Canadian Employment Change is one of the most important economic indicators. Traders and analysts carefully scrutinize employment figures, and a reading higher than forecast is bullish for the loonie. Here are the details and 5 possible outcomes for USD/CAD. Update: Canada gains 28.7K jobs – USD/CAD slides Published on Friday at 13:30 GMT. Indicator Background Job creation is one … “USD/CAD: Trading the Canadian Apr 2015”
Month: April 2015
Euro Loses Ground, Knocked Out by Dollar
The euro lost its ground against the US dollar, as well as against other most-traded currencies, after the Federal Reserve released its policy minutes. The currency fell also as not all economic reports from the countries of the eurozone were favorable. The Fed’s minutes allowed the dollar to rally, knocking out the euro. While many other currencies managed to retain at least some gains versus the greenback, the common currency of the eurozone was not … “Euro Loses Ground, Knocked Out by Dollar”
Dollar Bounces After Fed Minutes
The US dollar was falling falling during the current trading session before the Federal Reserve released the minutes of its latest policy meeting. The currency bounced after the release, gaining on the euro. The greenback also trimmed its losses against other currencies. The most likely reason for the dollar’s rally is that the minutes mentioned that several policy makers thought that June should be an appropriate date to raise interest rates: … “Dollar Bounces After Fed Minutes”
NZ Dollar Gains Ahead of Fed Minutes
The New Zealand dollar gained today as Forex trading were readying for the release of minutes from the Federal Reserve. The US dollar dropped ahead of the event, allowing other currencies to rally. The Federal Reserve is going to release minutes of its latest policy meeting on 18:00 GMT today. Market participants hope that the report will help to assess possible timing for an interest rate hike. It is hard to guess the market reaction … “NZ Dollar Gains Ahead of Fed Minutes”
Opportunity Knocks For USD Bulls: Levels & Targets –
The greenback has made a comeback of sorts, rising from the lows it suffered following the poor Non-Farm Payrolls. However, the jury is still out on whether the trend has resumed. The team at Bank of America Merrill Lynch sees opportunities for USD bulls against the EUR, GBP and the JPY as well as the … “Opportunity Knocks For USD Bulls: Levels & Targets –”
Yen Rallies vs. Dollar, Unable to Gain on Other Peers
The Japanese yen rallied against the US dollar today after the Bank of Japan conducted its April policy meeting. The currency was unable to beat its other rivals. BoJ Board members voted for keeping stimulus intact with one dissenter who argued in favor of reducing monetary accommodation. Takahide Kiuchi voted for reducing the size of annual asset purchases to ¥45 trillion from the current ¥80 trillion. With the majority of voting … “Yen Rallies vs. Dollar, Unable to Gain on Other Peers”
Free Mobile Trading Simulator from Trade Interceptor
“Traders Gym” offers traders to simulate trading using a mobile device. This advanced software is free to use. You can read more about the new product from Trade Interceptor in the official press release below: 8 April 2015 – Trade Interceptor released “Traders Gym”, a professional trading simulator designed to help traders test their strategies … “Free Mobile Trading Simulator from Trade Interceptor”
EUR/USD: Trading the US Unemployment Claims Apr 2015
US Unemployment Claims is released weekly, and measures the number of people filing for unemployment for the first time. It is considered an important measure of the health and direction of the US economy. A reading which is higher than the market forecast is bullish for the euro. Here are all the details, and 5 … “EUR/USD: Trading the US Unemployment Claims Apr 2015”
GOLD Eyes Gain Ahead Of FOMC
GOLD opened this week with a gap higher, but since then it failed to capitalize on the gains. There was a sharp reaction after it tested the $1220-25 levels. It moved lower and made an attempt to close the gap. The US dollar strength played a major role in the correction. There is a major … “GOLD Eyes Gain Ahead Of FOMC”
Indian Rupee Stronger After RBI Policy Meeting
The Indian rupee managed to gain against the US dollar today following yesterday’s monetary policy meeting. While India’s central bank retained its dovish bias, it was not yet ready to make another reduction of borrowing costs. The Reserve Bank of India decided to keep its main interest rate at 8.5 percent during yesterday’s policy meeting. The central bank said in the statement that it retains “accommodative stance” but … “Indian Rupee Stronger After RBI Policy Meeting”