Who do you think is going to have the tougher task of convincing the markets that rates are going to stay lower for longer? The pound has managed to finally catch a bid on the back of the release, but does visit the site it have the momentum to stay there? The biggest problem with sterling positions this year is that everyone is in love with it, and they are all caught the same way long GBP. Through 1.6355 on the downside, it could create further short-term panicking. Nowotnys Crystal Ball Fuels Euro Bids The EURs better bid witnessed this morning has more to do with the European Central Bank governing council member Ewald Nowotnys optimistic take on the economy rather than the Eurozones November Industrial Production (IP) headline, which rose at the fastest pace in three and a half years (+1.8% month-over-month and +3% year-over-year).
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The loonie was pressured lower by expectations that the Bank of Canada will stick to its dovish stance on rates at its upcoming policy meeting after a recent series of weak economic data sparked doubts over the economic outlook. In the week ahead, Wednesday’s rate statement by the BoC will be in focus, while U.S. data on jobless claims and home sales will also be closely watched. Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets. Monday, January 20 Markets in the U.S. are to remain closed for the Martin Luther King Day holiday.
Forex – USD/CAD weekly outlook: January 20 – 24
The program shows investors things such as three advanced custom programmed indicators with proprietary formulas that generate extremely accurate trading calls allowing them to make consistent profits and a great deal more, Mike W explains. Forex Edge Model offers non-repainting indicators, shows why one must follow the trend and be consistent, and emphasizes only taking high probability trades. These are just three of the reasons why many choose this program when they wish to try their hand at Forex investing. Countless have used it with great success and any new investor can do the same with the help of the program, Mike W proclaims.
Forex: USD/CHF Technical Analysis – Flirting with 0.91 Figure
Finance Trading The data breach that has gotten many consumers skittish about using their cards and hurt retailer Target Corp.’s reputation and sales may be traced to a nearly 17-year-old Russian who authored the malware … MarketWatch “Everyone in this country should assume that their personal information is already compromised,” says one expert. CNBC Bank of America Corp. wont face damages claims related to its 2009 Merrill Lynch acquisition in a lawsuit filed by the New York Attorney Generals Office.
Forex – USD/CHF weekly outlook: January 20 – 24
On the other hand, my ECN broker charges me about $2.5/100K, so a mini lot (10K) only costs me about $0.25 to get in and $0.25 to get out ($0.50 total). A micro lot (1K) only costs about $0.05 to get in and out. So my ECN broker is way cheaper (they have normal accounts as well, which have very low spreads for those not looking to make the transition to ECN just yet). During active times, such as during the US and London session the spread is typically around 0.1 pips (and quite often 0 pips); if you open a demo account and take a few trades youll see what a massive advantage it is not having to be concerned about the spread. When dealing with an account less than $10,000 (and especially $1000 and under) always make sure you have the ability to trade micro lots, also referred to as 0.01 lots.
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Analysts had expected the index to rise to 83.5. Earlier in the week, data showed that U.S. retail sales posted a larger than expected gain in December. The data indicated that while the recovery in the U.S. remains uneven, the economic outlook is continuing to improve.