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Day: May 30, 2016
May 302016
Forex Brokers Update — May 30th, 2016
No new companies have been added last week, but quite a few of the listed brokers have been updated: RoboForex and ActivTrades now support MT5 hedging accounts. Forex Club removed the Azerbaijani version of its website. Alpari has lowered the minimum account size for MT5 ECN accounts from $500 to $1 (actually, to zero, but you cannot trade anything with no funds at all.) Axiory added […]
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May 302016
CAD Falls vs. USD & EUR, Gains on JPY
The Canadian dollar fell against the US dollar and the euro today, though currently it is trying to reverse losses against the former. The loonie fared far better against the yen, gaining on the Japanese currency. The Canadian dollar was feeling the pressure from the probable interest rate hike by the Federal Reserve that has been supporting the US dollar and driving other currencies down. Additionally, the intraday drop of crude oil gave even […]
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May 302016
Dollar Index Edges Higher Following Friday’s Comments from Yellen
The US dollar continued to benefit from the outlook for monetary tightening from the Federal Reserve, rising against a basket of currencies during Monday’s trading. The greenback gained mostly on currencies of emerging markets, while its performance versus major currencies was far from stellar. Fed Chair Fed was speaking on Friday, and she has signaled that the Fed may tighten monetary policy “in the coming months.” Such comments supported the dollar, […]
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May 302016
Economic Confidence Reading Gives Euro a Boost
Euro is getting a big of a boost today, thanks to an improved economic confidence reading. Stimulus appears to be working to some degree, and many expect the ECB to keep its rates unchanged at the policy meeting later this week. The latest reading of a consumer confidence index in the eurozone showed an increase to 104.7 from 104.0. This seems to show that the situation in the 19-nation currency region is improving, and that we are likely to see […]
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May 302016
AUD Rebounds vs. USD, Shrugging Off Poor Fundamentals
The Australian dollar had been weak against its US peer intraday but has bounced as of now. The currency even managed to gain on the Japanese yen even though domestic fundamentals were not supportive to the Aussie at all. The Housing Industry Association reported that the number of new home sales declined 4.7% in April. According the report from Australian Bureau of Statistics, company gross operating profit also fell by 4.7% in the March […]
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May 302016
Yen Falls with Declining Retail Sales & Rising Stocks
The Japanese yen fell today amid falling retail sales and the investor’s improving sentiment that was triggered by the rise of stock indexes. Japan’s retail sales fell 0.8% in April. The drop was not bad compared to the predicted decrease by 1.2%. Therefore, the more important factor for the yen’s drop were the gains of the S&P 500 and the Nikkei 225 stock indexes. USD/JPY rose from 110.41 to 111.12 as of 10:11 GMT today, and its daily […]
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