The Canadian dollar enjoyed the weakness of the US dollar to push forward to fresh multi year levels. USD/CAD went as low as 0.9866 before rising again. This came despite weak figures from Canada so far this week – two housing sector figures came out worse than expected. Nevertheless, the retreat of the US dollar, … “USD/CAD Reaches New Lows”
Month: January 2011
Disaster Prevented Aussie from Rising on Rally of Commodities
The Australian dollar wasn’t been able to profit from the rally of commodities and continued to fall as the floods, which are worst since 1893, threaten to disrupt the nation’s economy and can prevent the central bank from raising the interest rates. Brisbane experienced its worst floods since 1893 as heavy rains caused the rivers to overflow the banks and huge amount of water ran to the city, forcing the inhabitants to evacuate. Premier Anna Bligh announced that … “Disaster Prevented Aussie from Rising on Rally of Commodities”
Pound Rises as UK Economy Looks Stronger Than EU Economy
The Great Britain pound gained today as the speculation that the economy of Britain will prove to be stronger that the economy of the European Union boosted the appeal of Britain’s currency. Low demand for the Portuguese bonds will likely prevent Portugal from gathering enough profit for avoiding a bailout. Elsa Lignos, a currency strategist at Royal Bank of Canadaâs RBC, said: The inability to draw a line under the sovereign-debt issues undermines the euro and keeps a positive against … “Pound Rises as UK Economy Looks Stronger Than EU Economy”
Binary Options on Meta Trader 4
The relatively new field of binary options is growing rapidly. Leverate, a provider of solutions for forex brokers, introduces a platform for binary options that integrated into the popular MT4 platform popular with forex traders. I believe that 2011 will see more traders and more providers entering the field of binary options. This is also … “Binary Options on Meta Trader 4”
Zloty Rise as Policy Makers Signal About Higher Interest Rates
The Polish zloty rose today after four days of declines after the policy makers signaled about the possible increases of the interest rates and as Japan’s announcement of buying of the European bonds improved the market sentiment. The comments of the central bank Governor Marek Belka and other monetary policy makers caused the speculation that the main interest rate may be raised this month. Andrzej Rzonca of the Monetary Policy Council said stated that the zloty … “Zloty Rise as Policy Makers Signal About Higher Interest Rates”
Japan Plans Buy European Bonds, Supporting Euro
The euro strengthened today after Japan announced that it’s going to buy the European government bonds, allowing the European Union to raise funds for rescuing its indebted nations. Yoshihiko Noda, Japan’s Minister of Finance, said at the news conference in Tokyo: Itâs appropriate for Japan to make a contribution as a leading nation to increase trust in the deal. We want to buy more than 20 percent. The economists say that the Japan’s bonds-buying wouldn’t heal … “Japan Plans Buy European Bonds, Supporting Euro”
EUR/USD-Selling The Pull-backs (Elliott Wave)
European stocks are higher today, and helped some major currencies to hold the support against the US dollar. Over the past few sessions we could also saw some of Eur recovery, supported by the comments coming from Japan which may buy 20% of euro zone bonds in this month to help the Europe in debt … “EUR/USD-Selling The Pull-backs (Elliott Wave)”
Loonie Pares Losses vs. Greenback on Rally of Commodities
The Canadian dollar pared losses against its US counterpart today as the rally of commodities outweighed the impact of the increasing concerns about the fiscal crisis in the European Union. Today’s rally of commodities was very favorable for the loonie, as the Canadian currency is often nicknamed, because about half of Canada’s export revenue comes from raw materials. The Thomson Reuters/Jefferies CRB Index of raw materials rose 0.9 percent to 326.85 after it tumbled … “Loonie Pares Losses vs. Greenback on Rally of Commodities”
Video – EUR/USD, GBP/USD, USD/JPY and Key Events
In the weekly interview on Forex TV, I spoke about the main events facing us this week, the upcoming bailout for Portugal and also discussed three pairs:EUR/USD, GBP/USD and USD/JPY. This includes technical levels and the events that have an impact on them. Enjoy! The pressure is mounting on Portugal to take a bailout. The … “Video – EUR/USD, GBP/USD, USD/JPY and Key Events”
Dollar Takes Break After Rally as Stocks & Commodities Rebound
The US dollar declined today as commodities and stocks rebounded after the last week’s slump, decreasing the demand for the greenback as a safe haven. The Standard & Poorâs 500 Index went down 0.3 percent, following the previous decline by 0.7 percent, while the Reuters/Jefferies CRB Index of raw materials advanced as much as 0.8 percent. The dollar weakened against the euro on the speculation that Germany, which previously strongly opposed the proposal to expand the â¬750 billion … “Dollar Takes Break After Rally as Stocks & Commodities Rebound”