The Swiss franc extended its gains today as stocks and commodities declined after the UK gross domestic product unexpectedly declined last quarter, reducing investors’ willingness to risk. The Swiss franc, which is considered to be a safe currency, benefits from the risk aversion sentiment across the markets. And the investors indeed turned away from riskier assets after Britain’s GDP posted the unexpected decline because of the bad weather in December. The franc … “Swiss Franc Gains as Sentiment Turns to Risk Aversion”
Author: admin_mm
US Dollar Drops with Lower House Prices & Slower Manufacturing
The US dollar weakened today after the report showed that house prices declined and manufacturing slowed in the US, reducing optimism for the nation’s economy. The S&P/Case-Shiller Home Price Index posted the 1.6 percent year-over-year decline in November. The index dropped 0.8 percent in the month before and was expected to decline 1.4 percent in November. The manufacturing activity expanded for the fourth straight month, but pace of the growth slowed. The Richmond Manufacturing Activity Index was … “US Dollar Drops with Lower House Prices & Slower Manufacturing”
Combining Forex Strategies and Binary Option Trading Systems
The most obvious difference between trading conventional Forex or via Binary Options is that Forex Binary Options expire hourly. Another advantage is that at the end of the hour your profit is fixed at 85%. Regardless of how much the asset moved in either direction, your role is simply to speculate in which direction the … “Combining Forex Strategies and Binary Option Trading Systems”
Aussie Weakens vs. Greenback on Slower CPI Growth
The Australian dollar slipped today against its US counterpart after the report showed that the inflation rose with slower pare than was predicted. The Australian Consumer Prices Index rose only 0.4 percent in December, while it was expected to grow at the 0.7 percent rate as in November. The slower pace of the prices’ growth reinforces worries about the impact of the natural disaster on the economy of Australia. AUD/USD dropped from 0.9973 to 0.9897 … “Aussie Weakens vs. Greenback on Slower CPI Growth”
Declining UK GDP Hurts British Pound
The Great Britain pound slumped today after the report showed that Britain’s GDP unexpectedly shrank, causing doubts about the nation’s ability to deal with the budget deficit. The UK gross domestic product decreased by 0.5 percent in the fourth quarter of 2010, compared with the increase of 0.7 percent in the previous quarter. The forecasts promised an increase by the same 0.5 rate. The report explained the decrease mainly by bad weather. GBP/USD tumbled from 1.5986 … “Declining UK GDP Hurts British Pound”
USD/CAD Rises on Low Canadian Inflation
Prices in Canada aren’t rising – CPI hasn’t changed in December and Core CPI dropped by 0.3%. This was lower than the already low expectations. This reduces the chances for a rate hike in Canada. The Canadian dollar retreats against the US dollar. USD/CAD now approaches parity once again after sitting at around 0.99 early … “USD/CAD Rises on Low Canadian Inflation”
Reality Bites GB£
Following the shocking news about British economy squeezing in Q4, here’s some advice on what needs to be done in Britain, and what this means for the British pound. Guest post by Bob Nielsen On 19 Jan 11 Yohay posted a brief comment from me titled ‘The Long Trend for GB‘, on the relevance of the … “Reality Bites GB£”
Loonie Falls with Crude Oil Prices, Regains Strength vs. Greenback
The Canadian dollar weakened on the signs of increasing supplies of crude oil, the main export of Canada, yet the currency managed to rebound versus its US counterpart as the stocks rallied. The Canadian dollar slipped after Ali al-Naimi, the Saudi Arabian Minister of Petroleum and Mineral Resources, said that the Organization of the Petroleum Exporting Countries will be able to meet the growing demand and signaled that Saudi Arabia isn’t interested in increasing oil prices. The possibility … “Loonie Falls with Crude Oil Prices, Regains Strength vs. Greenback”
AUD Rises with Stocks, But Australian Economy Remains in Danger
The Australian dollar strengthened today as the rally of stocks increased appeal of the riskier assets, but the concerns about the impact of the floods on the Australian economy persist and may curb the currency’s gains. The improving outlook for the global economy, and the US economy in particular, helped the equities to regain some strength, boosting the commodity currencies. The Standard & Poorâs 500 Index gained 0.5 percent as a result of the improving risk sentiment. “Risk sentiment is higher and equities are … “AUD Rises with Stocks, But Australian Economy Remains in Danger”
Assets of Forex Broker Seized After Trading Against A
An Israeli court has ordered a seizure order against Forex Place in a size of around $1.7 million for financial mismanagement in running a client’s account. The trader showed that the broker was trading against him and got a warrant to seize the broker’s assets. Here are more details. Update: The courts cleared the company of … “Assets of Forex Broker Seized After Trading Against A”