EURJPY- With EURJPY turning lower on a sell-off during Tuesday trading session, the risk is for more weakness to occur. Support comes in at the 137.50 level where a break will aim at the 137.00 level. A break will target the 136.61 level with a breach turning focus to the 136.00 level. Below here will … “EURJPY: Weakens, Maintains Downside Bias”
Month: September 2014
Loonie Continues to Weaken Against the Greenback
The Canadian dollar continues to weaken against the greenback, thanks in large part to the recent difficulties with oil prices, and with commodity prices in general. The loonie is still maintaining its gains over the European currencies, though, mainly because of the relative strength of its economy. Loonie is once again lower against the US dollar as policy divergence and lower commodities favor the greenback. Even though there is speculation that the Bank … “Loonie Continues to Weaken Against the Greenback”
UK Pound Sees Some Help From Economy
UK pound is seeing a little help today in Forex trading. While there is still a trend toward overall uncertainty that is keeping the pound down against currencies like the dollar and the yen, sterling is gaining ground against the euro again. The latest economic news out of the United Kingdom show that the recovery continues to pick up steam. The Office for Nation Statistics reports that GDP grew by 0.9 … “UK Pound Sees Some Help From Economy”
US Dollar Strengthens on Uncertainty and Unrest
Greenback is heading higher again, thanks in large part to the uncertainty and unrest that continues to plague the world. Also helping the US dollar is the latest economic news, which is fueling speculation that interest rate hikes could come sooner rather than later. Dollar index is higher today, and the greenback is gaining against its major counterparts, thanks in large part to uncertainty and unrest in many areas … “US Dollar Strengthens on Uncertainty and Unrest”
Euro Expected to Remain Lower
Euro is mostly lower today against its major counterparts, and is expected to remain weak for some time. The latest inflation figures are about to be released, and policymakers have already indicated their willingness to do what it takes to weaken the euro in the name of economic stimulus. Euro is mostly lower today against its major counterparts, falling as more indications of a slower economy are expected to show today. … “Euro Expected to Remain Lower”
USD/CAD: Trading the Canadian GDP Sep 2014
Canadian GDP is a measurement of the production and growth of the economy and is considered one of the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar. Update: Canadian GDP flat in July – USD/CAD rises Here are all the details, and 5 … “USD/CAD: Trading the Canadian GDP Sep 2014”
Yen Drops After Inflation Data
Japanese yen is lower against its major counterparts following the release of the latest inflation data. The Japanese economy continues to struggle, and that means that policymakers are likely to continue to pursue a course that includes keeping the yen weak. Prior to the release of Japanese inflation figures, the yen had been making some headway against its major counterparts. Yen had gained a little bit, but the release of the inflation figures … “Yen Drops After Inflation Data”
Loonie Tries to Make Up Lost Ground
Canadian dollar tumbled yesterday, falling all the way below the 90 cent level against the US dollar, due to expectations for the global economy and to policy divergence with the greenback. Today, the loonie is trying to eke out gains against its major counterparts. Loonie is expected to see some degree of weakness against the US dollar and other major counterparts in coming weeks. Thanks to the fact that global stock markets are … “Loonie Tries to Make Up Lost Ground”
Makers of MetaTrader expand to the UAE
MetaQuotes Software continues to expand and has opened offices in Dubai, in the United Arab Emirates. The company has plans to expand also to South Africa. The company recently made it easier to sell signals. For more on the new office in Dubai, here is the press ` We are pleased to announce about the geographic expansion … “Makers of MetaTrader expand to the UAE”
ClearVision by CFH Clearing selected by ALB Menkul Degerler
Turkish forex broker ALB Menkul Degerler, one of the country’s biggest, has selected CFH Clearing’s ClearVision, specifically noting the risk management tools. Here are the details from the press release: 25 September 2014 –- ALB Menkul Degerler, one of the biggest and most respected Turkish brokers, has selected ClearVision by CFH Clearing to support its next growth … “ClearVision by CFH Clearing selected by ALB Menkul Degerler”