Day: October 21, 2016

October 21
2016

One-Hour Trade Insurance from easyMarkets

Three weeks ago, a representative from easyMarkets contacted me to ask if I would be interested to test their new intriguing feature called dealCancellation. They provided me with a free live account with $200 in it to explore this trading tool. This week, I have finally got some time to actually experience it. Basically, dealCancellation is trade insurance. You pay in advance for an opportunity to cancel your […]

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October 21
2016

Dollar Rallies Against Rivals During Friday’s Trading

The US dollar was flat against the Japanese yen but rallied against other most-traded currencies during the Friday’s trading session. The major reason for the currency’s strength remained the outlook for an interest rate hike in December. Earlier this week, New York Fed President William Dudley said that he expects a rate increase this year if US economic growth remains on track. Currently, speculators price in 70% chance […]

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October 21
2016

Dollar Rallies Against Rivals During Friday’s Trading

The US dollar was flat against the Japanese yen but rallied against other most-traded currencies during the Friday’s trading session. The major reason for the currency’s strength remained the outlook for an interest rate hike in December. Earlier this week, New York Fed President William Dudley said that he expects a rate increase this year if US economic growth remains on track. Currently, speculators price in 70% chance […]

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October 21
2016

CAD Turns Lower After Data Fails to Reach Consensus Forecast

The Canadian dollar went down today, falling for the third consecutive trading session against the Japanese yen, after economic reports released by Statistics Canada missed market expectations. The Consumer Price Index rose 0.1% in September from August (not adjusted for seasonal variations) while experts had predicted a 0.2% increase. The core CPI was up 0.2% — in line with expectations. Retail sales fell 0.1% in August from July […]

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October 21
2016

CAD Turns Lower After Data Fails to Reach Consensus Forecast

The Canadian dollar went down today, falling for the third consecutive trading session against the Japanese yen, after economic reports released by Statistics Canada missed market expectations. The Consumer Price Index rose 0.1% in September from August (not adjusted for seasonal variations) while experts had predicted a 0.2% increase. The core CPI was up 0.2% — in line with expectations. Retail sales fell 0.1% in August from July […]

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October 21
2016

Pound Moves Lower as Fear of Hard Brexit Haunts Market

The Great Britain pound slipped against its most-traded peers, including the US dollar and the Japanese yen, on Friday as fear of the so-called “hard Brexit” continued to plague markets. It is expected that British Prime Minister Theresa May will have hard talks with European Union leaders during the summit in Brussels as they were not amused with Britain’s decision to leave the union. The United Kingdom will likely have […]

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October 21
2016

Pound Moves Lower as Fear of Hard Brexit Haunts Market

The Great Britain pound slipped against its most-traded peers, including the US dollar and the Japanese yen, on Friday as fear of the so-called “hard Brexit” continued to plague markets. It is expected that British Prime Minister Theresa May will have hard talks with European Union leaders during the summit in Brussels as they were not amused with Britain’s decision to leave the union. The United Kingdom will likely have […]

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October 21
2016

Australian Dollar Holds Ground During Friday’s Session

The Australian dollar held its ground against some rivals (like the US dollar) and managed to gain on the others (like the euro) during the Friday’s trading session. The rally of crude oil has likely played at least some part in the currency good performance. While the Aussie is not as strongly tied to moves of crude as the Canadian dollar, the Australian currency is still considered to be a commodity currency and thus depends on swings of prices for raw […]

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October 21
2016

Australian Dollar Holds Ground During Friday’s Session

The Australian dollar held its ground against some rivals (like the US dollar) and managed to gain on the others (like the euro) during the Friday’s trading session. The rally of crude oil has likely played at least some part in the currency good performance. While the Aussie is not as strongly tied to moves of crude as the Canadian dollar, the Australian currency is still considered to be a commodity currency and thus depends on swings of prices for raw […]

Read more