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Day: August 2, 2016
August 22016
How Good Is Sentiment Analysis in Forex?
As per efficient market hypothesis, it is almost impossible to outperform the market. The reason is that marketâs efficiency ensures that relevant details of an asset are incorporated in the prevailing trading price. It means that, theoretically, there is no possibility of buying and selling an asset low and high respectively. Thus, a trader can outperform the market only through the purchase of riskier assets. However, practically, it is not always […]
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August 22016
NZD Gains on USD with Support from Economic Data
The New Zealand dollar gained on its US counterpart thanks to positive economic data from New Zealand. At the same time, the currency fell against the Japanese yen. The GlobalDairyTrade Price Index rose 6.6% at today’s auction compared to the previous reporting period when it was flat. Reserve Bank of New Zealand inflation expectations rose a little from the previous quarter. The news spurred talks that the central bank may be […]
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August 22016
Australian Dollar Faces Interest Rate Cut with Resilience
The Australian dollar demonstrated a surprising resilience after the interest rate cut from the Reserve Bank of Australia and poor economic data. While the currency dipped initially, the drop was quickly followed by a strong bounce. The RBA cut its cash rate by 25 basis points to 1.5%. Most market participants were counting on such a decision even though unexpectedly strong inflation had caused some doubts about willingness of the central bank […]
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