EUR/USD seems to return to its “Teflon” status and shrug off bad economic indicators, news about Greece, etc. Can it last for a long time? The team at Nomura explains what is going on and how it could change soon: Here is their view, courtesy of eFXnews: In a note to clients today, Nomura discusses the break … “Why Is The Euro Holding In? How To Trade It? – Nomura”
Month: June 2015
Pound Higher as UK Exits Deflation
The Great Britain pound was generally higher today after the data showed that the United Kingdom exited deflation last month. Other economic reports were not as good, but that did not prevent the currency from rising. The Office for National Statistics reported that the UK Consumer Price Index rose 0.1 percent in May after falling at the same rate in the prior month. Not everything was positive as the report … “Pound Higher as UK Exits Deflation”
Australian Dollar Attempts to Bounce
The Australian dollar dropped a little after the nation’s central bank released the minutes of its latest policy meeting. The fall was small and the currency is attempting to bounce right now. The Reserve Bank of Australia released the minutes of its June meeting today. The report confirmed the central bank’s easing bias, though Australian policy makers preferred to wait for more economic data before deciding if an additional interest rate cut is … “Australian Dollar Attempts to Bounce”
Sweating it Out
In 18 June 2014, Sweden’s National Institute of Economic Research forecast continued low inflation and that Riksbank would need to cut its repo rate at least 0.50%, if not more. The report also noted that economic growth expectations would not exceed 2.2% for 2014. Sweden had been reaping the benefits of reduced taxes, to the … “Sweating it Out”
Euro Struggles as Greece Impasse Continues
Financial markets are finally showing concern over the negotiations between Greece and its creditors and the euro is struggling today. Concerns that an agreement really won’t be reached, and that Greece will default, are on the rise. Forex traders and other investors are becoming nervous about the situation with Greece as negotiations continue to stall. Unless the country receives new funds, Greece is likely to default on a 1.6 billion euro … “Euro Struggles as Greece Impasse Continues”
US Dollar Gains as Traders Await Federal Reserve Meeting
US dollar is heading higher today as traders look forward to the coming two-day meeting of Fed policymakers. Greenback is also getting some support from worries about what’s next for Greece. The members of the Federal Reserve’s Federal Open Market Committee are starting a two-day meeting today, and many expect to see signs that interest rates will rise in September. While there are some concerns that the strong … “US Dollar Gains as Traders Await Federal Reserve Meeting”
Is it too easy to open an account? Beware
There is an abundance of forex brokers offering different spreads, bonuses, leverages and regulations. Forex trading is not easy and not all brokers are equal. Apart from getting education, practicing on a demo account (even though it has its problems) and taking it step by step, you should also make sure it is not too easy … “Is it too easy to open an account? Beware”
Russian Central Bank Continues Monetary Easing, Ruble Down
The Russian central bank made yet another interest rate cut today but warned that the pace of monetary policy easing may slow in the future. The Russian ruble fell after the central bank’s decision. The Bank of Russia slashed its key interest rate by a whole percentage point to 11.5 percent today, continuing the easing cycle that it has started in January. As for its plans for the future, the central bank said in the statement: … “Russian Central Bank Continues Monetary Easing, Ruble Down”
Great Britain Pound Dips as Greek Talks Fails
The Great Britain pound dipped against the US dollar and erased its earlier gains versus the Japanese yen today as traders have flocked to safer currencies after the weekend talks between Greece and its creditors had failed. Greece has little time for negotiating more favorable deal with creditors as the deadline for debt repayment at the end of the month nears. Yet it looks like the negotiating sides are nowhere near reaching … “Great Britain Pound Dips as Greek Talks Fails”
The Fed and USD – All you need to know – MM #54
It’s a big Fed decision, with no strains attached. We provide the background, scenarios and potential USD reactions – all you need to know. We continue by tackling Greece from two angles: the current situation and bank stocks. You are welcome to listen, subscribe and provide feedback. Fed decision: The FOMC reaches this decision with no forward … “The Fed and USD – All you need to know – MM #54”