By Gerald Segal Not exactly the news which many in the retail forex world were looking for, but it looks like July will not provide any respite from the low-trading-volumes environment we’ve seen … Source: Leap Rate
Month: July 2014
Tradable doubles developments teams, appoints Patrick Mortensen as CCO
Tradable, the open trading platform, has announced the appointment of Patrick Mortensen, a veteran of Saxo Bank as CCO. In addition, it reports significant growth with doubling the development teams. For more, here is the official press release: Wednesday 16 July 2014: Tradable has appointed Patrick Mortensen as Chief Commercial Officer (CCO). Patrick has held a series of … “Tradable doubles developments teams, appoints Patrick Mortensen as CCO”
ZEW Sends Euro Below 1.3600 Mark Against Dollar
The euro is losing ground fast, thanks in large part to the latest data out of Germany. Concerns about the German ZEW have the euro down pretty much across the board, particularly against the US dollar. Concerns about the eurozone’s largest economy have many speculating that, perhaps, the ECB will have to take further steps to stimulate the economy of the 18-nation currency region. Germany is the eurozone’s largest economy, and is often … “ZEW Sends Euro Below 1.3600 Mark Against Dollar”
US Dollar Index Gains Mostly Due to Policy Divergence
US dollar index is heading higher today, gaining ground as policy divergence becomes more of an issue, especially with the euro. Since the euro is the currency with the heaviest weight in the dollar index basket of currencies, it’s no surprise that the index is doing well. The US dollar continues to benefit from a combination of expectations that the Federal Reserve will have to raise rates at some point and the fact that policy … “US Dollar Index Gains Mostly Due to Policy Divergence”
FxPro recognized Best FX Provider by Online Personal Wealth
Cyprus based forex broker FxPro was recognized as the best foreign exchange provider by the Online Personal Wealth Awards. Earlier in the year, the broker won the “Best FX Services Provider” award. For more on the recent award, here is the official press release: 16 July 2014, London. FxPro Group Ltd (FxPro) has won Best FX Provider at … “FxPro recognized Best FX Provider by Online Personal Wealth”
GBP/USD: Trading the British CPI Jul 2014
British CPI is the primary gauge of consumer inflation and is one of the most important economic indicators. A reading which is higher than the market forecast is bullish for the pound. Update: UK inflation surprises with 1.9% – GBP/USD recovers above 1.71 Here are all the details, and 5 possible outcomes for GBP/USD. Published on Tuesday … “GBP/USD: Trading the British CPI Jul 2014”
FX CFTC CoT sentiment data; Where will volatility come from next?
By Mike Fox A quick note on the sentiment of traders coming from futures data from the CME reported by the CFTC. Traders are bearish EUR, JPY and CHF, with net positions of ‐$10bn, ‐$8bn and ‐$1bn, respectively and bullish GBP, AUD, MXN, NZD and CAD; with net positions of $4.5bn, $3.4bn, $2.7bn, $1.3bn and … “FX CFTC CoT sentiment data; Where will volatility come from next?”
AUD/USD: Trading the Chinese GDP Jul 2014
Chinese Gross Domestic Product (GDP) is a measurement of the production and growth of the economy, and analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published … “AUD/USD: Trading the Chinese GDP Jul 2014”
Forex Traders Ready to Risk, Feel No Need for Yen
Investors are feeling somewhat more courageous right now as fears, sparked by the problems in Portugal’s banking sector, waned and speculations resumed about a prolonged period of accommodative monetary policy in the United States. As a result, Forex market participants were less interested in buying safe currencies, including the Japanese yen. Federal Reserve Chairperson Janet Yellen will testify this week, and the market counts on another dovish message that will follow … “Forex Traders Ready to Risk, Feel No Need for Yen”
Indian Rupee Falls as Importers Step in to Buy Dollars
The Indian rupee fell today as local importers were buying dollars for their needs, while Indian shares demonstrated lackluster performance, suggesting that investors are not particularly interested in the nation’s assets. Analysts speculate that the current weak performance of the rupee can be explained by Indian companies buying dollars to make purchases overseas. Previously, experts were talking about exporters selling dollars as the reason for the currency’s rally. The S&P … “Indian Rupee Falls as Importers Step in to Buy Dollars”