The long-awaited Non-Farm Payrolls for September disappointed with a gain of only 148K jobs. While the report isn’t a total disaster (drop in the unemployment rate without a drop in the participation rate), it doesn’t paint a picture of a sustainable recovery, which seems quite elusive. And, if we see a mediocre picture of the … “Why QE Tapering isn’t likely until April 2014 – the”
Month: October 2013
Won Erases Loss as Investors Buy South Korean Stocks
The South Korean won rose today, paring its previous decline, as investors continue to buy the nation’s assets, pumping capital into the South Korean economy. Speculators continued to buy more South Korean stocks more than they were selling. It looks like risk appetite surged after the debt crisis in the United States was resolved and the Federal Reserve postponed quantitative easing trimming. There are concerns that … “Won Erases Loss as Investors Buy South Korean Stocks”
Lira Steady as Turkish Bonds Attract Carry Traders
The Turkish lira held steady today, rebounding from the intraday drop, as nation’s bonds were offering big return, attracting carry traders and making the currency more appealing. Turkish debt was offering one of the highest yields among emerging markets, spurring traders to borrow in countries with low interest rates (like the United States) and invest into Turkey’s assets. Prospects for low borrowing costs in the USA in the near futures suggest … “Lira Steady as Turkish Bonds Attract Carry Traders”
Chinese Yuan trading now offered by Core Liquidity Markets
Binary options and forex provider Core Liquidity Markets now enables trading on the Chinese Yuan or Renminbi. The company recently launched its IB program. For more details, here is the official press release: Core liquidity markets an established name when it comes to providing Forex and binary options trading now offers trading on the Chinese … “Chinese Yuan trading now offered by Core Liquidity Markets”
EUR/USD: Trading the US NFP Oct 2013
US Non-Farm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Published on Tuesday at 12:30 GMT. Indicator Background Job … “EUR/USD: Trading the US NFP Oct 2013”
PFSOFT unveils ProTrader 3 with better speed, usability
PFSOFT, a provider of software solutions for traders, has released version No. 3 of its ProTrader software. A lot of effort has been made to improve performance and cut latency times. In addition, the software is now easier to use. For reference, here is an overview of ProTrader 2. For more details on PFSOFT 3, … “PFSOFT unveils ProTrader 3 with better speed, usability”
Claim 4 Brokers launches – facilitates marketing solutions for
Claim Studio designs and develops all web sites, landing pages, banners, etc to XFS and its ‘start up brokers’. The company now launches a new service dedicated to existing forex and binary brokers, which helps them facilitate all the communications: web site designs, banners, SEO, back office integration and more. For all the details, here is … “Claim 4 Brokers launches – facilitates marketing solutions for”
Aussie Near Record Since June
Today, the Australian dollar traded near the highest level since June as Forex market participants speculated that the central banks of Australia and the United States will not make changes to their monetary policies in the near future. Economists think that chances for an interest rate cut from the Reserve Bank of Australia are not that big. At the same time, it is hard to believe that the Federal Reserve will dare to raise … “Aussie Near Record Since June”
Dollar Firm Ahead of NFP, Trims Gains vs. Euro on Housing
The US dollar was relatively strong today ahead of tomorrow’s non-farm payrolls. The currency trimmed its gains versus the euro after the release of housing data that was worse than market participants have hoped for. US existing home sales dropped to the seasonally adjusted annual rate of 5.29 million in September from the downwardly revised 5.39 million in August, more than was expected. The decline was explained by prices … “Dollar Firm Ahead of NFP, Trims Gains vs. Euro on Housing”
AUD/USD: Trading the Australian CPI Oct 2013
The Australian CPI (Consumer Price Index), which is released each quarter, is an inflation index which measures the change in the price of goods and services charged to consumers. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. … “AUD/USD: Trading the Australian CPI Oct 2013”