FXStreet’s social network, ForexStreet.net, gains traction and crossed the 3500 member line and is expected to cross the 100,000 page views mark in May. This rise will likely impact the popularity of other networks, and shows the interest for such interaction in the industry. ForexStreet.net’s forums are becoming more active, and the site also leverages … “ForexStreet.net Gains Traction – Becomes Serious Player in Forex”
Month: May 2011
EUR/USD and EUR/GBP Technical Analysis
EURGBP: Builds On Recovery Gains. EURGBP- After reversing its intra day losses to close higher on Tuesday and following through higher today, further bull pressure is now building up on its May 09’2011 high at 0.8817. Guest post by www.fxtechstrategy.com A break and hold above there will bring the 0.8896 level, its May 05’2011 high and … “EUR/USD and EUR/GBP Technical Analysis”
First Regulated Binary Options Affiliate Program Launched by Tradesmarter
The world of binary options is growing up, and following the lead of forex. The highly regarded Australian regulation body ASIC is regulating Tradesmarter, which is now launching a fresh affiliate program. Binary options can be used for hedging, an alternative to traditional stop loss orders and also as tool for trading the news. More … “First Regulated Binary Options Affiliate Program Launched by Tradesmarter”
New Zealand Dollar Gains on PPI & Asian Stocks
The New Zealand dollar gained today as the nation’s producer prices increased and Asian stocks advanced, improving prospects of the New Zealand economy and the currency. The producer price outputs index rose 1.7 percent, while the PPI inputs rose 2.2 percent. The expected valued were 0.6 percent and 0.9 percent respectively. The MSCI Asia Pacific Index of shares rose 1.1 percent, paring its four-day drop. NZD/USD rose from 0.7847 … “New Zealand Dollar Gains on PPI & Asian Stocks”
Pound Sinks on BoE Minutes & Jobless Claims
The Great Britain pound tumbled today, erasing yesterday’s gains versus the US dollar, after the report showed that the unemployment claims jumped and the minutes of the Bank of England monetary policy meeting indicated that most of the policy makers are against increasing the interest rates. The number of people claiming unemployed benefits increased by 12,400 between March and April to 1.47 million. The predicted change was only 400. The minutes of the BoE monetary policy … “Pound Sinks on BoE Minutes & Jobless Claims”
The growing futility of ECB policy
The latest ZEW data showed a small but still notable widening in the economic fortunes between the eurozone as a whole and the German economy. On one level, no great surprise, but what it does mean is that by setting policy at the eurozone level, the ECB is directing its efforts to an economic concept … “The growing futility of ECB policy”
USD/JPY: Trading the Japan GDP May 2011
The first release of Japan’s GDP for the first quarter of 2011 contains the damage from the devastating March 11 catastrophe and is expected to mark the return of Japan to recession. The release will shake currencies. Here are the details, and 5 scenarios for the outcome and for USD/JPY. Released Wednesday at 23:50 GMT. Indicator … “USD/JPY: Trading the Japan GDP May 2011”
Aussie Goes Higher as Investors Expect Interest Rates Hike
The Australia dollar gained against the US dollar and the Japanese yen after the minutes of the central bank’s monetary policy meeting suggested that an increase of the interest rates is possible “at some point”. The Minutes of the Monetary Policy Meeting of the Reserve Bank of Australia said: Members viewed the current mildly restrictive stance of monetary policy as remaining appropriate, with recent rises in the exchange rate likely to have further tightened conditions, particularly in some sectors … “Aussie Goes Higher as Investors Expect Interest Rates Hike”
UK Consumer Prices Boosts Interest Rates Outlook & Pound
The Great Britain pound jumped today as the inflation in Britain accelerated more than was anticipated, renewing talks about possible increase of the interest rates by the Bank of England. The consumer prices index grew 4.5 percent in April, following the 4.0 percent increase in March. Economists predicted an increase by 4.2 percent. The sterling retreated after surging on the report, but currently regained some of its strength. Does the growing inflation mean that the BoE … “UK Consumer Prices Boosts Interest Rates Outlook & Pound”
Fed Catches Up with ECB – More Dollar Gains Expected
What will happen with the dollar after QE2 ends? Will interest rates continue to be of very high importance to the Euro? Where is the Aussie headed? Answers to these questions and more in an interview with David Song of DailyFX. David Song studied macroeconomic policies under a visiting scholar at the Federal Reserve Bank … “Fed Catches Up with ECB – More Dollar Gains Expected”