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Day: October 24, 2016
October 242016
Which Part of Your Income Is from Forex Trading?
Every newbie trader dreams of being a full-time Forex trader, with full-time defined as 1–2 hours a day and not having to worry about any financial matters — all being completely compensated by one’s trading performance. The reality usually turns out much harsher. First, becoming a profitable trader is not an easy task in and of itself. Then, it can be tough to move from being a part-time trader to being a full-time […]
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October 242016
Australian Dollar Struggles to Rise Ahead of Q3 CPI
The Australian dollar has continued to grapple against the power of the mighty US dollar. But today, AUD/USD attempted to fight its way back, setting a high at 0.7640 when just on Friday, it traded as low as 0.7587. This, however, does not signal a green light just yet as the report on the Consumer Price Index for the third quarter of 2016 this week could have a major effect on the Reserve Bank of Australia‘s (RBA) interest […]
Read more
October 242016
Australian Dollar Struggles to Rise Ahead of Q3 CPI
The Australian dollar has continued to grapple against the power of the mighty US dollar. But today, AUD/USD attempted to fight its way back, setting a high at 0.7640 when just on Friday, it traded as low as 0.7587. This, however, does not signal a green light just yet as the report on the Consumer Price Index for the third quarter of 2016 this week could have a major effect on the Reserve Bank of Australia‘s (RBA) interest […]
Read more
October 242016
Pound Flat, GDP Report in Focus
The Great Britain pound was little changed today as traders are waiting for GDP data from the United Kingdom which will be released later this week. The preliminary report about UK gross domestic product in the third quarter of this year is scheduled for release on October 27. Experts predict that it will show growth by 0.3%, slowdown from the strong second quarter when Britain’s economy logged […]
Read more
October 242016
Pound Flat, GDP Report in Focus
The Great Britain pound was little changed today as traders are waiting for GDP data from the United Kingdom which will be released later this week. The preliminary report about UK gross domestic product in the third quarter of this year is scheduled for release on October 27. Experts predict that it will show growth by 0.3%, slowdown from the strong second quarter when Britain’s economy logged […]
Read more
October 242016
Euro Struggles to Stay Above Opening Level on Monday
The euro attempted to rise after Markit released a bunch of macroeconomic reports from the eurozone, but the rally was limited. In fact, the shared 19-nation currency even fell against some of its most-traded counterparts. Markit Purchasing Managers’ Indexes of manufacturing and services were almost all good in October, rising from September and beating expectations, be it for Germany, France, or the whole eurozone. The only disappointing one was the services PMI for France, […]
Read more
October 242016
Euro Struggles to Stay Above Opening Level on Monday
The euro attempted to rise after Markit released a bunch of macroeconomic reports from the eurozone, but the rally was limited. In fact, the shared 19-nation currency even fell against some of its most-traded counterparts. Markit Purchasing Managers’ Indexes of manufacturing and services were almost all good in October, rising from September and beating expectations, be it for Germany, France, or the whole eurozone. The only disappointing one was the services PMI for France, […]
Read more