In the immediate aftermath of Hilary Clinton’s resounding success during the first Presidential debate this week, the New Yorker ran a hilarious satirical post claiming that Trump would boycott any future debates in which his rival was also allowed to participate. This encapsulates the ego-centric nature of Trump’s campaign so far, in which brashness and … “How Will the Forex Markets React to the US Election”
Month: September 2016
USD/CAD: Trading the Canadian GDP
Canadian GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Friday at 12:30 … “USD/CAD: Trading the Canadian GDP”
OPEC Agreement To Prove Difficult To Carry Out; Oil
After the historic agreement to curb oil production has been announced, oil prices advanced. However, the skeptics are coming out quite quickly. Here is the opinion from Danske: Here is their view, courtesy of eFXnews: Following three days of negotiations in Algiers, OPEC may have reached agreement over a strategy to support a stabilisation of the … “OPEC Agreement To Prove Difficult To Carry Out; Oil”
Lykke – Blockchain-powered Exchange Coin Offering Doubles Number of
Lykke (lykke.com) is a new kind of decentralized exchange founded by Richard Olsen, who previously founded and was CEO of OANDA. Lykke’s goal is to be the single exchange for any kind of cryptographic token, whether it represents currency, commodities, equity, land, diamonds, or any other asset. The exchange has several unique features. The firm … “Lykke – Blockchain-powered Exchange Coin Offering Doubles Number of”
Lykke – Blockchain-powered Exchange Coin Offering Doubles Number of
Lykke (lykke.com) is a new kind of decentralized exchange founded by Richard Olsen, who previously founded and was CEO of OANDA. Lykke’s goal is to be the single exchange for any kind of cryptographic token, whether it represents currency, commodities, equity, land, diamonds, or any other asset. The exchange has several unique features. The firm … “Lykke – Blockchain-powered Exchange Coin Offering Doubles Number of”
Canadian Dollar Maintains Rally Caused by OPEC Decision
The Canadian dollar was rising during the Asian trading session on Thursday, managing to maintain the rally it started on Wednesday. The rise of the currency was caused by the news about a surprise decision by the Organization of Petroleum Exporting Countries to limit its crude oil production. As one could expect, the announcement of the production cut was welcomed by crude oil as the commodity demonstrated huge gains on Wednesday and continued to rise on Thursday. Usually, the Canadian currency has a strong … “Canadian Dollar Maintains Rally Caused by OPEC Decision”
Dollar Flat vs. Rivals, Down vs. Commodity Currencies
The US dollar was mostly flat against its most-traded rivals with the exception of commodity currencies which got a boost from the surprise news from the Organization of Petroleum Exporting Countries. The New Zealand dollar failed to join the rally of other commodity-related currencies, maintaining its weakness. Dollar bulls were hoping to hear some hints from Federal Reserve members about timing of the next interest rate cut, but so … “Dollar Flat vs. Rivals, Down vs. Commodity Currencies”
NZ Dollar Dips amid Quiet Trading
The New Zealand dollar dipped today against its major trading peers even though there were no apparent reasons for such poor performance of the currency. Yesterday, commodity currencies were supported by the outcome of the US presidential debates. Today, the currencies’ strength waned, and some analysts speculated that skepticism about possibility of a deal among major crude producers oil to limit output (which should buoy prices) is what … “NZ Dollar Dips amid Quiet Trading”
Pound Slides as BoE Deputy Governor Talks About Stimulus
The Great Britain pound slipped against the US dollar and the euro today as Bank of England Deputy Governor Minouche Shafik was talking about possibility of additional stimulus as soon as November. Shafik was speaking today. After the speech, she responded to the question about the possibility of monetary easing in November: If we have data prior to that which signals that stimulus is needed, we will obviously act on that. She … “Pound Slides as BoE Deputy Governor Talks About Stimulus”
EUR/USD: Trading the US Final GDP September 2016
US Final GDP is a key release and is published each quarter. GDP reports measure production and growth of the economy, and are considered by analysts as one the most important indicators of economic activity. A reading which is higher than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes for … “EUR/USD: Trading the US Final GDP September 2016”