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Day: August 22, 2016
August 222016
Canadian Dollar Drops Following Prices for Crude
The Canadian dollar dropped on Monday, ignoring positive domestic data, as prices for crude oil retreated. Speculations about monetary tightening from the US Federal Reserve were the main perpetrator in the drop. Canada’s currency was demonstrating decent performance lately in the wake of a crude oil rally. Yet plenty of analysts were speculating that the rally was unwarranted and should not last long. They did not have to wait long for the upward […]
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August 222016
Italian Forex VPS from HostingStak
The list of MetaTrader VPS providers on EarnForex.com has been updated with one more company — HostingStak. It is a general hosting provider with special offers for VPS solutions aimed on Forex traders. The range of monthly prices goes from â¬30 to â¬140 and can satisfy traders with different requirements to their VPS platform. Here are some highlights about HostingStak’s service: The lowest monthly price is â¬24.99, but […]
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August 222016
US Dollar Mostly Rangebound Ahead of Jackson Hole
US dollar is mostly rangebound ahead of a meeting of central bankers later this week in Jackson Hole, Wyoming. Some expect Federal Reserve Chair Janet Yellen to express a readiness for an interest rate hike by the end of the year, and many are waiting to see what she says. One of the highly-anticipated events of the economic calendar year is an annual summit of central bankers held in Jackson Hole, Wyoming. Heads of central banks from […]
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August 222016
Euro Slightly Lower as Forex Traders Wait for Data
Euro is slightly lower against most of its major counterparts this morning, dropping a little bit as Forex traders consolidate positions and wait for tomorrow’s data releases. Last week’s numbers seemed upbeat for the eurozone, and the 19-nation currency is trading at around the 1.13 level against the US dollar again. This is an improvement from a few weeks ago. However, today there isn’t a lot of action and the euro is slightly […]
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August 222016
Yen Suffers from Fischer’s Comments
Riskier currencies reacted negatively to the comments that Fed Vice Chairman Stanley Fischer made on Sunday, but safer ones, like the Japanese yen, were also not immune to the impact. As many other currencies, the yen opened sharply lower against the US dollar, though also versus other most-traded rivals. The tightening stance of the Federal Reserve is in sharp contrast to the easing bias of Japan’s central Bank. That makes the Japanese […]
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August 222016
Australian Dollar Firms After Opening Sharply Lower
The Australian dollar opened sharply lower against the US dollar and the euro at the start of this week’s trading, but as of now the currency is attempting to regain its footing. Fed Vice Chairman Stanley Fischer said on Sunday that the US central bank is close to reaching its inflation and jobs targets. His comments added to last week’s remarks from other members of the Federal Reserve that were for the most part hawkish. […]
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