Day: July 17, 2017

July 17
2017

[Poll] Is Forex Trading Legal in Your Country?

Various countries deal with the retail Forex trading industry differently. Long gone are the days when regulators ignored small traders and their relationship with brokers. Developed countries set up the regulatory frameworks that protect the retail customers but create many restrictions. At the same time, some countries go as far as prohibiting retail FX trading altogether. Below, I will list some of the countries that have important […]

Read more
July 17
2017

Euro Rallies Even as Inflation Slows, ECB in Focus

The euro was up against its major rivals during the current trading session even though today’s report confirmed a slowdown (albeit small) of eurozone inflation. Eurostat reported today that eurozone inflation was at 1.3% in June according to the final estimate, down from 1.4% in May. It was unchanged from the preliminary data. That is not a good sign ahead of this week’s policy meeting of the European Central […]

Read more
July 17
2017

Hungarian Forint Fails to Profit from Rally of Stocks

The Hungarian forint fell against the US dollar today even as nation’s stocks followed other Eastern European stocks in a rally. The Hungarian blue chip stock index rallied to the new historic record. Yet the forint did not profit from that, perhaps because the Hungarian National Bank remains extremely dovish and may ease its monetary policy further. The strength of the US dollar was also hurting risky currencies. USD/HUF […]

Read more
July 17
2017

Aussie Shows No Reaction to Good News from China

Macroeconomic indicators released in China today were very good, painting a positive picture of the nation’s economy. Considering that China is the biggest trading partner of Australia, it was reasonable to expect the Australian dollar to rally on the news. But that did not happen. The National Bureau of Statistics of China released a very positive report about the Chinese economy. It showed that gross domestic product expanded 6.9% in the second quarter […]

Read more