The Bottom Line Even after you decide to trade live, demo trading can be very valuable. Many successful traders will test strategies and set-ups on.
Video US Retail Sales Set for Increase? - Banc De Binary Ahead of the Week Report 8/9/ - 12/9 2014 (Forexworld box tracking)
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In the USA, new home sales dropped 1.6 percent to a 313, 000 annual pace, from a rate of318,000 in the January, figures from the Commerce Department showed.The yen increased the most since August after Japan reported a trade surplus for last month.The yen rose against the US dollar amid speculation that the Japanese central bank will booststimulus and increasing concern about slowing economic growth which is spurring investorappetite for safer assets. The Japanese Yen was last trading at the levelof 82.32, which is a decrease of -0.24%. The Canadian dollar decreased for a thirdstraight week, in its longest decline since August as a rally in higher risk assets slowed,increasing demand for safe haven currencies, including the Japanese yen and the US dollar.The Canadian Dollar was last seen trading at the level of 0.9974, which is a decreaseof -0.18%. The British Pound strengthened after datacoming out of the United Kingdom showed that inflation slowed less than economists estimatedin February as consumer prices rose 3.4 percent from a year earlier.The British Pound was last trading
at the level of 1.5867, which is an increase of 0.31%.In Commodities the oil price rose after it was reported that Iranian oil exports willdecrease by 300,000 barrels a day this month due to tighter sanctions on Iran.Oil was last trading at the level of 106.87 a barrel, which is an increase of 1.44%.Gold rose 1 percent on Friday but looked set for a fourth consecutive weekly decline asdecreased consumer demand dampened investor demand for the precious metal. Speculationabout decreased chances of the US Federal reserve instigating a new round of governmentbond purchasing, in order to keep short-term interests lower has affected this month’sdecline in the price of gold. Gold was last trading at the level of 1,661.02,which is an increase of 0.94%. Well, that is all the time we have for today.I hope you’ve enjoyed this week’s review and you'll join us next week. Until then,be sure to visit us at UFXMarkets.com for all of your online trading needs. For UFXMarkets,Goodluck and happy trading.
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