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Day: January 30, 2017
January 302017
What Is Your Experience with Forex Broker Customer Support?
According to our 2015 poll, a half of traders consider poor customer support service a valid reason for transferring to another broker. Our recent research of 241 brokers has shown that a quarter of online Forex companies fail to provide adequate support service. Apparently, such situation cannot exist for a long period, and traders should have some heart-breaking stories to tell us about their experience with their broker’s support. […]
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January 302017
Euro Attempts to Bounce vs. Dollar
The dollar gained on the euro today even though the US currency was generally weak during the current trading session. With that said, EUR/USD is attempting to rebound as of now, and it has already erased about a half of today’s losses. US economic data released today was generally solid, while German inflation missed expectations, causing the decline of the currency pair. Personal income and spending rose in December. Income was […]
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January 302017
US Dollar Drops as Trump’s Ban Raises Demand for Safety
The US dollar declined against the Japanese yen and failed to rise against other major peers on Monday. Traders had no appetite for risk following a decision from US President Donald Trump to ban travel from a number of countries, which caused protests and raised fears of his protectionist approach. The ban, which prevents citizens of seven countries with a Muslim majority from entering the United States for 90 days, increased tradersâ […]
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January 302017
US Dollar Drops as Trump’s Ban Raises Demand for Safety
The US dollar declined against the Japanese yen and failed to rise against other major peers on Monday. Traders had no appetite for risk following a decision from US President Donald Trump to ban travel from a number of countries, which caused protests and raised fears of his protectionist approach. The ban, which prevents citizens of seven countries with a Muslim majority from entering the United States for 90 days, increased tradersâ […]
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January 302017
Japanese Yen Strong as Market Sentiment Averse to Risk
The Japanese yen demonstrated a strong performance today amid risk aversion caused by uncertainty about future policies of US President Donald Trump. Indeed, his immigration ban has already caused big confusion and uproar. The President ordered to prevent entry to the United States of all refugees for 120 days and citizens of seven Muslim-majority countries for three months. It looks like implementation of the order was seriously botched as authorities themselves had […]
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January 302017
Japanese Yen Strong as Market Sentiment Averse to Risk
The Japanese yen demonstrated a strong performance today amid risk aversion caused by uncertainty about future policies of US President Donald Trump. Indeed, his immigration ban has already caused big confusion and uproar. The President ordered to prevent entry to the United States of all refugees for 120 days and citizens of seven Muslim-majority countries for three months. It looks like implementation of the order was seriously botched as authorities themselves had […]
Read more
January 302017
Euro Declines After Release of German CPI Data, but Later Recovers
The euro traded lower against its major competitors today after CPI data from Germany was released at a lower than expected figures. The euro’s performance was also affected by the weakening of other currencies such as the US dollar and the British pound, which minimized its decline, but the currency later recovered. The euro lost almost once cent against the dollar and also lost significant ground against the British pound. The currency […]
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January 302017
Euro Declines After Release of German CPI Data, but Later Recovers
The euro traded lower against its major competitors today after CPI data from Germany was released at a lower than expected figures. The euro’s performance was also affected by the weakening of other currencies such as the US dollar and the British pound, which minimized its decline, but the currency later recovered. The euro lost almost once cent against the dollar and also lost significant ground against the British pound. The currency […]
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January 302017
Great Britain Pound Falls for Third Session
The Great Britain pound dropped today, extending its decline against the US dollar for the third consecutive trading session, as traders were waiting for the so-called Super Thursday. On Thursday, the Bank of England will announce its first policy decision this year, release the Inflation Report, while BoE Governor Mark Carney will speak at a press conference. No changes to the existing monetary policy are expected, but traders are worried […]
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January 302017
Great Britain Pound Falls for Third Session
The Great Britain pound dropped today, extending its decline against the US dollar for the third consecutive trading session, as traders were waiting for the so-called Super Thursday. On Thursday, the Bank of England will announce its first policy decision this year, release the Inflation Report, while BoE Governor Mark Carney will speak at a press conference. No changes to the existing monetary policy are expected, but traders are worried […]
Read more