ESMA is rolling out significant changes for forex trading in the European Union. What are the regulations? How will they impact trading? How can I prepare? This article aims to answer all these questions and more. What it is all about and what we think about it What are the regulations in general? The new … “Like leverage and trade in Europe? Changes are coming”
Author: admin_mm
Like leverage and trade in Europe? Changes are coming
ESMA is rolling out significant changes for forex trading in the European Union. What are the regulations? How will they impact trading? How can I prepare? This article aims to answer all these questions and more. What it is all about and what we think about it What are the regulations in general? The new … “Like leverage and trade in Europe? Changes are coming”
Euro Rallies Against US Dollar Despite Positive US Retail Sales Data
The euro today rallied higher against the US dollar despite the release of positive US advance retail sales data in the early American session. The single currency was on an uptrend against the greenback from the early European session following a resurgence in the selling pressure on the greenback. The EUR/USD currency pair today gained over 68 points to rally from a low of 1.2323 to a high of 1.2394 in the early American session. The euro’s rally against the US dollar … “Euro Rallies Against US Dollar Despite Positive US Retail Sales Data”
USD/JPY: 3 Reasons For Fuhrer Strength Towards 116 In Q3 – BofAML
USD/JPY moved higher and stalled near 108. Can it extend its gains further? Here is the view from Bank of America Merill Lynch. Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses USD/JPY outlook and maintains its bullish bias on the pair targeting more upside towards 112 in Q2 and … “USD/JPY: 3 Reasons For Fuhrer Strength Towards 116 In Q3 – BofAML”
US Dollar Ends Week Stronger vs. Safe Currencies, Weaker vs. Commodity Ones
The US dollar ended the week rather soft, gaining on safe currencies, but falling against other peers, commodity currencies in particular. Risk aversion abated on markets as the trade war between the United States and China was not escalating. In fact, China increased imports from the USA last month. That led to lower demand for currencies considered to be a safe haven, allowing the dollar to gain on the Japanese yen and the Swiss franc. The minutes … “US Dollar Ends Week Stronger vs. Safe Currencies, Weaker vs. Commodity Ones”
EUR/USD Declines Despite Positive Trade Balance Data, Later Rallies Briefly
The EUR/USD currency pair today dropped significantly despite the release of positive Eurozone trade balance data in the early European session. The currency pair reversed its decline after the release of US consumer sentiment data in the early American session, but could not rally back to its session high. The EUR/USD currency pair traded in a tight range between a high of 1.2346 and a low of 1.2306 for most of today’s session. The currency pair’s initial … “EUR/USD Declines Despite Positive Trade Balance Data, Later Rallies Briefly”
New Zealand Manufacturing PMI Slips, NZ Dollar Pays Little Attention
New Zealand manufacturing PMI fell last month, as was shown by the report released by Business NZ today, though that had limited impact on the performance of the New Zealand dollar. The currency rallied intraday but has retreated by now. The BusinessNZ Performance of Manufacturing Index fell from 53.3 in February to 52.2 in March. It was the second consecutive decline in 2018. The report was not entirely negative, though, as BusinessNZ’s executive director … “New Zealand Manufacturing PMI Slips, NZ Dollar Pays Little Attention”
Australian Dollar Gains as China’s Imports from USA Increase
The Australian dollar rallied today after the release of China’s trade data. The currency gained even as the nation’s central bank signaled that it is not going to raise interest rates in the near future. China’s trade balance showed a deficit of $4.98 billion in March, which was a total surprise to economists who were counting on a $27.1 billion surplus. The interesting part of the report was that, despite all the trade war rhetoric, … “Australian Dollar Gains as China’s Imports from USA Increase”
With all that support, no wonder USD/JPY is rising
The Technical Confluences Indicator shows that the USD/JPY has lots of support at around ¥106.80. This area is the convergence of the Fibonacci 38.2% one-week, the Bolinger Band 15m Lower (Stdv. 2.2), the SMA5-4h, the Bolinger Band 1h-Middle, the SMA200-1h, the SMA50-4h, and the Fibonacci 23.6% one-day. On the other hand, there are only weaker and sparser technical … “With all that support, no wonder USD/JPY is rising”
Euro Declines Against US Dollar on ECB Minutes and US Jobless Data
The euro today dropped significantly against the US dollar after the European Central Bank released the minutes of its latest monetary policy meeting. The single currency’s decline started in the Asian session due to the imminent risk of an escalation in Syria involving the USA and Russia. The EUR/USD currency pair today lost over 79 points to decline from a high of 1.2379 to trade at a low of 1.2299 at the time of writing. The currency pair’s decline started during the Asian … “Euro Declines Against US Dollar on ECB Minutes and US Jobless Data”