Orbex launches a trading ideas exchange system called Orbex TradeLab. The free tool allows changing of signals and ideas between both individuals and experts from all over the world. Here is more about this from the press release: Forex Broker Orbex proudly introduces a brand new trading ideas exchange system, Orbex TradeLab. The TradeLab features the ability … “TradeLab – a new product from Orbex for exchanging ideas”
Month: February 2015
Eurozone Growth Helps the Euro in Forex Trading
Euro is heading higher today, thanks in large part to the latest economic data out of the eurozone. Thanks to help from Germany, the latest GDP reading has moved higher, and that is providing help to the 19-nation currency. The last quarter of 2014 saw an increase in the eurozone’s GDP. Eurostat reports that GDP was 0.3 per cent higher during the fourth quarter than it was during the third quarter. Not … “Eurozone Growth Helps the Euro in Forex Trading”
Interview with Dan Blystone, update on Greece – Market
In this week’s episode we have the honor to speak to Dan Blystone of traderslog.com. We discuss a wide variety of topics with Blystone, ranging from current market conditions to technical patterns and lots more. In addition, we provide an update on Greece. Welcome to a new episode of Market Movers, presented by Lior Cohen of Trading NRG and Yohay … “Interview with Dan Blystone, update on Greece – Market”
Saxo Bank: Potential class action lawsuit against the firm
A group of Saxo Bank clients that traded the Swiss franc and were hit hard by the SNBomb, have come together and contracted a law firm to represent them. Andersen Partners, a Danish firm that also has an office in Germany, is currently examining the documents of Danish and other Saxo clients for a potential class action lawsuit. … “Saxo Bank: Potential class action lawsuit against the firm”
Merkel marks 3 big achievements – will she change the
German Chancellor Angela Merkel can certainly pat herself on the back: in the last days towards state elections in Hamburg, she achieved quite a lot, and she is prepared as she can be. And after Sunday’s polls, will she be ready for a compromise with Greece on the Eurogroup meetings on Monday? Here are the Chancellor’s … “Merkel marks 3 big achievements – will she change the”
Sterling Rallies After Inflation Report
The Great Britain pound soared against its most-traded counterparts today after the release of the Inflation Report from the Bank of England. The sterling fell versus the Japanese yen but bounced and almost erased losses by the end of Thursday’s trading. BoE Governor Mark Carney spoke at the press-conference regarding the Inflation Report, predicting a drop of inflation: Inflation is at its lowest level since the introduction of Inflation Targeting two decades ago. It will … “Sterling Rallies After Inflation Report”
Sweden Joins ‘Negative Interest Rates Club’
The Swedish krona dropped against the US dollar today after the nation’s central bank joined some other central banks of Europe (including the European Central Bank and the Swiss National Bank) in implementing negative interest rates. The krona attempted to stay flat against the euro but fell as well recently. The Riksbank announced today: There are signs that underlying inflation has bottomed out, but the situation abroad is now … “Sweden Joins ‘Negative Interest Rates Club’”
New Zealand Dollar Shows Resilience in Face of Poor Data
The New Zealand dollar was surprisingly strong during the current trading session even though macroeconomic news from the South Pacific nation was not good at all today. The House Price Index of Real Estate Institute of New Zealand dropped 1 percent in January, at the same rate as in February. The Business NZ Manufacturing Index slid from 57.1 in December to 50.9 last month. Despite all the negative indicators, the New Zealand … “New Zealand Dollar Shows Resilience in Face of Poor Data”
Aussie Gains on Greenback, Fails vs. Yen
The Australian dollar gained against its US peer today, but it was a result of the greenback’s weakness not the strength of the Aussie. As an evidence of this, the Australian currency dropped versus the Japanese yen. Australian employment shrank by 12,200 January from December, more than two times the predicted fall by 4,700. What is more, the unemployment rate climbed from 6.1 percent to 6.4 percent, topping expectations. The Australian dollar dropped … “Aussie Gains on Greenback, Fails vs. Yen”
Negative balances: warning the clients just isn’t enough
4 weeks after the SNBomb and some brokers are still going after negative balances of traders that went short on the franc and are now required to pay more than they deposited. Saxo Bank, which was heavily scrutinized a bit too harshly by the Wall Street Journal for taking a hard line against clients with negative balances, … “Negative balances: warning the clients just isn’t enough”