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Day: August 17, 2016
August 172016
Working with Larson&Holz — Handy for Pro, Perfect for Newcomer
The following post is a paid advertisement. The content has been provided by the advertiser. Trading on Forex proves to be profitable and easy, especially when you learn how to do it. But after learning the basics there rises a question â what broker to choose? Who to trust? Here we introduce Larson&Holz, the company that is acknowledged to be one of the best Forex brokers. The company works with the chain of representatives all […]
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August 172016
EUR/USD Unable to Maintain Gains After FOMC Minutes
EUR/USD logged a surge after the Federal Open Market Committee released minutes of its latest policy meeting. The rally was short-lived, and now the currency pair trades not far from the opening level. While some members of the Committee discussed possibility of reducing monetary accommodation early, markets did not consider the minutes particularly hawkish, leading to disappointment of dollar bulls and weakening of the dollar. Yet the weakness did not last long, […]
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August 172016
Australian Dollar Follows NZ Peer into Decline
The Australian dollar demonstrated the same performance as its New Zealand counterpart, falling against other most-traded currencies even though Australia’s economic indicators were good. The Wage Price Index rose 0.5% in the June quarter, the same as in the previous three months and matching market expectations. The Leading Index also rose a bit. Yet all that did not prevent a decline of the Australian dollar, which was trading at the lowest level in about […]
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August 172016
NZ Dollar Fails to Keep Gains Despite Helpful Economic Data
The New Zealand dollar climbed earlier today after the release of positive macroeconomic reports, but the rally was short-lived, and now the currency is trading far below the opening level. New Zealand employment rose 2.4%, four times the forecast rate of growth. The unemployment rate fell unexpectedly from 5.2% (revised from 5.7%) to 5.1%. The Producer Price Index increased 0.9%, also beating expectations. Yet all the positive reports […]
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August 172016
Euro Mostly Higher Today as Experts Talk of Reform
With all that’s going on right now, it seems as though euro should be heading lower. However, the 19-nation currency is mostly higher today, gaining against many of its counterparts. Euro is down against the US dollar, but seeing success against other currencies. There is a lot happening right now in the eurozone, but that isn’t stopping investors today. Investors are buying eurozone […]
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August 172016
US Dollar Gains on Revived Hopes of a 2016 Rate Hike
US dollar is heading higher today, gaining as hopes are revived for another rate hike by the end of the year. Inflation numbers weren’t as low as expected, and many Forex traders are looking for reasons to be positive about the greenback. US dollar is higher against its major counterparts today, gaining ground as speculation that another rate hike could come before the end of the year. Even though the latest report […]
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