The ad space of Forex Crunch is successfully managed by FXStreet for quite a few years. The leading forex portal adds a substantial player to the network: TradingView. Here are all the details: With this deal, FXStreet is to handle non-exclusively the advertisement deals for TradingView worldwide. Barcelona, October 1st 2018 — TradingView is now … “FXStreet adds TradingView to the advertising network”
Author: admin_mm
5 signs of Bitcoin maturity that could push its price higher
Bitcoin is maturing, and there are five signs of this. This is good for price development in the medium and long terms. The BTC/USD is trading at the $6,000 handle, a third of the peak value in December 2017 but far above the prices of most of last year. Apart from the price swings, other … “5 signs of Bitcoin maturity that could push its price higher”
Risk Aversion Drives AUD to New Lows Despite Unexpectedly Widening Trade Surplus
The Australian dollar fell today, reaching a new low for the year against the US dollar, amid risk aversion on the Forex market. The unexpected increase of the trade surplus failed to support the currency. The Australian Bureau of Statistics reported that the trade balance logged a surplus of A$1.60 billion in August, up from A$1.55 billion in July. That was a surprise to market participants, who were expecting a decline to A$1.43 billion. Yet the positive data was … “Risk Aversion Drives AUD to New Lows Despite Unexpectedly Widening Trade Surplus”
Yen Firm amid Risk Aversion Caused by Outlook for Fed’s Rates
The Japanese yen was relatively strong today, gaining on riskier commodity currencies. Market analysts explained the currency’s strength by risk aversion caused by anticipation of higher interest rates from the Federal Reserve. If that is the case, it it surprising to see that the yen gained on the US dollar as well. Fed Chairman Jerome Powell said yesterday that the US central bank may raise rates beyond the neutral level. … “Yen Firm amid Risk Aversion Caused by Outlook for Fed’s Rates”
Brexit: Conservative Conference concluded, time for a climb down – GBP/USD long?
UK PM May repeated her message that no Brexit deal is better than a bad deal. She staved off the rebellion and had the mandate to change her policy. The GBP/USD is still on the back foot, but this can change. UK Prime Minister Theresa May delivered a successful speech in Birmingham. Contrary to the … “Brexit: Conservative Conference concluded, time for a climb down – GBP/USD long?”
Chinese Yuan Finding Direction on Record Household Debt, Stalling Manufacturing Growth
The Chinese yuan is struggling to find direction midweek after new data questioned if the worldâs second-largest economy is healthy enough to sustain its trade war with the US. Manufacturing growth stalled in September, household debt surged to a record high in 2017, and the government showed that it is willing to slash its import tariffs in the global trade dispute. After 15 months of expansion, Chinese factory sector growth … “Chinese Yuan Finding Direction on Record Household Debt, Stalling Manufacturing Growth”
Unexpected Drop of Building Approvals Hurts Australian Dollar
The Australian dollar fell today as building approvals fell in August unexpectedly. The positive market sentiment was unable to rescue the currency. The Australian Bureau of Statistics reported that the number of building approvals dropped 9.4% in August, month-on-month, after falling 4.6% in July (positively revised from the drop of 5.2% registered initially). Analysts were completely wrong with their predictions of a 1.0% increase. The seasonally adjusted Australian Industry Group Australian Performance … “Unexpected Drop of Building Approvals Hurts Australian Dollar”
Japanese Yen Falls on News About Italian Budget
The Japanese yen fell today as markets switched into a risk-on mode on the reports that Italy will change its budget plans to avoid clash with the European Union. The news were conflicting, though. Italy’s plans to approve a budget with a 2.4% deficit of gross domestic product drew heavy criticism from EU officials, and there were reports that the Italian government is going to reduce the deficit. Yet according to the most … “Japanese Yen Falls on News About Italian Budget”
Canadian Dollar Cannot Hold Onto Momentum in USMCA Aftermath
The Canadian dollar is trading lower on Tuesday in the aftermath of the historic trilateral trade deal between Canada, the US, and Mexico. The loonie could not sustain the momentum, especially as energy futures tumbled. The buck may now find short-term direction in this weekâs September jobs report and August trade data. On Sunday, the three nations struck a last-minute trade deal that abandons the North American Free Trade Agreement (NAFTA) in favor of the USMCA. … “Canadian Dollar Cannot Hold Onto Momentum in USMCA Aftermath”
A win-win situation for the loonie in the jobs report
The Canadian jobs report is expected to show an increase in positions after a downfall. The new NAFTA deal is a tailwind for the C$ and the BOC. It is almost a win-win situation for the loonie, barring a big surprise from the NFP. Canada publishes its jobs report for September on Friday, October 5th, at … “A win-win situation for the loonie in the jobs report”