The Canadian dollar pared losses against its US peer after a report showed that Canada’s economic growth in May was faster than expected, though USD/CAD reached the highest level in more than a month earlier. The loonie gained versus the euro and was flat against the Japanese yen. Canada’s gross domestic product grew 0.4 percent in May, exceeding the consensus forecast of 0.3 percent. This was a fifth consecutive … “USD/CAD Retreats After Touching Highest in Month”
Month: July 2014
Euro Continues to Trade Mixed
Euro is trading mixed against its major counterparts again today. The 18-nation currency continues to struggle against the US dollar on policy divergence, but is managing to eke out gains against the pound and the yen today. The latest economic data out of the eurozone isn’t very encouraging. According to Eurostat, consumer prices are slowing in their rise again. The year over year measure is down, and it’s been months … “Euro Continues to Trade Mixed”
Building Approvals Drag Australian Dollar Down
The Australian dollar dropped today, pulled down by building approvals data that was much worse than has been expected. The currency also weakened as the market environment was not favorable to risky currencies after yesterday’s news from the United States. The seasonally adjusted number of total dwellings approved fell 5.0 percent in June after rising 10.3 percent in the previous month. The actual drop was five times bigger … “Building Approvals Drag Australian Dollar Down”
MetaTrader Market passes the half-million mark! $522,000 of products
By Andrew Saks-McLeod Since MetaTrader Market’s inception in 2012, over half a million dollars worth of user-developed products have been sold, ranging from applications to financial magazines and books. Source: Leap Rate
Despite a bad month GBP still has the potential to
GBP has suffered quite a set-back during July with the market rowing back on UK interest rate hike expectations, however it may still make a comeback – after all there are a number of bullish factors supporting the currency. The UK is still the most likely of the large economies to increase interest rates first … “Despite a bad month GBP still has the potential to”
Yen Falls as Data from USA & Europe Suggests Haven Unnecessary
The Japanese yen weakened today, touching the lowest level since April against the US dollar, as economic data from both the United States and the eurozone was mostly good, making the currency unnecessary in its role of a safe haven. Growth of the US economy was at 4 percent in the second quarter of this year, exceeding analysts’ expectations. While US employment data was a bit disappointing, it was still relatively robust. European … “Yen Falls as Data from USA & Europe Suggests Haven Unnecessary”
Tradenext partners with Derby County
Tradenext is now Derby County’s “Preferred Partner”. The collaborations between firms in the financial space and sports teams continues. Derby County plays in the British Championship League. For more, here is the official press release and an image of the two management teams together: Derby County is delighted to announce a new two-year partnership with global … “Tradenext partners with Derby County”
Data from United States Undermines Canadian Dollar
The Canadian dollar dropped against its US counterpart today, reaching a lowest level in more than a month, pressured down by signs of economic growth in the United States. The currency also retreated against the euro but managed to log gains versus the Japanese yen. US economy expanded 4 percent in the second quarter of this year, faster than was expected. It is not necessarily bad for the Canadian currency in a long run … “Data from United States Undermines Canadian Dollar”
US Dollar Continues to Gain on Fed Speculation
US dollar is higher again today, strengthening as economic data points to improvement, and on speculation that the Fed will take steps to tighten monetary policy sooner than expected. As the Fed concludes its two-day policy meeting today, many Forex traders and others are looking for clues that monetary policy will be tightened. Expectations for an improved labor market are high, and the latest consumer confidence readings and consumer spending … “US Dollar Continues to Gain on Fed Speculation”
Euro Slips Below 1.3400 Against the US Dollar
Between German inflation and policy divergence with the United States, the eurozone is struggling — and the 18-nation currency that represents it is losing ground. Indeed, the euro has slipped below 1.3400, falling to a level not seen since last November. Euro is lower today as German inflation once again points to a softening economy. Many expect that Germany will lead the eurozone economy into slower growth, and there … “Euro Slips Below 1.3400 Against the US Dollar”