The Australian dollar is trading a touch higher against the New Zealand dollar. This has more to do with the New Zealand dollar weakness compared to the Australian dollar strength, as the AUDUSD has also declined recently. It looks like that the RBNZ intervention card played out well, as the New Zealand dollar has moved … “AUDNZD Looks Set To Clear 1.1015 High”
Month: July 2014
Trading Central signals now available on tradable’s new app
tradable, the Danish start-up that develops apps, has launched a new app with Trading Central. This will allow tradable customers to tap into Trading Central’s signals. For more details, here is the official press release: TRADING CENTRAL, a leading investment research provider to financial market professionals, has teamed up with Tradable to launch a new … “Trading Central signals now available on tradable’s new app”
Beware of No Dealing Desk (NDD) Forex brokers
You would have to be pretty ignorant not to notice that majority of retail Forex brokers are currently using a sales/promotion tactic which defines them as a ‘no dealing desk’ broker. Even without any knowledge about Forex brokers most people think this is a good thing without really knowing why. Before we get into this, … “Beware of No Dealing Desk (NDD) Forex brokers”
Australian Dollar Ends Week Among Best Performing Currencies
The Australian dollar was among the best performers on the Forex market this week despite the risk-negative sentiment. Both domestic and overseas news contributed to the currency’s strength. Domestically, the Aussie received boost from the Australian inflation data. As for news outside of Australia, the positive manufacturing report from China, the biggest trading partner of the South Pacific nation, contributed to the strength of the Australian currency. The negative traders’ mood was still weighing on the currency, limiting gains … “Australian Dollar Ends Week Among Best Performing Currencies”
Risk-Off Sentiment Brings Real Down
The Brazilian real fell today as the Forex market sentiment was negative for riskier currencies of emerging markets. Market participants prefer safer currencies to higher-yielding ones due to geopolitical risks. The conflict between Israel and Hamas in Gaza and the crash of Malaysian jet over Ukraine continue to spoil investors’ mood even though there were no more new significant developments in the regions lately. While some currencies were able to weather the risk-negative … “Risk-Off Sentiment Brings Real Down”
Mexican Peso Gains on Interest Rate Outlook
The Mexican peso rose today on speculations that the nation’s central bank will not cut interest rates further as the economy is expected to growth with an increasing pace in the future. The Banco de Mexico left its key interest rate at 3 percent at the meeting on July 11 after cutting it by half of a percentage point in June. The minutes revealed that the decision to keep the rate unchanged was unanimous, suggesting that the cut … “Mexican Peso Gains on Interest Rate Outlook”
Bubbling inflation risks could create new dilemmas for central
Inflation risks in the world economy could be ratcheting up, despite the winding down of the US Federal Reserve’s quantitative easing programme posing a new dilemma for central banks, which could have a considerable impact on forex markets. A resurgence of inflation would hit GBP and USD, but would likely be positive for emerging market … “Bubbling inflation risks could create new dilemmas for central”
FXBeat – an “always on” site for your forex trading
FXBeat is a service for forex traders that want short, quick updates about news moving the markets as well as hard-to-find order data and quick, witty and swift analysis, all while keeping a smile on traders’ faces. The FXStreet backed service has recently gone premium, and here good reasons for why it’s worth it beyond the 30 … “FXBeat – an “always on” site for your forex trading”
Danske Bank looks at layoffs if FX trading volumes
By Andrew Saks-McLeod With interbank FX volumes at a prolonged low point, Danske Bank weighs up the possibility of making redundancies within its trading desks. Source: Leap Rate
Euro Rallies on Back of Positive Economic Data
The euro rallied yesterday as the vast majority of macroeconomic reports from the eurozone were positive, and the currency was able to keep gains today. While good US fundamental data did not allow the shared 18-nation currency to gain on the dollar at the previous trading session, the euro managed to rise a little versus the greenback today. A range of manufacturing and services indicators for the eurozone was released by Markit Economics yesterday. The data suggested that the European economy … “Euro Rallies on Back of Positive Economic Data”