FXTM announced that NguyenTaiTuan is the winner of the first prize in the forex contest. The top 10 positions were claimed by traders from various countries. FXTM recently introduced an Over-the-Weekend Forex Account For more, here is the official press release: International forex broker Forex Time (FXTM) has just announced the winners of the Forex Trading Cup demo … “FXTM Announces Forex Trading Cup Contest Winners”
Month: August 2014
GBP/USD: Trading the British CPI Aug 2014
British CPI is the primary gauge of consumer inflation in the UK . A reading which is higher than the market forecast is bullish for the pound. Update: UK CPI falls to 1.6% – GBP/USD extends falls Here are all the details, and 5 possible outcomes for GBP/USD. Published on Tuesday at 8:30 GMT. Indicator Background Analysts consider CPI one … “GBP/USD: Trading the British CPI Aug 2014”
Carney’s Comments Help Pound Gain Ground
The Great Britain pound rose today after Bank of England Governor Mark Carney said over the weekend that the central bank may start raising interest rates before actual wage growth kicks in. Wages came to market participants’ attention after the BoE inflation report predicted that this year’s earnings growth will be half of the previous estimates. Yet Carney was less dovish in his interview … “Carney’s Comments Help Pound Gain Ground”
Euro bloc recovery still fragile
The geopolitical risks still remain (Russia and Ukraine conflict) which is affecting the Euro negatively. In addition, the Euro bloc recovery is still fragile, with three of the largest economies (Italy, France, Germany) in the Euro bloc recording preliminary growths in the range of -0.2% to 0%. In addition, the Euro bloc achieved a final … “Euro bloc recovery still fragile”
Loonie Gets Boost from Positive Data
The Canadian dollar is getting a boost today, heading a little higher against some of its major counterparts, thanks to positive data recently released. Even though oil is lower today, the loonie is gaining some ground. Loonie is higher today against the US dollar and the euro, and also higher against the UK pound. Over the weekend, the Canadian dollar got a boost from the latest economic data. Indeed, Canada’s … “Loonie Gets Boost from Positive Data”
EUR/AUD On Verge Of A Major Breakdown
The Euro is trading lower against many major currencies, including the Australian dollar. The German and French GDP data were published on Thursday. Both the events were not in the favour of the Euro. The French GDP was expected to rise by 0.1%, but came in at 0%. Similarly, the German GDP was expected to … “EUR/AUD On Verge Of A Major Breakdown”
This week in the markets: Cable dips for the first
It was a very quiet start to the week, with the first notable release being Tuesday morning’s German ZEW Economic Sentiment release. The survey printed an abysmal 8.6, far less than the 18.2 expected, and large fall from the previous month’s 27.1. The influential survey has fallen for seven consecutive months and is now at its lowest … “This week in the markets: Cable dips for the first”
EUR/USD to lose 1.30 by year end?
So both German and Italian GDP growth contracted 0.2% in Q2. Investment and construction are weak but the conventional wisdom is that there should be a pick-up in the second half of 2014. Hopefully that is true but certainly Russia and the sanctions regime could well be a contributor here. All of this means that … “EUR/USD to lose 1.30 by year end?”
Japanese Yen Lower Today
Japanese yen is lower today, falling against most major currencies. Data from the United States and Europe isn’t dire enough to support the yen, and there are plenty of reasons for continued yen weakness at this point. Earlier, Fitch Ratings issued a report that indicated that it thinks that the yen is so far “weathering” the sales tax increase that has been an issue for the country’s economy. Since … “Japanese Yen Lower Today”
Euro Gains Ground Even After GDP Data
Even with the latest economic data out of the eurozone, the 18-nation currency is gaining ground today. Evidence that the eurozone economy has stalled, prompting concerns about a return to recession, hasn’t been enough to dampen the euro today. Euro is heading higher against its major counterparts today, even after the latest data from the eurozone. Eurozone GDP has stalled, following a few months of weak growth. Even … “Euro Gains Ground Even After GDP Data”