The US dollar reversed its yesterday’s moves during today’s cautious trading. The currency gained on the euro and surged against the Great Britain pound, falling versus the Japanese yen at the same time. Some traders subscribe to the theory of Tuesday reversal. The theory says that if a move has occurred on Monday then it is often reversed on Tuesday. It is hard to say how true that idea is, but it … “Dollar Reverses Monday’s Moves”
Month: July 2015
Growing Trade Deficit Doesn’t Slow Dollar Gains
A growing trade deficit for the United States hasn’t slowed dollar gains today, largely due to the fact that economic data is overshadowed by the Greek drama still being played out in the eurozone. With all eyes on the 19-nation currency region, and uncertainty over what’s next running high, the US dollar is mostly higher. The latest trade deficit numbers indicate that the May 2015 trade deficit for the United States climbed … “Growing Trade Deficit Doesn’t Slow Dollar Gains”
Euro Continues to Struggle as Time Runs Out for Greece
Time is running out for Greece, and the euro continues to struggle as a result. The future of the eurozone is seen hanging in the balance over this, and that has some uncertain about what’s next for the euro. Greece missed its most recent payment on its debt not too long ago, and since then European leaders have been trying to come to an agreement with Greece about the terms of a further bailout, or for restructuring of Greece’s debt. … “Euro Continues to Struggle as Time Runs Out for Greece”
NZ Dollar Drops to Multi-Year Low vs. US Dollar
The New Zealand dollar followed its Australian counterpart in decline, also falling to a multi-year low against the US dollar, as economic news from New Zealand was rather pessimistic. The New Zealand Institute of Economic Research reported today: The latest NZIER Quarterly Survey of Business Opinion shows the New Zealand economy losing momentum. After discussing various signs of economic weakness in New Zealand, the institute concluded: These results suggest … “NZ Dollar Drops to Multi-Year Low vs. US Dollar”
Aussie Dips After RBA Holds
The Australian dollar sank today, reaching a new multi-year low against its US peer, after the Reserve Bank of Australia held its monetary policy meeting. The central bank made no surprises to the market, keeping its policy steady. As was expected, the Aussie could not hold ground for long. The RBA kept its main interest rate at 2 percent and released a relatively neutral statement. Yet it said regarding … “Aussie Dips After RBA Holds”
USD May Pause For Correction – Looking At AUDUSD &
AUDUSD keep its downward direction now close to the 1.618 projection of the 3 wave in the 3 wave of the larger degree. According to the count we see a possible pullback soon but just a corrective one in its nature before we resume lower levels. Comments from the RBA from last night imply they … “USD May Pause For Correction – Looking At AUDUSD &”
Mickey Winitsky appointed CEO of MarketsPulse
MarketsPulse, a provider of binary options solutions, has made a change in the top: Mickey Winitsky replaces co-founder Rachely Esman. Here is the official press release which also includes new plans for the future: MarketsPulse Appoints New CEO to Lead Next Phase of Corporate Growth Mickey Winitsky is appointed MarketsPulse’s new CEO and will execute company’s … “Mickey Winitsky appointed CEO of MarketsPulse”
AFXANTS launches algorithm for trading forex, other instruments
A new European startup based in Cyprus has launched a new algorithm using AI. Here are the details from the official press release provided by the company: A new start-up from Europe is disrupting how Trading is done and is picking up a lot of attention from retail traders and large institutional clients. AFXANTS developed the … “AFXANTS launches algorithm for trading forex, other instruments”
EUR/PLN: Standing Tall
Over the past year Polish voters have twice rejected centralist Civic Party incumbents in favor of populist Law and Justice Candidates. The change in government isn’t because of the economy. Poland’s 3.4% 2014 GDP growth was well ahead of 1.3% GDP growth of its fellow EU members. In spite of the economic problems of the … “EUR/PLN: Standing Tall”
GBPUSD: Continues To Face Downside Threats
GBPUSD: With GBP extending its weakness the past week, further downside pressure is likely. As at the time of this analysis, it was seen pressuring the downside suggesting more weakness. On the downside, support lies at the 1.5500 level where a break if seen will aim at the 1.5450 level. A break of here will … “GBPUSD: Continues To Face Downside Threats”