Forex - GBP/USD gains on solid U.K. retail sales, mixed U.S. data

The pound firmed against the dollar on Thursday after U.K. retail sales beat expectations, while a mixed bag of U.S. economic indicators prompted investors to avoid the greenback amid uncertainty over when the Federal Reserve will begin tapering its stimulus programs. Monetary...

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Philly Fed Index disappoints – dollar retreats a bit

The Philadelphia Manufacturing Index for August 2013 dropped all the way to 9.3 points. It was expected to slide from the high level of 19.8 to 15.6 points this time. The NAHB Housing Market Index advanced to 59 points. It was expected to remain unchanged. The score of 59...

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US jobless claims at new 5 year low, inflation steady – dollar higher

Weekly jobless claims dropped to 320K – a new low since January 2008. They were expected to stand on 334K, similar to 335K last week (marginally revised from 333K). Continuing claims dropped below 3 million to 2.969 million. They were estimated to slide back to the 3 million...

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EUR/USD Aug. 15 – Capped on the upside yet again amid thin liquidity

EUR/USD: managed to make an upwards move but was capped by 1.33 once again. The positive GDP numbers are still not digested by the markets. Most of Europe is closed today due to a bank holiday, making liquidity conditions thinner. The pair now relies on important US figures...

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British retail sales +1.1% – GBP/USD extends gains

The volume of retail sales rose by 1.1% (month over month). It was expected to rise by 0.7% in July, following a rise of 0.2% in June. Year over year, sales rose by 3% – a strong figure. Core retail sales also rose by 1.1%. GBP/USD was trading higher prior to the release,...

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What Crocodiles Can Teach You About Trading

Here in tropical Australia, the saltwater crocodile is a fearsome and intelligent predator known to wait patiently for days or weeks on end until unaware prey come to the water’s edge and become its next meal. Crocodiles are by many accounts the most successful animal that has...

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How The 80/20 Rule Applies To Forex Trading

Have you ever noticed that most of the money in the world is held by a relatively small minority of people? Or, how about that most people tend to work in short spurts of intense productivity followed by larger periods where they are less productive? There’s an underlying principle...

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Forex - EUR/USD gains as mixed U.S. data clouds timing of Fed tapering

The euro traded higher against the dollar on Thursday as investors digested mixed economic data and concluded that the Federal Reserve will likely keep dollar-weakening stimulus programs in place possibly through the end of this year. In U.S. trading on Thursday, EUR/USD was...

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Dollar mixed amid Fed tapering uncertainty

The dollar was mixed against the other major currencies in volatile trade on Thursday as U.S. economic data added to uncertainty over how soon the Federal Reserve may start to phase out its stimulus program. During U.S. morning trade, the dollar was little changed against...

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Forex - GBP/USD trims gains after U.S. data

The pound trimmed gains against the U.S. dollar on Thursday, after the release of positive U.S. data eased expectations for a near-term end to the Federal Reserve's stimulus program, lending support to the greenback.  GBP/USD pulled away from 1.5594, the pair's...

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Forex - EUR/USD hits session lows after U.S. data

The euro fell to two-week lows against the dollar on Thursday after U.S. economic data boosted expectations that the Federal Reserve will soon start to phase out its stimulus program. EUR/USD hit 1.3205 during U.S. morning trade, the lowest since August 2; the pair subsequently...

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