The US dollar is range trading for the last couple days especially against the Swiss franc. However, the USDCHF pair is forming a breakout pattern, which we need to monitor carefully in the short to medium term. The US retail sales data was published yesterday, which missed the expectation and registered a decline. There are … “USDCHF September 24 2014 Poised For Break Of Recent”
Month: September 2014
Aussie Attempts to Overcome Bearish Bias
The Australian dollar gained today, joining other currencies that reversed their previous losses and rallied. Domestic fundamental data also helped Australia’s currency to overcome its bearish momentum, at least for now. The Conference Board Leading Index for Australia rose 0.5 percent in July after increasing 0.2 percent in the previous month. Yet the report was not entirely positive, saying: The strengths among the leading indicators have become less … “Aussie Attempts to Overcome Bearish Bias”
NZD Edges Higher as New Zealand Trade Balance Improves
The New Zealand dollar headed higher today with help of the positive trade balance data as well as due to speculations that the currency has fallen too far too fast. The New Zealand trade balance demonstrated a deficit of NZ$472 million in August, down from NZ$724 million in the previous month. Analysts expected an increase to $1.13 billion. Currently, there is a general trend on the Forex market for the currencies to reverse their movement as the US … “NZD Edges Higher as New Zealand Trade Balance Improves”
Ruble Advances, Endangering Russian Economy
The Russian ruble advanced today with the help of both the general risk-positive market sentiment and the cease-fire between Ukraine and pro-Russian separatists. The rally is not necessary positive for Russia’s economy that struggles to avoid recession. Good news from China bolstered currencies of emerging markets, including the ruble. The currency lost a huge part of its value after the United States and the European Union implemented sanctions against Russia for its supposed involvement … “Ruble Advances, Endangering Russian Economy”
Financial Trading Analysis course launched by FXStreet and the
Leading forex portal FXStreet and the University of Essex have collaborated in an online program that is aimed to teach students about investments. All the details are here in the press release: Barcelona, September 23, 2014 – FXStreet has partnered with the University of Essex Online to create an online programme, aimed at providing students with an … “Financial Trading Analysis course launched by FXStreet and the”
South Korean Won Advances with Help from Chinese Data
The South Korean won rose together with other Asian currencies today with help of positive macroeconomic data from China, which made investors look more favorably on the currencies of emerging markets that are often associated with risk. The Chinese manufacturing index rose instead of falling as was predicted by specialists. The report eased concerns about potential economic slowdown in China. China, being the world’s second biggest economy, … “South Korean Won Advances with Help from Chinese Data”
US Dollar Pauses for Breather
US dollar is lower today, losing ground against many of its major counterparts. The greenback is pausing for a breather right now, heading lower as Forex traders take profits and consider what could be next. Greenback has seen a lot of strength recently, thanks in large part to policy divergence. The Federal Reserve is talking about possibly raising interest rates soon, and other major currencies — especially the euro … “US Dollar Pauses for Breather”
Euro Economic Data Could Prompt More ECB Action
Even though the euro is holding some of its recent gains today, there are expectations that could change if the ECB has to take more action to try to stimulate the eurozone economy. The latest economic data isn’t all that encouraging, and the ECB might be under pressure to do more. The latest economic data out of the ECB is somewhat disappointing. Business activity in the eurozone expanded at a slower rate than … “Euro Economic Data Could Prompt More ECB Action”
Yen Rises, Undeterred by Risk Appetite
The Japanese yen rallied today, rising for the second trading session against the US dollar, even though economic data from China resulted in risk appetite among Forex market participants that should have weakened the currency. The positive economic report from China made traders more willing to risk and boosted riskier currencies. Yet the Japanese currency gained too. It looks a bit strange, considering that the yen is … “Yen Rises, Undeterred by Risk Appetite”
China’s Data Pleasantly Surprises, Aussie Edges Higher
The Australian dollar ticked up, rising against all its most-traded peers, as economic data released today from China was better than traders have anticipated, improving prospects for Australia’s exports. The HSBC Flash China Manufacturing Purchasing Managersâ Index rose from 50.2 in August to 50.5 in September, indicating expansion of the sector. Analysts were concerned ahead of the release that the gauge would fall to 50.0 — the level than indicates … “China’s Data Pleasantly Surprises, Aussie Edges Higher”