admin_mm – Page 1591 – News of the Planet of Investments

Less Shorts Against the Dollar This Week

The CFTC reports that speculators trim their net positions against the US dollar – around 15 billion from nearly 22 billion last week. Looking deeper, most short positions were moved from the Euro, as the Irish crisis was in the headlines throughout the week. But positions were trimmed in other currencies as well. Read more … “Less Shorts Against the Dollar This Week”

Canadian Dollar Rises vs. Greenback, Falls vs. Euro

The Canadian dollar fell today against the euro on the concern that China is going to slow its economic growth in order to battle the rising inflation. The Canadian currency fell also versus the US dollar but rebounded later. The speculation that the China would perform the measures to cut the inflation and prevent the asset-bubble hurt the stocks and commodities markets. The MSCI World Index of equities in developed nations fluctuated, following the previous decline of 0.6 percent. … “Canadian Dollar Rises vs. Greenback, Falls vs. Euro”

Irish Bailout Undermines Demand for Pound

The Great Britain pound fell today as the talks about the anticipated bailout for Ireland undermined the demand for the currency as the safer asset. The decline hasn’t erased yesterday gains as the sterling surged on the yesterday’s session too high and attempted to continue its rally today before falling. Brian Lenihan, Ireland’s Minister for Finance, said yesterday that the government would be glad to receive “substantial contingency capital funding”, which may reach “tens of billions” … “Irish Bailout Undermines Demand for Pound”

[Video] Technical Outlook for EUR/USD, GBP/USD, USD/JPY and lots

Andrew Chaveriat, a forex technical strategist for BNP Paribas, covers the current situation in EUR/USD. In an interview with Julie Sinha on Forex TV, he marks the next levels for a Euro recovery, the levels that support the pair and the time frames for those events. And there’s lots more: commodities, the correlation between 10 … “[Video] Technical Outlook for EUR/USD, GBP/USD, USD/JPY and lots”

New Zealand Dollar Falls as China May Curb Inflation

The New Zealand dollar fell today on the concerns that China may raise its interest rates to cool the economy and to slow the inflation. Some analysts predict that the Chinese inflation may jump to 3.8 percent in the fourth quarter of this year. Wen Jiabao, the Premier of China, voiced concern that the high inflation may hurt economy and gathered the cabinet meeting on this matter, leading to the speculation that the government would take measures … “New Zealand Dollar Falls as China May Curb Inflation”

Swiss Franc Falls on Outlook for US GDP & Ireland’s Bailout

The Swiss franc dropped today against the euro as the optimism about the possible bailout for Ireland decreased demand for the safe currencies. The franc declined, after it earlier advanced, versus the US dollar on the speculation that the US GDP in the third quarter rose more than previously estimated. The analysts say that the US gross domestic product expanded 2.3 percent in the third quarter of 2010, while according to the previous estimates the growth was by 2.0 … “Swiss Franc Falls on Outlook for US GDP & Ireland’s Bailout”

Oanda High Profitability Explained by Interest Rate Payments

Michael Greenberg analyzes the high trader profitability rate that Oanda reported and explains that the difference is made by the fact that Oanda pays interest rate to traders. This may explain that passive accounts are profitable, raising the profitability rate to positive, far off other brokers’ numbers. See it here.

Forex Portfolio – Profits Rise With Differences Between Leaders

After presenting the forex investment portfolio last week, I am happy to report the profits rose. After 143 trades have been executed, it is interesting to see that the most risky trader is leading the pack. Should these trade leaders continue or should changes be made? Lorenzo Farro, the trader which has the highest risk … “Forex Portfolio – Profits Rise With Differences Between Leaders”

Lower US dollar In Coming Week – Elliott Wave Analysis

We can see some important reversal formation from Dollar bulls to Dollar bears with the price action seen in the past few sessions. Five waves up on euro, cable, down on dollar index and almost completed 5-wave structure on Aussie, gold and oil from the lows, definitely confirm a lower US dollar for the near-term … “Lower US dollar In Coming Week – Elliott Wave Analysis”

Aussie Gains on Outlook for Rates & Ireland’s Bailout

The Australia dollar rose today as the speculation about the possible bailout for Ireland increased demand for the higher-yielding assets, increasing the bets on the rates hike by the central bank. Ric Battellino, the Deputy Governor of the Reserve Bank of Australia, said that the inflation pressure will likely persist. He stated that “over the next couple of years as a result of the resources boom, the challenge will be to manage the economy in a way that keeps economic growth on a sustainable path, … “Aussie Gains on Outlook for Rates & Ireland’s Bailout”