Even though the dollar index is higher today, the greenback is trading mixed against its major counterparts. Interest in risk has some money flowing out of the dollar, while there are some currencies that are floundering in general. US dollar is gaining against the euro today, which is one of the big reasons that the dollar index is gaining ground today, even though the greenback is … “US Dollar Trades Mixed Against Other Currencies”
Month: March 2014
NZ Dollar Jumps Despite Finance Minister Comments
The New Zealand dollar rose today even though nation’s Finance Minister Bill English voiced concern about the currency’s strength. The kiwi was trading near the highest level since 2007 against the Japanese yen. The Minister was speaking at the 17th Annual Credit Suisse Asian Investment Conference in Hong Kong today and his comments about the exchange rate were not particularly positive for the currency: Itâs a bit too high. … “NZ Dollar Jumps Despite Finance Minister Comments”
Euro Falls on Talk of Negative Interest Rates
Once again, ECB officials are talking about the possibility of negative interest rates to help boost the eurozone economy. As a result, the euro is heading lower against its major counterparts, even hitting a multi-week low against the US dollar. Over the past couple of weeks, the euro has seen some strength as Forex traders consider that the ECB might not ease monetary policy further after all. With economic … “Euro Falls on Talk of Negative Interest Rates”
Australian Dollar Surges on Stevens’ Comments
The Australian dollar surged today after comments of central bank chief Glenn Stevens bolstered optimism for Australia’s economy. The Aussie reached the highest level this year against major currencies, including the US dollar, the euro and the Japanese yen. Stevens was speaking today at the 17th Annual Credit Suisse Asian Investment Conference in Hong Kong. He said: So there is encouraging early evidence that the so-called âhandoverâ from … “Australian Dollar Surges on Stevens’ Comments”
CPattern Launches Account Monitoring & Control System for Binary
CPattern, which specializes in real time trading analytics for forex brokers, has launched the AMC: Account Monitoring and Control system, which allows focusing on traders that need the most attention. Here are more details from the press release: Binary Options brokers can now easily monitor their account’s behavior in real time. CPattern is proud to … “CPattern Launches Account Monitoring & Control System for Binary”
NZD/USD: Trading the New Zealand Trade Mar 2014
New Zealand Trade Balance, published each month, is a key release. A reading which is better than the market forecast is bullish for the New Zealand dollar. Here are all the details, and 5 possible outcomes for NZD/USD. Published on Wednesday at 21:45 GMT. Indicator Background New Zealand Trade Balance is closely linked to currency demand, as foreigners must purchase New Zealand dollars in order … “NZD/USD: Trading the New Zealand Trade Mar 2014”
UK Pound Higher, Even After CPI Disappointment
The UK pound is higher today, gaining ground even after the latest CPI data shows that inflation remains below 2 per cent. The news isn’t phasing the sterling, which is higher against most of its major counterparts. The Office for National Statistics reports that CPI was at 1.7 per cent in February, following a reading of 1.9 per cent in January. The Bank of England and other policymakers aim to keep … “UK Pound Higher, Even After CPI Disappointment”
STIG Trader released – new MT4 based trade managed
A new trade management software program for MT4-based traders has launched. It works as a trading aid for professional and novice traders to manage the manual training process, but also integrates with fully-or semi-automated trading systems, ultimately freeing up the trader’s time to focus on the trading process and spot trading opportunities. For more details, … “STIG Trader released – new MT4 based trade managed”
Dollar Weakens as Policy Makers Talk
The US dollar retreated today as US policy makers were trying to talk down expectations of an interest rate hike that were driving the greenback up last week. The US currency is attempting to regain its footing at the current time, erasing the big part of its losses versus the Great Britain pound and the Japanese yen. St Louis Fed President James Bullard said that Fed Chairperson Janet Yellen’s comment … “Dollar Weakens as Policy Makers Talk”
Swiss Franc Remains Under Pressure, Yet Bears Should Be Cautious
The Swiss franc was under pressure from Switzerland’s central bank for a long time as the bank introduced cap on the currency to prevent excessive appreciation and to maintain competitiveness of country’s exporters. Yet analysts suggest that traders do not necessary need to rush taking short positions on the Swissie. Things looked very negative for the Swiss currency, especially after it had lost its risk premium due to the situation in Eastern Europe. Surprisingly … “Swiss Franc Remains Under Pressure, Yet Bears Should Be Cautious”