US Preliminary GDP measures production and growth of the economy and is one of the most important economic indicators. The Preliminary GDP report is the second of three reports released each quarter. A reading which is stronger than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes … “USD/JPY – Trading the US Preliminary GDP”
Month: August 2016
Turkish Lira Bounces After Earlier Drop
The Turkish lira rose a bit today after falling earlier on the news that Turkey launched a military strike in Syria against Islamic State militants. Turkey launched a military operation across its borders, aimed at driving off Islamic State militants as well as Syrian Kurds allied with Turkish separatists. Syria did not welcome the news, describing the action as a breach of its sovereignty. Yesterday, Turkey’s central bank cut its … “Turkish Lira Bounces After Earlier Drop”
South African Rand Tumbles Over Political Turmoil
The South African rand fell today as political turmoil in the country made the currency not particularly attractive to investors. South African Finance Minister Pravin Gordhan was summoned to police due to investigation into an alleged spy in the tax service. There are rumors that the actual reason for that was the conflict between the Prime Minister and President Jacob Zuma and Gordhan may even be arrested. The member of the opposition Democratic Alliance said … “South African Rand Tumbles Over Political Turmoil”
Jackson Hole , the Fed’s September decision and the
The end of August approaches and as many traders take their vacations, central bankers including Fed Chair Janet Yellen, gather in Jackson Hole, Wyoming. Will she hint about a move in September? How will the dollar react? Here are opinions from 3 banks: Here is their view, courtesy of eFXnews: Jackson Hole: Don’t Expect Guidance … “Jackson Hole , the Fed’s September decision and the”
How To Find the Best Managed Forex accounts service
At ForexSQ team I receive many emails about which Forex companies provide the best managed Forex accounts service, so in this article, I want to explain what is Forex managed account service and its advantages and disadvantages, I will show you also where you can find the best Forex managed account companies. A managed Forex account permits an expert manager to trade your … “How To Find the Best Managed Forex accounts service”
EUR/USD: Trading the German Ifo Business Climate
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 Business Climate”
Dollar Mixed as Traders Wait for Yellen & Jackson Hole Symposium
The US dollar was mixed today, rising against the euro (after the falling earlier), falling versus the Great Britain pound, and staying almost flat against the Japanese yen. The greenback also demonstrated mixed performance against commodity currencies. Traders’ attention is focused on the Jackson Hole symposium scheduled for the end of the week. Fed Chairwoman Janet Yellen will speak ahead of the meeting on Friday, and that is perhaps even more important … “Dollar Mixed as Traders Wait for Yellen & Jackson Hole Symposium”
US new home sales leap, but we’ve been here before
Sales of new homes in the US jumped to 654K in July. This is a leap of 12.4% month over month in this volatile indicator. However, also in yearly terms, this is very impressive: 31.3%. A level of 580K was expected, similar to the updated figure for June: 582K. In theory, this should be great news: a … “US new home sales leap, but we’ve been here before”
No Fed rate hike before December; a top in the
In an interview with FXStreet, we discussed the stakes of a rate hike in the US, oil prices, the “hated” equity rally and more. You can read the article in its original publication or here below: Which timeline will the Fed follow on their interest rate hike quest?? Contrary to some hawkish statements by some … “No Fed rate hike before December; a top in the”
Pound Firm During Tuesday’s Trading
The Great Britain pound was relatively firm during the Tuesday’s trading session. Analysts offer various explanations for the currency’s good performance. Some experts speculated that short sellers were taking profits after the huge slump that followed the Brexit announcement. Other specialists said that the recent string of positive macroeconomic indicators suggested that Britain’s economy remains resilient, discouraging market participants from excessive bearishness on the UK … “Pound Firm During Tuesday’s Trading”