The Australian dollar rallied against its US peer and erased losses versus the Japanese yen today with help of rather positive domestic business confidence and good economic data from China. The business confidence index of National Australia Bank remained unchanged in May. The report commented on this: That result was surprising, with firmâs still discounting persistently soft levels of business conditions and the negative sentiment surrounding the Federal budget … “Aussie Moves Higher with Help from Domestic & China’s Data”
Month: June 2014
Yuan Gains as Fears About Slowdown Abate
The Chinese yuan gained today as faster-than-expected inflation eased fears about economic slowdown in the Asian country. Today’s positive data followed the report about trade balance that was released over the weekend and was also better than forecasts. The government data showed that China’s Consumer Price Index rose 2.5 percent in May, year-on-year. The value was bigger than the predicted growth by 2.4 percent and the previous month’s reading … “Yuan Gains as Fears About Slowdown Abate”
Housing Stats Help Loonie Against European Currencies
Better housing stats are helping the Canadian dollar against its European counterparts. However, the US dollar is still on something of a tear, and the loonie remains down against its neighbor to the south. The latest data for housing starts in Canada is helping the loonie gain ground against some of its counterparts today. Housing starts increased by 0.8 per cent in May, beating market expectations. With Canadian homebuilding rebounding, there … “Housing Stats Help Loonie Against European Currencies”
Drew Izzo named Chief Marketing Officer of OANDA
Following the appointment of appointment of , the global forex firm continues filling its ranks. The company appoints the former CEO of Athlete.com Drew Izzo as the CMO. For more, here is the official press release: LONDON – June 10, 2014 – OANDA, a global provider of innovative forex trading services, is pleased to announce the appointment … “Drew Izzo named Chief Marketing Officer of OANDA”
GBP/USD: Trading the British Jobs Jun 2014
The UK Claimant Count Change measures the change in the number of people claiming unemployment benefits. It is one of the most important indicators and should be treated by traders as a market-mover. Here are the details and 5 possible outcomes for GBP/USD. Published on Wednesday at 8:30 GMT. Indicator Background Job creation is one … “GBP/USD: Trading the British Jobs Jun 2014”
Social Media Competition launched by FXTM
Cyprus based forex broker FXTM launched a social media competition to celebrate its growth. FXTM recently announced a Forex Demo Contest. All the details about the social media competition are here: International forex broker Forex Time (FXTM) has launched a fun and original competition on social media to celebrate the company’s rapid expansion to new markets by showcasing the … “Social Media Competition launched by FXTM”
Orbex Web TV – a new online channel about the
Cyprus based forex broker Orbex and Trading Central launch a new television channel that focuses on financial markets called Orbex Web TV. For more details, here is the press release: LONDON—Making it easier to get the latest news on global stocks, forex, commodities and more from the New York Stock Exchange (NYSE), Orbex recently launched Orbex … “Orbex Web TV – a new online channel about the”
FX Gym – New education center by MahiFX
New Zealand based Forex broker MahiFX launches a new education center for traders: FX Gym. The new resource caters to traders at all levels. MahiFX recently launched an entertaining Facebook app. For more about FX Gym, here is the press release: London and Christchurch, 07 June 2014 – MahiFX, the award-winning foreign exchange trading platform, … “FX Gym – New education center by MahiFX”
EURUSD: Corrective Recovery Higher Expected
EURUSD: With EUR remaining biased to the upside following a reversal of almost all of its gains to close marginally higher last week, the risk is for gains to occur in the new week. If this continues, expect further upside towards the 1.3700 level where a break will aim at the 1.3774 level. A break … “EURUSD: Corrective Recovery Higher Expected”
Euro Heads Lower on Policy, Business Confidence
Euro is down nearly across the board today, dropping as policy measures indicate weakness ahead, and as business confidence in the 18-nation currency region falters. With policy divergence from the United States and other major economies, and concerns about the future, it is little surprise that the euro is struggling today. Last Thursday, the European Central Bank‘s policymakers revealed their plan for keeping the eurozone from slipping back into … “Euro Heads Lower on Policy, Business Confidence”