The Sweden krona fell against the US dollar today after the Swedish central bank kept its key repo rate unchanged. The currency weakened against the euro as the accompanying statement hinted that the bank may lower rates in the future. The Riksbank left its main interest rate at 1.25 percent and wrote in the statement: The Swedish economy has so far grown at a good pace, but is now slowing down due to the weak … “Riksbank Keeps Repo Rate Stable, Hints on Easing”
Month: October 2012
EUR/USD Trading the US Advance GDP October 2015
The US Advance Gross Domestic Product (GDP) is a key release and is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as one the most important indicators of economic activity. Advance GDP release is the first GDP version published, and usually has the most impact on the markets. A reading which … “EUR/USD Trading the US Advance GDP October 2015”
US Forex Accounts Drop 2.5% in Q3
According to a new report by Forex Magnates, the number of US forex accounts dropped by 2.5% to 101,020 in Q3 2012. The profitability level remained almost unchanged: +0.3% on average and -0.6% on a weighted basis. Michael Greenberg compiled the data and shows that CitiFX Pro has the best profitability rate, 45%, with Interactive … “US Forex Accounts Drop 2.5% in Q3”
What are the prospects for Brazil’s economy leading up
Guest post by Nick Dockerty, who is a financial writer for IG, a leading financial spread betting and CFDs provider. For more information visit: http://www.igindex.co.uk/ Over the last couple of years Brazil’s economy has slowed down. After notching up growth of 7.5% in 2010, annualised GDP in 2012 so far is just 1.9%. However, a series of … “What are the prospects for Brazil’s economy leading up”
MahiFX Introduces Trading and Price Alerts
New Zealand based forex broker MahiFX continues its rapid development and now launches a new feature: notifications for trading and price alerts. This news joins the previous announcement about Customisable Viewing Options to Trading Platform. For more details about this new feature, here are more details form the press release: Customisable call alerts system accompanies newest … “MahiFX Introduces Trading and Price Alerts”
Risk Appetite, Pound Push Euro Higher
Euro is heading higher today, helped along by risk appetite, and even dragged a little bit by better performance from the pound. Euro is gaining ground as optimism returns to the markets. At least, there is optimism regarding the wider global economy, and that is taking some of the focus away from the problems in the eurozone. Right now, euro is gaining, particularly against the US dollar, as the situation for the global economy improves somewhat. … “Risk Appetite, Pound Push Euro Higher”
Stimulus Expectations Send Japanese Yen Lower
With a Bank of Japan policy meeting coming up in October 30, many expect an announcement related to stimulus efforts. As a result, the Japanese yen is heading lower against other majors right now on the speculation that stimulus efforts will weaken the currency. The Japanese yen is heading lower as Forex traders speculate that the October 30 meeting by Bank of Japan policymakers will result in additional measures to stimulate the Japanese economy. … “Stimulus Expectations Send Japanese Yen Lower”
Loonie Gains on Expectations of Higher Interest Rates
The Canadian dollar was higher today as the central bank reiterated its suggestion that interest rates should be higher in the future. That suggestion opposed the comments of bank’s Governor Mark Carney, who was less hawkish. Carney said at yesterday’s press conference that “the case for adjustment of interest rates has become less imminent”. Such comments contrasted to Bank of Canada’s Monetary Policy Report that repeated the words … “Loonie Gains on Expectations of Higher Interest Rates”
NZ Dollar Advanced as RBNZ Does Not Cut Interest Rates
The New Zealand dollar climbed today, reaching the record high since April against the Japanese yen, after the Reserve Bank of New Zealand maintained its key Official Cash Rate unchanged and refrained from suggesting rate cuts in the accompanying statement. The RBNZ left its main interest rate at 2.5 percent. Governor Graeme Wheeler said: Market sentiment has improved from earlier in the year, suggesting the risks to the global outlook … “NZ Dollar Advanced as RBNZ Does Not Cut Interest Rates”
Iceland: How Letting Banks Fail Lifted the Economy (Video)
Iceland was badly hit by the global financial crisis, but also recovered quickly. Basically, they let the banks fail and not fall on the citizens’ shoulders. How did they do it? The video below explains. Spain, which also has a troubled banking sector, isn’t exactly moving in the Icelandic path, but rather choosing the Irish … “Iceland: How Letting Banks Fail Lifted the Economy (Video)”