News keep coming out of Spotware Systems, the software company behind cTrader. The company begins cooperating with GAIN Capital (Forex.com) to offer CFDs on the platform. For more, here is the press release: Spotware Systems has announced that they have introduced their first CFD liquidity provider, GAIN Capital, a leading provider of B2B liquidity and trading solutions, … “GAIN Capital to Offer CFDs on cTrader”
Month: October 2014
Japanese Yen Higher After BoJ Meeting
The Japanese yen edged higher after the Bank of Japan concluded its two-day policy meeting today. As was expected, the central bank did not add stimulating measures to its already extremely accommodative monetary policy. The BoJ left its interest rates near zero and the pace of annual expansion of the monetary base at ¥60–70 trillion. The central bank said in the statement about Japan’s economy: Japan’s economy has continued to recover moderately … “Japanese Yen Higher After BoJ Meeting”
Aussie Rallies After RBA, Gains Limited
The Australian dollar rallied after the Reserve Bank of Australia refrained from changing its monetary policy during today’s meeting. The gains were not big as the central bank continued to complain about the strength of the currency. The RBA left its main interest rate at 2.5 percent today. The bank maintained the outlook for a period of stability for monetary policy, saying in the statement: In the Board’s judgement, monetary policy is appropriately configured to foster sustainable growth … “Aussie Rallies After RBA, Gains Limited”
Manufacturing Data Boosts Pound Against Euro
UK pound is heading higher against the euro today, even though it is down against its low-beta counterparts, the dollar and then yen. Economic divergence is one of the reasons that the pound is doing so well against the euro today. The latest data to come out of the United Kingdom is manufacturing production. This measure rose by 0.1 per cent from July to August, according to the Office for National … “Manufacturing Data Boosts Pound Against Euro”
5 Most Predictable Currency Pairs- Q4 2014
Each currency pair has its own trading characteristics, with some enjoying a better technical behavior than others. A more predictable currency pair either slows down ahead of a clear support or resistance line, or conversely makes a convincing break leaving dust behind it. A less predictable pair has less respect for such lines and suffers from more … “5 Most Predictable Currency Pairs- Q4 2014”
GBP/USD: Trading the British Manufacturing Oct 2014
British Manufacturing Production, a key indicator, provides analysts and traders with a snapshot of the health of the UK manufacturing sector. A reading which is higher than the market forecast is bullish for the pound. Update: UK manufacturing production slightly disappoints in August Here are all the details, and 5 possible outcomes for GBP/USD. Published on … “GBP/USD: Trading the British Manufacturing Oct 2014”
‘Fair Stop Out’ Feature launched on cTrader
Financial technology provider Spotware Systems launches a new feature on its cTrader platform: “Fair Stop Out”. The company recently updated the cTrader FX platform and cAlgo trading bots. Here is how the new feature works, from the press release: The cTrader FX and CFDs platform suite has received a major update to its stop-out policy, with developer … “‘Fair Stop Out’ Feature launched on cTrader”
AUD/USD: Trading the Australian jobs Oct 2014
Australian Employment Change, which is released monthly, provides a snapshot of the health of the Australian labor market. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are the details and 5 possible outcomes for AUD/USD. Published on Thursday at 00:30 GMT. Indicator Background Job creation is one … “AUD/USD: Trading the Australian jobs Oct 2014”
Euro Runs to Upside, Ignoring Negative Fundamentals
The euro climbed today even though the European macroeconomic indicators were rather unfavorable. The broad-based weakness of the US dollar was the major reason for the rally of the shared 18-nation currency. Today’s macroeconomic indicators were very negative, adding to evidence of Europe’s economic struggle. German factory orders contracted 5.7 percent in August. The Markit Eurozone Retail Purchasing Managers’ Index fell from 45.8 in August to 44.8 in September, demonstrating the sharpest decline … “Euro Runs to Upside, Ignoring Negative Fundamentals”
CAD – Another Currency to Rally vs. USD
The Canadian dollar was yet another currency to rally against the US dollar today. Positive macroeconomic data helped the currency to rally against the Japanese yen too, but the loonie was unable to gain on the euro, trading near the opening level versus the shared 18-nation currency. The Canadian dollar demonstrated big losses versus the greenback on Friday but managed to log even bigger gains today. The currency also rallied for the second trading … “CAD – Another Currency to Rally vs. USD”