The Canadian dollar rose against its U.S. counterpart after two days of decline as demand for the crude oil, the main Canada’s export, increased and the commodity prices rallied. The loonie performed not so well against other currencies, including the euro, against which Canada’s currency continued to fall. The S&P 500 Index dropped 0.8 percent. The decline of the stocks usually followed by the decline of the loonie, but this time the effect of the falling equities … “Loonie Rises vs. Greenback, Falls vs. Euro”
Author: admin_mm
Yen Strengthens vs. Dollar on Increasing Growth Concern
The Japanese yen rose today against the U.S. currency as the growing concern for the global recovery spurs the investors to seek safety, increasing the appeal of the Japanese currency. The U.S. economy continues to show the sings of the weakness. While the banking sector in Europe looks pretty robust, the manufacturing sector gives the reason for the concern. According to the experts’ estimates, the manufacturing confidence in the Eurozone was minus five in July. USD/JPY fell from 87.44 to about 87.17 today as of 8:58 … “Yen Strengthens vs. Dollar on Increasing Growth Concern”
Euro Rises vs. Dollar as U.S. Economy Shows Signs of Weakness
The euro rose against the U.S. dollar today on the concern for the U.S. economic recovery, which decreased the appeal of the U.S. currency for the investors and increased the attractiveness of the shared European currency. The euro regained some of its strength after the stress tests showed that only seven European banks required to raise capital. In the same time, the U.S. gives more and more reasons for the concern about its economic growth. The analysts’ estimates say that the gross … “Euro Rises vs. Dollar as U.S. Economy Shows Signs of Weakness”
How to Make Profitable Entries in Your Forex Trading
Guest post by Kris Matthews tradeforexfundamentally.com Have you ever put a trade on after seeing the market run nicely in one direction only to see the market immediately move in the opposite direction? Have you ever waited for a pair to come down to a specific price level that you were certain would hold, only … “How to Make Profitable Entries in Your Forex Trading”
Eur/Usd Trading – 3 Tips That Will Make You the
Guest post from visionsofaffluence.com Ok, so maybe I exaggerated a bit about you becoming the next George Soros but with these tips you will definitely be able to make a lot of money. 1. Only trade it during the U.S European Overlap. That’s not to say that you can’t have success trading it at other times … “Eur/Usd Trading – 3 Tips That Will Make You the”
Zloty Rise vs. Euro as Economic Growth May Cause Rates Hike
The Polish zloty extended its rally for the eighth consecutive day against the euro as the estimates of the Economy Ministry showed that the economy grew with the increasing pace, igniting the speculation that the central bank may raise the interest rates. The Polish currency dropped against the U.S. dollar slightly. The Economy Ministryâs report showed that the gross domestic product grew by 3.1 percent in the first half of this year, compared 1.8 percent in 2009. … “Zloty Rise vs. Euro as Economic Growth May Cause Rates Hike”
Dollar Declines vs. Yen as Durable Goods Orders Unexpectedly Fell
The U.S. dollar fell today against the Japanese yen after the report today showed that the orders for the U.S. durable goods fell unexpectedly in June, fueling the concern for the economic recovery and spurring the investors to turn to the safety of Japan’s currency. The EUR/USD moves up and down today after it closed yesterday near its opening level. Durable goods orders declined for the second consecutive month, falling by 1.0 percent in June after dropping … “Dollar Declines vs. Yen as Durable Goods Orders Unexpectedly Fell”
Aussie Falls as Low Inflation Promises Unchanged Interest Rates
The Australian dollar fell today for a second day against its U.S. counterpart as the in inflation rose slower than expected, fueling the speculation that the central bank would keep the interest rates unchanged. The consumer price index rose 0.6 percent in the June quarter 2010, compared with the rise of 0.9 percent in the March quarter 2010. The forecasts promised the 1.0 percent growth. There are not many reasons for the Reserve Bank of Australia … “Aussie Falls as Low Inflation Promises Unchanged Interest Rates”
Brazilian Real Falls as Central Bank May Intervene to Curb Gains
The Brazilian real declined today on the speculations that the central bank may start selling the currency for the dollars for the first time in more than a year. The central bank needs to curb the real’s gains and protect the nation’s exporters after the currency appreciated 6.2 percent in the last two months and the current account deficit grew. The bank already has intervened previously, but that wasn’t enough to stop the currency’s rally. USD/BRL traded at 1.7685 as of 8:24 … “Brazilian Real Falls as Central Bank May Intervene to Curb Gains”
EUR/USD – This is Resistance
EUR/USD is flirting with the 1.30 line and currently fails to make the breakout that many people are waiting for – resistance is very strong. In the narrowing uptrend channel, it will soon have to make a decision. EUR/USD already crossed the psychological level of 1.30 on July 16th, peaking at 1.3007. 4 days later, … “EUR/USD – This is Resistance”