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US Dollar Plummets Against Major Peers as Employment Data Misses Estimates
The US dollar plummeted against the euro and the British pound on Thursday, following a number of disappointing economic data that further confirmed a slowdown in the US economic growth. The greenback declined despite marginally stronger business activity in the United States, which failed to cancel the negative effect of today’s economic releases. The ADP […]
Canadian Dollar Ends Week Strongest amid BoC Hike Speculations
The Canadian dollar ended the week as the strongest major currency because the events during the week’s trading fueled speculations that the Bank of Canada will hike interest rates as soon as the next week. Markets considered the comments of BoC Governor Stephen Poloz as a sign that the central bank is ready to raise […]
It’s a Mill Pond of a Day leaving the Dollar on the Front Foot
It’s another quiet start to the week, with material macroeconomic data this morning being limited to German’s May trade figures, which will leave the markets with little else to consider other than Friday’s data out of the U.S and what’s scheduled for release for the week ahead, though it’s not just going to be down […]
Week Ahead – GDP out of US and UK in focus; Eurozone and Japan inflation due
Growth data are due from two of the world’s largest economies – the United States and the United Kingdom. Japan will also be releasing a flurry of data. United States A slew of data are expected from the US next week. The Personal Consumption Expenditure (PCE) price index is one of the most important indicator as […]
Forex News – Oil back in bear market after latest sell-off; Commodity currencies fall only modestly
Crude oil prices fell by 2% on Tuesday as investors continued to fret about the lingering oversupply, which is showing no sign of easing despite 6 months of output restrictions by major producers. The recovery in prices from the 2014-15 downtrend stalled in January when they peaked at 1½-year highs. WTI crude has since fallen […]
Sterling slides after Carney says now not the time for rate hike
The pound came under pressure on Tuesday after the Bank of England Governor, Mark Carney, appeared to rule out a rate hike anytime soon. Speaking at a breakfast event in Mansion House, London, Carney struck a more cautious tone than the surprisingly hawkish language used at the Bank of England’s policy meeting last week. Markets […]
Forex – Greenback slips lower vs. loonie in early trade
The U.S. dollar slipped lower against its Canadian counterpart on Thursday, after the release of disappointing U.S. jobless claims data, although declining oil prices limited the commodity-related Canadian currency’s gains. USD/CAD hit 1.3485 during early U.S. trade, the session lower; the pair subsequently consolidated at 1.3489, down 0.15%. The pair was likely to find support […]
Forex – Dollar remains broadly higher, Comey in focus
The dollar remained broadly higher against the other major currencies on Thursday, despite the release of disappointing U.S. jobless claims data as investors turned their attention to former FBI Director James Comey’s testimony to a Senate committee. Mr. Comey began his testimony by saying that, while he understood he “could be fired by a president […]
Tips to Find The Right Forex Broker Farm
Many people are interested these days in Forex Broking. And, anyone interested in Forex Broking needs to find a Forex Broker first. A Forex Broker is someone who acts like a connecting link who makes the traders reach the right forex market. It is absolutely impossible to do forex trading without the help of a […]
A Short Introduction to Forex
A Short Introduction to Forex Forex is the world’s largest and most liquid trading market. Many consider Forex as the best home business you can ever venture in. Even though regular people have had the opportunity to take part in trading foreign currencies for profit (in the same way banks and large corporations do) since […]