Guest post from visionsofaffluence.com There is one component of trading that is a necessity if you wish to become a successful trader and that is money management. With proper money management your trading potential is unlimited, without it you will fail. Too many new traders come into this business and focus only on how much money … “Your System Means Nothing… Unless You Master This Principle”
Author: admin_mm
Canadian Dollar Falls on Stocks & Commodities Decline
The Canadian dollar weakened today after the decline of the U.S. consumer confidence and the decreasing prices for commodities damped the appeal of the currencies tied to growth. The Conference Boardâs index of the U.S. consumers’ sentiment dropped to 50.4, compared to the median forecast of 51.3. The Standard & Poorâs 500 Index declined 0.3 percent. The S&P 500 rose previously by 0.5 percent and gained more than 8 percent since June 30th, while crude oil went … “Canadian Dollar Falls on Stocks & Commodities Decline”
Dollar Rises vs. Yen & Euro
The U.S. currency strengthened today against the euro and the Japanese yen as the macroeconomic indicators suggested that the U.S. economy is recovering. The dollar dropped versus the Great Britain pound. The report about the new home sales yesterday showed the unexpected surge to 330,000 in June from 267,000 in May. S&P/Case-Shiller Home Price index rose to 146.64 in April from 147.33 in May. Not all reports were favorable, though. The manufacturing index of the Federal … “Dollar Rises vs. Yen & Euro”
Fundamental Overview – Market Movers Last Week –
Guest post by ForexTraders.com Last week saw the U.S. Dollar again trade softer against most of the other major currencies. Also, commodity prices mostly gained, with crude oil gaining 3.9% to close at $78.98 per barrel, with a predictably positive effect on the Australian and Canadian Dollars. Nevertheless, the price of gold closed virtually unchanged at … “Fundamental Overview – Market Movers Last Week –”
Swiss Franc Falls as Stocks Rally and Recovery Continues
The Swiss franc weakened today versus the U.S. dollar and the euro as the U.S. and the European economies show signs of recovery, damping demand for the franc as the safe currency and drawing the investors to the riskier assets. The MSCI World Index of stocks and futures gained 0.3 percent. The economists, including Charles Plosser, the president of the Federal Reserve Bank of Philadelphia, think that it’s too early to talk about increasing the stimulus, which is already significant, by the Federal Reserve. … “Swiss Franc Falls as Stocks Rally and Recovery Continues”
Yen Weakens on Signs of Recovery
The Japanese yen declined today against the U.S. dollar and the euro as the signs of the economic recovery in the U.S. prompted the investors to leave the safe currencies in favor of the higher-yielding ones. The Dow Jones Industrial Average rose by 1 percent yesterday after FedEx Corp., the second-largestpackage-shipping company in the U.S., raised its earnings forecast for the quarter and for the year. The forecasts also suggest about improving consumer confidence in Germany and increasing number of the durable goods orders in the U.S. USD/JPY … “Yen Weakens on Signs of Recovery”
Loonie Rises vs. Greenback
The Canadian dollar went up today against its U.S. counterpart as the gains of the U.S. equities and the improving conditions on the U.S. housing market bolstered the currencies tied to the growth, including the loonie. The Canadian currencies declined somewhat versus the euro. The Standard & Poorâs 500 Index rose by 1.1 percent. The futures for crude oil, main Canadian export, traded near $78.99 per barrel after touching $79.30 per barrel on July … “Loonie Rises vs. Greenback”
Dollar Weakens as Risk Sentiment Improves
The U.S. dollar weakened today as the new home sales surged in the U.S. and the corporate earning increased, improving the appetite for the risk among the investors. The greenback fell versus most of other major currencies. The U.S. new home sales jumped in June to 330,000 (23.6 percent) from the revised May rate of 267,000. The U.S. house market was showing the awful values previously, and this improvement, while not unexpected, is much better than … “Dollar Weakens as Risk Sentiment Improves”
Yuan Strengthens and May Appreciate Further
The Chinese yuan strengthened today as the central bank kept its reference rate unchanged and after the stress test of the European banks failed to improve the confidence in the strength of Europe’s economy. Seven from 91 banks tested required to raise the combined â¬3.5 billion of capital, signaling that the recovery may be faltering. China’s economy continues to expand, in the same time, threatening to increase the inflation rapidly. More flexible yuan may help in this … “Yuan Strengthens and May Appreciate Further”
Rand Appreciates as Interest Rates Remained Unchanged
The South African rand extended its rally today for the fifth day as the prices for platinum and gold rose and the central bank kept the benchmark rate unchanged. The South African Reserve Bank kept the repurchase rate at 6.5 percent. This move wasn’t unexpected, but there were quite a few traders who bet on the rate cut. The high South African rates, compared to the rates in Japan (0.1 percent) and in the U.S. (0.25 percent), should … “Rand Appreciates as Interest Rates Remained Unchanged”