• Click Here
  • Click Here
  • Forex Capital Markets | FXCM, LLC
  • ava fx
  • etoro
  • Marketiva Forex
  • Global Forex Trading
  • dukascopy forex trading
  • IBFX
  • www.Forex.com Gain Capital Markets
  • CMS Forex
  • Vantage FX
  • fxclub

Write for OnlineForexTrading

Home » Online Forex Trading Blog

Good Data Supports Fed, Raises Dollar

January 30th, 2014 by

Solid consumer spending and improving export data for the fourth quarter supported the Federal Reserve’s additional $10 billion tapering announcement on Wednesday. Investors will now have to consider rapid and regular tapering as a possibility in 2014. Equity markets had grudgingly prepared for the tapering and responded positively to today’s data.

Unlike 2012, the fourth quarter of 2013 did not disappoint. Gross domestic product gained 3.2 percent in the final three months after posting strong 4.1 percent growth in the third quarter. The 4th quarter results met analyst predictions and came despite volatile weather through much of the country. Indications are that the economy’s biggest driver, the American consumer, is back.

About the Author -

Hiland is a professional writer with extensive entrepreneurial experience. He is a graduate of St. George’s School Newport, RI and the State University of New York at Albany where he majored in history. He has been active in the real estate business for 30 years and has founded and sold several businesses. Hiland currently writes for several financial sites and is a published author of the novel The Last Parade. He has recently completed a manuscript for a children’s book entitled Sami and The Minnow Man.

Flight To Safety

January 24th, 2014 by

Investors continued to sell positions in emerging economies and sent global equities on a downward spiral as they turned to traditional safe havens in overnight trading. US equities were poised to endure another day in a week of deep hits after Thursday’s walloping. Currency markets also reacted unpredictably.

Surprisingly, the Canadian dollar held strong overnight after falling to a 4.5 year low on Thursday. Encouraged by rising inflation, a chief concern of the Royal Bank of Canada, the Loonie lowered against the USD to C$1.108 after hitting C$1.1099 on Thursday.

About the Author -

Hiland is a professional writer with extensive entrepreneurial experience. He is a graduate of St. George’s School Newport, RI and the State University of New York at Albany where he majored in history. He has been active in the real estate business for 30 years and has founded and sold several businesses. Hiland currently writes for several financial sites and is a published author of the novel The Last Parade. He has recently completed a manuscript for a children’s book entitled Sami and The Minnow Man.

Bank Of Canada Keeps Loonie Low

January 23rd, 2014 by

The Bank of Canada’s policy statement sank the Canadian dollar to 4.5 year lows as the central bank supported the policy by emphasizing lower values would help to boost Canada’s weakening export trade. The USD climbed to its highest level against the CAD since July 2009 at C$1,139. The Loonie has lost six percent against the USD, the euro and the British pound since October 2013 and five percent this year alone.

About the Author -

Hiland is a professional writer with extensive entrepreneurial experience. He is a graduate of St. George’s School Newport, RI and the State University of New York at Albany where he majored in history. He has been active in the real estate business for 30 years and has founded and sold several businesses. Hiland currently writes for several financial sites and is a published author of the novel The Last Parade. He has recently completed a manuscript for a children’s book entitled Sami and The Minnow Man.

Dollar Gains After Financial Shares Lag

January 16th, 2014 by

In a volatile day for currency markets, the USD made headway against the euro, yen, GBP, Aussie dollar and Loonie. Helped by more positive economic data, the dollar rebounded during the day after losing ground against the euro and yen in early trading. The dollar halted its assault at $110 vs. the Canadian dollar and posted significant gains aga8inst the Australian dollar.

About the Author -

Hiland is a professional writer with extensive entrepreneurial experience. He is a graduate of St. George’s School Newport, RI and the State University of New York at Albany where he majored in history. He has been active in the real estate business for 30 years and has founded and sold several businesses. Hiland currently writes for several financial sites and is a published author of the novel The Last Parade. He has recently completed a manuscript for a children’s book entitled Sami and The Minnow Man.

US Economy Gets Lift

January 14th, 2014 by

After digesting Friday’s dismal December non-farm payroll report, investors came out swinging on Monday. Profit taking sent all three major indices lower. But, Tuesday was a new day and with some stronger-than-expected consumer spending data, markets immediately turned north.

The strong December consumer spending report softened the blow of the December payroll report, which many analysts expect to be revised significantly upward in February. JPMorgan and Wells Fargo both posted solid quarterly results as Wells Fargo approached all-time highs and JPMorgan rose 0.07 percent to 57.75, the highest level since 2000. 

About the Author -

Hiland is a professional writer with extensive entrepreneurial experience. He is a graduate of St. George’s School Newport, RI and the State University of New York at Albany where he majored in history. He has been active in the real estate business for 30 years and has founded and sold several businesses. Hiland currently writes for several financial sites and is a published author of the novel The Last Parade. He has recently completed a manuscript for a children’s book entitled Sami and The Minnow Man.

Markets Non-Plussed By Sour Employment Report

January 11th, 2014 by

A sour US Labor Department non-farm payroll for December vibrated through global equity markets and gave the dollar reason to pause but the longer-term implications appeared tempered. Analysts had expected 196,000 new jobs created in the month but were rudely snapped to attention by the worst employment report in nearly three years. The economy only added 74,000 jobs in the month. November’s excellent report was revised upwards but ripples of uneasiness persisted.

By all accounts, this was a setback to the economy. Several analysts had gone as far to suggest 300,000 new jobs could be added. Blame was placed on the brutal weather that crossed the country, especially affecting the mid-West and Northeast.

About the Author -

Hiland is a professional writer with extensive entrepreneurial experience. He is a graduate of St. George’s School Newport, RI and the State University of New York at Albany where he majored in history. He has been active in the real estate business for 30 years and has founded and sold several businesses. Hiland currently writes for several financial sites and is a published author of the novel The Last Parade. He has recently completed a manuscript for a children’s book entitled Sami and The Minnow Man.

Dollar To Strengthen Versus Yen In 2014

January 6th, 2014 by

One year ago, the USD was at 86 yen. In early Monday trading, the dollar was at 104.71 yen. The USD – yen trade has been a volatile ride in 2013 and many analysts expect the dollar to strengthen in 2014 while the yen continues its downward slide.

The yen lost 20 percent or more to all major currencies last year. Meanwhile, the Nikkei posted record gains last year and the country, although still recovering from the devastating earthquakes, has an enviable jobless rate of 3.8 percent.

About the Author -

Hiland is a professional writer with extensive entrepreneurial experience. He is a graduate of St. George’s School Newport, RI and the State University of New York at Albany where he majored in history. He has been active in the real estate business for 30 years and has founded and sold several businesses. Hiland currently writes for several financial sites and is a published author of the novel The Last Parade. He has recently completed a manuscript for a children’s book entitled Sami and The Minnow Man.

Economic Data And Dollar Strong

January 4th, 2014 by

bernanke

US Car sales missed their mark but still recorded the strongest annual sales rate since the industry heyday of 2007. A late Thanksgiving weekend and brutal December weather in the Midwest and Northeast led to a disappointing close to 2013, a year in which US auto manufacturers still managed to sell 15.6 million new cars. Industry analysts had projected annual sales of 16.0 million.

In December, GM sales slipped 6 percent to 230,157 new cars. On the other hand, Ford sales rose 2 percent to 218,058 units. The F-series pickup truck closed the year as the best-selling vehicle in the US for the 32nd straight year.

About the Author -

Hiland is a professional writer with extensive entrepreneurial experience. He is a graduate of St. George’s School Newport, RI and the State University of New York at Albany where he majored in history. He has been active in the real estate business for 30 years and has founded and sold several businesses. Hiland currently writes for several financial sites and is a published author of the novel The Last Parade. He has recently completed a manuscript for a children’s book entitled Sami and The Minnow Man.

Canadian Dollar Outlook Negative

December 30th, 2013 by

The Canadian dollar has come under pressure in recent months as the Bank of Canada continues to face an uneasy housing market with a neutral policy and low interest rates. At the close on Friday, December 27, 2013, the loonie lowered against major currencies. Against the USD, the Canadian dollar was at 93.42 US cents. Against the euro, the loonie touched near a four-year low at C$1.4816.

There are a number of factors that point to weakness in the Canadian dollar. The Bank of Canada’s hesitancy to intervene is only one of the issues. In December, 2013, the Bank of Canada expressed little concern for the high levels of household debt which has been fueled by rising real estate prices.

About the Author -

Hiland is a professional writer with extensive entrepreneurial experience. He is a graduate of St. George’s School Newport, RI and the State University of New York at Albany where he majored in history. He has been active in the real estate business for 30 years and has founded and sold several businesses. Hiland currently writes for several financial sites and is a published author of the novel The Last Parade. He has recently completed a manuscript for a children’s book entitled Sami and The Minnow Man.

Upcoming AQR Boosts Euro

December 27th, 2013 by

As European banks prepared for the upcoming Asset Quality Review by the European Central Bank, demand for the euro against the dollar and the yen climbed substantially. Early Friday, the euro struck a five-year high against the yen for the second straight day. The euro also moved sharply upwards versus the USD, touching $1.3892, the highest mark against the dollar since October 2011 and up 0.8 percent for the day.

About the Author -

Hiland is a professional writer with extensive entrepreneurial experience. He is a graduate of St. George’s School Newport, RI and the State University of New York at Albany where he majored in history. He has been active in the real estate business for 30 years and has founded and sold several businesses. Hiland currently writes for several financial sites and is a published author of the novel The Last Parade. He has recently completed a manuscript for a children’s book entitled Sami and The Minnow Man.