From November 9th, when the USD/JPY pair finished a corrective (X) wave (coloured red) we could observe strong upward move in this currency pair. When we look at the 2-hourly chart, we can see that first corrective (A) wave (coloured green) of the bigger (Y) wave (coloured red) have 5 impulsive wave formed and that … “USD/JPY Ready To Push Lower”
Month: November 2012
Yuan Advances as China’s Manufacturing Grows
The Chinese yuan went higher today after a report showed that China’s manufacturing expanded for the first time in a year, suggesting that the Asian economy may avoid “hard landing”. The Chinese manufacturing Purchasing Managers’ Index grew from 49.5 to 50.4 in November, reaching the highest level in 13 months. That was the first month of growth since November 2011. The report said: As Novemberâs flash reading of HSBC manufacturing PMI bounced … “Yuan Advances as China’s Manufacturing Grows”
Euro Gains on Improving Manufacturing & EU Summit
The euro advanced today, rising for the second session versus the Japanese yen, as signs of improving manufacturing in the eurozone added to hopes about today’s summit, resulting in a positive market sentiment. The eurozone manufacturing Purchasing Managers’ Index rose from 45.4 to 46.2 in November, reaching the highest level in eight months. The index still indicated a decline, but at least with slower pace. German and French manufacturing also improved. The European Union summit is … “Euro Gains on Improving Manufacturing & EU Summit”
Dollar Weak on Positive US Fundamentals & Hopes for Greece
The US dollar was soft at the beginning of today’s trading session on hopes that Greece will receive an aid after all. The positive fundamental data from the United States added to the weakness of the greenback. The currency trimmed its losses though and may yet rebound. The leaders of the European Union are meeting today and investors hope that the summit will bring clarity to the situation with Greece. Many analysts do not believe that … “Dollar Weak on Positive US Fundamentals & Hopes for Greece”
Rand Weakens on Greek Debt Woes
The South African rand fell today as the delay of a bailout for Greece sparked risk aversion on the Forex market. The currency stayed weak after nation’s inflation unexpectedly accelerated. South Africa inflation rose from 5.5 percent in September to 5.6 percent in October. Analysts have expected a drop to 5.4 percent. According to some economists, it is likely that the inflation rate will continue to increase further. Worries about an aid for Greece … “Rand Weakens on Greek Debt Woes”
Admiral Markets launches upgraded MetaTrader 4 Supreme Edition
The MetaTrader 4 Supreme Edition eliminates the need to navigate away from the terminal for extended information and service. Admiral Markets launched it for its clients now. The company recently introduced MetaTrader 5 on live accounts. For more on the launch of MetaTrader 4 Supreme Edition, here is the official press release: Tallinn – The Admiral Markets … “Admiral Markets launches upgraded MetaTrader 4 Supreme Edition”
MarketsPulse to Attend China International Online Trading Expo
Enterprise binary options solutions MarketsPulse will attend China’s International Online Trading Expo held on November 24-25 in Shenzhen. China is a huge, ye somewhat complicated market. MarketsPulse recently received the ISO-9001 Certification. More details about the expo in China are in the press release below. LONDON–Executives from MarketsPulse, the world leaders in enterprise binary options solutions, will join the … “MarketsPulse to Attend China International Online Trading Expo”
Japanese Yen Falls on Easing Expectations
The Japanese yen continues to slide as Forex traders expect more easing from the Bank of Japan. Comments from a political leader in Japan indicate that an aggressive policy of easing will be followed starting next month, and that has Forex traders already seeing increased weakness. Shinzo Abe, the leader of the LDP, made a speech earlier, outlining campaign promises and talking about what will happen if his party comes … “Japanese Yen Falls on Easing Expectations”
Euro Moves Higher, In Spite of Greek Problems
Euro is moving a little bit higher today, gaining ground against the US dollar, even as concerns about the situation in Greece continue to take center stage. Even with the delay, though, the euro is eking out gains as expectations that greater efforts will be made in the future. Tuesday was supposed to have brought a deal to provide more aid to Greece, but the day came to a close with the International Monetary … “Euro Moves Higher, In Spite of Greek Problems”
Sterling Gains vs. Euro as Talks About Greek Aid Fail
The Great Britain pound advanced against the euro today after talks among European Union finance ministers failed, increasing the appeal of the sterling as a refuge from the European crisis. The currency remained weak versus the US dollar. Traders were hoping that yesterday’s meeting will show willingness of European politicians to work together for solving the region’s problems. Instead, the failed talks just confirmed that Europe’s leaders are unable to act … “Sterling Gains vs. Euro as Talks About Greek Aid Fail”