One of the unique features of the Forex market is that it is an over-the-counter market. This means that unlike the stock or commodities markets, there is no official price for currencies at any given moment. Now as the various interbank liquidity providers (i.e. banks) offer the same currency at different prices to Forex brokers, … “Forex Brokers: Dealing Desk, STP or ECN?”
Month: April 2016
Pound Stronger After Construction PMI
The Great Britain pound firmed today following the release of construction data that showed that the sector continues to grow, albeit not at an impressive pace. The Markit/CIPS UK Construction Purchasing Managersâ Index remained steady at 54.2 in March, staying safely above the neutral 50.0 level. Yet the report was not particularly optimistic as the rate of growth was slowest since June 2013. Nevertheless, the sterling was firm, rising even above … “Pound Stronger After Construction PMI”
Aussie Trades Lower After Mixed Data
The Australian dollar fell against its major rivals today after the release of mixed economic data from Australia. Now, traders wait for monetary policy decision of the Reserve Bank of Australia. Building approvals rose 3.1% in February from January on seasonally adjusted basis, exceeding the consensus forecast of 2.1%. Seasonally adjusted retail sales showed no change in February while analysts had expected at least some growth. The RBA will … “Aussie Trades Lower After Mixed Data”
Dollar Lies in Waiting for Further Monetary Policy Indications
The US dollar has experienced an abysmal week at the end of March and enters April with a bias that can be defined as bearish. But does it mean that the currency is going to extend its decline further? The greenback recoiled after the dovish comments from Janet Yellen, Chairwoman of the Federal Reserve. The positive employment data attempted to rescue the currency but failed, and the dollar ended the week on a weak footing. It suggests … “Dollar Lies in Waiting for Further Monetary Policy Indications”
A weak US Dollar Only Postpones ‘The Day Of Reckoning’
The “Day of Reckoning” for the global economy is nigh, says RBS, and the weak USD just postpones it. What’s next? Here is their view: Here is their view, courtesy of eFXnews: The Fed’s shift toward a more growth-friendly stance ought to be helpful in mitigating the downside risks to the world economy in the … “A weak US Dollar Only Postpones ‘The Day Of Reckoning’”
US Dollar Starts Week with Positivity, Ends Negative
The US dollar has entered the trading week with a positive bias due to the outlook for monetary tightening from the Federal Reserve. But all positivity was squashed by dovish comments of Fed Chairwoman Janet Yellen. Previous week’s comments from Fed officials made an impression that an interest rate hike in April or at least in June is very probable. Yet this week’s remarks from Yellen changed the view of economists who … “US Dollar Starts Week with Positivity, Ends Negative”
Soft Economic Data Continues to Weigh on Sterling
Soft economic data continues to pull the UK pound down in Forex trading on the currency market. The latest PMI data is disappointing, and that is bringing the sterling down against its major counterparts on the currency market. The latest data release for the United Kingdom is disappointing analysts and Forex traders today. Markit and CIPS Manufacturing PMI for March came it at 51, instead of the expected 51.2. This marks another month of decline … “Soft Economic Data Continues to Weigh on Sterling”
US Dollar Index Higher, Even as Greenback Trades Mixed
The US dollar index is higher today, even though the greenback is trading mixed against its major counterparts. Lackluster data and remarks from Fed Chair Yellen are still weighing on the dollar to some degree. US dollar is trading mixed against its major counterparts today. The dollar is down against the euro and a yen, but up against the sterling and the loonie. Recent US economic data has … “US Dollar Index Higher, Even as Greenback Trades Mixed”
Forex Crunch Key Metrics March 2016
The third month of 2016 was not very different from the previous one. However, traffic was slightly higher probably due to the longer month and despite the Easter holiday. Onwards and upwards to Q2. Here are the numbers: Website: Page Views: 418,278. Visits: 208,785. Visitors: 124,126. Time on Site: 2:02. Average Pageviews/Visit: 2.00 Bounce Rate: 58.82% Mobile … “Forex Crunch Key Metrics March 2016”