US Non-Farm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for GBP/USD. Published on Thursday at 12:30 GMT. Indicator Background … “GBP/USD: Trading the US Non-Farm Payrolls”
Month: July 2014
Spotware updates cTrader FX platform and cAlgo trading bots
By Gerald Segal FX platform provider Spotware has announced a number of updates and upgrades to its cTrader and cAlgo platforms. cTrader is Spotware’s full STP trading platform, employed by brokers such as … Source: Leap Rate
Aussie Extends Losses on Retail Sales & Stevens’ Comments
The Australian dollar dropped today, extending its decline for the second session, as economic data and comments of central bank’s chief made Forex traders concerned about the currency’s ability to sustain its recent gains. Reserve Bank of Australia Governor Glenn Stevens was speaking today at the Econometric Society Australasian Meeting and the Australian Conference of Economists. He said regarding the exchange rate: But lest there be any uncertainty about this, … “Aussie Extends Losses on Retail Sales & Stevens’ Comments”
Brazil World Cup 2014: Papering over the cracks in the
All eyes are currently on the festival of football that is the 2014 World Cup in Brazil, but behind the joyous façade there are major concerns about the economic impact of the tournament, and the overall health of the Brazilian economy. Can the nation really afford to spend an estimated $14 billion on the world … “Brazil World Cup 2014: Papering over the cracks in the”
US Dollar Higher After ADP Jobs Report
The latest jobs report from the private sector indicates that the economy ramped up in terms of hiring during the month of June. This news is providing a boost to the economy, as well as providing a basis for speculation that the Federal Reserve will have to accelerate its tightening schedule soon. This expectation is providing a boost to the US dollar. Greenback is higher today, thanks in large part to the latest jobs data. Automatic Data … “US Dollar Higher After ADP Jobs Report”
GBP/USD Reaches Highest Since 2008 on Construction PMI
The Great Britain pound advanced today with help of an unexpectedly positive construction report. The sterling retreated to the opening level against the US dollar as of now but only after reaching the highest level since October 2008 against the US currency. The Markit/CIPS UK Construction Purchasing Managersâ Index climbed from 60.0 in May to 62.6 in June instead of falling to 59.7 as was predicted by analysts. Employment growth in the construction sector reached the highest … “GBP/USD Reaches Highest Since 2008 on Construction PMI”
Australian Dollar Slips as Trade Deficit Widens Unexpectedly
The Australian dollar weakened today as the nation’s trade balance deficit widened unexpectedly in May, damping optimism for the currency but not erasing it completely. Australia’s trade gap surged from A$780 million in April to A$1,911 million in May. It was a nasty surprise for Aussie’s bulls who have counted on a decrease to A$160 million. The Australian currency fell as a result but did not erase yesterday’s massive gains. AUD/USD fell … “Australian Dollar Slips as Trade Deficit Widens Unexpectedly”
EUR/USD: Trading the ADP NFP July 2 2014
The ADP Non-Farm Employment Change measures the change in the number of employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Published on Wednesday at 14:00 GMT. Indicator Background … “EUR/USD: Trading the ADP NFP July 2 2014”
Ruble Weakens as Cease-Fire Agreement in Ukraine Ends
The Russian ruble fell today as a cease-fire agreement between the Ukrainian government and pro-Russian separatists ended, and this may lead to additional sanctions from the United States and the European Union against Russia. Ukrainian President Petro Poroshenko announced yesterday that the cease-fire agreement with separatists ended. Both sides blame each other for violations of the deal, but what is important is that the conflict resumed. The USA blame Russia for igniting … “Ruble Weakens as Cease-Fire Agreement in Ukraine Ends”
Tankan Survey Sends Yen Lower
The Japanese yen tumbled today, reaching the lowest level since January against the Great Britain pound, as the Tankan survey showed a worsening sentiment in both manufacturing and non-manufacturing sectors. The Tankan Large Manufacturers Index dropped from 17 in the first quarter of this year to 12 in the second quarter, while analysts expected it to stay almost unchanged at 16. The Tankan Large Non-Manufacturing Index slid from 24 to 19. The yen fell due … “Tankan Survey Sends Yen Lower”