Pound Drops Even as Leading Index Rises

The Great Britain pound dropped today even as a report showed that Britain’s leading indicators rose in February. The currency still headed to a weekly gain against the US dollar and the Japanese yen. The Conference Board Leading Index increased 0.4 percent in February. The January growth was revised from 0.2 percent to 0.4 percent, while the gauge declined 0.2 percent in December. The data was rather positive, yet the currency declined. Still, … “Pound Drops Even as Leading Index Rises”

Read More

Baht Near Record Since 1997

The Thai baht advanced today, trading near the highest level since 1997. Other Asian currencies, except the yen, also advanced on foreign capital inflows. Investors are attracted to Asian economies, which for the most part looks better than economies in other parts of the world. Aggressive quantitative easing in Japan make speculators takes their money elsewhere. Thailand is one of destinations for foreign capital, especially for carry traders who … “Baht Near Record Since 1997”

Read More

Canadian Dollar – Economy Strengthening – Parity on the

The picture for Canada didn’t look so bright earlier in the year, but it has since improved quite impressively in quite a few parameters. The loonie recovered from the lows, and it could challenge parity in April, especially as inflation numbers challenge the recent dovishness of the BOC. * This article is part of the … “Canadian Dollar – Economy Strengthening – Parity on the”

Read More

CAD Touches 7-Week High vs. USD

The Canadian dollar touched the highest level in seven weeks against its US counterpart as the positive market sentiment drove investors to assets that offer higher risk, but also bigger yield. The Canadian New Housing Price Index rose 0.2 percent in February. Forecasters have anticipated it to increase with the same 0.1 percent as in January. Some analysts think that all poor data from Canada has been … “CAD Touches 7-Week High vs. USD”

Read More

NZ Dollar Rallies Despite Mixed Fundamentals

The New Zealand dollar climbed today as data showed an expansion of the manufacturing sector. Not all fundamentals were good, but this did not deter the currency from reaching the highest level since August 2011 against the US dollar and the strongest price since February 2008 versus the Japanese yen. The BNZ-BusinessNZ seasonally adjusted PMI was at 53.4 in March. It was a drop from the February’s 56.0, but could still … “NZ Dollar Rallies Despite Mixed Fundamentals”

Read More

Euro Battles on in Spite of Continued Economic Concerns

Euro is holding on to its gains against the US dollar and the Japanese yen right now, thanks in part to the news regarding those two currencies. However, there are still plenty of issues poised to plague the eurozone. Euro may not be on as stable footing as thought. Recently, European Union officials listened to a report on the comparative state of eurozone economies. Olli Rehn, the European commissioner over economic and monetary affairs pointed out … “Euro Battles on in Spite of Continued Economic Concerns”

Read More

UK Pound Higher Against US Dollar – For Now

UK pound is moving higher against the US dollar today. The British currency is also seeing gains against the Canadian dollar. However, even though UK pound is getting a boost for now, the future of the sterling might not be so rosy. Today, the UK pound is getting help from the fact that the latest US economic data was a bit disappointing. The economic situation is putting a little … “UK Pound Higher Against US Dollar – For Now”

Read More

Before we talk about Cyprus

Johny Abuaitah, Managing Director of Windsor Brokers follows up on the previous statement detailing 3 types of Cypriot forex brokers, and reminds everybody about the bigger picture. Here is the text sent from Windsor: “Before we talk about Cyprus, it is important to bear in mind that banks worldwide became involved in two successive global … “Before we talk about Cyprus”

Read More

Krona Gains as Swedish Inflation Accelerates

The Swedish krona gained today as consumer price inflation accelerated, beating analysts’ forecasts and improving prospects for the nation’s economy and currency. The Swedish Consumer Price Index rose 0.4 percent in March from February. The annual inflation rate was at 0.0 percent in March after falling 0.2 percent in February. Analysts have anticipated that the rate would fall 0.2 percent last month too. USD/SEK ticked down from 6.3965 … “Krona Gains as Swedish Inflation Accelerates”

Read More