Day: July 3, 2017

July 3
2017

[Poll] Optimal Forex Account Size to Trade for a Living

Nowadays, it is normal for retail Forex brokers to offer trading accounts from as little as $1. Of course, when you start trading with such a low amount, you cannot earn anything significant without resorting to pure gambling. But where does that limit, which separates ‘just trying the taste of Forex’ from ‘serious trading to earn your payroll’, lie? Obviously, the answer largely depends on the scale of earnings […]

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July 3
2017

GBP/USD Declines After UK Manufacturing PMI Misses Expectations

The Great Britain pound was falling against the US dollar during the current trading session and accelerated its decline after a private report showed slowing growth of Britain’s manufacturing sector. The sterling was flat against such rivals as the euro and the Swiss franc and managed to rally against the Japanese yen. The IHS Markit/CIPS UK Manufacturing PMI dipped from 56.3 in May to 54.3 in June. That was a complete surprise to analysts as they […]

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July 3
2017

GBP/USD Declines After UK Manufacturing PMI Misses Expectations

The Great Britain pound was falling against the US dollar during the current trading session and accelerated its decline after a private report showed slowing growth of Britain’s manufacturing sector. The sterling was flat against such rivals as the euro and the Swiss franc and managed to rally against the Japanese yen. The IHS Markit/CIPS UK Manufacturing PMI dipped from 56.3 in May to 54.3 in June. That was a complete surprise to analysts as they […]

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July 3
2017

EUR/USD Declines After ISM Manufacturing PMI Climbs

EUR/USD climbed today as the dollar staged a broad-based recovery against its major peers. One of the reasons for the greenback’s rally was a surprisingly positive reading logged by ISM manufacturing PMI. Analysts are divided on whether the dollar’s rally was just a small upward correction in a bear market or it was something more significant. Final Markit manufacturing PMI fell from 52.7 in May to 52.0 in June. The actual reading was very […]

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July 3
2017

Euro Weakens Against US Dollar on Mixed US and Eurozone Data

The EUR/USD currency pair was on a downward trend for most of today’s session as investors shift their buying focus from the euro to the US dollar. The release of the US ISM manufacturing data for June also pushed the currency pair lower as it exceeded market expectations, which supported the US dollar’s rally. The currency pair lost over 50 points at the height of its decline as the greenback rallied against the single currency. Today’s session marked […]

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July 3
2017

Euro Weakens Against US Dollar on Mixed US and Eurozone Data

The EUR/USD currency pair was on a downward trend for most of today’s session as investors shift their buying focus from the euro to the US dollar. The release of the US ISM manufacturing data for June also pushed the currency pair lower as it exceeded market expectations, which supported the US dollar’s rally. The currency pair lost over 50 points at the height of its decline as the greenback rallied against the single currency. Today’s session marked […]

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July 3
2017

Australian Dollar Unable to Keep Gains Caused by China’s PMI

A private report released today showed that China’s manufacturing sector switched to growth. The Australian dollar attempted to rally with the help from the good news from Australia’s biggest trading partner. Yet the currency lost its gains versus its most-traded rivals (with the exception of the soft Japanese yen) as the report was not as good as it looked at first glance. The Caixin China General Manufacturing PMI climbed from 49.6 […]

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July 3
2017

Australian Dollar Unable to Keep Gains Caused by China’s PMI

A private report released today showed that China’s manufacturing sector switched to growth. The Australian dollar attempted to rally with the help from the good news from Australia’s biggest trading partner. Yet the currency lost its gains versus its most-traded rivals (with the exception of the soft Japanese yen) as the report was not as good as it looked at first glance. The Caixin China General Manufacturing PMI climbed from 49.6 […]

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July 3
2017

Japanese Yen Fails to Capitalize on Upbeat Tankan Survey

The Tankan survey released today showed that business conditions for Japan’s large enterprises improved in both manufacturing and non-manufacturing sectors last quarter. Yet the Japanese yen failed to capitalize on the favorable data. The Tankan Large Manufacturers Index climbed from 12 in the March quarter to 17 in the June quarter, exceeding the median forecast of 15. The Tankan Large Non-Manufacturing Index rose from 20 to 23, though it was a bit below the average […]

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July 3
2017

Japanese Yen Fails to Capitalize on Upbeat Tankan Survey

The Tankan survey released today showed that business conditions for Japan’s large enterprises improved in both manufacturing and non-manufacturing sectors last quarter. Yet the Japanese yen failed to capitalize on the favorable data. The Tankan Large Manufacturers Index climbed from 12 in the March quarter to 17 in the June quarter, exceeding the median forecast of 15. The Tankan Large Non-Manufacturing Index rose from 20 to 23, though it was a bit below the average […]

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