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Day: December 19, 2016
December 192016
Psychoactive Drugs in Forex Trading? Poll
Disclaimer: I would like to warn the readers that administering drugs is a potentially harmful activity. You should not take any drugs unless prescribed by a licensed physical. Also, EarnForex.com does not endorse using any drugs or other illegal substances as a method of improving one’s performance. My July post about Forex and nutrition has a brief mention of using mild stimulants (such as caffeine and nicotine) and depressants (such as alcohol) in relation […]
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December 192016
EUR/USD Stable After Halting Decline
EUR/USD was stable on Monday after halting decline and rising for the first time in four days on Friday. US economic data helped the currency pair to stabilize as macroeconomic indicators missed economists’ predictions. Flash Markit services PMI fell from 54.6 in November to 53.4 in December instead of rising to 55.2 as analysts had predicted. (Event A on the chart.) On Friday, a report on housing starts and building permits was released, showing a drop for both indicators. […]
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December 192016
Japanese Yen Rises Ahead of BoJ Policy Decision
The Japanese yen climbed against the US dollar on Monday, as currency traders anticipated the latest monetary policy decision from the Bank of Japan. The central bank will release a statement containing its latest policy decision overnight. Investors are expecting that the Bank of Japan will keep its monetary policy unchanged, while lifting its forecast for the economic growth in 2017 higher. The Japanese economy has been showing signs of health […]
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December 192016
Japanese Yen Rises Ahead of BoJ Policy Decision
The Japanese yen climbed against the US dollar on Monday, as currency traders anticipated the latest monetary policy decision from the Bank of Japan. The central bank will release a statement containing its latest policy decision overnight. Investors are expecting that the Bank of Japan will keep its monetary policy unchanged, while lifting its forecast for the economic growth in 2017 higher. The Japanese economy has been showing signs of health […]
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December 192016
Chilean Peso Suffers from Policy Outlook
The Chilean peso declined against the US dollar today after the nation’s central bank revised its growth outlook down and expressed a dovish monetary policy outlook. The Central Bank of Chile released its Monetary Policy Report for December today. In it, the central bank predicted that Chile’s gross domestic product will rise 1.5%-2.5% in 2017, down from 1.75%-2.75% in the previous forecast. As for monetary policy outlook, the central bank said […]
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December 192016
Chilean Peso Suffers from Policy Outlook
The Chilean peso declined against the US dollar today after the nation’s central bank revised its growth outlook down and expressed a dovish monetary policy outlook. The Central Bank of Chile released its Monetary Policy Report for December today. In it, the central bank predicted that Chile’s gross domestic product will rise 1.5%-2.5% in 2017, down from 1.75%-2.75% in the previous forecast. As for monetary policy outlook, the central bank said […]
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December 192016
USD/JPY Struggles to Maintain Upward Momentum As The US Dollar Remains Bullish
The USD/JPY tested new lows as the currency pair lost ground following a drop in the US 10-year bond yields. The US dollar remains strong against other major currencies such as the euro, the Canadian dollar, and the Great Britain pound. The US dollar continues to trade at higher levels than it was before the hiking of interest rates by the Fed. However, Today marks the second consecutive day that the US dollar has lost ground […]
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December 192016
USD/JPY Struggles to Maintain Upward Momentum As The US Dollar Remains Bullish
The USD/JPY tested new lows as the currency pair lost ground following a drop in the US 10-year bond yields. The US dollar remains strong against other major currencies such as the euro, the Canadian dollar, and the Great Britain pound. The US dollar continues to trade at higher levels than it was before the hiking of interest rates by the Fed. However, Today marks the second consecutive day that the US dollar has lost ground […]
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December 192016
Mexican Peso Gains on US Dollar After Interest Rate Hike
The Mexican peso traded a bit higher against the US dollar following Thursday’s decision of the Mexican central bank to hike interest rates. The Bank of Mexico raised its main interest rate by 50 basis points to 5.75%. It was the fifth increase this year. Analysts see the aggressive monetary tightening as the central bank’s attempt to support the Mexican currency that has shown massive decline after Donald Trump won the US […]
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December 192016
Mexican Peso Gains on US Dollar After Interest Rate Hike
The Mexican peso traded a bit higher against the US dollar following Thursday’s decision of the Mexican central bank to hike interest rates. The Bank of Mexico raised its main interest rate by 50 basis points to 5.75%. It was the fifth increase this year. Analysts see the aggressive monetary tightening as the central bank’s attempt to support the Mexican currency that has shown massive decline after Donald Trump won the US […]
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