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Day: May 2, 2017
May 22017
Social Trading: Business Ideas Now Available for Free
With Forex, there is a market available for absolutely everybody. With a platform so vast, it allows everyone to make a deposit and start trading instantly. However, in most cases, only professionals can see real results. Whilst getting started with trading is easy for any person from the street, they have no chance to make money on the market without an experienced mentor. Where can you get it? […]
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May 22017
Canadian Dollar Plummets Versus US Peer amid Growing Uncertainty About Trade Outlook
The Canadian dollar weakened against its US counterpart on Tuesday to touch the lowest level in more than a year after stop loss orders were triggered amid broadening losses for the loonie. The Canadian currency came under pressure in recent trading sessions as oil prices continued to fall and uncertainty surrounding the Canadian trade relationships with the United States increased. Crude oil moved below $50.0 to touch the lowest level in five weeks […]
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May 22017
Canadian Dollar Plummets Versus US Peer amid Growing Uncertainty About Trade Outlook
The Canadian dollar weakened against its US counterpart on Tuesday to touch the lowest level in more than a year after stop loss orders were triggered amid broadening losses for the loonie. The Canadian currency came under pressure in recent trading sessions as oil prices continued to fall and uncertainty surrounding the Canadian trade relationships with the United States increased. Crude oil moved below $50.0 to touch the lowest level in five weeks […]
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May 22017
US Dollar Climbs Against Japanese Yen on Higher Appetite for Risk
The US dollar rose against the Japanese yen on Tuesday to touch its highest level since March 21. The greenback became stronger against the yen as tradersâ appetite for risk grew ahead of a Federal Reserveâs meeting that will decide the latest monetary policy move from the central bank. Despite weak manufacturing and inflation data on Monday, investors still believe that the Federal Reserve will likely raise US interest rates […]
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May 22017
US Dollar Climbs Against Japanese Yen on Higher Appetite for Risk
The US dollar rose against the Japanese yen on Tuesday to touch its highest level since March 21. The greenback became stronger against the yen as tradersâ appetite for risk grew ahead of a Federal Reserveâs meeting that will decide the latest monetary policy move from the central bank. Despite weak manufacturing and inflation data on Monday, investors still believe that the Federal Reserve will likely raise US interest rates […]
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May 22017
EUR/USD Trades Sideways on Negative Eurozone Unemployment Data
The EUR/USD currency pair was trading sideways today after the release of disappointing unemployment data from the Eurozone by Eurostat. The currency pair did not decline significantly after the release mainly because of the weaker US dollar as tracked by the US Dollar Index, which struggled to rise above 100.00. The currency pair was trading in a tight range between 1.0900 and 1.0924 during the early European session and was on a downward trend at the time of writing. […]
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May 22017
EUR/USD Trades Sideways on Negative Eurozone Unemployment Data
The EUR/USD currency pair was trading sideways today after the release of disappointing unemployment data from the Eurozone by Eurostat. The currency pair did not decline significantly after the release mainly because of the weaker US dollar as tracked by the US Dollar Index, which struggled to rise above 100.00. The currency pair was trading in a tight range between 1.0900 and 1.0924 during the early European session and was on a downward trend at the time of writing. […]
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May 22017
Great Britain Pound Meanders After Amazing Manufacturing Report
The Great Britain pound was mixed after a very positive manufacturing report. The currency was flat versus the US dollar, gained on the Japanese yen, but fell against such majors like the euro and the Swiss franc. The most likely reason for the relatively weak performance were Brexit fears. The seasonally adjusted manufacturing Markit/CIPS Purchasing Managersâ Index climbed from 54.2 in March to 57.3 in April — the highest level in three year. The actual […]
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May 22017
Great Britain Pound Meanders After Amazing Manufacturing Report
The Great Britain pound was mixed after a very positive manufacturing report. The currency was flat versus the US dollar, gained on the Japanese yen, but fell against such majors like the euro and the Swiss franc. The most likely reason for the relatively weak performance were Brexit fears. The seasonally adjusted manufacturing Markit/CIPS Purchasing Managersâ Index climbed from 54.2 in March to 57.3 in April — the highest level in three year. The actual […]
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May 22017
Australia Dollar Higher After RBA, Under Pressure from China’ Data
The Australian dollar rallied on Tuesday after the monetary policy meeting of the Reserve Bank of Australia. As of now, the currency has come off the day’s highs, possibly being under pressure from poor economic data from China. The RBA kept its main interest rate at 1.5% and issued a neutral statement, in line with market expectations. The bank said that “forecasts for the Australian economy are little changed.” As usually, RBA Governor Philip […]
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