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Day: October 16, 2017
October 162017
How Do You Spend Your Free Time?
If you do not want to get disappointed in Forex even when your trading results are not too bad, you have to pay attention to how you manage your free time. Spending your periods of leisure in a way that would give your mind and body enough rest and would motivate you for better trading achievements is a great psychological help to any trader. Facing a 24/5 market, […]
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October 162017
Canadian Dollar Moves Lower Even as Crude Oil Rallies
The Canadian dollar fell a bit today even as prices for crude oil, Canada’s major export, rallied during the Monday’s session. Market analysts argued that the reason for that is diminishing prospect for an interest rate hike from the Bank of Canada. At the start of October, speculators priced in about 75% chance of a hike before the year end. But now, the probability is less than 50%. Economists claimed that the recent economic data […]
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October 162017
Canadian Dollar Moves Lower Even as Crude Oil Rallies
The Canadian dollar fell a bit today even as prices for crude oil, Canada’s major export, rallied during the Monday’s session. Market analysts argued that the reason for that is diminishing prospect for an interest rate hike from the Bank of Canada. At the start of October, speculators priced in about 75% chance of a hike before the year end. But now, the probability is less than 50%. Economists claimed that the recent economic data […]
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October 162017
EUR/USD Little Changed as Euro & Dollar Struggle to Find Direction
EUR/USD moved lower today, but the drop was meager as neither the euro nor the dollar showed clear direction during the Monday’s trading session. The greenback continued to suffer from the Friday’s underwhelming inflation report, while the euro had troubles attracting traders due to uncertainty regarding the outlook for monetary policy of the European Central Bank. NY Empire State Index climbed from 24.4 to 30.2 in October, reaching the highest level in three […]
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October 162017
Euro Flat in Anticipation of Economic Data & ECB
The euro was mostly flat today as markets turned their attention away from politics towards the next week’s European Central Bank policy meeting and economic data that may influence the ECB decision. In what looked like a clever ploy, Spanish Prime Minister Mariano Rajoy demanded from the Catalan leader Carles Puigdemont to make a clear statement whether Catalonia has announced independence. A clear yes would allow […]
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October 162017
Euro Flat in Anticipation of Economic Data & ECB
The euro was mostly flat today as markets turned their attention away from politics towards the next week’s European Central Bank policy meeting and economic data that may influence the ECB decision. In what looked like a clever ploy, Spanish Prime Minister Mariano Rajoy demanded from the Catalan leader Carles Puigdemont to make a clear statement whether Catalonia has announced independence. A clear yes would allow […]
Read more
October 162017
Pound Stable as Markets Wait for Economic Data
The Great Britain pound was stable today amid Brexit uncertainties and anticipation of important economic releases this week. (Update: currently the sterling seems to start a gradual move down.) Britain’s Prime Minister Theresa May is heading to Brussels today to dine with the European Union leaders and try to salvage Brexit negotiations that seems to be falling apart. There was a report that a chance for a positive outcome appeared, yet […]
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October 162017
Pound Stable as Markets Wait for Economic Data
The Great Britain pound was stable today amid Brexit uncertainties and anticipation of important economic releases this week. (Update: currently the sterling seems to start a gradual move down.) Britain’s Prime Minister Theresa May is heading to Brussels today to dine with the European Union leaders and try to salvage Brexit negotiations that seems to be falling apart. There was a report that a chance for a positive outcome appeared, yet […]
Read more