The Canadian dollar declined last week. One of the major reasons for the underperformance was the economic tightening measures in China. The ensued speculation about Chinaâs plans to cool its economy weakened the growth-related currencies and caused the decline of the prices for crude oil, the biggest Canadaâs export. The concerns about the actions of the Chinese government will cause pressure on the Canadian currency. Still the outlook for the loonie this week is rather positive. The fundamental reports expected to support … “Week Marked by Optimism for Canadian Currency”
Author: admin_mm
Tradency Pause Feature Launched – Risk Control
Tradency, which develops mirror trading technology, announced a new and interesting feature – allowing the users to set a limit for losing strategies and limit risk. When this limit is reached, no new positions are made by the strategy – it is deactivated. This is a useful tool for controlling risk. In addition, the new … “Tradency Pause Feature Launched – Risk Control”
Temporary Top for Dollar Index
Risk is on today (higher stocks) on news of Ireland’s bailout package, which however is still not fully confirmed. Stocks may easily trade even higher today and push the US dollar even lower against the majors, since we know that higher stock are positive correlated with the Eur/Usd, Gbp/Usd, Aud/Usd… A current trend is also … “Temporary Top for Dollar Index”
NZD/USD Falls as S&P Downgrades New Zealand’s outlook
NZD/USD got a punch from S&P – the credit rating agency downgraded the country’s outlook from stable to negative and sent the kiwi down. NZD/USD rose before the announcement and reached 0.7835, but plunged more than 100 pips after this surprising news. The blame falls on the banking sector,that suffers a “significant weakening in the … “NZD/USD Falls as S&P Downgrades New Zealand’s outlook”
EUR/USD Expected To Jump On Irish Bailout Request
EUR/USD could have a good start to the week, perhaps with a weekend gap, as the Irish cabinet made a decision to officially ask for aid from the EU and the IMF. The size of the aid package is expected to be lower than 100-120 billion euros that was expected. This will impact other currencies … “EUR/USD Expected To Jump On Irish Bailout Request”
Spain Too Big To Bail?
While the focus is on Ireland, and there are insignificant talks about Portugal, they’re both relatively small in comparison with Spain, the Euro-zone’s fourth largest economy. Andy Jordan from the Wall Street Journal made a series of videos about the PIIGS countries. The video below discusses Spain’s issues – public and private debt, unemployment, housing … “Spain Too Big To Bail?”
Australia Real Estate Bubble?
There are more and more reports that Australia is about to feel the burst of a housing bubble. An Australian treasury official warned of a bubble (via Forex Live). According to the multi-decade graph, Australian property prices jumped quickly, much faster than OECD countries. Mish writes about how the Australian have “partied out” – comparing … “Australia Real Estate Bubble?”
Ireland Under Internal and External Pressure
The Irish cabinet meets today to discuss the 4 year, 15 billion euro cut in expenses, in order to show that the government is active and serious about cuts, before such plans are imposed by foreigners. After they sign it off today, it will be published on Tuesday. The IMF / EU delegation is “sitting” … “Ireland Under Internal and External Pressure”
Ireland Rushes To Lay Budget Cuts Before IMF Does
The Irish government is fighting to remain independent, after there’s already lots of criticism that Ireland is “under foreign occupation” – the big EU / IMF convoy to Ireland makes many feel that that the government is no longer in control, and that people from the outside tell it what to do. The Irish cabinet will present a four … “Ireland Rushes To Lay Budget Cuts Before IMF Does”
Interesting Week for Australian Dollar
This week was rather interesting for the Australian dollar as it gained versus some currencies and fell against others. Against some currencies the Aussie experienced volatile swings, yet managed to end the week not very far from where it started. The US dollar and the euro are the examples of the currencies against which the Aussie closed near opening level after some volatile moves. The Australian dollar was falling against … “Interesting Week for Australian Dollar”