The Australian dollar attempted to rally on the back of positive domestic housing data but failed. The currency dropped versus the US dollar and slumped 1 percent against the Japanese yen. Australia’s House Price Index rose 4.7 percent in June quarter from the previous three months. The increase was far bigger than the predicted 2.5 percent. Yet the data provided little help to the Aussie, being overshadowed by the slump of commodity prices and speculations … “Aussie Fails to Rally Despite Help from Australian HPI”
Month: September 2015
EUR/USD down on divergence, watch out for China [Short
This is the wrap up of the full morning show we published earlier. EUR/USD remains in focus on monetary policy divergence, with officials pulling the strings in different directions: the dollar is strengthening on reassuring talk of a December hike while the euro suffers from QE talk. The moves of these currencies are not limited … “EUR/USD down on divergence, watch out for China [Short”
FxPro wins two awards: best MT5 broker & forex provider
The UK Forex Awards was quite fruitful for FxPro: the broker picked up two prizes in the prestigious event. Here are more details from the official press release: 22 September 2015, London. FxPro has once again been recognised by the financial services community for the excellence of its trading facilities. The UK headquartered financial services provider won “Best … “FxPro wins two awards: best MT5 broker & forex provider”
Bullion Capital teams with Financial FX to provide precious
South America is a market often missed by brokers. Bullion Capital dives into the southern hemisphere to bring trading of precious metals, together with Financial FX. Here is more data from the official press release: 17 September 2015: Bullion Capital, the world’s primary physical precious metals exchange, has just announced a new collaboration with Peru-based brokerage Financial … “Bullion Capital teams with Financial FX to provide precious”
Bullion Capital teams with Financial FX to provide precious
South America is a market often missed by brokers. Bullion Capital dives into the southern hemisphere to bring trading of precious metals, together with Financial FX. Here is more data from the official press release: 17 September 2015: Bullion Capital, the world’s primary physical precious metals exchange, has just announced a new collaboration with Peru-based brokerage Financial … “Bullion Capital teams with Financial FX to provide precious”
AUDUSD Maintains Downside Pressure, Eyes 0.7062 Level
AUDUSD: A follow-through lower on the back of two rejection candle formations on Monday has cleared the way for more weakness in the days ahead. On the upside, resistance lies at the 0.7150 level. A cut through here will turn attention to the 0.7200 level and then the 0.7250 level where a violation will set … “AUDUSD Maintains Downside Pressure, Eyes 0.7062 Level”
EUR/USD: Trading the German IFO Sep 2015
German Ifo Business Climate is a monthly composite index of about 7,000 businesses, which are surveyed about current business conditions and their expectations concerning economic performance over the next six months. A reading which is higher than the estimate is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. … “EUR/USD: Trading the German IFO Sep 2015”
US Dollar Gains as Markets Continue Digest Fed Announcement
The US dollar rallied on Monday despite the lackluster housing data released from the United States. The Forex market continues to digest the policy announcement of the Federal Reserve, and traders are trying to guess when the US central bank is going to start monetary tightening and whether it is going to tighten policy at all. US existing home sales fell 4.8 percent to the seasonally adjusted annual rate of 5.31 million in August from … “US Dollar Gains as Markets Continue Digest Fed Announcement”
South African Backs Off vs. US Dollar
The South African rand fell against the strong US dollar today. The currency still performed relatively well due to the help of rising commodity prices. The dollar was rising against its most-traded peer during the Monday’s session as market participants were digesting the last week’s policy announcement from the Federal Reserve. Still, the rand demonstrated fairly strong performance compared to other currencies of emerging markets, even though it was … “South African Backs Off vs. US Dollar”
Economic Concerns Make Brazilian Real Unattractive
The Brazilian real fell against the US dollar as the pessimistic outlook for Brazil’s economy coupled with concerns about the global economic slowdown made traders not particularly interested in the nation’s currency. The real was trading near the record low amid speculations that the Brazilian recession will be worse than it has been expected previously. Earlier this month, Standard & Poor’s lowered the country’s credit rating below … “Economic Concerns Make Brazilian Real Unattractive”