Forex-dollar Limited By Investors Fears On U.s. Budget Impasse

So far this week, it is up a mere 0.1 percent. Other U.S. figures out on Thursday, including a worrisome decline in consumer prices, underscored the Fed’s reluctance to slow down its money-printing press. Since the surprise decision last week and following a string of speeches by Fed officials, markets are no clearer on when the Fed will eventually taper its stimulus. Three top Fed officials said on Thursday the central bank had confused markets over its policy outlook.

The euro fell against the dollar after Italy’s ongoing political crisis flared up and threatened to topple it shaky ruling coalition. The euro was down 0.2 percent at $1.3498. Against the yen, the dollar was up 0.2 percent at 98.72 yen but still not far from a one-week low of 98.27 yen touched earlier in the day. Large options expiries were reported at 95.0 yen, 99.0 yen and 100.0 yen.

The broker also provides excellent user-friendly learning with its online trading and educational products. Nonetheless, it has carved a niche for its easy to understand tools in training, analytics and education. With more than 650 employees worldwide, Forex Club has made funding of traders’ accounts and withdrawing money easy and fast at the same time with various payment options. Writing about the legal compliance by Forex Club, a reviewer at ForexMinute says, The broker’s priorities are to conduct business in strict compliance with current regulatory requirements of the markets and norms set by the governments in various countries. The broker also provides attractive opportunities for financial institution, professional trader, Forex seminar organizer, money manager and others to become partner and receive comprehensive exposure it brings along. About ForexMinute, the world’s leading Forex news and views portal, has become a one-stop solution provider for Forex traders and brokers as well as Bitcoins news. It provides all the required tools to individuals should i buy soxs etf right now? to become a professional Forex trader.

Forex Strategy: EUR/GBP and AUD/USD in Play

A stop-loss will be triggered on a close below 0.8847. See the latest AUD/USD Technical Analysis update here . Want to learn how to invest in big-picture macro FX market trends? Take a look at this video on currency baskets .

Forex – USD/JPY falls despite decent CPI data

dollar on Thursday, as the release of disappointing U.S. economic growth data weighed on demand for the greenback amid ongoing speculation over the future of the Federal Reserve’s stimulus program. EUR/USD hit 1.3485 during European afternoon trade, the session low; the pair subsequently conslidated at 1.3499, shedding 0.20%. The pair was likely to find support at 1.3338, the low of September 18 and resistance at 1.3544, the high of September 23.

ForexMinute Reviews and Recommends Forex Club for its Zero Spread Trading

A core tenant of Prime Minister Shinzo Abe’s efforts to rejuvenate the economy has been an ambitious goal of engineering inflation of at least 2% in two years. While some members of the Bank of Japan and other Japanese policymakers have said 2% inflation in two years will be a hard goal to reach, Friday’s CPI numbers may serve as another sign that Abenomics, albeit slowly, is working. Abe’s plan to raise sales tax in Japan also remains in focus. Next week’s tankan survey from the Bank of Japan is seen as crucial to Abe’s plan to push through the tax hike.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s