Sign The US Dollar may rise

Bullish  Trend For U.S. DollarThe preliminary set of July’s Eurozone CPI figures headlines the economic calendar in European trading hours. The benchmark year-on-year inflation rate is expected print at 0.2 percent, unchanged from the prior month.

The release seems unlikely to inspire meaningful follow-through from the Euro considering their limited implications for near-term ECB monetary policy. Indeed, the central bank appears effectively on auto-pilot as it continues to implement its €60 billion/month QE effort through September 2016.

US economic data will enter the spotlight in the day. The second-quarter Employment Cost Index report is in focus, where expectations point to a slight deceleration for a print at 0.6 percent compared with 0.7 percent in the three months through March.

US news-flow has increasingly outperformed relative to consensus forecasts recently, opening the door for an upside surprise. Such a result – particularly if it is bolstered by an upside revision on July’s University of Michigan Consumer Confidence gauge – stands to reinforce bets on an on-coming Fed interest rate hike following this week’s hawkish shift in FOMC rhetoric, boosting the US Dollar.

EUR/CAD Buying Pullbacks

EUR-CAD Buying PullbacksThe EUR/CAD pair broke higher amid the session on Thursday, as we keep on seeing the uptrend in this pair. The Euro has been breaking higher throughout the day, and accordingly it bodes well that we ought to keep on going higher. This likewise is aggravated by the way that the Canadian dollar keeps on battling. The unrefined petroleum markets are falling, and accordingly the Canadian dollar has no genuine backing as of right now. The pair has been breaking higher for quite a while, so this is simply straightforward continuation.

The 1.43 level being broken is a decent sign also, as the union was broken to discharge the purchasers. This pair ought to now go to the 1.45 level next, as it is resistance on the more drawn out term graphs. It is likewise the vast, round, and noteworthy number because of brain research of it.

Purchasing pullbacks

I am purchasing pullbacks in this pair, as the business sectors ought to keep on coming to more elevated amounts, yet there will likewise be a considerable measure of instability. Actually, the business sectors ought to keep on showwing instability, as we are unquestionably inclined to seeing it in the mid year, and particularly since the European Union has quite recently risen up out of such a great amount of inconvenience in Greece. There is obviously going to be a somewhat of a help rally, yet it could be more than that before it is all said and done. All things considered, Canada doesn’t take a gander right now.

I am not intrigued by offering as of right now, and to speak the truth would need to see this business sector fall the distance beneath the 1.3750 level with a specific end goal to do as such. The 100 exponential moving normal is only above there too, so this would be a break of a few specialized hindrances of backing. With this, I feel sure about the uptrend, and that it will proceed. Oil can just help right now too…

US Dollar Still Feeling the Pinch

US Dollar Still Feeling the PinchThe Euro had edged over the $1.10 level on Thursday, as FX dealers still consider deserting ship on the US Dollar. In the previous month, the US Dollar had surged about 5% against the Euro, yet this week its positive energy has blurred, with investigators communicating some carefulness that the year-long rally may be at long last coming to the end of its course. Indeed, even disregarding the solid probability that the Federal Reserve Bank appears to be set to raise premium rates, money strategists trust that probability has as of now been to a great extent calculated in.

As reported at 11:26 am (BDT) in London, the EUR/USD was exchanging at $1.0933, an addition of 0.60%, moving far from the session low of $1.0921 and back toward the day’s high of $1.1005. Against the Japanese Yen, the dollar was lower with the USD/JPY pair exchanging at 123.81 Yen, a loss of 0.12%.

Kiwi Lifted by RBNZ Surprise

Among monetary standards, the New Zealand Dollar encountered the most noteworthy development, with a 1.5% ascent after the Reserve Bank of New Zealand brought premium rates down to 3% from 3.25%; some FX brokers had been cheerful that the cut would be bigger given the RBNZ’s late talk. The Kiwi Dollar had as of late struck a 6-year trough and however the RBNZ had said that they were endeavoring to debilitate the coin, it appears that that sort of debilitating was an excessive amount to shoulder. The NZD/USD was exchanging at $0.6687, an increase of 0.70% and well off the session high of $0.6696.

Use Leverage with Realistic Attitude

single forex Like it or not forex trading business risk is very high. Most traders must have lost money. And worse, not only the capital loss suffered but will also be wiped clean if not very clever to take advantage of leverage.

To become a successful forex trader, trading suppose looking like a business in general. That is, the benefits still requires a process and time. Capital may not $ 50 you invest in your forex account increased to $ 20,000 in an instant. It is likely to remain there, but very few people are lucky like that. So do not rely on luck.

One of the advantages of forex investing is you can borrow as much money as you like from the broker to use this leverage facility. However, it is important to remember that borrowing money to trade will not only increase profits, but will also increase your losses. There is no universal rule to declare how much to borrow. Many new traders try to borrow more funds, if possible. And of course, it depends on the type of strategy used.

If you have a $ 10,000 trading account, most brokers will direct you to open a position with a minimum value of $ 500,000. If you buy a pair of the USD, the ratio is 50: 1. Position size is 50 times the size of your account.

Many new traders start with a small account balance. The same principle can be applied to a $ 100 account trading for $ 5,000. The position of the minimum allowed by the broker generally $ 10,000, but they still can provide tolerance for traders to open an account with $ 100.

Brokers do not mind giving loans because they know that 99% of clients who do this will be a loss. It is indeed true and realistic attitude and a real happening.

Treat forex as if a business. What goal? Another not to have a realistic attitude. Compare with the stock market or mutual funds. The average profit of the two types of investment is less than 10% per year. If you can make 30% per year on forex trading, it is higher than the stock or mutual fund! But, do not expect to generate $ 1,000 per month from your account that is only worth $ 100. This is almost certainly not going to happen, and ultimately went bankrupt.

Bullish Trend For U.S. Dollar

Bullish  Trend For U.S. DollarUS dollar up trend is in the spotlight today. The greenback rose to a seven-month high against the yen earlier Wednesday, while US dollar index, which monitors the value of the dollar against six major currencies, rallied almost four percent since early July respond to positive economic sentiment US On Tuesday, the index reached 82 930, highest level of the year, after experiencing weakness in the first four months was 1.2 percent.

Hope that differences in monetary policy will continue to widen US policy in Europe and the UK will push up the value of the dollar index investors in line with consideration for US interest rate hikes, according to Capital Economics.

“The dollar rose against other major currency pairs in one year. But we do not believe this rally will stop, look at the prospect of monetary policy considerations US and other countries, “wrote an analyst at Capital Economics.

“At the end of 2015, we predict the dollar will strengthen further against the euro to $ 1.25, $ 1.60 against sterling, and 120 yen,” they added. On Tuesday the greenback (dollar) trading at $ 1.3121 against the euro, $ 1.6584 and 104.81 yen against sterling.

Fueling speculation the Federal Reserve in mid-2013 when the institute issued a plan to slash its quantitative easing program. But the current implementation of the increase in interest rates remains uncertain.

Last month the Fed minutes showed some policy committee members want to raise interest rates when the economy looks repair. However, overall the other members feel the need to monitor the data further before action.
By contrast, Europe looks dovish policy. Estimates of the increase in interest rates by the Bank of England faded amid concerns that arise as a result of the weakening of the wage data, while the European Central Bank (European Central Bank – ECB) is expected to take a step easing quantitative easing.

“We agree with the overall market view on interest rates in the future in the UK respond to market expectations of growth recently. And we also agree with the general view that interest rates in the euro zone will remain at the lower threshold for the foreseeable future, “said Capital Economics.

“Nevertheless, we still feel that the investors were too optimistic about the outlook for interest rates in the United States and that the Fed will tighten monetary policy more aggressively than originally envisaged, along with the strengthening labor market that affect the appearance of upward pressure on wage inflation,” added analysts.
“Our view is that the dollar will go higher,” said Ray Attrill, head of FX strategy at National Australia Bank.
If the Fed indicates a more hawkish tone again at the next meeting, investors may begin to take into account the rise in interest rates in the second quarter of 2015 rather than mid-year, thus encouraging the strengthening of the greenback, he said. “The next Fed meeting will be a catalyst for further strengthening”.

However, he acknowledged the risks: “When the moon is a statement similar to the statement issued in June – when they repeat the wording then there is a risk that the initial curve moved to the United States will respond to price adjustment due to tightening plan in 2015 that has been done in the weeks later. ”

Standard Chartered’s Callow index predicts the dollar will rally until the end of the year, but the dollar is not going to give too good results against some of the major currency pairs Asia.
“Our forecast is $ 1.27 to the euro and 106 yen to the dollar-motivated by positive economic developments in the United States, compared with Japan and the euro zone,” he said. “What are the factors determining a fundamentally better.”