The Great Britain pound rose today for a fourth day as the growth of the UK service industries in January was better than the economists predicted, reinforcing the outlook for a interest rates hike by Britain’s central bank. The Markit/CIPS Business Activity Index rebounded sharply in January, rising from 49.7 to 54.5, the highest level since May 2010. The expected value was 51.2. The report explained the good growth by “improved weather and return to business as normal”. GBP/USD … “Rising Services PMI Pushes Pound Further Up”
Author: admin_mm
British Services Help Pound
The British pound enjoyed three good purchasing managers’ indices in the past week – the last to come out was the most important. The services sector is very important in Britain. Last month was shocking – the score fell below the 50 point mark, meaning that this sector was squeezing. This goes hand in hand … “British Services Help Pound”
Tanks Fire in Cairo
Heavy arms are firing in Cairo, either tanks or APC vehicles. It’s still unclear what’s going on. As darkness falls on Egypt, the situation could deteriorate further – this is what happened yesterday. Newly appointed Egyptian vice president Omar Suleiman will go on TV soon. The prime minister Ahmad Shaifq had a very long press … “Tanks Fire in Cairo”
Australian Dollar Rises with Mortgage Approvals & Trade Surplus
The Australian dollar went up today as the number of mortgage approvals surged and the trade surplus expanded more than predicted. The number of mortgage approvals jumped 8.7 percent in December. This growth looks astonishing compared to the expected value of 1.6 percent and considering the decline by 3.9 percent in November. The trade balance posted a surplus of 1.98 billion in December, while the median forecast was 1.63 billion. AUD/USD rose from 1.0101 to 1.0126 as of 12:19 … “Australian Dollar Rises with Mortgage Approvals & Trade Surplus”
Shahira Amin Quit Egyptian State TV
Senior State TV reporter Shahira Amin quit Nile TV, the government’s television station. Speaking on Al-Jazeera, she said that she can’t stand the government’s propaganda anymore, and that she came to be with the people in Tahrir (Liberation) square. Shahira Amin’s move is currently the first made by the media. The television building are heavily guarded by … “Shahira Amin Quit Egyptian State TV”
Corrective Reversal on EUR/AUD – Eliott Wave Video
Hello Traders! Euro is showing a very strong picture across the board, already since start of January. This currency is also showing a significant recovery against the Australian dollar, which is quite interesting if we consider that Euro was one of the weakest while the Australian dollar was one of the strongest lcurrencies in 2010. Guest … “Corrective Reversal on EUR/AUD – Eliott Wave Video”
Ruble Gains as Brent Oil Trades Above $100
The Russian ruble strengthened after Brent crude oil rallied above $100, attracting investors to the assets of the biggest world energy exporter. Brent oil rallied 0.6 percent to $102.36 per barrel. Brent has risen 8 percent this year, allowing the ruble to appreciate 1.8 percent. Oil and natural gas makes up about a quarter of Russiaâs economic output. The analysts say that the ruble has potential to rise further. … “Ruble Gains as Brent Oil Trades Above $100”
Loonie Gains as Crude Oil Climbs to Two-Year High
The Canadian dollar rose today as the prices for crude oil rallied to the highest level in two years and as the global economic recovery increased attractiveness of the currencies linked to growth. The price for crude oil, the main export of Canada, climbed as much as 1.1 percent to $91.78 a barrel. The loonie, as the Canadian currency is nickname, also is benefiting from the signs of the global economic growth. The employment increase in the US was considerably better than was predicted, posting … “Loonie Gains as Crude Oil Climbs to Two-Year High”
Rumor – Obama to Egyptian Army: Down With Mubarak
There’s a rumor that US President Barack Obama has told the Egyptian army to put Mubarak down and take over the country. Right now. The White House is in touch with commanders Egypt’s army and is telling them to act against Hosni Mubarak right now. Western government are using softer words in the open: “the … “Rumor – Obama to Egyptian Army: Down With Mubarak”
Forex Best Awards 2011 – FXStreet
Leading forex portal FXStreet has an annual awards events in 12 different categories – all are contributors to their site. I’m honored that Forex Crunch is nominated in 2 categories – both in the best fundamental analysis category and in the best new contributor category. The winners will be determined according to viewers’ votes. Voting … “Forex Best Awards 2011 – FXStreet”