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Day: May 5, 2016
May 52016
New List of Brokers — High-Leverage Ones
It is a common wisdom in the markets that trading with a high leverage can be dangerous. It is also obvious that huge leverage offered by the Forex brokers is one of the most prominent advantages of the online foreign exchange market. It allows controlling large positions with relatively small amounts of funds. The daily rate fluctuations in major currency pairs are very low when compared to such trading […]
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May 52016
Pound Soft vs. Dollar After Another Disappointing Report
Great Britain’s economic data provided yet another disappointing reading, this time for the services sector, making the pound fall against the US dollar today. The sterling fared better against other majors, actually rising against the euro. The Markit/CIPS UK Services PMI dropped from 53.7 to 52.3 in April while economists had hoped for the indicator to stay almost unchanged. It was the lowest reading in more the three years. The services […]
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May 52016
Australian Dollar Overcomes Impact of RBA Cut
The Australian dollar was able to overcome the negative impact of the surprise interest rate cut from the Reserve Bank of Australia, rising today. The advance happened with the help of positive macroeconomic data from Australia. Retail sales rose 0.4% in March on a seasonally adjusted basis, exceeding forecasts and the previous month’s rate of growth. The trade balance deficit shrank from A$3.04 billion to A$2.16 billion in March while analysts had predicted much […]
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