All the focus over the last few weeks has been on the EUR/USD cross as the EUR has strengthened on anticipation that the Eurozone may finally get their debt crisis in order and “risk on” currencies move to the forefront as “safe haven” currencies hit the sidelines. Well we now can turn our focus on…
Posts Tagged ‘ Other Forex Stuff ’
Forex Mirror Trading Platform announced by ACM Gold
ACM Gold uses the Tradency platform to introduce mirror trading for its MetaTrader trading platform. Traders can now follow others and copy their trades. The social forex space is seeing another expansion, joining many other similar announcements. More details are in the official press release below. Read the rest of the article Forex Mirror Trading…
USD/JPY: Trading the University of Michigan Consumer Sentiment
The University of Michigan Consumer Sentiment Index surveys consumer attitudes and expectations about the US economy. An increase in consumer confidence is a positive sign about the health of the economy and can help strengthen the US dollar. Thus, a reading that is higher than predicted by the markets will be bullish for the dollar.…
EUR/USD Oct. 10 – Struggling After Pessimistic IMF Report
EUR/USD remains under pressure after yesterday’s (Oct. 9th) sharp drop. There was more bad news for the euro, but this time from an unexpected source. The IMF published a report in which it reduced its forecast for global economic growth, and sounded the alarm over a possible breakup of the Euro-zone. The euro is also under pressure over market uncertainty as to whether Spain will…
Shifting sands
It’s not clear that FX markets have found their footing so far in the current quarter. Having seen such a dollar-negative trend in the run-up to the Fed’s QE announcement, the replacement is not yet clear. The dollar itself is now trading above the levels prevailing at the time of the Fed announcement (on DXY…