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Day: May 22, 2017
May 222017
Which Cryptocurrency Pairs Do You Trade in Forex?
My old poll about the popularity of currency pairs had rather predictable results — EUR/USD, GBP/USD, the JPY pairs are the leaders. But how about cryptocurrency trading? Can it be considered a part of the more traditional Forex scene? Given the fact that many FX brokers now support trading in crypto, should they be considered separate entities, or does BTC/USD or ETH/USD can be analyzed and traded on mostly the same […]
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May 222017
US Dollar Weakens as Traders Remain Concerned About Political Instability
The US dollar weakened against a basket of its major counterparts on Monday as political woes continued to loom over the market, which reduced demand for the greenback. A cautious trading mood ahead of major data releases this week drove an index of the strength of the US currency to its lowest level since October 2016. The political repercussions of a controversy that began when US President Donald Trump fired Federal Bureau of Investigation Director James […]
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May 222017
US Dollar Weakens as Traders Remain Concerned About Political Instability
The US dollar weakened against a basket of its major counterparts on Monday as political woes continued to loom over the market, which reduced demand for the greenback. A cautious trading mood ahead of major data releases this week drove an index of the strength of the US currency to its lowest level since October 2016. The political repercussions of a controversy that began when US President Donald Trump fired Federal Bureau of Investigation Director James […]
Read more
May 222017
EUR/USD Rallies Higher on Angela Merkel’s Comments
The EUR/USD currency pair today rallied higher during the European session after German Chancellor, Angela Merkel, blamed the euro’s weakness on the European Central Bank. The lack of economic releases from both the US and the European dockets made the currency pair especially sensitive to Merkel’s comments. The currency pair rallied to a daily high of 1.1262, a level it hit last on November 9. The pair gained over 90 points at the height of its mid-European […]
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May 222017
EUR/USD Rallies Higher on Angela Merkel’s Comments
The EUR/USD currency pair today rallied higher during the European session after German Chancellor, Angela Merkel, blamed the euro’s weakness on the European Central Bank. The lack of economic releases from both the US and the European dockets made the currency pair especially sensitive to Merkel’s comments. The currency pair rallied to a daily high of 1.1262, a level it hit last on November 9. The pair gained over 90 points at the height of its mid-European […]
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