The Libor Rate decision makes this week critical in the direction of the Swiss Franc. Add three more major indicators: PPI, Industrial Production and Retail Sales, and add a close and critical technical support line, and you have a recipe for excitement. Swiss Franc outlook. PPI: Producer Price Index isn’t as significant as Consumer Price … “Critial Week in the Swissy”
Month: June 2009
Canadian Dollar Falls as Crude Oil Price Declines
The loonie posted the sharpest fall in 4 days against all major currencies, interrupting a bullish trend as the price of crude oil stopped its rally, damping demand for the Canadian currency high-yielding profile. The Canadian dollar had a day of negative performance after Bank of Canada Governor Mark Carney stated that a strong loonie may affect the Canadian economic, as exporters would lose competitiveness having less significant profit margins. The Bank of Canada … “Canadian Dollar Falls as Crude Oil Price Declines”
AUD/USD Should Become A Major Pair
The current global crisis has shown us that the dollar is the safe haven currency. The Swiss Franc lost its status. On the other hand, Australia’s economy hasn’t been badly affected by this crisis. The Aussie should replace the Swissy in the big league of majors. Traditionally, there are four major pairs: EUR/USD, USD/JPY, GBP/USD … “AUD/USD Should Become A Major Pair”
South African Rand Post Gains as Emergent Markets Attractiveness Rise
The South African rand had a third consecutive day of positive performances as the global economic conditions are evidently improving, adding attractiveness to emergent market currencies. The rand is one of the most volatile and influenced by the international world economic scenario among the most traded currencies, and a numbers of factors is helping the South African to climb since this April. Being one of the most liquid currencies available for trading, the South African rand is currently highly attractive, … “South African Rand Post Gains as Emergent Markets Attractiveness Rise”
Dollar Climbs Before G-8 Meeting
After several days of losses, the greenback rebounded, ending the week with a rather neutral performance before a G-8 meeting, where Timothy Geithner may state in favor of a strong U.S. dollar. The U. S. dollar pared its weekly losses after a Wall Street journal report affirming that the U.S. government will continue its policy to avoid bond purchases, resisting the pressure in order to control the … “Dollar Climbs Before G-8 Meeting”
Interest Rate Hike in the US?
Although the recession is still strong, the surprising payrolls figure hinted that the worst is behind us, even in the job market. With rising commodity prices and improving consumer sentiment, inflation might be around the corner. Will Bernanke change a direction? Last week’s Non-Farm Payrolls were much better than expected – they fell by 345,000 … “Interest Rate Hike in the US?”
New Zealand Dollar Advances as Interest Rates Remain Stable
The kiwi, as the New Zealand currency is often associated with, posted gains versus most of the main currencies as the national interest rate remained uncut. The Reserve Bank of New Zealand official cash rate remained at 2.50 percent as policy makers indicate that cuts will no longer be necessary to rescue the nation out of recession, increasing national and overseas investors to bet in the kiwi as an investment. … “New Zealand Dollar Advances as Interest Rates Remain Stable”
Dollar Slides as Speculations Spur Demand for Yield
The greenback dropped this Thursday as increasing speculations of a world economic recovery increased risk appetite among traders, inducing the purchase of high-yield currencies. The New Zealand and the Australian dollar led the list of gains today as an improved world economic scenario is constantly increasing traders confidence to take riskier positions in equities and currencies markets, making the dollar to lose attractiveness. The U. S. dollar … “Dollar Slides as Speculations Spur Demand for Yield”
U.S. Economy Recovery, Crude Oil Push Canadian Dollar Up
The loonie continued its rally after a day of losses as the main trading partner of Canada, the United States, is showing signs of an economic revival. The Canadian currency has been benefiting from several international factors that are helping it to build the strongest bullish pattern in decades against the main currencies. Canada is one of the main global oil exporters, and since the demand for … “U.S. Economy Recovery, Crude Oil Push Canadian Dollar Up”
Yen Continues Fall as Demand For Yield Rises
The Japanese currency had a day of losses against major currencies and higher-yielding assets as the global slump eases, improving investors confidence to take riskier positions. The yen has been suffering multiple sessions of losses since the global recession gave its first signs of ending in the beginning of April, and being regarded by traders as a safe refuge for times of uncertainty and crisis, the Japanese currency … “Yen Continues Fall as Demand For Yield Rises”