Foreign exchange market
Forex. NZDUSD: N.Z. Dollar Rallies Versus U.S. Dollar Amid Higher Retail Sales In New Zealand
Tue, 17 May 2016 07:18:00 +0400
The retail sales in New Zealand showed some growth in Q1 2016. To be more specific, the bullish tendency was seen in most niches of the local retail sales sector to contribute to the overall increase of 0.8% seen over the reporting period relative to the previous one. This is confirmed by the local statistical agency.
Still, it is reported that the actual figures turned out to be worse than expected since the expert community had anticipated a 1.0% increase over the same reporting period. Also, we can see the pace of growth slowing down as the latest figures are clearly underperforming relative to the 1.1% increase seen in Q4 2015. As for the year-over year figures, there was a 4,8% increase, which is also a slowdown relative to the 5.3% growth seen over the previous reporting period.
For those of you who don't know, the retail sales index measures the retail sales volume across the country and indicates consumer spending. Index growth contributes to a stronger national currency.
On breaking the 0.7053 high, the currency pair is going to continue the current wave. The closest levels of resistance are Fibo levels 0.7154, 0.7219/20, 0.7314/23. A break below MF pivot 0.6574 as well as the bottom of the ascending MF sloping channel will put an end to the existing market bias.
Forex. USDJPY: Dollar Still Bearish Versus Yen After BOJ Meeting Minutes
The Bank of Japan seems to be positive on the current situation in the national economy. This is confirmed by the BOJ's April meeting minutes, Market Leader reports. Despite the fact that the central bank decided to revise the time period of reaching the inflation target, Mr. Kuroda assures everyone that this is the right monetary policy to pursue under the existing circumstances.
Publication date: 17 May 07:04 AM
PrimeTime Finance on Advantages of Going with EU-Regulated FX and Binary Options Brokers
When it comes to choosing a reliable FX or binary options broker, the trader should be guided by multiple criteria at a time. That said, one of the key criteria to keep in mind boils down to major licenses. The broker either has a license granted by a major financial regulator or hasn't one. If the latter is the case, you just cannot be 100% sure about security, reliability, and safety of your funds when it comes to trading with unregulated brokers. The thing is that unregulated brokers can make big yet empty promises and break them consistently without being punished for that whatsoever. In this case, non-market risks skyrocket to a point where your investments cannot be safe.
Publication date: 16 May 04:47 PM
SFX Markets Introduce TrueFX and FIX Trading Technologies
It is not a secret that we are living in a world of technology. Technology is everywhere, including today's financial markets. All of those technological innovations you can find in financial markets today are designed to makes trading faster, easier, more comfortable, secure, and efficient in terms of making more money.
Publication date: 12 May 08:40 AM
Forex Broker Rating - PrivateFX: 128% to 261% on PAMM Investing in 3 Months
Market Leader keeps on watching PrivateFX getting more and more popular with the international trading and investment community. The thing is, PrivateFX remains some of the greatest options on the Internet when it comes to promising investment opportunities.
Publication date: 11 May 06:43 PM
Nordhill Capital, Sponsors iFX EXPO International 2016
In late May, Cyprus is going to host another major Forex event. This is iFX EXPO International 2016. The forthcoming event already starts attracting attention of the international trading and investment community, including international banks, financial holdings, hedge funds, insurance companies, and investment funds as well as some of the best FX traders and analysts in the world.
Publication date: 04 May 10:06 AM
Masterforex-V Expo: Best FX Affiliate Offers. April 2016
Anyone has several moneymaking options to choose from when it comes to contemporary financial markets. First off, you can be personally involved in trading Forex or any other market out there and take 100% of the profit you have generated if you know how what you are doing. Alternatively, you can become an investor by trusting your money with talented traders and and capitalizing on their trading activities. Still, there is one more option to consider. To be more specific, you can become an affiliate (a partner) promoting various FX companies and generating the so-called leads for them. In this case, the brokers are willing to pay you generous fees.
Publication date: 02 May 11:35 AM
Forex. USDJPY: Japanese Yen Rallies Despite Lower Economic Growth Expectations by Reuters
The Japanese economy showed weak growth in Q1 2016. However, the results of the recent survey conducted by Reuters showed that Japan managed to avoid an economic recession this time. The economic growth in Japan has been curbed by weak demand as well as a relatively strong national currency. At least, this is what the respondents think on the matter.
Publication date: 02 May 10:22 AM
Forex. USDCAD: Canadian Dollar Rallies Amid Lower PPI In Canada
Canada's producer price index kept on going down in March, which is confirmed by the official stats released by Statistics Canada, the country's major statistical agency. It is interesting to note that the purchasing prices on raw materials increased over he same reporting period.
Publication date: 02 May 10:00 AM
Forex. NZDUSD: N.Z. Dollar Get Stronger After RBNZ's Monetary Policy Decision In April
The Reserve Bank of New Zealand is reported to have left its monetary policy unchanged in April 2016. Despite mild rhetoric of the central bank and the discontent with a strong national currency, the New Zealand Dollar continued its strengthening against the U.S. Dollar and some other major currencies out there.
Publication date: 02 May 09:34 AM
Experts On Powerful and Popular Forex Analytics By FXTM
In order to succeed in financial markets, each and every trader out there cannot do without these 3 things:
1- skills and expertise
2- a decent broker
3- high-quality analytics or data to analyze
Publication date: 29 April 07:35 PM
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