The Canadian dollar rose against its US counterpart as commodities and stocks gained, increasing attractiveness of assets related to economic growth, on the speculation that the European crisis may be resolved. February delivery for crude oil, the key Canadian export, jumped $0.75 to $91.86 per barrel on NYMEX as US crude oil inventories decreased more than was predicted. March delivery for in copper advanced $0.0405 (0.9 percent) to $4.3895 per on COMEX. … “Canadian Dollar Benefits from Rising Stocks & Commodities”
Author: admin_mm
Swiss Franc Weakens vs. Euro as Worries for Debt Crisis Abate
The Swiss franc weakened versus the euro as the efforts of the European and Asian governments to contain the European debt crisis and the advance of commodities and stocks decreased demand for the currency as a safe haven. Portuguese bonds advanced in the second half of the previous trading session after Portugal auctioned its debt in the first half. European leaders are going to meet next week in order to discuss the bailout for Portugal. The rescue fund, used to bailout indebted nations, may be … “Swiss Franc Weakens vs. Euro as Worries for Debt Crisis Abate”
China Allows Yuan Appreciate, Can It Do So?
The Chinese yuan appreciated today on the speculation that China will allow its currency to strengthen ahead of the President’s Hu Jintao visit to the US next week. The analysts have divided opinions on the ability of the yuan to appreciate. Dariusz Kowalczyk, an economist at Credit Agricole CIB, said that “China has managed the currency in such a way that it has depreciated versus the basket, which gives it room to appreciate”. Philip Wee, an economist … “China Allows Yuan Appreciate, Can It Do So?”
Euro’s Rally Loses Momentum
The euro continued to rise against the US dollar on the speculation that the Asian countries will aid the Eurozone, but the currency tends to decline as many traders think that it’s a temporary solution at best. The investors’ sentiment about the euro improved slightly after China and Japan announced their plans to buy the European debt. Additional yield investors demand to hold Irish, Italian, Portuguese and Spanish bonds instead of German bunds decreased. The rally … “Euro’s Rally Loses Momentum”
USD/CAD Reaches New Lows
The Canadian dollar enjoyed the weakness of the US dollar to push forward to fresh multi year levels. USD/CAD went as low as 0.9866 before rising again. This came despite weak figures from Canada so far this week – two housing sector figures came out worse than expected. Nevertheless, the retreat of the US dollar, … “USD/CAD Reaches New Lows”
Disaster Prevented Aussie from Rising on Rally of Commodities
The Australian dollar wasn’t been able to profit from the rally of commodities and continued to fall as the floods, which are worst since 1893, threaten to disrupt the nation’s economy and can prevent the central bank from raising the interest rates. Brisbane experienced its worst floods since 1893 as heavy rains caused the rivers to overflow the banks and huge amount of water ran to the city, forcing the inhabitants to evacuate. Premier Anna Bligh announced that … “Disaster Prevented Aussie from Rising on Rally of Commodities”
Pound Rises as UK Economy Looks Stronger Than EU Economy
The Great Britain pound gained today as the speculation that the economy of Britain will prove to be stronger that the economy of the European Union boosted the appeal of Britain’s currency. Low demand for the Portuguese bonds will likely prevent Portugal from gathering enough profit for avoiding a bailout. Elsa Lignos, a currency strategist at Royal Bank of Canadaâs RBC, said: The inability to draw a line under the sovereign-debt issues undermines the euro and keeps a positive against … “Pound Rises as UK Economy Looks Stronger Than EU Economy”
Binary Options on Meta Trader 4
The relatively new field of binary options is growing rapidly. Leverate, a provider of solutions for forex brokers, introduces a platform for binary options that integrated into the popular MT4 platform popular with forex traders. I believe that 2011 will see more traders and more providers entering the field of binary options. This is also … “Binary Options on Meta Trader 4”
Zloty Rise as Policy Makers Signal About Higher Interest Rates
The Polish zloty rose today after four days of declines after the policy makers signaled about the possible increases of the interest rates and as Japan’s announcement of buying of the European bonds improved the market sentiment. The comments of the central bank Governor Marek Belka and other monetary policy makers caused the speculation that the main interest rate may be raised this month. Andrzej Rzonca of the Monetary Policy Council said stated that the zloty … “Zloty Rise as Policy Makers Signal About Higher Interest Rates”
Japan Plans Buy European Bonds, Supporting Euro
The euro strengthened today after Japan announced that it’s going to buy the European government bonds, allowing the European Union to raise funds for rescuing its indebted nations. Yoshihiko Noda, Japan’s Minister of Finance, said at the news conference in Tokyo: Itâs appropriate for Japan to make a contribution as a leading nation to increase trust in the deal. We want to buy more than 20 percent. The economists say that the Japan’s bonds-buying wouldn’t heal … “Japan Plans Buy European Bonds, Supporting Euro”