In a report, US Census Bureau said that U.S. Factory Orders fell to a seasonally adjusted -4.0%, from 1.9% in the preceding month whose figure was revised down from 3.0%.
Analysts had expected U.S. Factory Orders to fall to -2.6% last month.
Develop a habit of reviewing and analyzing
Develop a habit of reviewing and analyzing your good and bad trades. Then you will have a much better sense of what will work best in your future trades.
Trading is always full of emotions
Because trading is always full of emotions, you must have a trading strategy which includes a set of rules you stick to. This will help protect you from yourself.
software which aims at predicting future trends
While there are a lot of companies who make money by selling software which aims at predicting future trends, the reality is that if this software really worked, these companies would not be giving the secret away.
Trade wisely
There are many beginners who make trades in any direction. While there is a possibility to make profits both on the upside and downside of a trade, trading in the direction of the trend will give you the best chances for success
Invest in a good Forex trading education
The market is always changing and it may be hard to understand and keep up with these changes unless you invest in a good Forex trading education
Friday, 3 May 2013
U.S. Factory Orders falls more-than-expected
In a report, US Census Bureau said that U.S. Factory Orders fell to a seasonally adjusted -4.0%, from 1.9% in the preceding month whose figure was revised down from 3.0%.
Analysts had expected U.S. Factory Orders to fall to -2.6% last month.
ISM Non-Manufacturing PMI rises less-than-expected
In a report, Institute for Supply Management said that ISM Non-Manufacturing PMI rose to a seasonally adjusted annual rate of 53.1, from 54.4 in the preceding quarter.
Analysts had expected ISM Non-Manufacturing PMI to rise 54.0 in the last quarter.
Forex - EUR/USD down on U.S. data
EUR/USD was trading at 1.3058, down 0.05% at time of writing.
The pair was likely to find support at 1.3032, Monday’s low, and resistance at 1.3242, Wednesday’s high.
Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 165K last month, from 138K in the preceding month whose figure was revised up from 88K.
Analysts had expected U.S. non-farm payrolls to rise 145K last month.
Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8416 and EUR/JPY rising 1.18% to hit 129.47.
Forex - EUR/USD up on economic data
EUR/USD was trading at 1.3121, up 0.43% at time of writing.
The pair was likely to find support at 1.3032, Monday’s low, and resistance at 1.3242, Wednesday’s high.
Earlier in the day, official data showed that Euro zone producer price inflation fell to a seasonally adjusted -0.2% last month from 0.2% in the preceding month.
Analysts had expected Euro zone PPI to fall -0.2% last month.
Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.33% to hit 0.8439 and EUR/JPY rising 0.65% to hit 128.79.
Stephen Poloz named new Bank of Canada governor
The Bank of Canada has appointed Stephen Poloz as their new Bank of Canada governor.
Mr. Poloz, who up until now held the position of chief executive of Export Develoment Canada, the export credit agency, will be replacing Mark Carney, after the latter moved on to take new responsibilities as the new Bank of England governor.
According to an official statement released by the Bank of Canada; “After pursuing an exhaustive domestic and international search to find the best candidate for this important and challenging role, the Board ultimately found such an individual in Stephen Poloz,” said David Laidley, Chair of the Special Committee of the Board of Directors.
“Mr. Poloz has significant knowledge of financial markets and monetary policy issues and extensive management experience. We are confident Mr. Poloz will make an outstanding contribution to the work of the Bank and uphold its reputation as a leading central bank.”
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