Sometimes, when your trading strategy generates a signal, you might still wonder whether this particular trade is worth executing. Perhaps, there are some factors that should be considered before opening a position? Algorithmic trading systems as well as the most short-term human traders (e.g., scalpers) never second-guess their trading decisions in such a way. However, the rest of the Forex traders normally have enough time […]
Read moreUS dollar is gaining against all comers today, thanks to expectations that a rate hike is coming by the end of 2016. Between the latest clues in economic data and Janet Yellen’s speech in Jackson Hole last week, many expect to see at least one more rate increase from the Fed before the year closes out. Last week in Jackson Hole, Fed Chair Janet Yellen laid out her plan […]
Read moreEven though the UK economy hasn’t seen dramatically weak results since the Brexit vote, there are expectations that things could change in the coming months and years leading up to the actual “divorce” from the eurozone. Right now, comments from an economist are weighing on the sterling. The UK pound was struggling prior to the Brexit vote as the sluggish economy worked to move forward. Following the Brexit vote, though, the sterling has struggled […]
Read moreThe Australian dollar was moving lower against its US peer during the current trading session, though currently the Aussie has trimmed some of its losses. The Australian currency also pared its losses versus the euro. Janet Yellen, Federal Reserve Chairperson, was speaking on Friday, and she signaled possibility of an interest rate hike in the near future. Monetary tightening would mean less “cheap money,” and that discourages investors […]
Read moreThe Japanese yen was soft today after Haruhiko Kuroda, Bank of Japan Governor, signaled that he is not afraid to add more stimulus if it would be necessary to reinvigorate the nation’s economy. Kuroda was talking at the Jackson Hole symposium on Saturday. He said: There is no doubt that there is ample space for additional easing in each of the three dimensions. The bank will carefully consider […]
Read more