OANDA presents a new iPad app for its fxTrade platform, and this version consists of quite a few powerful features. The main thing that stands out is customization: the trader can choose his preferred currency pairs, set their size and browse through a long list of currencies. The option to use the full size of the … “OANDA launches robust, customizable iPad app”
Month: July 2014
How can you compare research analysts? TipRanks has the
By Andrew Saks-McLeod Israel is the second most prominent location worldwide in which innovative start up companies succeed. TipRanks, a service which provides online information on the track records of financial advisers, has received $3 million in funding. Source: Leap Rate
Australian Dollar Jumps After Release of CPI
The Australian dollar demonstrated a huge jump today immediately after inflation data was released in Australia. The report was in line with market expectations, suggesting that the Australian central bank will keep monetary policy stable, refraining from an interest rate cut. The Consumer Price Index rose 0.6 percent in the second quarter of 2014 from the first quarter, on a seasonally adjusted basis. The trimmed mean CPI, which demonstrates the underlying … “Australian Dollar Jumps After Release of CPI”
EUR/USD Keeps Losses due to Policy Outlook Divergence
The US dollar jumped against the euro yesterday and kept its gains today due to the divergence between the monetary policy outlooks for the United States and the eurozone. The greenback was virtually flat versus the Great Britain pound and somewhat lower against the Japanese yen. Many Forex market participants believe that the Federal Reserve should raise interest rates relatively soon, perhaps next year. Yesterday’s economic data did not contradict … “EUR/USD Keeps Losses due to Policy Outlook Divergence”
AUD/USD: Trading the Chinese Flash PMI Jul 2014
Chinese Flash Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in China. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible … “AUD/USD: Trading the Chinese Flash PMI Jul 2014”
Indonesian Rupiah Drops due to Contested Elections Result
The Indonesian rupiah dropped today as the result of this month’s presidential election was contested by one of the candidates, who said that the voting was undemocratic and unfair. Prabowo Subianto, who lost the presidential election to Joko Widodo, contested the result. He said that the voting was nontransparent and violated many rules. The election’s outcome may remain unclear till August if an appeal will be filed to the Constitutional Court, and this should … “Indonesian Rupiah Drops due to Contested Elections Result”
Thai Baht Advances on Hopes for Overseas Inflows
The Thai baht advanced today on speculations that government spending will improve the nation’s economy, attracting investors to the country. The currency rose to the highest level since November. The junta, which seized the power through a military coup, is spending money on improving the nation’s economy, which declined in the first quarter but now may return to growth. The positive economic outlook was attracting overseas inflows, making the baht one of the best-performing currencies … “Thai Baht Advances on Hopes for Overseas Inflows”
Euro Weakness Finally Shows as ECB Gets Serious About Stimulus
Forex traders are seeing that the ECB is really serious about stimulus, and the result is that euro weakness, after threatening for months, finally seems to be appearing on a more long-term basis. Euro is down against its major counterparts today, noticeably dropping through the 1.3500 level against the US dollar. Euro is mostly down today, dropping against its major counterparts due to a combination of risk … “Euro Weakness Finally Shows as ECB Gets Serious About Stimulus”
Canadian Dollar Looks to Hold to Yesterday’s Gains
Canadian dollar is hoping to hold on to some of yesterday’s gains, and with thin trading and concerns about the geopolitical situation, that’s a possibility. Yesterday, the loonie closed higher against most of its major counterparts, thanks in large part to the fact that this week is a thin one for data, and thanks to geopolitical tensions that have many looking for non-European investments right now. Concerns that the situation in Ukraine will lead to greater … “Canadian Dollar Looks to Hold to Yesterday’s Gains”
IG Labs aims to give traders more control of the
IG launches a new feature that enables companies and traders access to the firm’s Web API to enable them to develop their own trading applications that best suit how they like to trade. For more, here is the official press release: LONDON, 22nd July 2014 – IG, the FTSE 250 financial services company, has launched IG … “IG Labs aims to give traders more control of the”