The world’s most popular pair must be losing some of its popularity. For a long period of time, EUR/USD is trading in a relatively narrow range. And this is not the first time this happens in recent memory. While some like range trading, the scarce number of pips to be made and the choppy nature make the pair unattractive … “About the frustrating narrow range of EUR/USD”
Month: August 2016
Beware Of A Short Squeeze In GBP/USD And A Spike
The US dollar is on the defensive with a string of poor data. Can this turn into a bigger move? Here is the view from SocGen: Here is their view, courtesy of eFXnews: The US economy is still trundling along at a 2%-ish rate, unable to deliver an investment-led acceleration but unlikely to see these … “Beware Of A Short Squeeze In GBP/USD And A Spike”
Euro Mostly Higher, But Losses Could Be Coming
Euro is mostly higher today, but losses could be coming. Against some of its major counterparts, the euro is gaining ground, even though the 19-nation currency is down against the US dollar. However, recent data hasn’t been positive enough to rule out more stimulus from the ECB, and that means potential losses for the euro in the medium to long term. Today, the euro is doing reasonably well … “Euro Mostly Higher, But Losses Could Be Coming”
FIX API with every cTrader account announced by Spotware
Financial software provider Spotware Systems announces a new feature: FIX API, upping its game for brokers using its platform as well as for traders. Here is the information from the press release: Limassol, Cyprus – August 1, 2016 Today Spotware Systems announce the introduction of FIX API credentials with every cTrader account by default, marking … “FIX API with every cTrader account announced by Spotware”
Greenback Gains Ground After Last Week’s Losses
US dollar is gaining some ground today, improving following last week’s losses. Forex traders are looking ahead to Friday’s nonfarm payrolls, and there are still expectations that the Federal Reserve may raise interest rates by the end of the year. Last week was rough for the greenback against its counterparts in Forex trading. The dollar lost a lot of ground with the release of disappointing GDP data for the second quarter. Today, … “Greenback Gains Ground After Last Week’s Losses”
Pound Goes Down as UK Manufacturing PMI Revised Lower
The Great Britain pound moved lower against its major rivals during Monday’s trading as the nation’s manufacturing sector contracted in July even more than had been previously estimated. The revised Markit/CIPS manufacturing Purchasing Managersâ Index dropped to 48.2 in July from 52.4 in June, below the flash reading of 49.1. It was the lowest level since February 2013. The data reinforced the view that the Bank of England should cut … “Pound Goes Down as UK Manufacturing PMI Revised Lower”
Chinese Yuan Lower vs. US Dollar
The Chinese yuan fell against the US dollar today after mixed economic data from China released over the trading session. China’s services Purchasing Managers’ Index rose from 53.7 to 53.9 in July according to the government data. Meanwhile, the official manufacturing PMI declined from the neutral level of 50.0 to 49.9, indicating a small contraction. At the same time, the private Caixin manufacturing PMI demonstrated an opposite behavior, rising from 48.6 … “Chinese Yuan Lower vs. US Dollar”