The US dollar outperformed recently not only against the currencies, but also against precious metals and commodities. GOLD was seen trading lower recently, and it looks like it might continue heading lower in the short term. It has breached an important support around the $1275 level, which might ignite more downsides. Economically, there is no … “GOLD At Risk of Further Declines”
Month: September 2014
Yen Extends Drop After BoJ Minutes
The Japanese yen fell today after the Bank of Japan released minutes of its August meeting. The yen fell even against such currencies as the euro and the Great Britain pound, against which it was rallying last week. The minutes revealed that policy makers are still aiming at 2 percent inflation but they discussed necessity to watch various indicators to gauge underlying trend: Members expressed the recognition that, even … “Yen Extends Drop After BoJ Minutes”
Aussie Retains Downward Bias
The Australian dollar maintained its downward bias at the Asian session today after economic data showed that the business confidence fell a bit and the number of home loans grew less than was expected by economists. National Australia Bank reported that the business confidence index was at 8 in August. While the reading itself was not bad, the August figure was below the July’s reading of 10. The report noted that “confidence … “Aussie Retains Downward Bias”
NZD/USD Falls due to Monetary Policy Outlook, NZD/JPY Rallies
The New Zealand dollar retreated against its US counterpart today as the greenback retained its strength despite disappointing US employment data. At the same time, the kiwi posted gains versus the Japanese yen. The monetary policy outlook plays a significant role in performance of the New Zealand currency. While it was rallying previously on expectations of interest rate hikes, the kiwi lost support from this factor after the Reserve Bank of New … “NZD/USD Falls due to Monetary Policy Outlook, NZD/JPY Rallies”
Aussie Loses Ground Despite Support from Fundamentals
The Australian dollar slumped against its US counterpart and weakened against the euro even as both domestic and overseas economic news were positive for the currency, which was demonstrating remarkable strength last week. Australia and New Zealand Banking Group reported that the number of job advertisements grew 1.5 percent in August from the previous month and 8 percent over a year, suggesting that the labor market is improving. Trade surplus … “Aussie Loses Ground Despite Support from Fundamentals”
Fundamental Currency Analysis – September 8 2014
USD: The U.S. Dollar Index gapped higher this morning in Asia, ending up +0.2090 or +0.25%. The Greenback recovered after Friday afternoon’s losses in the wake of a lower than expected U.S. Non-Farm Payrolls number, which showed the addition of only 142K jobs in August versus an expected 226K that was down from July’s reading … “Fundamental Currency Analysis – September 8 2014”
Promotional Tools for Partners introduced by IFC Markets
New guides and tools have been presented to partners and clients by IFC Markets. The broker has developed a new page to gather all these materials in one place. For more, here is information from the official press conference: A new page has been designed by IFC Markets, which is initiated for its clients and partners. In this … “Promotional Tools for Partners introduced by IFC Markets”
Live Analysis Room’s Dale Pinkert needs you
Dale Pinkert, the host of FXStreet’s Live analysis Room is suffering from cancer, and he always preaches people to ask for help from others, he is now asking your help. Here is how to do it: Any financial help in paying the medical expenses is welcome. You can do it via Paypal: Business: ForexStopHunters ([email protected]) Secure Merchant … “Live Analysis Room’s Dale Pinkert needs you”
Scottish Independence Weighs on Pound
UK pound is lower today, thanks in large part to the latest poll on Scottish independence. The latest numbers indicate that those favoring a split from the United Kingdom have pulled ahead of those opposed to the split. The idea that the United Kingdom is falling apart is one that is weighing on the pound today. The latest poll regarding Scottish independence is in, and for the first time those in favor of a split have … “Scottish Independence Weighs on Pound”
Japanese Yen Mostly Lower After GDP Data
Japanese yen is mostly lower against its major counterparts today, following the latest GDP data. With the GDP for quarter two growing less than expected, renewed calls for stimulus are dominating the rhetoric. The latest Japanese GDP data, for quarter two of 2014, show that the economy shrunk by 1.8 per cent. The news is proving a blow for Prime Minister Shinzo Abe, who continues to struggle as his ambitious … “Japanese Yen Mostly Lower After GDP Data”