Day: February 13, 2017

February 13
2017

Is It a Good Idea to Trade While Sick? Poll

Do you remember trying to spot the right entry conditions for your EUR/USD reversal trade while feeling drowsy from the cold you caught two days before? To me, it has always been a challenge. It is like trading late in the night or while being drunk. And a cold is nothing in comparison to how miserable my interaction with the market can be made by a flu. That an illness can affect cognition […]

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February 13
2017

US Dollar Rises Against Major Rivals Following Trump and Abe Meeting

The US Dollar climbed against its major peers on Monday, after a meeting between US President Donald Trump and Japan’s Prime Minister Shinzo Abe went smoothly over the weekend. The meeting did not yield any results that relate to the monetary policies of both nations. The meeting, which took place on Friday, came after a phone call between Trump and Chinese President Xi Jinping that raised expectations of smoother […]

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February 13
2017

US Dollar Rises Against Major Rivals Following Trump and Abe Meeting

The US Dollar climbed against its major peers on Monday, after a meeting between US President Donald Trump and Japan’s Prime Minister Shinzo Abe went smoothly over the weekend. The meeting did not yield any results that relate to the monetary policies of both nations. The meeting, which took place on Friday, came after a phone call between Trump and Chinese President Xi Jinping that raised expectations of smoother […]

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February 13
2017

British Pound Rebounds Ahead of Expected Positive CPI Data

The British pound traded higher against its main counterparts today as markets expected positive consumer price index data from the UK tomorrow. The British pound strengthened against its main peers despite the lack of any news events in the UK today, notwithstanding the passing of the Article 50 bill in the House of Commons on last week. At the height of its rebound the British pound gained over 50 pips against its main competitor the US dollar although […]

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February 13
2017

British Pound Rebounds Ahead of Expected Positive CPI Data

The British pound traded higher against its main counterparts today as markets expected positive consumer price index data from the UK tomorrow. The British pound strengthened against its main peers despite the lack of any news events in the UK today, notwithstanding the passing of the Article 50 bill in the House of Commons on last week. At the height of its rebound the British pound gained over 50 pips against its main competitor the US dollar although […]

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February 13
2017

Japan’s GDP Misses Expectations, Yen Trades Lower

The Japanese yen fell today (though it has pared the losses against the US dollar by now) as Japan’s gross domestic product missed analysts’ expectations. GDP increased by 0.2% in the fourth quarter of 2016 according to the preliminary report. Experts were anticipating the same 0.3% rate of growth as in the previous three months. While the disparity between the expected and the actual readings was not big, it was enough to drive the yen down. The Japanese […]

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February 13
2017

Japan’s GDP Misses Expectations, Yen Trades Lower

The Japanese yen fell today (though it has pared the losses against the US dollar by now) as Japan’s gross domestic product missed analysts’ expectations. GDP increased by 0.2% in the fourth quarter of 2016 according to the preliminary report. Experts were anticipating the same 0.3% rate of growth as in the previous three months. While the disparity between the expected and the actual readings was not big, it was enough to drive the yen down. The Japanese […]

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February 13
2017

Ringgit Falls vs. Dollar Despite Favorable Market Sentiment

The Malaysian ringgit fell against the US dollar together with most other Asian currencies (with the exception of the Taiwan dollar) even though the market sentiment was favorable to riskier assets. Asian stocks rallied to the highest level in more than a year as market participants felt that it is safe to buy higher-yielding assets. Among reasons for risk appetite were hopes for a tax reform in the United States and the last week’s meeting […]

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February 13
2017

Ringgit Falls vs. Dollar Despite Favorable Market Sentiment

The Malaysian ringgit fell against the US dollar together with most other Asian currencies (with the exception of the Taiwan dollar) even though the market sentiment was favorable to riskier assets. Asian stocks rallied to the highest level in more than a year as market participants felt that it is safe to buy higher-yielding assets. Among reasons for risk appetite were hopes for a tax reform in the United States and the last week’s meeting […]

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