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Day: May 8, 2017
May 82017
[Poll] Arbitrage for Retail Forex Traders
Arbitrage is a practice of earning money by simultaneously buying and selling the same asset on different markets without exposing yourself to the asset value risk. The simplest example of FX arbitrage would be to buy a currency at one broker at an Ask price that is lower than the Bid price you can sell it at another broker. There are four basic types of arbitrage in Forex: Plain intercurrency arbitrage between two brokers. […]
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May 82017
Canadian Dollar Retreats as Weak Chinese Data Weighs on Metal Prices
The Canadian dollar weakened against its US counterpart on Monday, after a decline in metal prices forced the loonie to erase some of its gains on Friday. Positive data for housing starts in April, which were released earlier today, failed to yield gains for the Canadian currency. Chinaâs General Administration of Customs said that the nationâs trade growth slowed down in April amid smaller demand for commodities and electronics. Chinese exports grew 8.0% […]
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May 82017
Canadian Dollar Retreats as Weak Chinese Data Weighs on Metal Prices
The Canadian dollar weakened against its US counterpart on Monday, after a decline in metal prices forced the loonie to erase some of its gains on Friday. Positive data for housing starts in April, which were released earlier today, failed to yield gains for the Canadian currency. Chinaâs General Administration of Customs said that the nationâs trade growth slowed down in April amid smaller demand for commodities and electronics. Chinese exports grew 8.0% […]
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May 82017
US Dollar Rallies Slightly Higher, but Still Under Increased Selling Pressure
The US dollar today rallied higher during the North American session despite the increased selling pressure on the currency, according to the latest CFTC report. The selling pressure on the greenback stems from last week when the currency did not post any improvements, despite the positive nonfarm payrolls. The greenback’s performance, as tracked by the US Dollar Index, was lacklustre during the European session but improved drastically during the American session as the Index hit […]
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May 82017
US Dollar Rallies Slightly Higher, but Still Under Increased Selling Pressure
The US dollar today rallied higher during the North American session despite the increased selling pressure on the currency, according to the latest CFTC report. The selling pressure on the greenback stems from last week when the currency did not post any improvements, despite the positive nonfarm payrolls. The greenback’s performance, as tracked by the US Dollar Index, was lacklustre during the European session but improved drastically during the American session as the Index hit […]
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May 82017
Aussie Mixed After Release of Data from China & Australia
The Australian dollar was mixed today after the release of economic indicators from Australia and China. While China’s trade surplus was above market expectations, growth of both imports and exports was below forecasts. Australia’s data was not particularly stellar either as the number of building approvals slumped by 13.4% in March from February on a seasonally adjusted basis. Yet not all reports were bad, as business confidence reported by National […]
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May 82017
Aussie Mixed After Release of Data from China & Australia
The Australian dollar was mixed today after the release of economic indicators from Australia and China. While China’s trade surplus was above market expectations, growth of both imports and exports was below forecasts. Australia’s data was not particularly stellar either as the number of building approvals slumped by 13.4% in March from February on a seasonally adjusted basis. Yet not all reports were bad, as business confidence reported by National […]
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May 82017
Great Britain Pound Waits for Super Thursday
The calendar of macroeconomic reports for Great Britain is almost empty this week with one major exception â Thursday. Almost all economic indicators scheduled for this week will be released on that day, thus the nickname âSuper Thursday.â Of course, it should be very important for the performance of the Great Britain pound. The Bank of England will announce its monetary policy decision on the Super Thursday. While no changes […]
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May 82017
Great Britain Pound Waits for Super Thursday
The calendar of macroeconomic reports for Great Britain is almost empty this week with one major exception â Thursday. Almost all economic indicators scheduled for this week will be released on that day, thus the nickname âSuper Thursday.â Of course, it should be very important for the performance of the Great Britain pound. The Bank of England will announce its monetary policy decision on the Super Thursday. While no changes […]
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May 82017
Euro Backs Off After Opening Sharply Higher
The euro has backed off from its daily highs by now but only after opening sharply higher following the landslide victory of centrist Emmanuel Macron in the second round of the French Presidential election. Markets-favored Macron won with about two thirds of the votes, the result that was in line with opinion polls ahead of the voting. Yet many people were feeling that polls should not be trusted after […]
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