Good macroeconomic reports from China did not help Asian currencies, most of which remained subdued, but boosted the Australian dollar. The Aussie rose a little after yesterday’s decline also with the help of domestic data. The Australian Producer Price Index advanced 1.3 percent in the third quarter of 2013 from the second quarter. Positive reports from China supported the currency as China is the biggest Australia’s trading partner. Yesterday, … “Aussie Rises on Domestic & Chinese Data”
Month: November 2013
Yuan Little Changed After Manufacturing Reports
The Chinese yuan was little changed today against the US dollar even as both government and private reports showed an expansion of the nation’s manufacturing sector. The China manufacturing Purchasing Managers’ Index rose from 51.1 in September to 51.4 in October, according to the official data. The HSBC PMI rose from 50.2 to 50.9 last month, reaching the highest level in seven months. The yuan was not as strong as one might expect after the positive … “Yuan Little Changed After Manufacturing Reports”
Has the long awaited recovery in the US dollar started?
On Tuesday, I wrote an article saying that the Euro was too high at 1.38 against the US dollar. Many analysts disagreed with some spouting out 1.40 is inevitable. Don’t want to blow my own trumpet but I will, it is currently hovering just above 1.35 and looking like it is going to continue this … “Has the long awaited recovery in the US dollar started?”
Forex Crunch Key Metrics October 2013
October, which started the fourth quarter, did not live up to expectations and the number of page views slipped just below the half million mark, for the first time since April. Nevertheless, page views are still 30% above the number seen in October 2012. Here are all the numbers: Website Page Views: 491,199. Visits: 211,864. … “Forex Crunch Key Metrics October 2013”
cTrader Suite introduces “Extreme Transparency”
Spotware Systems, which develops the STP trading platform cTrader revamped the way it shows trades. The level of transparency has been significantly enhanced. Spotware recently added a new mirror trading platform for cTrader which allows third party integration. For more on the extreme transparency, here is the official press release: cTrader, the STP trading platform from … “cTrader Suite introduces “Extreme Transparency””