The euro traded flat today as the pessimistic market sentiment was neutralized by the fundamental indicators that suggested economies of the European countries are improving, at least the strongest economies. France’s consumer price index rose to 0.3 percent on monthly basis in November, following the growth by 0.2 percent in October. ZEW economic expectations index for Germany rose from -55.2 to -53.8 this month, while the indicator for the whole eurozone improved from -59.1 to -54.1. … “Euro Flat After Positive Fundamental Reports”
Month: December 2011
Bloomberg UTV to Feature Analysis from XTB India
XTB India announces that its analysis will now be available on Bloomberg UTV on the “Minting Money” shows. This is another step forward for the broker. A few months ago, XTB India launched its xStation platform. This additional recognition helps it advance. For more details, here is the official press release: Announcement of XTB India’s … “Bloomberg UTV to Feature Analysis from XTB India”
GBP/USD: Trading the British Jobs Dec 2011
The UK Claimant Count Change measures the change in the number of people claiming unemployment benefits. Along with the unemployment rate indicator, which is released at the same time, it provides a snapshot of the employment situation in the UK. Traders should pay close attention to this release, as it is a market-mover for GDP/USD. Here … “GBP/USD: Trading the British Jobs Dec 2011”
Australian Dollar Down on Europe & Domestic Fundamentals
Australian dollar rose a little today. The currency dropped yesterday as concerns about the future of the European Union reemerged. The domestic fundamental also weren’t supportive for Australia’s currency. The warning by Moody’s Investor Service about possible downgrades of sovereign ratings spooked investors from riskier assets. Analyst explained that the European politicians demonstrated the plans to resolve the problems of the euro-region in the long term, but didn’t present anything to explain how they are … “Australian Dollar Down on Europe & Domestic Fundamentals”
INR Reaches Record Low vs. USD
The Indian rupee reached the record low price versus the US dollar yesterday as the nation’s industrial production declined and Europe deterred investors from buying riskier currencies of emerging markets. The Central Statistical Office reported that India’s factory output declined 5.1 percent in October from a year ago, much more than analysts estimated before the report (0.7 percent). That was the first decline since June 2009. There … “INR Reaches Record Low vs. USD”
Canadian Dollar: Performance and Its Drivers in Near Future
The Canadian dollar wasnât performing well recently, at least against the dollar and the yen. Can the currency improve its behavior in the near future? Itâs possible, but not probable. The performance against the euro and other growth-related currencies is another matter. The loonie, like most other currencies, is currently driven mainly by news from Europe. And the news wasnât very good. Itâs true that the summit last Friday has brought … “Canadian Dollar: Performance and Its Drivers in Near Future”
Japanese Yen Mixed in Forex Trading
Japanese yen is mixed today in forex trading, gaining against the euro, but down against the dollar and the pound. With the concerns in the eurozone right now, it’s no surprise that the yen is higher against the 17-nation currency. The big news dominating the Forex landscape today is that a number of European countries are facing a downgrade. The result of the uncertainty regarding the short-term fate of eurozone countries has been cautious trading. … “Japanese Yen Mixed in Forex Trading”
US Dollar Gains as Concerns Grow in the Eurozone
US dollar is gaining today, heading higher as concerns in the eurozone once again take center stage. The latest concern is the announcement by Moody’s that it will review European countries — and possibly make some downgrades. The news means that uncertainty is a problem once again, and that forex traders are reluctant to take risk. In such situations, many turn to the US dollar as a safe haven. Even though … “US Dollar Gains as Concerns Grow in the Eurozone”
Euro Slumps After Moody’s Warning
The euro dropped today after Moody’s followed Standard & Poor’s as it warned about possible downgrades of the European countries. The shared 17-nation currency fell against the dollar and the yen. The summit of the European leaders has came and gone. It even brought some results. But, apparently, it wasn’t enough to convince everybody that the eurozone can deal with its crisis. Certainly, Moody’s Rating Service wasn’t impressed and signaled … “Euro Slumps After Moody’s Warning”
EUR/USD: Trading the German ZEW Dec 2011
The German ZEW Economic Sentiment Index is based on a monthly survey of institutional investors and analysts regarding their views on the outlook for the German economy. A reading that is higher than the market forecast is bullish for the Euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 10:00 GMT. … “EUR/USD: Trading the German ZEW Dec 2011”