Canadian dollar is getting a little help today in currency trading on the FX market, thanks to better economic data. The embattled loonie is making some progress against some of its major counterparts, thanks to better GDP data and expectations of a good manufacturing report. However, these gains aren’t expected to last as oil prices continue to drop. The economic news out of Canada has been generally good for the last couple of days. … “Loonie Finds a Little Support in Forex Trading”
Month: December 2014
Manufacturing Data Helps UK Pound
Manufacturing data is providing a boost for the UK pound today. After seeing days of poor performance, the sterling is getting a little help from economic data. According to Markit, the UK manufacturing purchasing managers’ index moved higher for November. The index moved to 53.5 in November, gaining from 53.2 in October. It might seem like a small gain, but many analysts had expected a loss in the index, so any gain … “Manufacturing Data Helps UK Pound”
Forex Crunch Key Metrics November 2014
The month of November 2014 saw a significant year over year growth but lower numbers than in October and September, which were record months. While there were quite a few interesting stories moving markets, extreme moves were somewhat missing from EUR/USD, the world’s most popular pair. Here are the numbers: Page Views: 574,887. Sessions: 223,831. Users: … “Forex Crunch Key Metrics November 2014”
GOLD: Looks To Extend Weakness
GOLD: With a sell off occurring on GOLD the past week, further bearishness is now envisaged. If this occurs, a recovery higher could occur toward the 1,150.00 level. On the downside, support stands at the 1,130.00 level where a break will aim at the 1,100.00 level. Below here if seen could trigger further downside towards … “GOLD: Looks To Extend Weakness”