Cuprus based forex broker Orbex announces that it gives a chance to five additional traders to be become lucky winners, by extending the social campaign. Orbex launched the campaign back in September. For more details about the social campaign, here is the official press release: Limassol, Cyprus, 23rd October 2014: Last month, forex broker Orbex ran a successful … “Orbex extends a successful social campaign for another month”
Month: October 2014
Aussie Edges Lower Despite Positive Data
The Australian dollar edged lower today even as economic indicators from Australia and abroad were supportive for the currency. Yesterday’s positive economic data from the United States made traders to prefer the US currency over riskier ones. National Australia Bank reported that business confidence remained unchanged in the third quarter of 2014. The HSBC Flash China Manufacturing Purchasing Managersâ Index rose a little in October, reaching the highest level in three … “Aussie Edges Lower Despite Positive Data”
NZ Dollar Dips as Inflation Misses Analysts’ Projections
The New Zealand dollar dipped today after a report showed that consumer price inflation stayed unchanged last quarter, while analysts expected it to accelerate. The currency is consolidating as of now after the initial drop. The Consumer Price Index rose 0.3 percent in the September quarter of this year, at the same rate as in the previous quarter. Specialists predicted an increase by 0.5 percent. The major contributors to the price growth were housing and household utilities, … “NZ Dollar Dips as Inflation Misses Analysts’ Projections”
The Case For A Strong USD And A Weaker AUD & NZD – ANZ
Both the Australian and the New Zealand dollars have shown some relative strength and traded in ranges. What is the next direction for both? ANZ sees both falling against the dollar and provides 4 arguments. Here is their view, courtesy of eFXnews: Australia and New Zealand Baking Group (ANZ) is out with a note presenting some feedback from … “The Case For A Strong USD And A Weaker AUD & NZD – ANZ”
Swiss Policy Makers Still Think Franc is Overvalued
The Swiss franc fell along with the euro against the US dollar today as Swiss policy makers continue to talk about excessive strength of the currency and need to keep the ceiling on the franc. The Swissie managed to rise against the euro itself. Fritz Zurbruegg, member of the Swiss National Bank Governing Board, said yesterday: Thereâs no discussion, we will with utmost determination make sure that the minimum exchange rate is not … “Swiss Policy Makers Still Think Franc is Overvalued”
CAD Edges Higher After Bank of Canada Meeting
The Canadian dollar advanced today after the Bank of Canada left its monetary policy unchanged. The currency was soft previously as retail sales data was rather negative. The BoC left its main interest rate at 1 percent at today’s policy as was widely expected by analysts. The central bank said in the statement that the Canadian economy will not reach full capacity until 2016. Unlike the previous times, the bank did … “CAD Edges Higher After Bank of Canada Meeting”
Here Is Why The USD Will Rally Even Without Higher
Bond markets were a significant part of the global storm, we’ve seen recently. A fall in the greenback was accompanied with a fall in US bond yields. Do they have to be linked also in the future? Not necessarily. Is the dollar ready for a new rally? Greg Gibbs from RBS offers his interesting views: Here is … “Here Is Why The USD Will Rally Even Without Higher”
UK Pound Slumps After BOE Minutes
Once again, the Bank of England is disappointing Forex traders, and that is leading to a lower pound today. With a rate hike nowhere in sight, there is little to help the sterling against its major counterparts. No one seriously expected the Bank of England to announce rate hikes anytime soon, but there were some hopes that the wording of the MPC minutes from the latest meeting would offer some hopeful … “UK Pound Slumps After BOE Minutes”
US Dollar Gains Ground on Risk Aversion
Risk aversion is back in the markets, and the US dollar is gaining ground as a result. The greenback is still considered one of the safest bets in the world, and with uncertainty all around, and choppy stock performances, it is no surprise that the greenback is preferred right now. There is a lot of uncertainty going around right now, and concerns about major economies. The news out of the eurozone and the United Kingdom continues to disappoint. … “US Dollar Gains Ground on Risk Aversion”
AUD/USD: Trading the Australian CPI Oct 2014
The Australian CPI (Consumer Price Index), which is released each quarter, is an inflation index which measures the change in the price of goods and services charged to consumers. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. … “AUD/USD: Trading the Australian CPI Oct 2014”