The US dollar rose today against the Great Britain pound and the Japanese yen after the reports showed that the manufacturing expanded and the construction spending increased in the US. The currency fell versus the euro. The Institute for Supply Management Purchasing Managers’ Index rose from 56.6 percent in November to 57.0 percent in December. The construction spending grew 0.4 percent in November. That’s compared to the median forecast of 0.2 percent and the October reading of 0.7 percent. The Standard … “Dollar Gains vs. Pound & Yen on Economic Reports, Falls vs. Euro”
Author: admin_mm
Forecast: Dollar Will Drop and Can Lose Its Role in World Economy
The US dollar was weakening in 2010 amid the concerns about the US economy and as the quantitative easing damped the appeal of the currency. On the other hand, the dollar managed to rise somewhat recently. What the future holds for the US currency this year? Performance of the dollar is tied with the health of the US economy. The economy looked rather weak for the most part of the year, but now slowly recovers. Is the recovery sustainable? There are positive factors … “Forecast: Dollar Will Drop and Can Lose Its Role in World Economy”
Polish Zloty Rebounds as Inflation Reaches 11-Month Record
The Polish zloty traded near the opening level today after the initial decline as the inflation climbed to the highest level in 11 months, according to the government’s estimates. Poland’s Finance Ministry estimated that the annual inflation jumped to 3.1 percent in December, compared to 2.7 percent in November. The consumer prices rose 0.3 percent from November to December, according the estimate of the ministry. USD/PLN traded near its opening level of 2.9628 as of 13:00 GMT after … “Polish Zloty Rebounds as Inflation Reaches 11-Month Record”
Norwegian Krone Erases Losses on Positive Outlook for Economy
The Norwegian krone slumped at the start of today’s trading session, but was slowly rising after that on the anticipation for the Norwegian policy makers to shield the nation from the problems in other countries. The balanced Norwegian economic policy resulted in the lowest unemployment in Europe, giving the central bank an incentive to raise the interest rates. On the other hand, decisions should be made carefully, as the possible appreciation of the krone may hurt the exporters’ profits from the record oil … “Norwegian Krone Erases Losses on Positive Outlook for Economy”
Spain – China Will Buy Bonds?
Li Keqiang, the Vice President of China, wrote an article in Spain’s largest newspaper, El Pais, and pledged to buy Spanish public debt. This may well help the lower the yields, and allow cheaper refinancing for Spain throughout 2011. Spain has a lot of money to rollover / pay back, especially at the beginning of … “Spain – China Will Buy Bonds?”
Dollar Outlook For 2011
Guest post by NewstraderFX With the Federal Reserve still committed to adding liquidity by purchasing another $800 billion of Treasuries through June, and an economy which is likely to grow between 3% and 4%, we can still look for the dollar to weaken against currencies like the euro, pound and Australian dollar as stocks continue to … “Dollar Outlook For 2011”
AUD/USD Uptrend Continuation-Elliott Wave
Aud/Usd is trading nicely higher, already since start of December 2010 when pair bounced from the 0.9828 support where a corrective wave 2) has finished. With this being said, on a 4h chart pair should now be trading in a red wave 3), sub-wave of a blue wave (5) from a daily chart, which will … “AUD/USD Uptrend Continuation-Elliott Wave”
EUR/USD 2011 Forecast
After a roller coaster year for Euro/Dollar, 2011 promises to be no less dramatic. The main factors moving the currencies are far from being resolved, and the actions that policymakers and market makers will take are unknown. Full year predictions in forex are from being an exact science, but there’s a general direction. 2010 – … “EUR/USD 2011 Forecast”
Portugal Bailout To Be The Last?
France will start a busy week and a busy year of selling debt – it aims to raise 8.5 billion euros on Monday. Also Germany, Belgium and the Netherlands will raise money, but the focus will be on Portugal, which will go for a modest 0.5 billion euros on Wednesday. Portugal is marked as the … “Portugal Bailout To Be The Last?”
Private Payrolls Gains Tripled in December – Bloomberg
According to a Bloomberg survey of 61 economists, Non-Farm Payrolls are expected to show a gain of 140,000 jobs, made by the private sector, that is predicted to have created 155,000 jobs, more than triple the 50,000 reported in November. I believe that the headline figure will be higher, more towards the high end of … “Private Payrolls Gains Tripled in December – Bloomberg”