Forex Trading Online

Canada February GDP in focus

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Ahead of the Canada February GDP data, the cross is trading higher with 0.30%gains. Since five straight sessions, the cross has been consolidating at lower levels. On the hourly chart, the pattern is clearly caught in a range between 1.4340 and 1.4220 levels. In case, if the Canada GDP comes below expectations, the cross likely  to spike […]

Dallas Fed President Kaplan: a disapp...

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Dallas Fed President Kaplan: a disappointing quarter US GDP. Economic growth outside the United States is expected to continue to fall. Fed should tighten policy gradually and patiently. Additional policy easing will lead to disorder. Spillover effects of China may affect the emerging markets and the United States. Reaffirming the 2016 economic growth outlook to […]

Where is the bottom of USDJPY?

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BOJ surprise decision strengthens the Yen further 2.5% at Thursday’s session. The bleeding still continues on early Friday’s Asia session as well. As of now preparing the article the price made low at 107.85 trading at a lowest point of the day. The greenback further weakened after the weak GDP data. JP Morgan Chase: The Fed […]

Gold recorded the highest since May 1...

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The precious metal rose more than 1.5% on Thursday’s session initially boosted by BOJ’s surprise decision and later weaker US GDP push the price to April 21st high. The world’s largest gold ETF – SPDR GOLD TRUST positions representing increase of 1.49 tons, an increase of 0.19%, to 804.14 tons. Goldman Sachs economist Zach Pandl […]

Australian dollar remains below 20Dsm...

Australian-Dollar-Bills

The commodity currency Aussie dollar  slightly rebounds after a large dent led by 1Q inflation on Wednesday’s session but still remains below 20Dsma. The weaker than expected US GDP and the USD index weakness adds strength to the cross on Thursday’s session but after the GDP data erased half of the earlier intraday gains  rejected […]

ECB executive committee Preat: negati...

ECB PREAT

ECB executive committee Preat: negative interest rates has been very effective. Interest rates can not be lowered invalid. Interest rates remain an integral part of the wider policy toolbox. If the inflation rate deteriorated significantly, we will further cut interest rates. More inclined to implement the new TLTRO. New TLTRO measures more favorable than before. […]