Archive for May, 2014
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LATEST ARTICLES
 

Algorithmic Trading Set to Take Over Forex

by Christopher Lemieuxon May 31, 2014 5:41 am BST
Amid the scrutiny of high frequency trading, algorithmic trading has moved from, primarily, the equity market and is beginning to flood the currency market. According to Molten Markets Inc., algorithmic trading with begin to completely phase out voice orders conducted over a line of communication. Simon Wilson-Taylor of Molten Markets said “we’re on the edge […]

Are Stop Hunts A Real Occurrence?

by Christopher Lemieuxon May 31, 2014 5:24 am BST
Have you ever seen a move on a position that seemed to come out of nowhere? Likely, the move was just enough to take out your stop-loss order and kick you out of the trade. It, then, seemingly reverts back to its original directional movement. You then ask yourself “did the market just single my […]

USDCAD Higher After Canadian GDP Inline with Forecasts

by Christopher Lemieuxon May 30, 2014 2:24 pm BST
The greenback gains against the Canadian dollar after data shows that Canada’s gross domestic product came inline with expectations at .1 percent, following the previous quarter’s .2 percent expansion. The poor showing was blamed on a harsh winter that hindered construction, business spending and exports. According to Statistics Canada, annualized gross domestic product was revised […]

US Consumer Spending Falls Below Expectations, Savings Rate Increases

by Christopher Lemieuxon May 30, 2014 2:04 pm BST
US consumer spending declines below economist expectations in April as incomes slow. Household spending fell .1 percent after a one percent gain in March, according to data from the Commerce Department. “The March gain in spending was huge, and April brings us back to something more reasonable,” said Stephen Stanley, chief economist at Pierpont Securities […]