The Japanese yen was weaker today, falling for the fourth consecutive trading session, as the outlook for economic growth in the United States damped demand for the safety of the Japanese currency. Analysts predict that today’s report will show that US industrial production expanded 0.2 percent in September. Tomorrow, the number of housing starts will be released and it is expected to be at 770,000, a small increase from the previous reading. Yesterday, a report showed … “Yen Drops for Fourth Day Amid Risk Appetite”
Month: October 2012
MarketsPulse Receives ISO-9001 Certification
MarketPulse, which is a provider of enterprise binary options solutions, announced that it has received an ISO-9001 certification. This move is another step forward in the maturity of the binary options industry. The industry is gaining traction. For more details, see the details from the press release below: Update: MarketsPulse was re-certified in August 2013. … “MarketsPulse Receives ISO-9001 Certification”
Euro Gains as Risk Appetite Makes an Appearance
Euro is gaining today, heading higher as risk appetite makes an appearance. There haven’t been many dramatic moves so far in trading, but the 17-nation currency is holding its own and logging gains. Right now, the euro is receiving support from improve risk appetite as the economic picture shows slight improvement in the United States on the heels of the latest retail sales data. With retail sales up in September, … “Euro Gains as Risk Appetite Makes an Appearance”
Rand Remains Weak After Credit Rating Downgrade
The South African rand weakened today as Standard & Poor’s reduced South Africa’s credit rating, following the wave of strikes in the country’s mining sector that may hurt the struggling African economy. S&P cut South Africa’s credit rating from BBB+ to BBB. The rating agency explained: The strikes in South Africa’s mining sector will likely feed into the political debate in the run-up to the 2014 elections. Additionally, S&P expects “that … “Rand Remains Weak After Credit Rating Downgrade”
Canadian Dollar Gains Ground on Better than Expected US Data
Canadian dollar is gaining ground right now, thanks to economic data that is better than expected in the United States. Forex traders have been looking for signs that the global economic situation is improving, and the latest news is helping in that area. The United States showed that retail sales for September gained by 1.1 per cent. On top of that, August retail sales were revised upward to 1.2 … “Canadian Dollar Gains Ground on Better than Expected US Data”
Rupee Falls as China Spurs Worries
The Indian rupee fell today, leading other Asian currencies in losses, as concerns about global economic growth reduced willingness of investors to buy riskier currencies of emerging economies. China’s inflation slowed from 2.0 percent in August to 1.9 percent in September. The Producer Price Index slid 3.6 percent last month, more than was expected by analysts. The GDP report released later this week and it is expected to be … “Rupee Falls as China Spurs Worries”
Spanish Bailout Not Priced In Yet
Spanish PM Rajoy has talked down speculation about his country taking a bailout, despite the little choice he has, after recent credit rating downgrades and upcoming ones. So, markets haven’t priced in a bailout, says David Song of DailyFX. In the interview below, Song also discusses the US elections, prospects for Australia and other topics. … “Spanish Bailout Not Priced In Yet”
EUR/USD: Trading the German ZEW Oct 2012
The German ZEW Economic Sentiment Index, a key release, is based on a monthly survey of institutional investors and analysts. The survey looks at their views of and level of confidence in 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: Trading the German ZEW Oct 2012”
Australian Dollar – Parity Could be Challenged Soon
Everything is going against the Australian dollar. The list is getting longer and longer and the Aussie, that was somewhat resilient, is beginning to feel the pressure. QE3 in the US provided the much needed boost for the Aussie, but the failure to break to higher ground can certainly be justified: There are quite a … “Australian Dollar – Parity Could be Challenged Soon”
US Elections and the Dollar
October is a critical month for the US Presidential Elections. In general, Obama can lose the presidency because of the state of the economy, although it is debatable how much he is to blame. However, challenger Romney isn’t as charismatic as Obama and appeals to less Americans than the president. Now, the question is: how … “US Elections and the Dollar”