Day: October 4, 2016

October 4
2016

Book Review: Trade Mindfully by Gary Dayton

This book was recommended to me by a fellow redditor from /r/Forex. Trade Mindfully: Achieve Your Optimum Trading Performance with Mindfulness and Cutting Edge Psychology is one of the books on trading psychology that provide valuable advice and actionable techniques. Another trading book of such a high quality level that I have read was Trading in the Zone by Mark Douglas. Trade Mindfully was written by Gary Dayton in 2014. Gary […]

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October 4
2016

Australian Dollar Flat vs. US Dollar, Gains on Other Rivals After RBA

The Australian dollar was almost flat against its US counterpart but gained against other major peers after the Reserve Bank of Australia decided to keep its monetary policy without change. The RBA left its main interest rate at 1.5%, saying in the statement:   Taking account of the available information, and having eased monetary policy at its May and August meetings, the Board judged that holding the stance of policy unchanged […]

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October 4
2016

Great Britain Pound at Three-Decade Low Against US Dollar

The Great Britain pound slumped today, falling to the lowest level since 1985 against the US dollar, as Brexit fears continued to drive the currency. Yet again, positive macroeconomic data was unable to rescue the sterling. Market participants are worried that Britain’s leaders may opt for the so-called hard Brexit, exchanging free trading with the European Union for immigration control. That does not bode well for Britain’s economy and by the same […]

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October 4
2016

Dollar Extends Monday’s Gains into Tuesday

The US dollar rallied on Monday and extended its gain against the most-traded rivals on Tuesday as relatively positive macroeconomic data released from the United States increased chances for an interest rate hike from the Federal Reserve and boosted the appeal of the currency. Institute for Supply Management released its manufacturing Purchasing Managers’ Index on Monday, showing an increase above the neutral 50.0 level. That suggests the US manufacturing sector turned from contraction back […]

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October 4
2016

Australian Dollar Higher After Economic Data, Waits for RBA

The Australian dollar rose today, gaining on its major peers for the third straight day, after release of macroeconomic data from Australia. Now, traders wait for a monetary policy decision from the Reserve Bank of Australia. Australian building approvals fell 1.8% in August from July. While it does not look like a good reading by itself, the actual figure was far better than the predicted drop by 5.8%. Furthermore, the July […]

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