EUR/USD has been very sensitive of late to every comment regarding the ECB’s next move: rate cut or no rate cut? That was the question. The economic situation in the euro-zone certainly warrants more easing measures, but rates are already very low. Yet in order to achieve a real change, the ECB might have to … “ECB Preview: Setting a Negative Deposit Rate Would Provide”
Month: April 2013
Spread High Low Option Introduced by MarketsPulse
MarketsPulse, which provides a platform for binary options, developed a Spread High Low option for brokers to offer clients. This new option enables brokers to offer traders payouts higher than 100%. The launch of this new option is particularly interesting for online trading brokers looking to integrated and expand their offerings beyond forex, CFD, and … “Spread High Low Option Introduced by MarketsPulse”
GDP Data Sends US Dollar Lower against Major Counterparts
US dollar is heading lower against its major counterparts today, dropping as the latest economic news disappoints. It appears that the Fed won’t be letting up on its easing program anytime soon. The latest US GDP reading came in at a +2.5 per cent today. However, this reading was a bit disappointing, since many economists had a higher forecast. With this disappointment, stocks headed lower — … “GDP Data Sends US Dollar Lower against Major Counterparts”
Japanese Yen Higher after Bank of Japan Announcement
Japanese yen is heading higher today, performing well across the board following the latest Bank of Japan announcement. Yen is getting a boost from the fact that the Bank of Japan is not adding any particulars to its plan for economic stimulus. The announcement today didn’t offer anything new. The result, in this slightly risk averse environment, is that the yen is in demand as a safe haven. Haruhiko Kuroda, the new … “Japanese Yen Higher after Bank of Japan Announcement”
Swiss Franc Gains on Signs of Stabilizing Economy
The Swiss franc rose today on signs that Switzerland economy stabilized, giving hope that the Swiss National Bank will drop its cap on the currency sometime in the future. The KOF Economic Barometer rose from 1.00 to 1.02 in April. Analysts have predicted that the index would fall to 0.98. The report said: The stabilisation, that was already indicated last month, is thereby confirmed. USD/CHF fell from 0.9446 to 0.9435 … “Swiss Franc Gains on Signs of Stabilizing Economy”
NZ Dollar Soft Even as Trading Surplus Widens
The New Zealand dollar rallied against its US counterpart today as New Zealand’s trading balance surplus surged above analysts’ expectations. The kiwi trimmed its advance versus the greenback later and fell against the Japanese yen despite the positive news. The New Zealand trade excess rose from NZ$441 million in February to NZ$718 million in March. Experts have anticipated just a small increase to NZ$472 million. The report bolstered the New … “NZ Dollar Soft Even as Trading Surplus Widens”
Good Economic Indicators Result in Rally of CAD
The Canadian dollar rallied yesterday as positive macroeconomic reports made investors willing to risk and buy assets associated with higher yield. The currency maintains the gains today so far. Falling US jobless claims and growing Britain’s economy improved the mood of traders. The positive sentiment resulted in rising prices for crude oil, the major Canada’s export. Futures for crude jumped as much as 2 percent to $93.28 per barrel in New York yesterday. … “Good Economic Indicators Result in Rally of CAD”
No Respite for Euro
The euro remained under pressure as continuously bad reports from Europe drive investors away from the region’s assets and make them question if the European Central Bank will act to help the failing economy. Spanish unemployment reached a new record of 27.16 percent in the first quarter of 2013. The data reignited talks about possible interest rate cut from the ECB. Yet not many analysts believe that the next week’s … “No Respite for Euro”
Windsor Brokers Launches Binary Options
Cyprus based forex broker Windsor Brokers announces the launch of binary options to its offering. Windsor has recently issued statements regarding the crisis in Cyprus. For more about binary options, see the press release below: Cyprus, April 25th, 2013 – Windsor Brokers Ltd. recently launched Binary Options Trading. Binary Options have become very popular in … “Windsor Brokers Launches Binary Options”
Leverate Now ISAE 3402 Type II Compliant – Audited by
Leverate, a provider of software solutions for forex brokers, has successfully been audited by Deloitte and has been certified as ISAE 3402 Type II compliant. This is an important status concerning working with tier-one institutions. Leverate recently added Saxo Markets to its FXPN network. For more information, here is the official press release: April 24, 2013 … “Leverate Now ISAE 3402 Type II Compliant – Audited by”