Back in the fourth quarter of 2015, when the Federal Reserve was contemplating hiking rates, many expected gold prices to fall. The bearish sentiment picked as gold prices fell nearly 10% between September 12 2015 and November 23 2015 on increasing chatter about the historic Fed rate hike. By December 2015, gold prices hit lows … “Gold investors are the most happiest this year”
Month: May 2016
AUD/USD: ‘Sell In May’ Seasonal Trade Is Unfolding –
The Australian dollar was hit by the RBA, but this is not the only thing in play: Here is their view, courtesy of eFXnews: Last week, we discussed the prospects of market conditions gradually turning less favourable for Asian currencies going into May. Indeed, the USD has turned around, as the “Sell in May” seasonal phenomenon is … “AUD/USD: ‘Sell In May’ Seasonal Trade Is Unfolding –”
New Trade Journal Software With Hedge Fund Reporting Capabilities
Retail traders get closer and closer to tools used by the professionals. JournalSqrd is set to launch and is raising money via IndieGoGo. Here are all the details from the official press release: Los Angeles, CA – May, 2016 JournalSqrd is a digital software that allows traders to run fund-style reports and analytics with their own … “New Trade Journal Software With Hedge Fund Reporting Capabilities”
Japanese Yen Slips on Potential for Intervention
Japanese yen is mostly lower today, thanks in large part to the fact that an intervention from the government could be a possibility. Yen is lower against its major counterparts today. After seeing some strength in recent weeks, yen is heading lower as threats of possible intervention weigh on the currency. Taro Aso, Japan’s finance minister, indicated earlier that the Japanese government is willing to intervene in the currency markets … “Japanese Yen Slips on Potential for Intervention”
Euro Trades Mixed as More Greek Discussion Gets Under Way
More discussions about what to do about Greek debt are getting underway, and that is impacting the euro today. The 19-nation currency is trading mixed today, heading lower against the pound and the dollar, but gaining ground against currencies like the yen. Once again, Greece is in the spotlight. Eurozone policymakers are meeting to discuss what can be done about Greek debt. Some countries are looking … “Euro Trades Mixed as More Greek Discussion Gets Under Way”
NZD/JPY: The Advantage of the Status Quo
On 29 January, the Bank of Japan took a significant step in its vigorous efforts to stimulate growth in the Japanese economy. “…The Bank will apply a negative interest rate of minus 0.1 percent to current accounts that financial institutions hold at the Bank. It will cut the interest rate further into negative territory if … “NZD/JPY: The Advantage of the Status Quo”
Fed will take any excuse not to raise interest rates
In an interview on FXStreet, I spoke about the diminishing odds for a rate hike in June, the frustrating EUR/USD range, the next moves in GBP/USD with respect to the odds of a Brexit, the upcoming moves of USD/JPY and more. EURUSD remained practically unchanged after Non-Farm Payroll release. Where do you see the pair going … “Fed will take any excuse not to raise interest rates”
NFP Don’t Prevent US Dollar from Rising
The major event this week was the release of US non-farm payrolls. Yet it turned out to be not that impactful as it prevented the US dollar from logging weekly gains. Meanwhile, the Reserve Bank of Australia surprised markets, performing an unexpected interest rate cut. Non-farm payrolls showed a slower-than-expected increase of employment, weakening the dollar for a short while. Yet other parts of the report were decent, allowing the greenback to bounce … “NFP Don’t Prevent US Dollar from Rising”
Australian Dollar Slumps After RBA Policy Statement
The Australian dollar dropped today after the Reserve Bank of Australia released its Monetary Policy Statement that expressed a dovish outlook for developments in the Australian economy. The RBA statement released today was rather dovish. Among other things, the central bank revised down its inflation projections:   The broad-based nature of the weakness in non-tradables inflation and the fact that wage outcomes were lower than expected over 2015 has resulted … “Australian Dollar Slumps After RBA Policy Statement”
Dollar Weakens as Employment Growth Misses Expectations
The US dollar dropped against its major rivals after non-farm payrolls released today showed that employment growth was slower than markets had been counting on. Other parts of the report were not bad, helping to mitigate the impact of the negative indicator. US employers added just 160,000 jobs in April while experts had predicted an increase by about 200,000 according to non-farm payrolls. Moreover, the previous month’s … “Dollar Weakens as Employment Growth Misses Expectations”