The Great Britain pound rose today, reaching new highs versus the US dollar, as economic reports from the United Kingdom were mostly good, confirming that recovery of the UK economy is gaining momentum. The Nationwide House Price Index grew 1.2 percent in April, two times the forecast growth by 0.6 percent. The seasonally adjusted manufacturing Markit/CIPS Purchasing Managersâ Index went up from 55.8 in March to 57.3 in April … “Positive Data Helps GBP Reach Multi-Year Record vs. USD”
Month: May 2014
Australian & Chinese Economic Data Negative for Aussie
The Australian dollar declined against the Japanese yen and erased the previous rally versus its US peer as economic data from Australia was not particularly good. The manufacturing report from China added to the bearish momentum. The manufacturing index of Australian Industry Group slipped by 3.1 to 44.8 in April. The Commodity Index fell by about 12.5 percent in April from a year ago. China’s Manufacturing Purchasing Managers’ Index rose a little from … “Australian & Chinese Economic Data Negative for Aussie”
Forex Crunch Key Metrics April 2014
Website traffic in the month of April 2014 was almost identical to that seen in April 2013. After seeing a y/y drop in March and after having low volatility during the month of April, this result is encouraging. Hopefully the month of May, which is usually packed with action, will be accompanied with a y/y … “Forex Crunch Key Metrics April 2014”
April’s Monthly S&P Candle is an Outside Candle
May 1st. Interesting day yesterday. I ended up closing both my USDJPY (66 pip profit) and my AUDNZD (166 pip profit). Although neither hit my raised stop loss I felt compelled as they came close enough and I wanted to book some profits ahead of NFP’s later this week. Yesterday’s BIG Fed day confounded us … “April’s Monthly S&P Candle is an Outside Candle”