Euro is heading lower today, thanks in large part to the fact that the German ZEW came in below analyst expectations. Even though eurozone home prices were higher, the ZEW’s disappointment is overcoming some of the good news and sending the 18-nation currency lower against some of its major counterparts. The latest ZEW reading came in at 61.7 for the month of January. This represents a disappointing reading, since many had expected it … “ZEW Sends Euro Lower in Forex Trading”
Month: January 2014
The most important forces in the forex markets
One of the surest strategies for success in trading on the the foreign exchange market is to identify trends early. Trends can take place over a short time frame or stretch out and become a long-term phenomenon. That is a simple concept to comprehend but how does a forex trader identify trends? You need to … “The most important forces in the forex markets”
Risk Aversion Does Not Help Yen to Keep Gains
The Japanese yen attempted to rally yesterday as worsening Chinese macroeconomic indicators spurred risk aversion on the Forex market. The currency was not able to hold onto gains, though, and slipped to the opening level by the close of yesterday’s session and dropped today. Data from China was not particularly good, hurting the market sentiment and sending riskier currencies down. The yen was able to profit from this, rising for a short time. Yet the rally … “Risk Aversion Does Not Help Yen to Keep Gains”
NZ Dollar Dips on Chinese Data, Recovers
The New Zealand dollar fell today on poor economic data from China but was able to rebound and is currently trading near the opening level against the Japanese yen and above the opening versus the US dollar. The kiwi fell today as data from China, the major New Zealand’s trading partner, was disappointing. The currency also weakened after a report about an earthquake in the South Pacific country, which was strong but … “NZ Dollar Dips on Chinese Data, Recovers”
GBP/USD short-lived strength?
View from the dealing floor. Tarik Chebib works on IG’s dealing floor in London. Visit: https://www.ig.com/uk for more information. Friday January 17 saw the pound lifted by strong retail figures. Retail sales in December climbed to 2.6% from 0.1% in the previous month beating expectations of 0.4%. Even better were the year-on-year figures in December which improved from 1.8% … “GBP/USD short-lived strength?”
Yuan Falls as Economic Indicators Disappoint
The Chinese yuan fell as several important economic indicators released today were worse than previous reports, fueling concerns about slowing growth of the Asian economy. According to the National Bureau of Statistics of China, growth of China’s gross domestic product slowed from 7.8 in the third quarter of 2013 to 7.7 percent in the fourth quarter. Expansion of industrial production decreased to 9.7 percent in December from 10.0 percent a month ago. Retail sales … “Yuan Falls as Economic Indicators Disappoint”
OANDA earns Best Value for Money award in the 2013
International forex broker OANDA won an award at the U.K. Leveraged Trading Report for 2013. Apart from the “best value for money”, OANDA was also voted as the top broker in the commissions categories and in trade execution speed, as well as in the customer service category. OANDA recently had a change in its top management. … “OANDA earns Best Value for Money award in the 2013”
EUR/USD: Trading the German ZEW Jan 2014
The German ZEW Economic Sentiment Index is based on a monthly survey of institutional investors and analysts and their views of the German economy. A reading that is higher than the market forecast is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 10:00 GMT. … “EUR/USD: Trading the German ZEW Jan 2014”
Will Pound Show Strength Next Week?
The Great Britain pound was falling at the start of this month, but paused the decline this week and was performing not that bad. It still fell against the US dollar, but reduced losses versus the yen, ending the week almost flat, and jumped versus the euro. Does this mean that the currency is ready for a rally to new highs or is it too early to rush buying the sterling? Let us … “Will Pound Show Strength Next Week?”
AUD/USD Reaches Multi-Year Low Over Week
The Australian dollar sank this week, reaching a new multi-year low versus its US counterpart, as a very poor employment report reignited talks about a potential interest rate cut by the Australian central bank. Market participants were expecting decent jobs growth in Australia ahead of the government data. This made the actual report just more disappointing as it demonstrated a huge drop. It is likely that the Reserve Bank … “AUD/USD Reaches Multi-Year Low Over Week”