The Australian dollar was attempting to rise yesterday and ticked up a little today. The currency got support from the minutes of the latest monetary policy meeting released by the Reserve Bank of Australia today. The RBA minutes were relatively hawkish, saying: Domestically, economic activity had generally been more positive over recent months. The central bank did not mention plans for cutting interest rates further, though a possibility of another cut … “Australian Dollar Continues Attempts to Rise”
Month: August 2015
Dollar Keeps Gains of Week’s First Trading Session
The US dollar performed rather well during the first session of the current trading week, undeterred by some negative economic reports from the United States. The currency kept yesterday’s gains today. The Empire State manufacturing index showed an abysmal reading of -14.9 in August, which was far below the previous month’s figure of 3.9. Forecasters had completely missed the point, promising an increase ahead of the data. The dollar had slipped after the report … “Dollar Keeps Gains of Week’s First Trading Session”
Sterling Suffers from Falling House Prices in United Kingdom
The Great Britain pound was hurt by today’s economic data that showed a decline of house prices in the United Kingdom this month. Yet not all the news was negative for the currency. The Rightmove House Price Index fell 0.8 percent in August from July, though the indicator was still up 6.4 percent from a year ago. The report hinted that the UK economy is experiencing problems, which may force … “Sterling Suffers from Falling House Prices in United Kingdom”
Japanese Economic Data Detrimental to Yen
Today’s economic data was rather detrimental to the Japanese currency, showing a decline of Japan’s economy, and the yen fell against the US dollar and versus some other currencies as a result. At the same time, the yen gained on few major rivals, including the euro. According to today’s report from Japan, gross domestic product (preliminary) contracted 0.4 percent in the second quarter of this year after rising 1.1 percent during the preceding three months. … “Japanese Economic Data Detrimental to Yen”
Loonie Continues to Fall Against Greenback as Markets Drop and Oil Falls
Canadian dollar continues to struggle, especially against the US dollar, thanks to falling stock prices and weak oil prices. There isn’t much to support the loonie, which only seems to be finding success against a weak euro. Loonie is mostly lower today, falling against most of its major counterparts. The Canadian dollar is higher against the euro, but it is lower against the pound, dollar and yen. One … “Loonie Continues to Fall Against Greenback as Markets Drop and Oil Falls”
Admiral Market launches MetaTrader 4 Supreme Edition
MetaTrader 4 remains a very platform for forex traders and always attracts new developments. Admiral Markets has launched a supreme edition of the platform, which promises a simpler and better environment. Here is more information from the press release: In 2015 Admiral Markets was extremely busy implementing new features in MT4 Supreme Edition requested by … “Admiral Market launches MetaTrader 4 Supreme Edition”
Economic Outlook for Eurozone Drags on the Euro
The economic outlook for the eurozone is dragging on the euro today, bringing it lower as concerns about what’s next for the 19-nation currency region continue. According to a recent Bloomberg survey of economists, there isn’t much confidence that the eurozone’s economy will improve in the short term. This news comes following reports that economic growth slowed in the last quarter. This slowdown was unexpected because Mario Draghi and the European Central Bank … “Economic Outlook for Eurozone Drags on the Euro”
China devaluation to cause uncertainty in policy, whilst USD
Kathleen Brooks, Research Director for City Index, joined Nick Batsford and Richard Hunter at Tip TV to discuss the China devaluation, the USD, the US rate hike, oil and equities. China devaluation not great for China Brooks began by noting that she didn’t expect the China devaluation, before adding that the devaluation is unlikely to … “China devaluation to cause uncertainty in policy, whilst USD”
GOLD: Looks To Build On Corrective Recovery
GOLD: Having closed higher the past week, further bullishness is likely though hesitating on Friday.However, beware of a mild price pullback. Support comes in at the 1,110.00 level where a break will aim at the 1,200.00 level. A cut through here will open the door for move lower towards the 1,080.00 level. Below here if … “GOLD: Looks To Build On Corrective Recovery”
Predictable Currencies vs. Unpredictable Central Banks – MM #63
Some currency pairs are make life easier for the technical trader. We begin with discussing and listing them before moving to the uncertainties caused by central banks in the US (following the NFP) the UK (Super Thursday) and China (stocks, devaluation) before looking forward. You are welcome to listen, subscribe and provide feedback. 5 most predictable … “Predictable Currencies vs. Unpredictable Central Banks – MM #63”