Guest post from visionsofaffluence.com You got to know when to hold ’em, know when to fold ’em Know when to walk away, know when to run These are the lyrics to what many consider to be a great song, The Gambler by Kenny Rogers. Despite the obvious poker reference the message in these lyrics contains knowledge … “What Kenny Rogers Can Teach You About Trading”
Author: admin_mm
Swiss Franc are Heading to Parity with Dollar on Swiss GDP
The Swiss franc is heading to the parity with the US dollar as the pace of Switzerland’s economic growth was faster than the economists estimated. The currency also gained against the euro. The Swiss gross domestic product grew by 0.9 percent in the second quarter of this year, following the 1.0 percent advance in the previous quarter. The median estimate was the 0.8 percent growth. Now, as the threat of the deflation considered being gone and the Swiss National Bank is … “Swiss Franc are Heading to Parity with Dollar on Swiss GDP”
Chilean Peso Goes Up as Demand for Copper Increases
The Chilean peso rose today as the outlook for the exports of the raw materials improved after the US and China reported about the better-than-expected growth of the manufacturing. The MSCI World Index of stocks climbed as much as 2.8 percent after the US ISM PMI advanced from 55.5 to 56.3 in August. December delivery for copper, the main export of Chile, rose 3.3 percent to $3.481 per pound on the COMEX. USD/CLP fell from 496.75 to 496.50 today as of 10:04 GMT. … “Chilean Peso Goes Up as Demand for Copper Increases”
Aussie Benefits from Australia’s GDP, US & China’s Manufacturing
The Australian dollar strengthened today as the pace of Australia’s economic growth was fastest in three years and after the reports showed that the manufacturing in the US and China expanded faster than predicted. The Australian gross domestic product rose 1.2 percent from March to June compared to the 0.7 percent growth in the previous three months, beating the economists’ forecasts of the 0.9 percent growth. The US ISM PMI grew from 55.5 in July to 56.3 in August. … “Aussie Benefits from Australia’s GDP, US & China’s Manufacturing”
USD/CAD Falls on Improving Risk Sentiment, May Decline Further
The Canadian dollar rebounded today as the improving risk appetite pushed the stocks and crude oil higher and increased the appeal of the currencies linked to the economic growth. The MSCI World Index rose as much as 2.6 percent. October delivery for crude oil went up as much as 3.5 percent to $74.48 per barrel on the NYMEX. The risk sentiment improved after the manufacturing in the US and China expanded with faster pace in August. The US Manufacturing ISM Report on Business … “USD/CAD Falls on Improving Risk Sentiment, May Decline Further”
Rand Rebounds as Manufacturing Expands
The South African rand rebounded today from the monthly low after the local manufacturing expanded for the first time in three months and as the economic data from Asia was better than expected. The South African seasonally adjusted purchasing managersâ index rose to 50.3 in August, from 49.5 in July. The reading above 50 indicates the growth. The manufacturing accounts for about 15 percent of the nation’s economy. USD/ZAR dropped from 7.368 to 7.305 today … “Rand Rebounds as Manufacturing Expands”
How to Stop Following the Dumb Money in Forex
If you want to achieve forex success and profits you need to stop following the dumb money, which represents the majority of traders. You need to follow the patterns of the small percentage of traders who are dominating this market in terms of profits. These traders are cold, calculated killers who have studied the rest … “How to Stop Following the Dumb Money in Forex”
Dollar Falls on PMI and Fed Meeting Minutes
The US dollar fell today against the euro and the Japanese yen as the Chicago Business Barometer fell more than estimated and on the signs that the Federal Reserve won’t raise the interest rates. The Fed also failed to provide the clear plan to add more stimulus to support the US economy. The Purchasing Managers’ Index posted the figure of 56.7, down from 62.3 in the previous month and less than expected. The minutes of the Fed policy makers’ meeting suggested … “Dollar Falls on PMI and Fed Meeting Minutes”
Will Foreign Forex Brokers Get “Gambling” Classification
The new CFTC rules consist of 50:1 leverage decision as well as many other regulations for the industry. But there might be one big hidden rule: US clients won’t be able to open accounts with foreign brokers. This can be implemented by assigning the notorious 7995 credit card classification to foreign brokers – preventing American … “Will Foreign Forex Brokers Get “Gambling” Classification”
Swiss Franc at Record High Against Euro
The Swiss franc reached the record high level against the euro and the highest level since January 11th versus the US dollar today after the report showed the growth of the local consumption and as the demand for the safe haven increased the appeal for the franc, which is considered the safe currency nowadays. Adam Cole, head of global foreign-exchange strategy at the Royal Bank of Canada, said that the demand for the safe haven “is as usual, spilling over to the franc” and added: … “Swiss Franc at Record High Against Euro”