Hello Traders! Today we will take a look at Eur/Cad and Eur/Aud crosses, where Euro appears to be the strongest currency. In fact the recent price action suggests that Euro may gain even more against Australian and Canadian dollar. Well, if the US stocks will continue lower, then lower Aud and Cad definitely can be the … “Will Eur gain against Cad and Aud!?”
Month: March 2011
Aussie’s Rally Stalls as Exports & Building Permits Decline
The Australian dollar struggled to continue its rally versus the US dollar and the Japanese yen as the reports today showed that the number of building permits fell and the exports shrank. The currency also continues its decline against the euro. Australia’s exports of goods and services declined 4% (A$1,003 million) in January. The trade balance remained positive as the imports also fell, but the surplus was lower than in the previous month. The seasonally adjusted estimate for total … “Aussie’s Rally Stalls as Exports & Building Permits Decline”
Canadian Dollar Weakens After Yesterday’s Advance
The Canadian dollar fell today somewhat following the yesterday’s rise on the surging oil prices, declining supplies in the US and the interest rates decision by the Bank of Canada. April delivery for crude oil jumped as much as 2.9 percent to $102.50 as the military forces in Libya attempted to retake the regions occupied by the rebels. Crude reached $103.41 on February 24, the highest price since September 2008. The oil inventories of the US shrank by 400,000 last week, while they … “Canadian Dollar Weakens After Yesterday’s Advance”
Ruble Gains as Russia Loosening Control, Combats Inflation
The Russian ruble advanced today, rising to the highest level in more than a year against the US dollar, as the government loosened control of the currency and the central bank attempts to deal with the inflation. Nikolay Podguzov, VTB Capitalâs head of fixed- income strategy in Moscow, said: The decision to widen the band proves the Russian central bankâs willingness to address the inflation problem as a first priority. The central bank is ready to accept further exchange rate volatility. … “Ruble Gains as Russia Loosening Control, Combats Inflation”
Rand Goes Up as Gold Rallies
The South African rand jumped today, erasing yesterday’s losses, as gold surged on the concerns about the inflation and the unrest in Libya. The risk appetite waned from markets as the infightings between the forces loyal to Libya’s leader Muammar al-Gaddafi and the rebels renewed, increasing demand for safer assets. Gold climbed 0.2 percent to $1,436.90 per ounce, rising for the fourth day. The precious metal together with platinum makes up about a fifth of South Africaâs … “Rand Goes Up as Gold Rallies”
The risk of an ECB about turn
Quite a few parallels are being drawn between the current situation with food and energy prices and that being seen in 2008. Food prices, looking in absolute but general terms (i.e. the Economist index) are now higher than was the case back then. Food price inflation isn’t as high, but is certainly moving up. Guest … “The risk of an ECB about turn”
DragonOptions – A new Binary Options White Label From
After selling one of their white labels a few weeks ago, SpotOption continues to create more – DragonOptions enters the Russian market as the latest company from SpotOptions. The binary options market is growing quite fast. For more details, here’s the official press release. SPOTOPTION EXPANDS PORTFOLIO WITH NEW WHITE LABEL, DRAGONOPTIONS Leading Binary Options … “DragonOptions – A new Binary Options White Label From”
Pound Erases Yesterday’s Gains
The Great Britain pound declined today after it jumped yesterday as unexpected rise of the house prices and the record manufacturing PMI lead to the speculation the central bank will increase the interest rates. The Nationwide Building Society House Price Index increased by 0.3 percent in February from January. The index fell by 0.1 percent in January and was expected to decline even more â by 0.2 percent. The seasonally adjusted Markit/CIPS UK Manufacturing PMI … “Pound Erases Yesterday’s Gains”
Kiwi Falls as Prime Minister Speaks About Interest Rates Reduction
The New Zealand dollar weakened after Prime Minister John Key said that the interest rates should be reduced. The currency also fell as the tensions in Libya intensified. Investors, interested in so-called carry trades, are drawn to New Zealand because of its relatively high interest rates. Therefore reduction of the rates would decrease attractiveness of the New Zealand dollar, or the kiwi as it’s often called. Currently the official cash rate stands … “Kiwi Falls as Prime Minister Speaks About Interest Rates Reduction”
Australian Dollar Fell as Interest Rates Remain Unchanged
The Australian dollar dropped today as the policy makers of Australia’s central bank maintained the main interest rates unchanged on today’s meeting. The Reserve Bank of Australia decided today to leave the cash rate unchanged at 4.75 percent. Some traders have hoped that the inflation would encourage the policy makers to raise the rates, but central bank’s Governor Glenn Stevens said in his speech that “inflation is consistent with the medium-term objective … “Australian Dollar Fell as Interest Rates Remain Unchanged”