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The FX market shifted its bias after the weaker than expected Retail Sales data for the US economy. The US dollar was weighed by the sluggish retail growth data and remains in consolidation against its major counter parties. More specifically, the USDJPY dropped to as low as 116...
The Asian session today saw AUD and INR strengthening after robust employment figures in Australia and the surprise 25bps rate cut by the RBI respectively. AUD/USD is up 1.07% at 0.8228,, while USD/INR is down 0.6000 points at 61.5900 US indices registered another negative close with Dow (-1...
On Thursday gold futures rose in Asian trade...
On Thursday Asian stocks mostly rose after a significant rebound in oil and copper prices brought a semblance of calm, while the dollar regained ground lost on disappointing U.S. retail sales...
The Australian dollar advanced on solid jobs data released Thursday that saw a surge in new employment and a downtick in the overall employment rate. Statistics Australia reported that 37,400 jobs were created in December, compared to 3,800 expected, while unemployment eased to 6...
Data showing a stronger-than-expected increase in financing last month triggered a jump in Chinese equities and prompted speculation that the sell-off in metals was excessive. Copper rebounded in base metals after slumping to the lowest in more than five years...
DUKE UNIVERSITY STARTS FORCED AMPLIFIED BROADCASTS OF THE MUSLIM CALL TO PRAYER FROM BELL TOWER NTEB News Desk | January 14, 2015 A WEEKLY CALL TO PRAYER FOR MUSLIMS WILL BE HEARD AT DUKE UNIVERSITY STARTING FRIDAY, SCHOOL OFFICIALS SAID “The sweetest sound I know is the Muslim call to prayer” –...
World Bank downgraded its global economic forecast citing weak prospects for the euro area and Japan. World Bank said global gross domestic product is expected to grow 3 percent in 2015, slower than the 3.4 percent estimated in June. For 2016, the economy is projected to expand 3...
Reported at 8:30am in the second or third week of the month the Producer Price Index (PPI) is a measure of the increase or decrease in the selling price received by US producers for their output...
January 14, 2014 Santiago, Chile Well at least someone finally had the candor to just come out and say it. In the wake of recent terror attacks in Europe, British Prime Minister David Cameron has called for an end to secure communications technology...
Hey Everyone, I’m a trader based in Sydney, Australia. If you look at my account history you’ll see some pretty horrible results from 2011-2013 while I was testing out some different systems and EAs...
AUD/USD: Avoiding this pair for now Open short positions of last week have been stopped out and for now this pair is being avoided. There are little changes compared to yesterday...
1. Background was weak at the time of entry 2. Enter in a low volume up bar near a down trendline 3. Exited on the trailing stop. There was a minor signal (the first dot), but I wait for 2 of those to exit...
The mexican peso rose to the highest price in almost a month again the US dollar and is among the best performers on Wednesday among Latin American currencies. The USD/MXN is falling 0.35% despite risk aversion. Stocks dropped in Europe and were falling in Wall Street. The Dow Jones was losing 1...
It seems the greenback is now taking a breather, with USD/CAD looking to stabilize in the 1.1965/70 area. USD/CAD down from 1.2020 After reaching multi-year peaks around 1...
Cex.io Halts Cloud Mining Operations over Weak Bitcoin Value Bitcoin cloud mining service provider Cex.io is no longer providing its services, thanks to the constantly falling prices and increasing mining difficulty, which are impacting their and their customers’ revenues...
On Wednesday financial and commodities markets slumped, as the World Bank reduced its growth forecasts for 2015 and 2016, fuelling worries that the benefits of cheaper oil may be offset by sluggish economies and the threat of deflation. The greenback fell 1 percent against the yen...
The biggest bank in the US, JP Morgan Chase, signalled it had to face a fresh wave of fines after incurring more than $1bn in legal charges in the last quarter of 2014...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, favours shorting EUR/USD, and further expects the pair to test 1.1640 levels heading into the ECB meeting...
The single currency recovers the 1.1800 handle on Wednesday, pushing EUR/USD from the 1.1740/30 band. EUR/USD stronger after US data The greenback is suffering the disappointment from December retail sales, which contracted 0.9% inter-month vs. -0...
