The Australian dollar rose today and is heading for the third weekly gain versus the greenback as today’s report expected to show that the US employment decreased. The analysts expect that today’s report would show decrease of the US payrolls by 63,000. The MSCI Asia Pacific Index of regional shares went up 0.3 percent, improving the prospects for the Australian exports. The Aussie’s gains may be limited by the subdued outlook for Australia’s economic expansion. AUD/USD … “Aussie Rises on Anticipation of Lower US Employment”
Author: admin_mm
Think Demo Trading Will Make You Successful?… Guess Again
Guest post from visionsofaffluence.com Demo trading. We are all familiar with it. We have all heard the advice of the experts that tell you that you should demo trade first in order to learn how to trade. Indeed demo trading is thought by many to be the path to trading success because by allowing people to … “Think Demo Trading Will Make You Successful?… Guess Again”
Japanese Currency Benefits from Increasing US Jobless Claims
The Japanese yen strengthened today the stocks dropped and the number of the jobless claims in the US rose more than expected, driving the investors to seek the safety of Japan’s currency. The analysts estimated previously that the jobless claims decreased last week. The actual figure shook the markets, as it demonstrated the increase by 19,000 to 479,000. The Standard & Poorâs 500 Index declined by 0.4 percent and the Stoxx Europe 600 Index went down 0.3 percent. The uninspiring … “Japanese Currency Benefits from Increasing US Jobless Claims”
Sterling Falls After Interest Rates Remained at Low Level
The Great Britain pound fell today after the central bank’s policy makers kept the interest rates at the low level, despite the concerns that the inflation may accelerate. The pound was rising the last month on the outlook that the budget cuts wouldn’t cripple the Britain’s economy. The outlook became less optimistic after the Bank of England left the benchmark rate at 0.5 percent. As Neil Mellor, the currency strategist at the Bank of New York Mellon Corp., … “Sterling Falls After Interest Rates Remained at Low Level”
Czech Koruna Weakens as Government May Curb Gains
The Czech koruna fell against the euro as the traders expect the government to weaken the currency to protect the nation’s exports and prevent the deflation. Against the greenback the koruna fluctuates between gains and losses after its slumped and then returned to the opening level earlier. The central bank’s policy makers expected to keep interest rates at the current on today’s meeting, which can be very dovish as the strong currency threatens the nation’s recovery. The nation’s economic recovery depends … “Czech Koruna Weakens as Government May Curb Gains”
South Korean Won Rallies, Will Government Intervene?
The South Korean won extended its gains for the fifth day after the macroeconomic data from the US eased the concerns about the global economic growth. The yesterday’s report showed that the conditions of the service industries in the US were better than estimated and the report today expected to show that the number of jobless claims decreased. The government may intervene to limit the currency’s gains, but this month the won may continue to rise. USD/KRW traded … “South Korean Won Rallies, Will Government Intervene?”
A Journal Entry A Day Will Keep The Margin Call Away
Guest post from visionsofaffluence.com If you want to be a successful trader then you are going to have to suffer. You will experience the highest highs and the lowest lows as you climb the mountain of trading success. On this journey there will be one skill that will be more valuable to you than all others, … “A Journal Entry A Day Will Keep The Margin Call Away”
Canadian Dollar Rises on Crude Oil & Employment Outlook
The Canadian dollar gained today as crude oil traded near its record levels and the Canadian employers added jobs for the seventh consecutive month according to the analysts’ estimates. Crude oil traded near $82.46 per barrel on NYMEX after it jumped to $82.97 per barrel, the highest level in almost three months. Crude oil is the main export for Canada. The analysts estimated that 12,500 jobs were added to the payrolls in the previous … “Canadian Dollar Rises on Crude Oil & Employment Outlook”
Video Midweek Update
In a midweek interview on Forex TV, I spoke with Julie Sinha about the current stabilization in price action, tension towards the Non-Farm Payrolls and potential breakouts in a selected currency pairs. Enjoy! Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Get the 5 most predictable currency … “Video Midweek Update”
Dollar Strengthens on Employment & Services PMI Reports
The US currency rose today against the euro and the Japanese yen after the reports showed that the US employers added more jobs than expected and the service industries expanded with increasing pace. The US non-farm payrolls increased by 42,000, as was reported by ADP Employer Services. The median forecast was the 38,000 growth. The non-manufacturing sector grew in July for the seventh consecutive month, as was shown by the non-manufacturing index, which registered 54.3 percent … “Dollar Strengthens on Employment & Services PMI Reports”