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No matter how hard the dollar tries, its fundamental path is currently bound to underlying investor sentiment. This isn’t a unique relationship by any means.
Read more...Forex Strategy Outlook: Breakout Strategies Favored on Indecisive Currency Price Action
A drop in forex market volatility expectations suggests that currency moves may slow in the week ahead, limiting optimism on volatility-friendly Breakout and Momentum strategies. Yet a continued slide in the safe-haven US Dollar shows few signs of slowing amidst a major improvement in financial market risk sentiment.
Read more...IC Markets Launches DMA CFD Trading on webIRESS Plus
CFD trading provider IC Markets today announced the launch of its new Direct Market Access (DMA) CFD offering on the webIRESS Plus online trading platform. IC Markets is the first Australian CFD provider to offer the new webIRESS Plus trading platform to its clients.
Read more...USD/CAD: Trading the Bank of Canada Interest Rate Decision
Market participants speculate the Bank of Canada to deliver another 25bp rate this month as the economic recovery gathers pace, and hawkish comments following the interest rate decision are likely to spark a bullish reaction in the loonie as investors weigh the prospects for future policy.
Read more...World equities hammered overnight
Equities got hammered once again amid reports that the European banking system might not be as strong as investors had been led to believe in the wake of stress tests earlier this year.In late trading, the Dow Jones Industrial...
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