As a means of showing greater transparency, I hereby present key site metrics for Forex Crunch. All in all May was a positive month. The eruption of the Greek crisis throughout the month, contributed to traffic, as well the uncertainty regarding rate decision. The figures are from Google Analytics. I plan on doing this every … “Forex Crunch Key Metrics May 2011”
Month: June 2011
Greek Haircut Acknowledged by German Bank
The German NordLB bank has written down some of its exposure to Greek debt, acknowledging that a 50% haircut on the Greek bonds it holds. While this bank’s Greek assets are relatively small, this is the first bank that is getting ready for the inevitable default of Greece. Other, bigger banks, are more exposed as Joseph … “Greek Haircut Acknowledged by German Bank”
Canadian Dollar Weakens on GDP & Interest Rates
The Canadian dollar fell today as the negative influence of the current account deficit and unchanged interest rates outweighed the positive influence of the growing economy. The currency advanced against the greenback, which was crippled by the bad economic reports from the US. Canada’s gross domestic product expanded 0.3 percent on a monthly basis in the first quarter of this year. That’s better than forecast of a 0.2 percent growth and much better than the decline by 0.1 percent … “Canadian Dollar Weakens on GDP & Interest Rates”
Bad US Economy Knocks Dollar Down
The US dollar fell today as the poor macroeconomic reports confirmed the slowdown of the US economy, making an end of the quantitative easing in the near future highly improbable. The seasonally adjusted S&P/Case-Shiller Home Price index fell 3.6 percent from a year ago. The Chicago Business Barometer fell to 56.6 in May from 67.6 in April, indicating a slowed growth of economic activity. The The Consumer Confidence index of the Conference Board slipped to 60.8 in May from 66.0 … “Bad US Economy Knocks Dollar Down”