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Day: November 21, 2016
November 212016
Applying Forex Trading Knowledge in Other Areas?
At a first glance, online Forex trading seems to be a very specialized kind of activity with a narrow skill-set and limited area of knowledge. In reality, the list of skills and number of expertise fields that every successful trader acquires can be astounding. Moreover, it usually is unique to each trader as the trading style differs greatly among the FX traders even if they trade the same currency pairs. Transferable skills in trading […]
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November 212016
British Pound Jumps Against Dollar on Possible Brexit Deal
The British pound gained on Monday to cut most of the losses it had during the past week. The sterling moved higher after UK Prime Minister Theresa May hinted that sheâs working on reaching a Brexit deal that would be beneficial for business within the nation. Her comments, which were made when she addressed the CBI conference earlier today, promised the lowest corporate tax rates in the Group of Twenty and an increased […]
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November 212016
British Pound Jumps Against Dollar on Possible Brexit Deal
The British pound gained on Monday to cut most of the losses it had during the past week. The sterling moved higher after UK Prime Minister Theresa May hinted that sheâs working on reaching a Brexit deal that would be beneficial for business within the nation. Her comments, which were made when she addressed the CBI conference earlier today, promised the lowest corporate tax rates in the Group of Twenty and an increased […]
Read more
November 212016
US Dollar Halts Its Rise After 10 Straight Days of Gains
The rise of the US dollar came to a full stop on Monday after two weeks of rapid gains. Currency traders are reevaluating the greenbackâs recent gains, which forced the currency to edge lower today after reaching its strongest level since 2003 last week. Investors turned away from the safety of the Japanese yen to speculate the limit of the US currencyâs gains on the short term. Markets expect that the US Federal Reserve will need […]
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November 212016
US Dollar Halts Its Rise After 10 Straight Days of Gains
The rise of the US dollar came to a full stop on Monday after two weeks of rapid gains. Currency traders are reevaluating the greenbackâs recent gains, which forced the currency to edge lower today after reaching its strongest level since 2003 last week. Investors turned away from the safety of the Japanese yen to speculate the limit of the US currencyâs gains on the short term. Markets expect that the US Federal Reserve will need […]
Read more
November 212016
New Zealand Dollar Higher During Monday’s Trading
The New Zealand dollar rose against its major peers, including the US dollar and the Japanese yen, during Monday’s trading session. The kiwi was falling for eight straight trading sessions versus the greenback before rising today. The New Zealand currency demonstrated better performance against the yen, rising for three days in a row. As for economic data from New Zealand released today, credit card spending rose in October 10.2% from […]
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November 212016
New Zealand Dollar Higher During Monday’s Trading
The New Zealand dollar rose against its major peers, including the US dollar and the Japanese yen, during Monday’s trading session. The kiwi was falling for eight straight trading sessions versus the greenback before rising today. The New Zealand currency demonstrated better performance against the yen, rising for three days in a row. As for economic data from New Zealand released today, credit card spending rose in October 10.2% from […]
Read more
November 212016
Yen Soft Despite Improving Trade Balance
The Japanese yen fell today even though economic data showed a bigger-than-expected increase of the Japan’s trade balance surplus. The losses were limited, though, and the currency even managed to keep its ground versus the US dollar, against which the yen has fallen during the previous two sessions. Japan’s trade surplus logged ¥0.47 trillion in October, up from ¥0.36 trillion in September. The gain was the result of both falling import […]
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November 212016
Yen Soft Despite Improving Trade Balance
The Japanese yen fell today even though economic data showed a bigger-than-expected increase of the Japan’s trade balance surplus. The losses were limited, though, and the currency even managed to keep its ground versus the US dollar, against which the yen has fallen during the previous two sessions. Japan’s trade surplus logged ¥0.47 trillion in October, up from ¥0.36 trillion in September. The gain was the result of both falling import […]
Read more