The New Zealand GDP is a key indicator which measures production and growth in the economy. Analysts consider GDP one the most important indicators of economic activity. New Zealand GDP is published every quarter, magnifying the importance of each release. A reading which is higher than the market forecast is bullish for the New Zealand dollar. Here are all the details, and … “NZD/USD: Trading the New Zealand GDP June 2012”
Month: June 2012
US Dollar Drops as Risk Appetite Returns to Markets
US dollar is heading lower today, losing ground as concerns about the eurozone fade a bit. Also weighing on the greenback is the possibility that the Federal Reserve will announce more stimulus, weakening the US dollar further in the hopes of providing a boost for the economy. Dollar index is falling today, dropping as the greenback heads lower against its major counterparts. Risk appetite is back on as better news out of Europe helps … “US Dollar Drops as Risk Appetite Returns to Markets”
Euro Surges on Spanish Bond Demand, Federal Reserve Stimulus
Euro is surging today as investors and Forex traders decide that there’s plenty to be optimistic about after all. Demand at the latest Spanish bond auction was strong, and there are expectations that the Federal Reserve will announce more stimulus at the close of its current two-day meeting. The news is being greeted with enthusiasm, and EUR/USD even touched 1.27 at one point. The demand for Spanish bonds was fairly … “Euro Surges on Spanish Bond Demand, Federal Reserve Stimulus”
Pound Drops vs. Euro on Falling CPI, Rises vs. Dollar
The Great Britain pound dropped versus the euro today after a report showed that UK inflation unexpectedly slowed last month. The currency was able to gain against the US dollar. Britain’s Consumer Price Index fell to 2.8 percent in May from 3.0% in the month before. Analysts were sure that the index would remain unchanged. The Retail Price Index fell from 3.5 percent to 3.1 percent last month, … “Pound Drops vs. Euro on Falling CPI, Rises vs. Dollar”
Brent Oil Drops, Ruble Follows
The Russian ruble fell against the US dollar today after price for Brent crude oil decline amid growing concerns that the debt issues in the countries of the European Union are worsening. Brent grade of crude oil was down 1.2 percent to $94.95 per barrel today. The decline followed negative signs from Europe. Spanish bad loans reached the highest proportion of total credit since 1994 in April. Greek leaders … “Brent Oil Drops, Ruble Follows”
FOMC Meeting Preview – QE3 Will Wait Again?
US economic indicators have disappointed too many times in recent months. Growth may have stalled altogether. Will this push the Fed to action? Despite the worsening picture, the chances of an announcement of QE3 in the June 20th meeting is still low. Why? Growth: there is no evidence that the economy stopped growing or began … “FOMC Meeting Preview – QE3 Will Wait Again?”
Australian Dollar Rises Even Amid Negative Sentiment on FX Market
The Australian dollar rebounded today even as downbeat mood among Forex market participants sapped demand for riskier currencies tied to commodities. Europe continues to exert its negative influence on markets across the world. Commodities felt that influence as was shown by the Standard & Poorâs GSCI Index of 24 raw materials that fell 0.2 percent. It could be expected that commodity currencies decline in such an environment. Yet … “Australian Dollar Rises Even Amid Negative Sentiment on FX Market”
CAD Drops as Poor Market Sentiment Slashes Appeal of Risky Assets
The Canadian dollar fell against its US peer today as negative Forex market sentiment damped demand for riskier assets. The currency managed to rise versus the euro and, surprisingly, to stay flat against the Japanese yen. Fears about the possible collapse of the eurozone rule the Forex market even as Greece is not going to leave the currency union, at least for now. The Group of Twenty started a meeting today to discuss the problems of Europe, but … “CAD Drops as Poor Market Sentiment Slashes Appeal of Risky Assets”
Real Declines as Analysts Lower GDP Forecast
The Brazilian real declined today as analysts lowered forecast for the country’s economic growth and fears about the futures of the eurozone returned after the initial optimism caused by the outcome of the Greek elections. Economists predict that Brazilian gross domestic product would grow 2.3 percent this year, while the consensus forecast was at 2.53 percent just a week ago. That is compared to the 2.7 percent advance in 2011. The yield for Spain’s bonds maturing … “Real Declines as Analysts Lower GDP Forecast”
Yen Falls After Greek Elections, Pares Losses
The Japanese yen fell today after the victory of a pro-bailout party in Greece spurred risk appetite among investors. The positive sentiment was short-lived, though, and the currency pared its losses. The pro-bailout New Democracy party came at the Greek elections this weekend. Now, the political parties that prefer to stay at the eurozone make up a majority in the parliament and can form a coalition government. The problem is that real difficulties of the indebted country remain … “Yen Falls After Greek Elections, Pares Losses”