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Day: February 1, 2018
February 12018
Cheap VPS Solution from an Old-Timer
I have listed another Forex VPS provider today — RouterHosting. It is a long-time hosting industry participant, which is now offering VPS plans catering specifically to currency traders. I would say that the company offers a rather nice set of features for the price they ask: The basic plan ($4.95 price) goes with 512 MB RAM, 1 CPU core, 12 GB SSD, 1 TB of bandwidth per […]
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February 12018
EUR/USD Slides Before FOMC, Remains Almost Flat After Policy Announcement
EUR/USD rallied intraday but retreated ahead of the policy announcement by the Federal Open Market Committee. As was expected, the FOMC did not make any noticeable chances to its policy. Changes to the wording in the statement were minor, though some analysts thought that they made the announcement a bit more hawkish than the previous ones. As for Wednesday’s US economic data, it was generally good. ADP employment rose by 234k in January, […]
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February 12018
EUR/USD Resumes Rally After Pause Caused by FOMC Statement
EUR/USD resumed its rally today after ending the session almost flat yesterday. The dollar bounce caused the FOMC policy statement proved to be short-lived as monetary tightening from the Federal Reserve is already priced in. Meanwhile, speculations that the European Central Bank will join the tightening trend among central banks were helping the euro. As for US data, it was rather good, but that did not […]
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February 12018
Pound Rallies Against US Dollar on Strong UK Housing Data
The British pound today rallied higher against the US dollar in the early European session despite the release of weak UK manufacturing data. The pound’s rally was largely triggered by the weaker US dollar and positive UK housing data released by Nationwide Building Society earlier in the session. The GBP/USD currency pair rallied higher by over 110 points from a daily low of 1.4159 to hit a high of 1.4275 in the early European session. The currency pair […]
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February 12018
Positive Economic Data Doesn’t Prevent Slump of Australian Dollar
The Australian dollar slumped against virtually all of its major rivals today even though domestic macroeconomic data was supportive for Australia’s currency for the most part. The Australian Industry Group Australian Performance of Manufacturing Index climbed from 56.2 in December to 58.7 in January. The Import Price Index rose by 2.0% in the December quarter from the previous three months after falling by 1.6% in the September quarter. The Index of Commodity Prices declined 0.6% […]
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February 12018
Chinese Yuan Retreats vs. US Dollar Even as China’s Manufacturing Grows
The Chinese yuan fell against the US dollar today despite the relatively positive report about China’s manufacturing sector. The seasonally adjusted Caixin China General Manufacturing PMI was at 51.5 in January, unchanged from December and in line with expectations. The report said: Chinaâs manufacturing sector continued to expand at the start of 2018, with production rising to the greatest extent in just over a year. Yet the support from the positive data was […]
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