Canadian dollar is gaining today, drawing strength from rising commodities. Canada is especially seeing some support from rising oil prices. With oil supply in question, prices are up and the loonie is following suit. Additionally, commodity currencies and other riskier currencies are in demand, despite the downgrade of nine eurozone countries — including France — after the markets closed on Friday. The big downgrades by S&P … “Canadian Dollar Gains as Commodities Rise”
Month: January 2012
US Dollar Index Lower
US dollar index is lower as greenback falls pretty much across the board. A successful French debt auction is helping the euro, and commodity currencies are getting a boost from higher oil and gold prices. Right now, events seem to be conspiring against a higher US dollar. Concerns about oil supply are rising, thanks to strikes in Nigeria, as well as a threat from Iran to close the Strait of Hormuz. Things … “US Dollar Index Lower”
EUR/USD: Trading the German ZEW Jan 2012
The German ZEW Economic Sentiment Index is based on a monthly survey of institutional investors and analysts and their views of 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 Jan 2012”
Eur/Usd vs. Eur/Jpy Elliot Wave Forecast Example (Video)
Check the next video, which is just one small piece of analysis that we shared with our subscribers in this past week. In this video you will find out “how and when”, “we or you can” become more confident into your analysis and forecasting in currency markets, which potentially can improve your success in trading. … “Eur/Usd vs. Eur/Jpy Elliot Wave Forecast Example (Video)”
Greek Troubles Not Priced In
The headlines around the credit downgrade of France and other European countries took over the news, and partially covered the breakdown of the Greek PSI talks. Yet this isn’t the only issue brewing in the Hellenic Republic. Is the cataclysmic fall coming soon? When rumors of a French downgrade started to float, the option of … “Greek Troubles Not Priced In”
AUD/USD: Trading the Australian ANZ Job Advertisements
The Australian Buildings indicator measures the change in the number of employment advertisements published in major daily newspapers and websites. A reading that is higher than the market prediction is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Monday at 00:30 GMT. Indicator Background Employments ads … “AUD/USD: Trading the Australian ANZ Job Advertisements”
Euro’s Rally This Week Takes Hit from Standard & Poor’s
This week looked good for the euro as Forex traders felt a little less concerned about the situation in Europe, but then Standard & Poor’s came in and spoiled traders’ mood. The euro looked good for the most part of the week. Meetings of European leaders and officials of the International Monetary Fund spurred optimism that was further supported by falling yields on European bonds. The European Central Bank provided a major boost for the shared 17-nation currency … “Euro’s Rally This Week Takes Hit from Standard & Poor’s”
EUR/AUD Slumps to Record Low After S&P Hurts Outlook for Europe
The Australian dollar jumped against the euro after Standard & Poor’s harmed sentiment about Europe by cutting credit ratings of European countries. The Australian currency managed to erase losses against the US dollar and the Japanese yen despite the resulting pessimism. S&P announced yesterday: We have lowered the long-term ratings on Cyprus, Italy, Portugal, and Spain by two notches; lowered the long-term ratings on Austria, France, Malta, Slovakia, and Slovenia, by one notch; … “EUR/AUD Slumps to Record Low After S&P Hurts Outlook for Europe”
CAD Drops vs. USD, Rises vs. EUR as S&P Downgrades European Ratings
The Canadian dollar ended the last trading session down against the US dollar and the Japanese yen, but up versus the euro, as Standard & Poor’s downgraded credit ratings of various European countries, including France, but excluding Germany. S&P cut credit ratings of several countries of the eurozone. The rating of France and Austria was cut from AAA to AA+, leaving Germany the only eurozone country with a stable top grade as the AAA … “CAD Drops vs. USD, Rises vs. EUR as S&P Downgrades European Ratings”
Rand Goes Lower as Fitch Changes Outlook to Negative
The South African rand was down today as Fitch Ratings changed outlook for South Africa’s sovereign credit rating to negative, reducing attractiveness of country’s assets to investors. South Africa’s BBB+ rating is in danger as Fitch hinted that a rating cut may occur. The rating agency explained the change of the outlook by inability of the government to improve employment and the resulting pressure on public finances. Fitch said that negative outlook “reflects the limited progress … “Rand Goes Lower as Fitch Changes Outlook to Negative”