Everyone wants to adequately provide for their futures and an excellent way to do so is to invest your hard earned money in the stock market. Prospective investors, however, are typically intimidated by the market of buying and selling stocks, bonds, derivatives, foreign currencies and a plethora of other things in which to invest. Potential … “ForexSQ is the best source to learn about Forex trading”
Month: August 2016
EUR/USD: Trading the German ZEW Economic Sentiment
German ZEW Economic Sentiment is based on a monthly survey of institutional investors and analysts and their views of the German economy. A reading that is higher than the market forecast is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 9:00 GMT. Indicator Background … “EUR/USD: Trading the German ZEW Economic Sentiment”
NZ Dollar Shows Mixed Performance
Economic data released from New Zealand on Friday was a bit mixed, though mostly good. The performance of the New Zealand currency was mixed as well, as the NZ dollar gained on its US counterpart but fell versus the Japanese yen. New Zealand retail sales were up 2.3% in the June quarter from the previous three months, exceeding the forecast of 1.0% growth by a wide margin. Meanwhile, the BusinessNZ Performance of Manufacturing Index … “NZ Dollar Shows Mixed Performance”
Australian Dollar Halts Rally as Data from China Not Encouraging
The Australian dollar halted its rally versus its major rivals with the exception of the US dollar, against which the Aussie continued to rise. Today, moves of the Australian currency were driven mainly by news from China. Bunch of macroeconomic reports was released from China during the current trading session, including data on industrial production, fixed asset investment, and retail sales. All of them showed slower growth than in the previous … “Australian Dollar Halts Rally as Data from China Not Encouraging”
Crude Oil: Welcome to the Bull Market
– The bull relief zone held perfectly. – Oil prices are up 5.50% for the month and 3.90% for the week. – Even after very bearish OPEC production reports oil rallies 300 ticks. – We remain short – mid-term bullish on the commodity It´s pretty safe to say that we nailed the bull relief level. … “Crude Oil: Welcome to the Bull Market”
Australian Dollar Follows Movement of New Zealand Dollar
During the current trading session, the Australian dollar followed the moves its New Zealand counterpart, jumping intraday but trimming the gains later. The Aussie demonstrated basically the same performance as the kiwi during the Thursday’s session. Both currencies should have fallen due to dovishness of their central bank, yet both of them showed surprising resilience. As for news from Australia, the Melbourne Institute Survey of Consumer Inflationary Expectations fell from 3.7% … “Australian Dollar Follows Movement of New Zealand Dollar”
New Zealand Dollar Stages Unexpected Rally After RBNZ Cuts Rates
The Reserve Bank of New Zealand delivered an interest rate cut today, surprising basically no-one. Yet the New Zealand dollar reacted to the news in a very unexpected manner, surging after the event. While the currency has trimmed its gains as of now, it is still trading far above the opening level. The RBNZ reduced its key Official Cash Rate by 25 basis points to 2% at today’s policy meeting. Such decision … “New Zealand Dollar Stages Unexpected Rally After RBNZ Cuts Rates”
EUR/USD: Trading the UoM Consumer Sentiment
The University of Michigan Consumer Sentiment Index surveys consumer attitudes and expectations about the US economy. An increase in consumer confidence is a positive sign about the health of the economy and is bullish for the US dollar. Update: US Consumer Sentiment slightly misses with 90.4 Here are all the details, and 5 possible outcomes for … “EUR/USD: Trading the UoM Consumer Sentiment”
US Dollar Drops as Fed Rate Hike Slips Further Into the Future
US dollar is heading lower against most of its major counterparts today as the latest data reduces that chances that the Federal Reserve will raise rates in the near future. Global stocks are higher and commodities are gaining, and these are factors weighing on the greenback. The latest economic data relating to productivity has disappointed economists and analysts. There are indications that this could mean more weakness ahead … “US Dollar Drops as Fed Rate Hike Slips Further Into the Future”
RBNZ cut priced in, but fireworks could still be seen
In our special segment today we focus on the New Zealand dollar, with key events lined up. While a rate cut is priced in, Wheeler and his colleagues certainly have room to surprise with guidance or deeper cuts. In addition, New Zealand awaits key retail sales and employment data, both quarterly reports. The pair could … “RBNZ cut priced in, but fireworks could still be seen”