British Retail Sales is considered one of the most important economic indicators. A reading that is higher than the market forecast is bullish for the British pound. Update: UK retail sales falls 0.5% – GBP/USD slides Here are all the details, and 5 possible outcomes for GBP/USD. Published on Thursday at 8:30 GMT. Indicator Background Retail Sales is the primary … “GBP/USD: Trading the British Retail Sales Apr 2015”
Month: April 2015
A New Mexico?
On 9 April, the five member board of the Bank of Mexico unanimously agreed to leave its overnight lending target rate unchanged at 3%. It is in the envious position of sharing its northern land border with the United States and a member of the North American Free Trade Agreement. Under NAFTA 90% of its … “A New Mexico?”
GBP: Trading UK Elections – ING
May 7th is getting closer and polls show a head to head battle between the rival parties. The pound is relatively resilient so far, but this may not last too long. The team at ING shares its view about a potential knee-jerk reaction. Here is their view, courtesy of eFXnews: As GBP started feeling the heat … “GBP: Trading UK Elections – ING”
Australian Dollar Falls After RBA Minutes, Drop Limited
The Australian dollar dropped today after the release of minutes from the Reserve Bank of Australia, though the decline was rather limited. The Aussie even managed to gain on the Japanese yen. The minutes of the latest RBA policy meeting confirmed that the central bank considers lowering interest rates further on the future gatherings: The Board judged that it was appropriate to hold interest rates steady for the time being, while accepting that further easing … “Australian Dollar Falls After RBA Minutes, Drop Limited”
Fundamental Factors Negative for Canadian Dollar
The Canadian dollar dropped today as fundamentals were unfavorable to the currency. Among the negative factors were domestic macroeconomic data, the general market sentiment and the drop of crude oil. Canadian wholesale sales fell 0.4 percent in February even though experts have promised a 0.2 percent increase. It was the second month of decline after the big drop by 2.9 percent in January. The general market sentiment was also negative for the loonie as concerns … “Fundamental Factors Negative for Canadian Dollar”
A Greek default within the zone – the worst for
The euro seems to be paying more attention to teh troubles in Greece and less to US indicators and euro-zone ones. All in all, EUR/USD is trading within a wide range for quite some time. These moves are quite interesting, but a more interesting move would be a break down out of the range towards parity. This scenario … “A Greek default within the zone – the worst for”
Euro Falls as Concerns About Greece Continue
Euro continues to struggle in currency trading on the FX market as worries about Greece continue to dominate the landscape. Even with the good news expected out of Germany, the problems with Greece overshadow the entire eurozone. Good news is expected out of Germany today, with the ZEW expected to confirm the idea that the eurozone economy is headed for recovery. Analysts believe that the worst of the eurozone crisis really is over, and that is … “Euro Falls as Concerns About Greece Continue”
FXStreet and University of Essex Online launch a new
Many traders dip their feet into the cold waters of the markets without proper education. There are now serious opportunities for receiving thorough knowledge, and doing it online. The University of Essex Online and FXStreet, one of the largest forex portals, are following their success and announcing a second intake of the Financial Trading Analysis course. All the … “FXStreet and University of Essex Online launch a new”
Most Trusted Forex Broker goes to FXTM at MENA Fprex
In the recent Middle East North Africa Forex Awards 2015, Forex Time was awarded the “Most Trusted Forex Broker” prize. For more details, here is the official press release: International forex broker ForexTime (FXTM), has been recognized as ‘Most Trusted Forex Broker’ at the recent 14th MENA Forex Awards 2015. The award ceremony which took … “Most Trusted Forex Broker goes to FXTM at MENA Fprex”
UK Political Gridlock; Stay Short Sterling – RBS
Opinion polls for the upcoming UK elections couldn’t be closer. In addition, there is a growing chance of the “worst case scenario” for markets: a Labour-SNP minority government. The team at RBS focuses on the gridlock and sees downside for the pound: Here is their view, courtesy of eFXnews: Although markets appear comfortable they have … “UK Political Gridlock; Stay Short Sterling – RBS”