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Day: April 1, 2016
April 12016
Interview with Wes Mahir (CEO of VForex)
VForex LLC is an Irvine, California, based hi-tech startup company looking to fill a rather overlooked gap in financial trading. And they plan to do it in a quite unusual way — by introducing virtual and augmented reality technologies to both sides of the dealing desk. AM: Hello Wes! What is VForex and what are its plans for the world of financial trading? WM: Hi! VForex is a team of a computer science professionals. I have formed […]
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April 12016
EUR/USD Sinks After Release of Nonfarm Payrolls
US nonfarm payrolls were released today, and they were basically in line with expectations. Yet this did not prevent EUR/USD from sinking after the release. It was the first drop for the currency pair after four sessions of gains. As for other reports, manufacturing data was decent while construction spending fell unexpectedly. Nonfarm payrolls demonstrated an increase by 215k in March which was slightly above the median forecast […]
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April 12016
Soft Economic Data Continues to Weigh on Sterling
Soft economic data continues to pull the UK pound down in Forex trading on the currency market. The latest PMI data is disappointing, and that is bringing the sterling down against its major counterparts on the currency market. The latest data release for the United Kingdom is disappointing analysts and Forex traders today. Markit and CIPS Manufacturing PMI for March came it at 51, instead of the expected 51.2. This marks another month of decline […]
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April 12016
US Dollar Index Higher, Even as Greenback Trades Mixed
The US dollar index is higher today, even though the greenback is trading mixed against its major counterparts. Lackluster data and remarks from Fed Chair Yellen are still weighing on the dollar to some degree. US dollar is trading mixed against its major counterparts today. The dollar is down against the euro and a yen, but up against the sterling and the loonie. Recent US economic data has […]
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