There’s been loads of talk this week about the correlation between stocks and the dollar thanks to an article in the Wall Street Journal and the reactions to it from folks on CNBC and in the blogosphere. The driving idea is that the relationship has broken down of late. Is that really the case? Well, let’s take … “Dollar-Stocks Correlation – Has it Broken Down?”
Author: admin_mm
Yen Weakens as Economic Recovery Progresses
The Japanese yen dropped today as the signs of the accelerating economic recovery decreased the attractiveness of the currency as a safe haven. The good economic data from all around the world reinforces optimism of traders, prompting them to leave safer assets in favor of higher-yielding ones. The forecasts, like the one predicting that the ADP Employer Services report will show an employment growth by 140,000 jobs, also support the good outlook. The MSCI Asia Pacific Index of regional … “Yen Weakens as Economic Recovery Progresses”
Civil War in Egypt?
Cairo is burning once again: Pro-Mubarak protesters are throwing stones and clashing with the masses of opposition, anti-Mubarak demonstrators. There are claims that the pro-Mubarak crowd is actually the police force, wearing plain clothes. The Egyptian army, including armored vehicles and tanks isn’t intervening. At first, they separated between the groups, but currently they’re not … “Civil War in Egypt?”
Pound Extends Gains on Expanding Construction Sector
The Great Britain pound continued its rally today, rising for a third day against the US dollar, as the report showed that UK construction sector returned to growth in January. The Markit/CIPS Construction Purchasing Managersâ Index (seasonally adjusted) showed a solid expansion of activity in the UK construction sector, rising from 49.1 in December to 53.7 in January. Market participants expected a smaller growth to 49.8. One of the reasons for the improvement was better weather conditions … “Pound Extends Gains on Expanding Construction Sector”
Lower Demand for Safety Saps Strength of Swiss Franc
The good reports from Europe, especially Germany and the general optimism about the global economy reduced demand for safer currencies, including the Swiss franc, which retreated versus the Euro. The franc rose against the US dollar. The Eurozone Purchasing Managers’ Index increased from 56.9 to 57.3 in January. The number of jobless people in Germany declined by 13,000, reaching the lowest level in 18 years. The jobless rate in Germany slid to 7.4 percent in January, compared … “Lower Demand for Safety Saps Strength of Swiss Franc”
Global Economic Recovery Reduces Demand for US Dollar
The US dollar weakened today as the signs that the global economic recovery gains momentum caused investors favor riskier assets over safer ones, reducing appeal of the US currency. The Markit Eurozone Manufacturing PMI rose to 57.3 in January, the highest level in 9 months, the growth being led by Germany and Australia. The index was expected to remain at the previous level of 56.9. The Standard & Poorâs 500 Index rose 1.7 percent, the Stoxx … “Global Economic Recovery Reduces Demand for US Dollar”
Brazilian Real Goes Up with Rising Inflation
The Brazilian real edged up today as the index of consumer prices rose more than the analysts expected, increasing probability of an interest rate hike by the central bank. The IPC-S index (the weekly index of consumer prices) of the Getulio Vargas Foundation rose 1.27 percent as of January 31, 2011, while the analysts at Bloomberg predicted an increase by 1.22 percent. The last week’s change rate was the biggest in about a year. USD/BRL slipped from 1.6680 to 1.6660 … “Brazilian Real Goes Up with Rising Inflation”
Hosni Mubarak Left Egypt?
Rumor says that Egyptian president Hosni Mubarak fled the country. This is only a rumor, but it’s echoed in many places. According to some birds on Twitter, Mubarak is in Bahrain flying away with his private jet. US Ambassador met El Baradei today. Rumour Mubarak gone to Bahrain. Still not confirmed. #jan25 #c4news #feb01 The … “Hosni Mubarak Left Egypt?”
How Can Forex Brokers Use Social Media to Attract New
Social media reaches a target audience more effectively than traditional sources, such as newspaper advertisements. The Forex industry has been paying attention and is increasingly gaining exposure via social media. Unfortunately, some Forex traders use social media to deliver spam. If used properly, the Forex industry can use social media to enhance its reputation with … “How Can Forex Brokers Use Social Media to Attract New”
FXCM Forex Execution Center Launched
US broker FXCM announces the launch of their forex execution center. The new mini-site doesn’t show statistics regarding execution, but is just intended to showcase the difference between execution methods – between no dealing desk (NDD) or ECN, and the more common market makers. I hope they will add execution figures. This imitative is similar to Gain’s … “FXCM Forex Execution Center Launched”