The Australian dollar was little changed today, but earlier at this trading session it, guess what, reached the new record versus the US dollar. The Australian currency shows no sign of the expected correction, predicted by analysts. That’s even more surprising, considering that there’s no major news to support such an astonishing performance, except the growth of the retail sales that was muted by the decrease of the building approvals. Gains of commodities … “Aussie, Will You Stop with Your Records?”
Month: March 2011
Forex Money Managers Find Interest in Trade Leaders Program
Money managers find more and more interest in Currensee’s alternative investment service – the Trade Leaders program. They now report that the number of applications has doubled. These managers put their trust in the program were people can invest in excellent forex traders and follow their successes. Here are more details, in the full press … “Forex Money Managers Find Interest in Trade Leaders Program”
5 Most Predictable Currency Pairs
Not all currency pairs were born equal regarding technical analysis. Some tend to slow down and halt when getting close to a distinctive line of support or resistance. And if the distinctive line is breached with strong momentum, the break is clear and convincing, with the pair leaving dust behind it and never looking back. … “5 Most Predictable Currency Pairs”
South African Rand Rises for Third Day vs. Dollar
The South African rand gained today, rising for the third straight day against the US dollar, as commodities rallied and market participants expect an increase of the interest rates. Gold and platinum, which makes up fifth of South Africaâs export revenue, advanced for a second day. Central bank Governor Gill Marcus said that the bank wonât be “soft” on the inflation, making investors to bet that the interest rates will be raised this … “South African Rand Rises for Third Day vs. Dollar”
Euro Gains as Inflation Grows
The euro went up today after the report showed that the inflation in the Eurozone unexpectedly accelerated in March, increasing the bets that the European Central Bank will raise the interest rates in April. The consumer prices in the Eurozone rose 2.6 percent in March, while the rate of growth was expected to remain the same as in February at 2.4 percent. Analysts say that the inflation outweighs the negative impact of Ireland’s and Portugal’s problems on the investors’ sentiment and pessimism can … “Euro Gains as Inflation Grows”
The worsening debt threat under the euro
Of course, one of the more remarkable aspects of the past week has been the resilience of the euro in the face of the underlying developments of the sovereign debt crisis. This could well be repeated later today when Ireland publishes the results of the latest stress tests on its banking sector, where nationalisation of … “The worsening debt threat under the euro”
New Day, New Record for Aussie
The Australian dollar posted yet another all-time record versus its US counterpart before retreating. The gains was spurred the growing retail sales, but the unexpected drop of building approvals restrained the currency. The Australian retail sails rose 0.5 percent in February, following the rise of 0.4 percent in January. The rate of growth was expected to remain unchanged at 0.4 percent. The number of building approvals fell 7.4 percent in February following the fall … “New Day, New Record for Aussie”
Japanese Yen Falls as Investors Prefer Higher Yielding Assets
The Japanese yen weakened today, falling to the lowest level in almost three week, as the economic growth in the US and across rest of the world makes higher-yielding assets more preferable for investors than safer ones. The report of Automatic Data Processing, Inc. about the employment change today showed the increase by 201,000 in March. The positive report supported the optimistic outlook for the non-farm payrolls later this week. The Standard & Poorâs 500 Index advanced 0.7 … “Japanese Yen Falls as Investors Prefer Higher Yielding Assets”
Forex Brokers to be Exempt of Dodd-Frank Rules?
Perhaps forex brokers will get some good news soon, maybe in April. The Dodd-Frank act consists of many limitations, that not every broker will be able to handle. But forex brokers could be exempt from these rules. Discussions continue in Washington DC regarding the implementation of the Dodd-Frank legislation. The CFTC has to provide complementary … “Forex Brokers to be Exempt of Dodd-Frank Rules?”
Job Gains To Continue at Same Pace? Non-Farm Payrolls
The U.S. Bureau of Labor Statistics will release the famous Non-Farm Payrolls figure on Friday, April 1st. The numbers aren’t expected to be too amusing though. Despite another expected improvement in the American job market, the big picture isn’t too good. A big leap is necessary for boosting the greenback. Here’s a preview of this … “Job Gains To Continue at Same Pace? Non-Farm Payrolls”