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Day: January 9, 2017
January 92017
Acting on My 2017 Forecast Using Binary Options
Forecasting the currency rates by simply stating some arbitrary ranges is easy, that is why I prefer to use some real money to back up my talks. Like the year before, I have decided to act on my 2017 Forex forecast. Since my predictions are all in a form of the year-end ranges, I have used the “Ends In” binary option contracts. Same as before, I have used Binary.com to place these trades — unfortunately, I have not […]
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January 92017
Canadian Dollar Falls vs. Euro & Yen Following Drop of Crude Oil
The Canadian dollar fell against such currencies as the euro and the Japanese yen today due to the sharp drop of crude oil prices. The loonie managed to gain on the US dollar, which was rather soft on Monday. Crude oil dropped amid concerns that the increase of US oil production will add to oversupply on the market, damping the impact of the oil production cut deal announced by the Organization of Petroleum Exporting Countries. Oil prices dropped almost […]
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January 92017
Canadian Dollar Falls vs. Euro & Yen Following Drop of Crude Oil
The Canadian dollar fell against such currencies as the euro and the Japanese yen today due to the sharp drop of crude oil prices. The loonie managed to gain on the US dollar, which was rather soft on Monday. Crude oil dropped amid concerns that the increase of US oil production will add to oversupply on the market, damping the impact of the oil production cut deal announced by the Organization of Petroleum Exporting Countries. Oil prices dropped almost […]
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January 92017
US Dollar Falls vs. Major Peers During Monday’s Trading
The US dollar fell against most of its major counterparts (though not against the very weak Great Britain pound) on Monday, though analysts kept the bullish outlook for the greenback over the longer term due to prospects for faster pace of interest rate hikes this year. The dollar has entered a period of consolidation by the end of 2016 following the impressive rally triggered by the victory of Donald Trump in the US presidential elections. Yet most experts […]
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January 92017
US Dollar Falls vs. Major Peers During Monday’s Trading
The US dollar fell against most of its major counterparts (though not against the very weak Great Britain pound) on Monday, though analysts kept the bullish outlook for the greenback over the longer term due to prospects for faster pace of interest rate hikes this year. The dollar has entered a period of consolidation by the end of 2016 following the impressive rally triggered by the victory of Donald Trump in the US presidential elections. Yet most experts […]
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January 92017
Euro Rallies Against Major Currencies Boosted by Positive Market Sentiment
The euro recovered some of the ground it had lost against major currencies such as the US dollar and the British pound. The euro gained significant ground against the British pound as investors took a bearish approach towards the pound sterling due to fears of a hard Brexit. The euro gained over 100 points against the sterling pound during today’s trading session as investors were bearish towards the pound. The euro also gained about 40 […]
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January 92017
Euro Rallies Against Major Currencies Boosted by Positive Market Sentiment
The euro recovered some of the ground it had lost against major currencies such as the US dollar and the British pound. The euro gained significant ground against the British pound as investors took a bearish approach towards the pound sterling due to fears of a hard Brexit. The euro gained over 100 points against the sterling pound during today’s trading session as investors were bearish towards the pound. The euro also gained about 40 […]
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January 92017
Turkish Lira Hits Record Low vs. Dollar After Falling More Than 2%
The Turkish lira fell more than 2%, dropping to the record low against the US dollar today as fundamentals, both domestic and overseas, made the currency largely unappealing to investors and Forex traders. Prospects for additional interest rate hikes from the Federal Reserve pushed the dollar higher against other currencies. The lira was especially weak against the greenback due to the terrorist threat, which was proven yet again by the nightclub attack on January […]
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January 92017
Turkish Lira Hits Record Low vs. Dollar After Falling More Than 2%
The Turkish lira fell more than 2%, dropping to the record low against the US dollar today as fundamentals, both domestic and overseas, made the currency largely unappealing to investors and Forex traders. Prospects for additional interest rate hikes from the Federal Reserve pushed the dollar higher against other currencies. The lira was especially weak against the greenback due to the terrorist threat, which was proven yet again by the nightclub attack on January […]
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January 92017
Prime Minister’s Comments Drive Sterling Down
The Great Britain pound fell against its most-traded peers, dropping to the lowest level since October against some rivals, during Monday’s trading as comments from Britain’s Prime Minister Theresa May fueled concerns about the “hard” Brexit. May said in the interview over the weekend: We are leaving, we are coming out, we are not going to be a member of the EU any longer. “We will […]
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