XTB acknowledges the growing popularity of Apple’s iPads and launches xTab. This allows trading anywhere for iPad users. The application also includes commentary for traders. This follows a previous announcement regarding the launch of xStation a few months ago. More and more brokers are entering the mobile and tablet space. Press release for xTab Launch … “XTB Launches xTab for trading on iPad”
Month: February 2012
USD/JPY: Trading US Pending Home Sales
The Pending Home Sales indicator is released monthly, and provides analysts with important data about consumer demand in the housing sector. A higher reading than the market prediction is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Monday at 15:00 GMT. Indicator Background The Pending Homes Sales Report provides … “USD/JPY: Trading US Pending Home Sales”
Mixed Week for Pound, Good from Fundamental Point of View
The Great Britain pound had a mixed week after positive macroeconomic fundamentals reduced need for stimulating measures, but the minutes of the central bank’s policy meeting showed that some policy makers think that the UK economy needs even more stimulus. Most economic reports were positive for the pound. Among them were larger-than-forecast budget surplus, increasing mortgage approvals and growing gross domestic product. Skepticism about ability … “Mixed Week for Pound, Good from Fundamental Point of View”
AUD/JPY Reaches Seven-Month High as Rate Cut Isn’t Expected
The Australian dollar climbed to the highest price in more than in seventh months against the Japanese yen as speculations about an interest rate cut receded, while general mood on the Forex market was supportive for higher-yielding currencies. The Australian currency was down versus the US dollar and the euro. Glenn Stevens, the Reserve Bank of Australia Governor, suggested in his opening statement to House of Representatives Standing Committee on Economics that policy makers of the central bank … “AUD/JPY Reaches Seven-Month High as Rate Cut Isn’t Expected”
Pound Climbs with Annual GDP Growth
The Great Britain pound jumped today, reaching the highest rate in more than five months versus the Japanese yen, after the report showed that the UK economy shrank last quarter on a quarterly basis, but expanded on an annual basis. Britain’s gross domestic product fell 0.2 percent in the fourth quarter of 2011 from the previous three months, matching analysts’ forecast. That was the same rate of contraction as in the previous quarter. Year-on-year, … “Pound Climbs with Annual GDP Growth”
Won Gains on Positive Data from Europe & USA
The South Korean won gained today as positive data from Europe was followed by some really good numbers from the United States, including new home sales and consumer sentiment, that increased appeal of riskier currencies. US new homes sales were at a seasonally adjusted annual rate of 321,000 in January, compared to the median forecast of 316,000. The University of Michigan consumer sentiment index was at 75.3 in the final revision, showing a big … “Won Gains on Positive Data from Europe & USA”
US Dollar Softer on Risk Appetite
US dollar is softer today as general risk appetite eliminates the need for safe haven currencies. Optimism about the future is high, and many forex traders are looking forward to improvements in the global economy. US consumer confidence saw an improvement, showing above minus 40 for the second consecutive time. This latest reading is the fifth improvement in a row, and many are hopeful that this means that consumers are … “US Dollar Softer on Risk Appetite”
Rand Gains as German GDP Posts Annual Growth
The South African rand advanced today, rising for the third consecutive trading session, after the report showed that German economy grew in the last quarter on an annual basis, supporting positive sentiment about the economy of the eurozone. Germany’s gross domestic product advanced 1.5 percent in the fourth quarter of 2011 from a year ago, though it was down 0.2 percent from the previous three months. The report was in line with forecasts … “Rand Gains as German GDP Posts Annual Growth”
Euro Heads Above the 1.3400 Mark
Euro has moved above the 1.3400 mark today as Forex traders look on the bright side of things. However, there are questions about whether the euro can find support at this level, considering the issues that still afflict the eurozone, and the global economy. For now, many traders are focusing on the positive aspects of recent data releases. Germany’s Ifo data came in better than expected. The US economy looks like it … “Euro Heads Above the 1.3400 Mark”
Pound Climbs as Mortgage Approvals Reach Two-Year Record
The Great Britain pound rose against the US dollar and the Japanese yen after macroeconomic data showed that the number of mortgage approvals reached the highest level in two years and industrial order expectations improved. The currency was down versus the euro. The Industrial Trends Survey of Confederation of British Industry showed that the gauge of expectations rose to -3 in February from -16 in the previous month. Not a stellar performance, but still a highest level … “Pound Climbs as Mortgage Approvals Reach Two-Year Record”