015
EUR/USD Extends Friday’s Decline on Monday
EUR/USD continued to fall on Monday, following the Friday’s big drop, even though US economic data was not that good. The dollar continued to receive support from the outlook for monetary tightening from the Federal Reserve while the euro remained under pressure from expectations of stimulus from the European Central Bank. Flash Markit manufacturing PMI dropped from 54.1 in October to 52.6 in November. The report frustrated analysts who had […]
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November 232015
17 Reasons to Leave Your Forex Broker
From time to time, conditions at a broker change. Some companies update their trading platforms, others let their customer service to deteriorate, many brokers change their trading conditions due to some new regulatory environments, and so on. Some of such changes can go unnoticed for traders, some will cause a minor nuisance, but other such changes will cause some traders to leave the broker and start searching […]
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November 232015
Euro Off Daily Lows, Remains Subdued
The euro bounced from its daily lows with the help of positive economic data. Still, the currency was on a defensive due to the outlook for stimulus from the European Central Bank. Markit economics released several positive reports during the Monday’s trading session. Among them was the one that showed an unexpected increase of Germany’s manufacturing index to the highest level in three months. Indicators of the whole eurozone were good as well. The positive reports […]
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November 232015
Dollar Strong During Monday’s Trading
The US dollar was strong during the Monday’s session despite some worse-than-expected reports released from the United States. The greenback trimmed its gains but was trading above the opening level. The dollar continues to receive support from the outlook for a December interest rate lift-off from the Federal Reserve. The CME FedWatch shows a 74 percent probability of the rate hike next month. San Francisco Fed President John Williams reinforced […]
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