Along G20 meeting in Sydney that ended yesterday, forex market moves smoothly withouth any substantial surprises except some skirmishes between some brokers with their regulators. Price movements proceeded as usual with the chart commonly showed rugged terrains. They were preparing the ground for an interesting trading this week.
More and more brokers are coming out of the woods, which means competition are tighter than ever. There are challenges that have to be conquered in order to be able to survive.
Chairperson of an advanced countries' central banks might be much more important than president of a small country. In forex market, they are infinitely more powerful; central banks' governors statements has high impact on the direction of price movements. As is the case with Janet Yellen of US the Fed and Mark Carney of the Bank of England.
Bitcoin Foundation revealed that troubles experienced by two major Bitcoin exchanges are due to denial-of-service attack by an unknown hacker (or hackers). Is this the end for bitcoin?
Investing this morning reported that USD/JPY rose during Asian trading after Japan's current account deficit hit a record high in December. What is the meaning of current account deficit for price movements in forex market? We know that the term deficit generally has negative meaning, but what is it refers to?
The market experiences a sharper decline when expectations for positive news are high but go unmet. This phenomenon is not limited to the forex market; even the typically stable stock market is now displaying volatility.
Euro reached its lowest point since December 2013, and the GBP experienced a slip after attempting to maintain 1.6500. Will the bearish trend continue to worsen?
The Fed have decided on cutting further 10billion USD from their stimulus program. The move was already predicted ahead by the market, and resulted in a mixed trading afterward. USD noted slight moves against its major currencies counterparts. The only suprise on the block is Yen, which is strengthening amidst emerging markets panic. Is this a mark of new trend?
Despite the unsatisfactory NFP results, which raised concerns about the possibility of resuming tapering measures, certain Fed officials remain optimistic about the situation.
EUR/USD shot to the peak in almost 4 weeks after PMI releases by Markit Economics yesterday. Eurozone PMI was at its highest since June 2011. No less impressive is German PMI, the central player in the region. For several hours, the market forgets tapering which is going to be talked about in next week's FOMC meeting.
