The euro ended yesterday’s trading session with solid gains and is trading sideways during the current session, unsure where to go now. The currency was rising on the back of the surprisingly good European economic sentiment. The ZEW Indicator of Economic Sentiment for Germany climbed from -3.6 in October to 11.5 in November. The actual figure was far above the predicted reading of 0.9. The Indicator of Economic Sentiment for the Eurozone has jumped from 4.1 to 11.0 … “Euro Gains with Help of Positive Economic Sentiment”
Month: November 2014
FxPro awarded Best FX Broker 2014 by Shares Magazine
Forex Broker FxPro has bagged yet another award: Best forex broker for 2014, for the second year. FxPro recently won Best FX Provider by Online Personal Wealth. For more on this fresh prize, here is the official press release: 18 November 2014, London. FxPro has been awarded Best FX Broker at the Shares Awards for the … “FxPro awarded Best FX Broker 2014 by Shares Magazine”
EUR/USD legs, vulnerable Aussie, vertical yen and change in
I had the pleasure to speak with Dale Pinkert of FXStreet’s Live Analysis Room. We talked about technical levels as well as fundamental forces moving EUR/USD potential legs down and up, the vulnerability of the Aussie, potential falls for USD/CAD and the star of the day: the vertical USD/JPY. What can we expect from Japan’s … “EUR/USD legs, vulnerable Aussie, vertical yen and change in”
EUR/USD: H&S Neckline; USD/JPY: Signals For A Top –
While there are many reasons to be bearish on the euro and the European economies, the technical lines may be pointing to a move higher in EUR/USD. The team at Nomura highlight the Head & Shoulders pattern. For USD/JPY, the vertical ride may also be about to change. Here is their view, courtesy of eFXnews: … “EUR/USD: H&S Neckline; USD/JPY: Signals For A Top –”
Panda Trading Systems to power 24FX with e-Broker solution
Panda Trading Systems has reached a deal with Rodeler Ltd. Group to launch the Panda’s e-Broker comprehensive solution for the broker’s operations, including the 24 Options offering. Panda recently offered a 7-Day Trading Week. For more about the collaboration with 24FX, here is the official press release: Tel Aviv, Israel – November 18, 2014 – Panda Trading Technologies (Panda … “Panda Trading Systems to power 24FX with e-Broker solution”
Yen Gains Ground After Initial Drop
The Japanese yen slipped against the majority of most-traded currencies today after a speech of Japanese Prime Minister Shinzo Abe. The currency managed to trim losses against some of its peers and to erase them completely against others. Abe announced early elections and said that the planned sales-tax increase will be postponed. The announcement followed yesterday’s data that showed recession of Japan’s economy. The yen sank after the Prime Minister’s speech, … “Yen Gains Ground After Initial Drop”
Aussie Retreats to Opening Level After Rally
The Australian dollar rallied after the minutes of the latest central bank’s policy meeting but retreated later and now trades near the opening level. It is possible that the currency will fall even further. The Reserve Bank of Australia released the minutes of its November meeting today. The minutes said nothing particularly new, reiterating that the currency is too strong and a period of stable monetary policy is expected. The Aussie attempted … “Aussie Retreats to Opening Level After Rally”
US Dollar Pulls Back, Consolidating After Recent Rally
US dollar is pulling back, consolidating after its recent rally. With Fed minutes due to be released tomorrow, and interest in what they will show high, many Forex traders are repositioning themselves. Greenback is lower almost across the board today as Forex traders take profits from the recent dollar rally, and as they consolidate their positions. The Federal Reserve will release the minutes of its latest … “US Dollar Pulls Back, Consolidating After Recent Rally”
Loonie Trades Mixed, but Higher Against the US Dollar
Canadian dollar is trading mixed today, but is higher against the US dollar. With oil prices recovering a bit, and with the greenback pulling back a little after its recent run, the loonie is pressing its advantage. Loonie is getting a little help against the greenback today, thanks in part to oil prices. Oil is gaining today, moving up toward the $76 a barrel mark. Crude oil … “Loonie Trades Mixed, but Higher Against the US Dollar”
Stronger USD But Path Non-Linear: New FX Forecasts – UBS
The greenback gained a lot of ground in recent months. Are we due for a big correction? Or is there more in store? The team at UBS describes the next moves for a wide array of pairs: Here is their view, courtesy of eFXnews: UBS has revised its FX forecasts to mainly reflect a stronger USD … “Stronger USD But Path Non-Linear: New FX Forecasts – UBS”