The Canadian dollar weakened today after the economic growth in the U.S., the biggest Canada’s trading partner, showed the signs of the slowdown, possibly reducing demand for the Canadian exports. The Standard & Poorâs 500 Index went down 0.5 percent. The U.S. equities declined after the Federal Reserve Bank of Philadelphiaâs index of the manufacturing activity slumped to 5.1 this month from the month before. The index still suggests growth, but has fallen for two … “Canadian Dollar Goes Down on Concerns for U.S. Economy”
Month: July 2010
Dollar Falls as U.S. Economic Expansion Slows
The U.S. dollar fell today against the euro and the yen as the macroeconomic indicators suggested that the economic expansion in the U.S., while continues, is slowing its pace, curbing the appeal of the U.S. currency. The Philadelphia Fed index fell from 8.0 in June to 5.1 in July, instead of the expected growth to 10.2, showing the slowdown of the manufacturing growth. The NY Empire State Manufacturing Index showed the same picture, dropping sharply to 5.1 in July from 19.6 … “Dollar Falls as U.S. Economic Expansion Slows”
Hungarian Forint May Go Down if IMF Reject Loan
The Hungarian forint fluctuated today against the U.S. dollar and may drop lower on the speculation that the discussion between the nation’s government and the International Monetary Fund about the terms of the bailout loan might fail. The investors look for the approval of the nation’s economic program by the IMF after the government compared Hungary’s situation with Greece’s one. The speculation says that the IMF urges Hungary to lower the inflation below the 3 percent level. USD/HUF traded at about … “Hungarian Forint May Go Down if IMF Reject Loan”
Brazilian Real Drops vs. Euro on Concern for Global Recovery
The Brazilian real declined today versus the euro after the U.S. retail sales fell more than forecast, spurring the concerns for the sustainability of the global economic recovery. The retail sales in the U.S. declined 0.5 percent in June, compared to the median forecast of 0.2 percent decrease. The Standard & Poorâs 500 Index went down 0.2 percent. The fears that the global recovery may slow caused the investors to shun the higher-yielding currencies. EUR/BRL traded … “Brazilian Real Drops vs. Euro on Concern for Global Recovery”
Is Your Forex Trading Strategy Going to Win You Riches
Guest post from tradeforexfundamentally.com The need for certainty You want to know how to win and you want to know for certain that your strategy is going to work. But the market is an inherently uncertain phenomenon. You’ve probably already heard of the return that your strategy produces, or you’ve seen multiple examples of it … “Is Your Forex Trading Strategy Going to Win You Riches”
Dollar Falls vs. Pound & Yen, Fluctuates vs. Euro
The U.S. dollar rose against the euro on the concern for the Eurozone economy, then dropped on the unfavorable fundamentals, and yet rebounded after the Federal Reserve officials decreased the forecast for the growth and noted the threat to the economic recovery; the greenback slipped versus the Great Britain pound and the Japanese yen. The U.S. retail sales declined by 0.5% in June, compared to the forecast 0.2% decrease. The imports prices dropped by 1.3%, mainly because of the lower fuel prices. The imports prices went … “Dollar Falls vs. Pound & Yen, Fluctuates vs. Euro”
Pound May Retain Strength Despite Budget Cuts
The Great Britain pound strengthened today for the second day after the labor market provided good numbers, suggesting that Britain’s economy may retain its strength despite the spending cuts. The number of people claiming the jobless benefits fell by 20,800 between May and June, somewhat more than the 20,100 decline analysts predicted. The unemployment rate for the three months to May 2010 was 7.8 percent, compared to expectations of 7.9 percent and down … “Pound May Retain Strength Despite Budget Cuts”
Euro Weakens with Less than Expected Economic Growth
The euro weakened today s the Spanish lenders borrowed the record amount form the European Central Bank and after the region’s industrial production expanded less than predicted. Spainâs financial institutions borrowed the record â¬126.3 billion from the ECB last month as the investors avoided the local banks. The seasonally adjusted industrial production grew by 0.9 percent in May compared with April in the Eurozone. The median forecast was the growth by 1.2 percent. EUR/USD … “Euro Weakens with Less than Expected Economic Growth”
New Zealand Dollar Halts Its Rally on Lower Retail Sales
The New Zealand dollar halted today its six-day rally against the U.S. currency as the macroeconomic data suggested that the nation’s economy might grow with slower than anticipated pace. The total retail sales rose 0.4 percent ($24 million) in May, while previous estimates indicated the 0.6 percent growth. The core retail sales decreased 0.2 percent ($10 million) instead of increasing 0.6 percent, as forecast suggested. This … “New Zealand Dollar Halts Its Rally on Lower Retail Sales”
Crown Forex – The Scam Goes On – Now Offering
The infamous Crown Forex appears again, now offering everybody to open his own forex company, calling themselves experts in the area of forex business. Forex scammers refuse to die. Here are their latest activities. Those of you following the forex industry are probably familiar with Crown Forex. The saga is very long. In short, they … “Crown Forex – The Scam Goes On – Now Offering”