The Canadian dollar rose today against its US counterpart after two day of losses on the better-than-expected economic reports from Canada and as the speculation that the debt problems of Ireland would be prevented from spreading to other European countries boosted the stocks and crude oil. The euro benefited more from the improving sentiment, outperforming the loonie. Canada’s Leading Indicators rose 0.2 percent in October, following the decline by 0.2 in September. The wholesale sales … “Talks About Ireland’s Bailout Improve Sentiment, Supporting Loonie”
Author: admin_mm
Brazilian Real Gains as Risk Appetite Increases
The Brazilian real rose today as the speculation that Ireland would receive the aid improved the traders’ risk appetite and increased the demand for the higher-yielding markets. Previously the real was declining as the concerns for the European debt problems damped demand for the currencies of the emerging-markets nations. Now, as the concerns somewhat receded the investors, interested in so-called carry trade, may be drawn to Brazil with its high interest rates. Brazilâs benchmark lending rate is 10.75 … “Brazilian Real Gains as Risk Appetite Increases”
Euro Rises as Bailout May Prevent Spreading of Ireland’s Problems
The euro rose today on the hopes that the bailout, provided for Ireland, would prevent Ireland’s debt problems from spreading to other countries of the European Union. The officials from the European Union and the Internationals Monetary Fund are going to meet tomorrow in Dublin to discuss the possible bailout for Ireland. It looks like the confidence in the euro increases as the actual steps to resolve the problem are taken. EUR/USD jumped from 1.3528 to 1.3641 as of 9:58 GMT today. … “Euro Rises as Bailout May Prevent Spreading of Ireland’s Problems”
FXCM Worth $1 Billion?
We’ll soon get an answer to the question above. FXCM filed for an IPO in New York’s stock exchange, for a value of $975 million to 1.1 billion dollars. When the stock will start trading, it may serve as an interesting barometer for the forex industry. The prospectus towards the offering of stocks already reveals … “FXCM Worth $1 Billion?”
AUD/USD: Corrective Recovery From 0.9720
On a 4h chart we can see a nice five waves of decline from the most recent highs, established at 1.0175 region. As such, an upward reaction from the 0.9723 region is actually not a surprise as we know that a corrective pull-back always follows when five wave, impulsive move completes. Guest post by Gregor Horvat … “AUD/USD: Corrective Recovery From 0.9720”
What It Really Takes To Be Successful
Trading is a business. Now you may be thinking to yourself “Yeah know that, tell me something I don’t know” but you would be surprised at how many people don’t realize this and if they do they certainly don’t treat it like one. They start trading and they think that all they have to do … “What It Really Takes To Be Successful”
New Zealand Dollar Advances as Producer Prices Rise
The New Zealand dollar strengthened today against its US counterpart after the report showed that the producer prices rose more than the economists anticipated, causing the speculation that the central bank may raise the interest rates further. New Zealand output producer prices rose 1.2 percent in September, while it was expected to increase only by 0.6 percent. The output producer prices rose 0.7 percent, compared to the median … “New Zealand Dollar Advances as Producer Prices Rise”
Canadian Dollar Weakens on Concerns About US Economic Health
The Canadian dollar dropped today as the poor economic reports from the US caused the concerns about the effect of the quantitative easing on the US economy and decreased the attractiveness of the currencies related to the economic growth. The Federal Reserve announced on November 3rd the so-called quantitative easing. The Fed said it plans to purchase $600 billion in Treasuries through June to bolster the employment and the inflation. These plans received the tremendous amount of the criticism as many economists thought that the excessive … “Canadian Dollar Weakens on Concerns About US Economic Health”
Dollar Falls as CPI & Housing Starts Decline, Jobless Claims May Rise
The US dollar declined today as the reports from the US signaled that the recovery of the US economy may be slowing, decreasing the attractiveness of the US currency as the safe haven. The Consumer Prices Index increased 0.2 percent in October, while it was expected to rise by 0.3 percent. The housing starts were at the seasonally adjusted annual rate of 519,000 in October, while the September reading was 588,000. The tomorrow’s report expected to show the growth of the jobless … “Dollar Falls as CPI & Housing Starts Decline, Jobless Claims May Rise”
Pound At The Channel Support
Pound was one of the weakest currencies yesterday, especially against the US dollar, when Gbp/Usd broke through 1.5950 support region. A very sharp bearish price action from 1.6180 suggests that pair could be in a third wave here; a red wave 3) which may easily reach much lower levels in the near future. Guest post … “Pound At The Channel Support”