The Australian dollar was little changed after the release of the better-than-expected retail sales figure and the monetary policy statement from the Reserve Bank of Australia. Retail sales rose 0.6% in September from August. The increase was bigger than the predicted 0.4% and the August’s revised gain of 0.5%. The RBA left its monetary policy unchanged earlier this week and said in today’s statement that “at its recent meetings the Board judged that there … “Australian Dollar Little Changed After Retail Sales & RBA”
Month: November 2016
The History And Growth Of CFD Trading
Contract for difference or CFD is a term used in finance to denote a contract between two parties where the seller agrees to pay the buyer the difference between an assets value at the time of the contract and at the end of the contract. If the asset loses value, the buyer must pay the … “The History And Growth Of CFD Trading”
The History And Growth Of CFD Trading
Contract for difference or CFD is a term used in finance to denote a contract between two parties where the seller agrees to pay the buyer the difference between an assets value at the time of the contract and at the end of the contract. If the asset loses value, the buyer must pay the … “The History And Growth Of CFD Trading”
Pound Surges After UK High Court Ruling
Great Britainâs pound advanced against the euro to touch its highest level in several weeks after a court in the UK ruled that the government needs parliamentary approval before starting the process of leaving the European Union. The ruling means that the Brexit referendum is not constitutionally sufficient for the British government to leave the European Union on its own. However, the government is appealing on the basis that the referendum was only done once the House … “Pound Surges After UK High Court Ruling”
EUR/USD: Trading the US Nonfarm Employment Change
US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Published on Friday at 12:30 GMT. Update: Non-Farm Payrolls at … “EUR/USD: Trading the US Nonfarm Employment Change”
GBP/USD ready to rock on Carney? Two opinions
The British pound managed to stabilize after the big flash crash, but hasn’t taken full advantage of the dollar’s pre-election slide. But will the Bank of England unleash sterling’s potential? Here is their view, courtesy of eFXnews: GBP: BoE’s Carney To ‘Talk Up’ GBP On Thursday – Credit Agricole This week’s inflation report will attract … “GBP/USD ready to rock on Carney? Two opinions”
Canadian Dollar Falls as Oil Prices Sharply Decline
The Canadian dollar lost its gains against the US dollar earlier today as a drop in oil prices overshadowed uncertainty about the presidential election in the USA. The weekly report for the official US crude stockpile figures from the Energy Information Administration revealed that crude inventories rose by 14.4 million barrels for the week ended October 28, which is more than the increase in stockpiles reported by the American Petroleum Institute yesterday at 9.3 million barrels. … “Canadian Dollar Falls as Oil Prices Sharply Decline”
FOMC slightly hawkish – Two opinions
The Fed made its best effort not to rock the boat, but perhaps took a small step towards raising rates in December. This is one of the reasons for a potential greenback comeback. Here are two explanations about why Yellen and her colleagues took a hawkish step: Here is their view, courtesy of eFXnews: Nov FOMC: A … “FOMC slightly hawkish – Two opinions”
US Dollar Hits Its Lowest in 3 Weeks Less Than a Week Before Election
The US dollar fell on Wednesday against most of the major currencies, including the euro, yen, and sterling ahead of the US presidential election that runs on November 8. The political tension in the USA is reducing tradersâ appetite for the nationâs currency as Republican presidential candidate Donald Trump moves closer in polls to Democrat Hillary Clinton after the FBI said last Friday that itâs opening an investigation into more emails related to Hillary Clintonâs … “US Dollar Hits Its Lowest in 3 Weeks Less Than a Week Before Election”
NZ Dollar Gets Help from Surprisingly Good Economic Data
The New Zealand dollar rallied today, getting help from surprisingly positive domestic macroeconomic reports. Basically all economic data was good and even better than expected. Inflation expectations for the next two years were at 1.7% in the December quarter, virtually unchanged from the September quarter. The number of jobs rose by 1.4% in the September quarter from the previous three months, more than two times the forecast increase by 0.6%, as employment … “NZ Dollar Gets Help from Surprisingly Good Economic Data”