Day: February 29, 2016

February 29
2016

New Website Design Complete

After a month of tinkering and tweaking, the fourth version of EarnForex.com website design is ready. Today, you can see the new appearance and browse though the new structure in all its beauty and navigational power. Although I would like to hear your thoughts on the current look and its usability, I would first like to explain why it is much better than what EarnForex.com had before and how it is much more […]

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February 29
2016

Poor US Economic Data Doesn’t Affect EUR/USD

Macroeconomic data released from the United States today was weak, but it did not prevent the dollar from rallying to the highest level since February 1 against the euro. One of the possible reasons for this was the unexpected drop of eurozone inflation. (Event A on the chart.) Chicago PMI dropped form 55.6 to 47.6 in February, noticeably below the forecast figure of 52.1. (Event B on the chart.) Pending home sales were down […]

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February 29
2016

Higher Oil Prices Aren’t Helping Loonie Much Today

Oil prices are higher today, but that isn’t helping the loonie much. Canadian dollar isn’t showing much improvement today as it loses ground to some of its major counterparts. Oil prices are a little higher today, thanks in part to the fact that a meeting is coming in March to discuss a production freeze for oil. This includes countries inside and outside OPEC. The prospect of tighter production is buoying up […]

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February 29
2016

Inflation Reading Sends Euro Lower in Forex Trading

Euro is heading much lower today, dropping as the latest inflation reading prompts policymakers to talk about easing further at the next ECB meeting. Concerns about the economic recovery of the 19-nation currency region are once again paramount for many traders. The inflation rate in the eurozone is at minus 0.2 per cent, which is lower than the forecast of 0 per cent. Tumbling prices in the 19-nation currency region are weighing […]

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