The Advanced Gross Domestic Product (GDP) provides a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. This indicator is published every quarter, and may impact on EUR/USD. A reading which is higher than the market forecast is bullish for the dollar. Here are all the details, and 5 … “EUR/USD: Trading the US Advance GDP April 2012”
Month: April 2012
Spain’s Toxic Mix – 5 Serious Economic Issues
Europe’s fourth largest economy had a strong start to the year. The Long Term Refinancing Operation by the ECB encouraged buying Spanish bonds, and Spain certainly seized the opportunity and satisfied nearly half the year’s funding needs in less than four months. But since then, there is less demand for Spanish bonds, yields have gone … “Spain’s Toxic Mix – 5 Serious Economic Issues”
USD/JPY Gains as Fed Does Not Mention QE3
The US dollar gained against the Japanese yen today before retreating to the opening level as the Federal Reserve refrained from adding stimulus to the US economy. The currency remained lower versus the euro and the Great Britain pound. Some analysts anticipated some dovish remarks from the Fed today. Such expectations didn’t come true as the Federal Open Market Committee said in its statement: The Committee expects economic growth to remain moderate over … “USD/JPY Gains as Fed Does Not Mention QE3”
Will Bank of Japan Intervene? Investors Unsure, Yen Fluctuates
The Japanese yen fluctuated today, staying nearly flat at present, as Forex market participants were unsure whether the Bank of Japan would intervene to trim yen’s gains. The crisis in Europe is hurting Japan’s economies in several ways. First, it weakened demand for the nation’s exports from European countries. Second, the crisis boosted demand for the safety of the yen, helping the currency to rebound from the March lows. Analysts say that the BoJ is … “Will Bank of Japan Intervene? Investors Unsure, Yen Fluctuates”
Canadian Dollar Receives Boost on Better News
Canadian dollar is getting a boost today, thanks to better sentiment in the financial markets. Loonie is heading higher on better earnings news, as well as reduced fears about what’s next for the eurozone. Loonie is heading higher today, thanks to a jolt from Apple. AAPL earnings are helping market sentiment, as well as adding to a growing list of companies whose Quarter 1 earnings beat expectations. The good news is helping … “Canadian Dollar Receives Boost on Better News”
US Dollar Mostly Weaker on Improved Sentiment
US dollar is mostly weaker as improved sentiment helps boost other currencies today. Concerns about the global economy, and about Europe, are fading a little bit, and that is helping other currencies against the US dollar. Greenback is not needed as a safe haven, and that is resulting in gains for a few other currencies. An interest rate decision is expected from the Federal Reserve today. Many expect that … “US Dollar Mostly Weaker on Improved Sentiment”
USD/JPY: Trading the US jobless claims Apr 2012
The US Unemployment Claims indicator is released weekly, and measures the number of people filing for unemployment for the first time during the previous week. A reading which is higher than the market forecast is bearish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Thursday at 12:30 … “USD/JPY: Trading the US jobless claims Apr 2012”
Pound Falls as GDP Shrinks
The Great Britain pound fell today after a government report showed that the UK economy unexpectedly declined in the first quarter of this year, reducing appeal of the nation’s currency. Britain’s gross domestic product dropped 0.2 percent in the first quarter of 2012, following the drop by 0.3 percent in the previous quarter. Traders were frustrated as analysts predicted a 0.1 percent increase. Gross value added grew 0.2 percent in February on an annual basis, … “Pound Falls as GDP Shrinks”
Rand Gains for Second Day on European Bonds & US Corporate Profits
The South African rand gained today for the second day after yields on European bonds fell, easing nervousness about Europe’s troubles, and as US corporate profits were above forecasts. Falling yields for Spanish, Italian and Dutch bonds gave investors hope that Europe may yet emerge from its financial crisis. Apple reported that it almost doubled its profit in the second fiscal quarter as demand for iPhone grew … “Rand Gains for Second Day on European Bonds & US Corporate Profits”
Aussie Goes Down as CPI Growth Below Expectations
The Australian dollar fell today as a government report showed that nation’s consumer prices rose in the last quarter far slower that was anticipated by market analysts, triggering speculation about an interest rate cut. Australia’s Consumer Price Index rose 0.1 percent in the first quarter of 2012, while much bigger growth by 0.7 percent was predicted by economists. The trimmed mean CPI (core CPI) increase 0.3 percent, while … “Aussie Goes Down as CPI Growth Below Expectations”