The Canadian dollar tumbled today versus the US currency as the report about the slower pace of the Canadian inflation growth caused the investors to reduce bets on the increase of the interest rates by Canada’s central bank. The core Consumer Price Index (excluding eight of the most volatile components) fell 0.1 percent in July, while the growth was predicted by the analysts. The Canadian currency was also weakened by the risk aversion sentiment among the investors, spurred by the signs of the slower … “Canadian Dollar Falls on Slower Inflation & Rates Outlook”
Author: admin_mm
Euro Weakens as Weber Suggests EU Economy Needs Help
The euro slumped today after Axel Weber, the President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank, suggested that the European Central Bank would be required to aid European Union’s struggling economy by the end of this year. Weber said that: Most of these discussions about the continuation of the exit I think will be focused on the first quarter. Itâs clear that we need to re-embark on a normalization procedure. The economists … “Euro Weakens as Weber Suggests EU Economy Needs Help”
Stand Out And Prosper Or Conform And Fail
Guest post from visionsofaffluence.com There are times when following the pack is great. Like if you’re walking down the street and you see all the people ahead of you turning and running in the opposite direction, its probably a good idea for you to do the same. In fact it’s the natural response and part of … “Stand Out And Prosper Or Conform And Fail”
Yen Rises with Increasing Demand for Safe Haven
The Japanese yen rose today against most other major currencies on the speculation that the slowdown of the global economic growth will increase demand for the Japanese currency as the safe haven. The experts estimated that the sales of the existing homes in the US dropped 13.9 percent in July, following the decline by 5.1 percent in May. The government report will be released on August 24th. The Stoxx Europe 600 Index was little changed, following the two days … “Yen Rises with Increasing Demand for Safe Haven”
Thai Baht Gains on Capital Inflows & Central Bank’s Statement
The Thai baht gained today as the outlook for the economic growth in Asia increased the inflows of the global funds in the region and after the central bank suggested that it wouldn’t limit the currency’s appreciation. Thailand’s central bank said that it’s “not concerned” with the baht’s gains as long as the baht moves in line with other Asian currencies. The Asian developing economies expected to expand 9.2 percent this year, attracting more and more investors … “Thai Baht Gains on Capital Inflows & Central Bank’s Statement”
Canadian Dollar Falls as Economy Slows
The Canadian dollar slipped today after the economic reports from both the US and Canada itself intensified the concerns about the slowdown of the global economic growth. The wholesale sales in Canada declined 0.3 percent in June, while the growth by 0.4 percent was predicted. The US unemployment claims unexpectedly jumped to 500,000 last week. The Standard & Poor’s 500 index declined 1.3 percent and the MSCI World Index fell 0.2 percent, following … “Canadian Dollar Falls as Economy Slows”
Dollar Weakens as Reports Signal About Slowdown of US Recovery
The US dollar weakened today against most other major currencies after the unemployment claims unexpectedly surged and other reports signaled that the economic recovery in the US is slowing. The report about the initial jobless claims unpleasantly surprised the traders as the claims for the jobless benefits jumped from 488k to 500k last week, instead of declining to 478k as was expected. The Business Outlook Survey of the Federal Reserve Bank of Philadelphia showed that the manufacturing … “Dollar Weakens as Reports Signal About Slowdown of US Recovery”
Ringgit Goes Higher as Economy Grows & Control Relaxes
The Malaysian ringgit advanced today after Malaysia’s economy posted the faster-than-expected growth and the central bank relaxed foreign-exchange controls. The nation’s economy grew 8.9 percent last quarter, compared to the forecast value of 8.4 percent. Malaysiaâs economic growth was almost fastest in the decade in the second quarter, spurred by the growing exports of oil and electronics and the increasing domestic spending. The central bank eased the foreign-exchange regime, which was installed in 1998 during the peak … “Ringgit Goes Higher as Economy Grows & Control Relaxes”
Great Britain Pound Rises on Smaller Budget Deficit
The Great Britain pound rose today versus other major currencies as the nation’s budget shortage in July was smaller than expected. The UK budget posted the deficit of 3.17 billion pounds ($5 billion), compared with 5.52 billion pounds in the previous year. The analysts expected the deficit of 4.8 billion pounds. The report supported the outlook that the measures, taken by the new government, will reduce Britain’s debt. GBP/USD traded at 1.5640 today … “Great Britain Pound Rises on Smaller Budget Deficit”
What Your Mother Never Told You About Trading
Guest post from visionsofaffluence.com If you think that trading is going to be a magic bullet that is going to make you rich overnight with little effort then I’m sorry to have to be the one to break it to you but you are dead wrong. I mean I don’t blame you for thinking that because … “What Your Mother Never Told You About Trading”