The US Federal Reserve System has not decided with the time of finishing the quantitative easing program (QE). Such a conclusion can be made after reviewing the published minutes of meetings of the Federal Open Market Committee. In a statement after the meeting said that the U.S. economy still needs a support. Almost all of the 12 members of the committee agreed that the time for change stimulating policy in the national economy has not yet come. Just a few committee members found at a meeting that it will soon come a time for some...
Trading psychology plays a crucial factor when it comes to trading and often is the biggest obstacle for traders to successfully manage. Many traders continue to lose money in forex because they fail to manage their own trading psychology. It is in our human nature that emotions are part of our daily life and often emotions guide actions. When it comes to forex trading it is a fatal mistake to allow emotions to guide trading decisions as this will in most cases lead to losses. When it comes to economic performance many developed economies...
Close ties of the Canadian dollar with the oil business makes CAD a favorite for traders who play on oil prices. And traders do not make a mistake in their affections: a historical correlation between the Canadian dollar and crude oil is too "personal", to say the least. "Canadian" is the epitome of the classic term "commodity currencies" and a perfect example of the correlation between the exchange rate and commodity prices. It is commonly thought that if oil becomes more expensive, the Canadian dollar...
Last week several big economies have reported their third-quarter GDP reports and the scorecard may not be what many have expected especially after the Japanese economy entered its second official recession in as many years. The Japanese GDP report showed a contraction of 1.6% in the third-quarter which followed a much steeper contraction of 7.3% in the second-quarter as compared to 2013. The Japanese recession was largely due to Abenomics as the economic policy of Prime Minister Abe is know. Germany reported its third-quarter expanded 1.2%....
On trading results of the beginning of the week, oil prices have adjusted. Brent for January delivery closed trading at about $ 72.8 per barrel. WTI crude oil rose up to $ 69.2 per barrel. Short-term growth has been driven by two factors. Note: At the time of publication the price of Brent oil is 71.17. Firstly, the speculators take profits. Second, Venezuelan Foreign Minister Rafael Ramirez told the newspaper "Panorama" said OPEC may convene an emergency meeting in the first quarter of 2015. According to preliminary data, the new meeting...
