Ask any trader on what their preferred positions would be in regards to the AUD and the NZD against the Greenback and the answer would be to be on the long side. Considering that both these commodity currencies come with a higher interest rate of 2.5% and 3.5% respectively, even for the average retail trader, … “Are the AUD and NZD currencies on path for more”
Month: September 2014
The growing strength of the Indian economy and the
While the euro, dollar and yen crosses are highly liquid and popularly traded, there are certain currency crosses which are somewhat more “obscure” in the sense that they involve lesser-traded currencies. These obscure currency pairs may or may not contain any major currency, but they have less liquidity and more volatile behaviour as a result … “The growing strength of the Indian economy and the”
OANDA officially joins Australian CFD forum calling to protect
Global forex broker OANDA officially joined the Australian CFD forum that calls for regulatory standards to protect investors and retail traders. OANDA opened its offices in Australia earlier this year. For more on joining the forum, here is the official press release: SYDNEY – September 25, 2014 – OANDA, a global provider of innovative foreign exchange (forex) and … “OANDA officially joins Australian CFD forum calling to protect”
Greenback Gains on Increased Policy Divergence
US dollar index is higher today, thanks in large part to the policy divergence that the greenback has with its counterparts. US dollar is gaining ground against other majors as expectations for higher rates provide support. Even though the US economy has been recovering in fits and starts, overall progress has been shown, and it appears to be picking up the pace. This is in contrast to other economic … “Greenback Gains on Increased Policy Divergence”
GBPUSD likely to be driven by interest rate expectations
For a currency that enjoyed one of the strongest rallies earlier this year, the GBPUSD has been consistently declining over the past few months and even more so during the run up to the Scottish vote. Most traders would have seen these declines as an opportunity to buy the Cable but short term technical analysis … “GBPUSD likely to be driven by interest rate expectations”
Best Forex Promotional Offer 2014 goes to MahiFX
At the UK Forex Awards, New Zealand based forex broker MahiFX won a prize for the best promotional offer. This is related to the successful infographic “You vs John Paulson”. MahiFX recently launched the FX Gym education center. For more on the prize, here is the official press release: LONDON and CHRISTCHURCH, 24 September 2014 – … “Best Forex Promotional Offer 2014 goes to MahiFX”
Market Movers Episode #17: Contango vs. Backwardation, Scottish reverberations
Do the terms Contango and Backwardation sound Greek to you? Well, they do have an impact on oil prices and we’re here to explain. We then wrap up the Scottish referendum with its future implications and prepare for the important US events this week and next. Welcome to a new episode of Market Movers, presented by … “Market Movers Episode #17: Contango vs. Backwardation, Scottish reverberations”
Euro Continues to Struggle Against Counterparts
Even though the euro has made up some lost ground recently, the 18-nation currency continues to struggle against some of its counterparts. Even with the euro catching up to the greenback, the US dollar is still expected to maintain the upper hand. Euro is slightly lower against its major counterparts today, but it has still made up some of its lost ground from before. German PMI … “Euro Continues to Struggle Against Counterparts”
UK Pound Continues in Strength
UK pound continues to gain ground today against the euro and the dollar, thanks in large part to expectations for the future, and the fact that policy divergence with the eurozone remains expected. The Scottish independent vote gave sterling a boost that is carrying over to today. The news that Scotland will not be leaving the United Kingdom gave the UK pound a boost at the end of last week, and some of that still lingers this week. … “UK Pound Continues in Strength”
Gold and Silver set for pullbacks?
Gold & Silver futures continue to move along their gradual declines supported by an improved economic outlook in the US and a bullish Dollar Index. Both the metals however seem to be looking for potential pullbacks to the declines with an eye for testing the previously breached support levels. Key risks to the metals come … “Gold and Silver set for pullbacks?”