The New Zealand CPI (Consumer Price Index), which is released every quarter, measures the change in the price of goods and services charged to consumers. A reading which is higher than forecast is bullish for the New Zealand dollar. Here are all the details, and 5 possible outcomes for NZD/USD. Published on Monday at 22:45 GMT. Indicator Background … “NZD/USD: Trading the NZ CPI July 2013”
Month: July 2013
The Taper Caper
On Wednesday, July 10th it appeared as though markets worldwide were awaiting the FOMC Meeting minutes released at 2 PM EST in the United States. When the minutes were released it was revealed that about half of the 19 members in the Federal Reserve wanted to end Quantitative Easing as early as September. As of … “The Taper Caper”
UK Pound Pulls Back after Yesterday’s Gains
Yesterday, the UK pound went on a tear, heading higher against the majors. Today, though, the tables have turned a bit. Sterling is lower almost across the board, and Forex traders are considering what the next move by the Bank of England will be. Thanks to the absence of more economic data, as well as remarks indicating that the United States could see the tapering of its asset purchase program delayed, the UK pound saw some … “UK Pound Pulls Back after Yesterday’s Gains”
Euro Drops as ECB Board Member Reiterates Low Rates
Euro is heading lower today as indications for continued loose monetary policy from the European Central Bank continue to come. Euro has dropped a reasonable amount, but is still off its low, and trying to stabilize. ECB executive board member Vitor Constancio commented earlier that the eurozone is making a slow economic recovery, and that means that policy has to remain “accommodative.” Many are taking that … “Euro Drops as ECB Board Member Reiterates Low Rates”
S&P500 and Dow: Higher and higher – Bull market in play
S&P500 and Dow rallied yesterday again, better if we say has rallied in the last six days in row. This song is more actual than ever: The sentiment is extremely bullish in Asia, US and Europe, and all over the world. Yesterday’s number: Dow +1.11%, S&P500 +1.35%, Nasdaq 1.63%. All investors cooled down and set … “S&P500 and Dow: Higher and higher – Bull market in play”
MarketsPulse introduces binary options platform that complies with Japanese
MarketsPulse, which provides software for binary options, is set to launch its binary options technology, including an iPad app, for the Japanese markets, on July 17th. Japan recently introduced new regulation. MarketsPulse recently launched Option on Demand – Enabling traders to create their own investment portfolio. Here are more details about the Japanese platform, from the … “MarketsPulse introduces binary options platform that complies with Japanese”
EUR/USD weekly technical outlook
On Wednesday, volatility finally arrived. That was the most volatile day in EUR/USD since May. What happened? The dollar dropped against most of its major peers. Only on Tuesday, it tested the lowest levels since April 10th. But on Wednesday, after Bernanke’s dovish speech, the sentiment turned around and started weakening the dollar. The FED … “EUR/USD weekly technical outlook”
USD rally not looking so solid as QE tapering story
Traders expect and welcome volatile forex markets, but not volatile communications from policy makers, though the latter certainly helps create market action. Ben Bernanke, chairman of the US Federal Reserve is quite visibly cooling expectations this week that monetary policy isn’t going to be tightening any time soon. A cue to sell USD? This is … “USD rally not looking so solid as QE tapering story”
Canadian Dollar Surges as Bernanke Indicates More US Stimulus
Canadian dollar is getting a boost today as Ben Bernanke indicates that more stimulus is coming for the US economy. With the news that Fed tapering will likely be later rather than sooner, the loonie is seeing some sharp improvement against the greenback. Loonie reached its highest level against the greenback in three weeks following remarks from Federal Reserve Chair Ben Bernanke. Bernanke indicated … “Canadian Dollar Surges as Bernanke Indicates More US Stimulus”
US Dollar Plunges on Bernanke Remarks
US dollar is heading lower today, dropping as the latest economy related comments from Federal Reserve Chair Ben Bernanke put recent dollar gains into perspective. Dollar has given back all its recent gains against the euro, and is down against its major counterparts as a result. Recently, with all of the talk of potential tapering of asset purchases, the US dollar has been showing a decent amount … “US Dollar Plunges on Bernanke Remarks”