September 2017 – Page 3 – News of the Planet of Investments

NZ Dollar Under Pressure from Election Outcome, Poor Data

The New Zealand dollar fell for the second consecutive day today, driven down by the outcome of the weekend general election as well as today’s macroeconomic data that was extremely poor. The ruling National party gained the most of the seats in the parliament after the election that took place on September 23, but failed to secure a clear majority, resulting in a hung parliament. The New Zealand trade balance turned from surplus in July to a deficit of NZ$1.2 billion … “NZ Dollar Under Pressure from Election Outcome, Poor Data”

Euro Falls for Second Day After German Election

The euro fell today, retreating for the second day in a row, as the inconclusive outcome of the German federal election over the weekend led to political uncertainty in Europe. Christian Democratic Union party of German Chancellor Angela Merkel won the election, as was widely expected, but gained just a third of votes — the worst result in almost 70 years. Their main opposition Social Democratic Party was the second, but had the worst result on the record. At the same … “Euro Falls for Second Day After German Election”

EUR: Less Favorable Outcome Of German Election EUR Negative

The German elections yielded a fractured parliament and that sent the euro down. The team at BTMU analyzes: Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes that the EUR has weakened during the last trading sessions following the more unfavorable result of German elections. “As widely expected Angela Merkel won her … “EUR: Less Favorable Outcome Of German Election EUR Negative”

EUR/USD: Is 1.20 The New 1.15 For ECB? – Nordea

EUR/USD was hit by the German elections, but still remains in the high range. The key mover remains the European Central Bank. What’s next for the euro? Here is their view, courtesy of eFXnews: Nordea FX Strategy Research notes that every time EUR/USD has traded at 1.20, we get a leak or a comment from the … “EUR/USD: Is 1.20 The New 1.15 For ECB? – Nordea”

Brief history of Bitcoin [Infographic]

Bitcoin and blockchain technology are gaining more and more traction. How did it all begin? The infographic below provides a brief overview of the cryptocurrency: Get the 5 most predictable currency pairs

Brief history of Bitcoin [Infographic]

Fundamental Traits of a Solid Strategic Trader

Prior to starting off on a trading journey, it is crucial to recognize how to take advantage of your strengths to leverage challenges and become a successful and productive trader. For a strategic trader, having ambitions and high standards plays an important role in obtaining high focus and precision when observing the markets in order … “Fundamental Traits of a Solid Strategic Trader”

Fundamental Traits of a Solid Strategic Trader

Euro Fails to Profit from Positive PMI Readings

The euro failed to garner support from the very positive macroeconomic reports released today. The currency attempted to rally intraday, but failed to do so, and is now trading near or below the opening level against most of its rivals. Markit released preliminary reports for manufacturing and service industries in Germany, France, and the eurozone in general. All of the Purchasing Managers’ Indices were higher in September compared to August. What is more, all of them … “Euro Fails to Profit from Positive PMI Readings”

US Dollar Weakens on Lingering Geopolitical Risks and Lackluster Data

The US dollar moved lower against the euro and the Japanese yen on Friday after an exchange of threats continued between the United States and North Korea. Todayâs economic releases provided the greenback little support as the US manufacturing activity edged marginally higher while activity within the services sector dropped. The geopolitical tension between the United States and North Korea reached a new level today after the isolated Asian nation threatened to detonate a hydrogen … “US Dollar Weakens on Lingering Geopolitical Risks and Lackluster Data”