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Day: January 16, 2017
January 162017
Euro Remains Stable Against US Dollar as Traders Anticipate ECB Meeting
The euro traded within a tight range against the US dollar on Monday. Traders held their positions in anticipation for the European Central Bankâs meeting on Thursday and the presidential inauguration in the US on Friday. On a quiet day on the economic data front, traders hoped that Donald Trumpâs presidency will support the US currency, which slightly undermined the euro. Meanwhile, positive data in the European Union failed to support the shared currency. Eurostat, the statistical office of the European […]
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January 162017
Euro Remains Stable Against US Dollar as Traders Anticipate ECB Meeting
The euro traded within a tight range against the US dollar on Monday. Traders held their positions in anticipation for the European Central Bankâs meeting on Thursday and the presidential inauguration in the US on Friday. On a quiet day on the economic data front, traders hoped that Donald Trumpâs presidency will support the US currency, which slightly undermined the euro. Meanwhile, positive data in the European Union failed to support the shared currency. Eurostat, the statistical office of the European […]
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January 162017
Your 2016 Trading Results Poll
I still have one 2016 trade active (NZD/USD short from ascending channel), and there is a pending order carried over from 2016 (USD/CAD ascending channel). Nevertheless, it is now time to calculate my profit for the past year. The remaining position and order will count for 2017 results. Contents 1 Profitable trades 2 Worst losers 3 Other trades 4 Poll Unfortunately my minuscule 2015 profitability has […]
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January 162017
USD/CAD Struggles to Maintain Upward Momentum as US Markets Remain Closed
The USD/CAD currency pair struggled to maintain its upward momentum today even as US markets remain closed. The pair demonstrated mixed results similar to those of last week given that weakness in the US dollar typically strengthens the Canadian dollar. The US dollar rallied higher during today’s session, as indicated by the US Dollar index, but the currency pair has not reflected the greenback’s rally. The currency pair remained in positive territory for the day but […]
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January 162017
USD/CAD Struggles to Maintain Upward Momentum as US Markets Remain Closed
The USD/CAD currency pair struggled to maintain its upward momentum today even as US markets remain closed. The pair demonstrated mixed results similar to those of last week given that weakness in the US dollar typically strengthens the Canadian dollar. The US dollar rallied higher during today’s session, as indicated by the US Dollar index, but the currency pair has not reflected the greenback’s rally. The currency pair remained in positive territory for the day but […]
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January 162017
Market Sentiment Allows Yen Rally for Sixth Day
The Japanese yen rose against its major rivals on the Forex market during Monday’s trading, driven by the risk averse sentiment of traders. Japan released a range of economic reports today, but market analysts thought that they had little impact on moves of the yen, which was driven by the general market sentiment instead. So happens, fears of the Brexit made it beneficial to safe haven currencies. The yen rallied because of that, […]
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January 162017
Market Sentiment Allows Yen Rally for Sixth Day
The Japanese yen rose against its major rivals on the Forex market during Monday’s trading, driven by the risk averse sentiment of traders. Japan released a range of economic reports today, but market analysts thought that they had little impact on moves of the yen, which was driven by the general market sentiment instead. So happens, fears of the Brexit made it beneficial to safe haven currencies. The yen rallied because of that, […]
Read more
January 162017
Pound Starts Week Sharply Lower
Fears of the “hard” Brexit continue to drive the Great Britain pound, which opened sharply lower on Monday after the weekend article from The Sunday Times. The Sunday Times wrote yesterday: Theresa May will announce that Britain is seeking a clean and hard Brexit in a speech this week that will promise to create a âstrong new partnershipâ with the European Union. The prime minister will finally lay her […]
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January 162017
Pound Starts Week Sharply Lower
Fears of the “hard” Brexit continue to drive the Great Britain pound, which opened sharply lower on Monday after the weekend article from The Sunday Times. The Sunday Times wrote yesterday: Theresa May will announce that Britain is seeking a clean and hard Brexit in a speech this week that will promise to create a âstrong new partnershipâ with the European Union. The prime minister will finally lay her […]
Read more