Archive for the Forex News Category
A Tax on Forex Trading?
By Adam Kritzer – On June 1, the Forex Blog reported that Brazil is considering a forex tax on capital inflows as a way of discourage the inflow of speculative capital that is causing the Real to appreciate. It turns out that Brazil is not alone; England and France, among others, are also mulling taxes [...]
Retail FX Trading Continues to Surge
By Adam Kritzer – Pretty much every brochure advertising forex trading highlights the fact there is no such a thing as a bear market in forex. Stocks, bonds, and commodities can all lose value simultaneously (as happened when Lehman Brothers declared bankruptcy in October 2008) but it’s impossible for all currencies to decline simultaneously. A [...]
Dollar fall eases: EUR/USD below 1.4100
By FXSTREET -
Markets in the U.S. ended the session with gains. The Greenback is attempting some recovery after an opposite rally that brought GBP/USD above 1.6600 and EUR/USD on top of 1.4100.
EUR/USD is now below 1.4100 again. The Dollar is recovering from early losses and after topping at 1.4174 (intra-day high). Now the pair is [...]
Watching Canadian Dollar
We are going to keep an eye on the Canadian Dollar today. The Bank of Canada’s governor is giving a speech today in New York and the text of the speech will be released at 13:35 EST.
Bank of Canada has released statements in the last few weeks that the recent strength of the Canadian Dollar [...]
Pound Rises On Higher Inflation Expectations, Commodity Dollars Soaring On Increased Chinese Investment
BY DAILYFX – The sterling continued to find support overnight reaching as high as 1.6490 after a BoE survey showed that consumer expectations for inflation rose to 2.4% from 2.1% for the next 12 months. Additionally, the NIESR GDP estimate showed that the rate of contraction for the economy has slowed in the three months [...]
U.S. Wholesale Inventories Decline in April
(ForexDistrict) – U.S. wholesale inventories declined for the month of April by 1.4%, according to data released by the U.S. Census Bureau. The decline followed a revised -1.8% the month prior, indicating the eight consecutive month of decline among this index.
Sales for the month declined 0.4% and are now 19.5% below the level a year [...]
