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Day: December 13, 2016
December 132016
Assessing the Forex Brokers’ Customer Support Service
Currency trading is by and large carried out in the OTC (over-the-counter) market. Lack of a central regulatory authority has given rise to numerous Forex brokers with offices in exotic locations. A large section of the retail traders depend on these Forex brokers to trade currencies from the comfort of their home. While it just takes a few minutes to open a real account, the quality of a broker can be understood only when the trader faces […]
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December 132016
EUR/USD Steady Ahead of Fed Announcement
EUR/USD traded close to its opening level today after diving intraday. While the first two trading day of the current week were light in terms of economic data, this will change tomorrow. Not only the Wednesday’s trading session has plenty of economic reports due to release, the Federal Reserve will also announce its policy decision on Wednesday. It is a general consensus that the Fed is going to hike […]
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December 132016
Canadian Dollar Rises Against US Counterpart on Higher Oil Prices
The Canadian dollar strengthened against the US dollar on Tuesday to its highest level since October 19, as gains in oil prices continued lifting the commodity currency. Crude oil prices rose on marketsâ anticipation of shrinking global supply. Major oil producing countries outside the Organization of the Petroleum Exporting Countries arrived to an agreement that cuts their net daily oil output by 558,000 barrels per day. The cut represents about 0.7% […]
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December 132016
Canadian Dollar Rises Against US Counterpart on Higher Oil Prices
The Canadian dollar strengthened against the US dollar on Tuesday to its highest level since October 19, as gains in oil prices continued lifting the commodity currency. Crude oil prices rose on marketsâ anticipation of shrinking global supply. Major oil producing countries outside the Organization of the Petroleum Exporting Countries arrived to an agreement that cuts their net daily oil output by 558,000 barrels per day. The cut represents about 0.7% […]
Read more
December 132016
NZD/USD Maintains Its Bullish Trend Despite Weak Manufacturing Data
The NZD/USD currency pair continued with the upward trend witnessed on Monday during Tuesday’s trading session. The bullish run led to the pair hitting levels above its 100-day SMA, which is a crucial support point. The currency pair hit the 0.7230 level, its highest level since November 10. This is despite the release of manufacturing data by the Reserve Bank of New Zealand that showed weak sales and volumes in the manufacturing […]
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December 132016
NZD/USD Maintains Its Bullish Trend Despite Weak Manufacturing Data
The NZD/USD currency pair continued with the upward trend witnessed on Monday during Tuesday’s trading session. The bullish run led to the pair hitting levels above its 100-day SMA, which is a crucial support point. The currency pair hit the 0.7230 level, its highest level since November 10. This is despite the release of manufacturing data by the Reserve Bank of New Zealand that showed weak sales and volumes in the manufacturing […]
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December 132016
British Pound Climbs on Inflation Data That Exceeded Expectations
The British pound surged against its major peers on Tuesday, after a new report in the United Kingdom revealed that the nationâs inflation increased more than expected in November. The UK Office for National Statistics published its inflation figures for November earlier today, which showed that the consumer prices index rose to 1.2% in November 2016 from one year earlier. This compares to an increase to 0.9% in October, and marks the fastest rate […]
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December 132016
British Pound Climbs on Inflation Data That Exceeded Expectations
The British pound surged against its major peers on Tuesday, after a new report in the United Kingdom revealed that the nationâs inflation increased more than expected in November. The UK Office for National Statistics published its inflation figures for November earlier today, which showed that the consumer prices index rose to 1.2% in November 2016 from one year earlier. This compares to an increase to 0.9% in October, and marks the fastest rate […]
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December 132016
Australian Dollar Etches Small Gains After Economic Releases
The Australian dollar etched small gains against some of most-traded currencies after the release of macroeconomic reports from Australia as well as from China, Australia’s biggest trading partner. Australia’s house prices rose 1.5% in the September quarter from the previous three months, failing to reach the consensus forecast of 2.6%. The Business Confidence measured by National Australia Bank rose a bit from +4 to +5 in November. The National Bureau of Statistics of China released […]
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December 132016
Australian Dollar Etches Small Gains After Economic Releases
The Australian dollar etched small gains against some of most-traded currencies after the release of macroeconomic reports from Australia as well as from China, Australia’s biggest trading partner. Australia’s house prices rose 1.5% in the September quarter from the previous three months, failing to reach the consensus forecast of 2.6%. The Business Confidence measured by National Australia Bank rose a bit from +4 to +5 in November. The National Bureau of Statistics of China released […]
Read more