The Canadian dollar managed to grow this week and almost recovered from the last week’s losses against the U.S. dollar, as the the global stock markets gains combined with an excellent dynamics of the crude oil pushed CAD. The currency also rose against the euro despite a strong support for the latter from the stress test speculations. While the Canadian stocks performed quite well during this week (S&P/TSX rose by about 1.31 percent), crude … “Loonie Weekly Recovery Stocks and Oil”
Author: admin_mm
Euro Grows Somewhat on European Banks Stress Test Report
The euro rose today after the European supervising agency released its report on the stress test results of 91 banking institutions on 16:00 GMT. Though, the impact of the release wasn’t very strong. The euro rose against the U.S. dollar after the release was made available to the public. Having fallen earlier today, the Eurozone currency began to rise about 2 hours before the report, then went through an hour of strong market volatility … “Euro Grows Somewhat on European Banks Stress Test Report”
Britain’s GDP Data Pushes Pound Up
The Great Britain pound jumped against all other major currencies today as the British GDP data release surprised all Forex market participants with extremely high values, beating even the optimistic forecasts. The pound rouse against the U.S. dollar, the euro and the Japanese yen today as the Office for National Statistics reported preliminary estimate of GDP data for the second quarter of 2010. According to the release, the gross domestic product increased 1.1 percent … “Britain’s GDP Data Pushes Pound Up”
European Data Boosts Australian Dollar
Better than expected news from the Eurozone helped the Australian dollar to grow against all other major currencies today despite the pessimism expressed by the RBA yesterday. The Aussie rose against the greenback to the highest level since mid-May (this year) and extended its gains against the euro. The currency also rose against the Japanese yen and its New Zealand counterpart. The Australian dollar has been falling yesterday on concerns about the European … “European Data Boosts Australian Dollar”
5 Reasons Why The Stress Tests Could Hurt EUR/USD
On Friday at 16:00 GMT, the European stress tests results will be released. In the past few weeks, EUR/USD enjoyed weak American data, and also enjoyed the anticipation for the European stress tests. With the terrible European debt crisis, these results are supposed to show that the banks are stable, and to mark the end … “5 Reasons Why The Stress Tests Could Hurt EUR/USD”
Korean Won Recovers on Corporate Report
The South Korean currency recovered its losses after dipping down earlier today as the corporate report from Hynix boosted the investors’ interest in the country’s stock market. The South Korean won was declining earlier as the traders reacted to the yesterday’s speech by Ben Bernanke, which stated that the U.S. economical situation is still very uncertain. Hynix Semiconductor Inc. reported $870 million operating profit for the second quarter of 2010, 30.8 … “Korean Won Recovers on Corporate Report”
Stop Being A Whimp… Don’t Let Fear Get In The
Guest post from visionsofaffluence.com So you’ve made a couple of bad decisions and took some hard losses, and now you hesitate and let trades go that under normal circumstances you would have taken. This is no way for a trader to behave. In order to be successful you are going to have to develop the proper … “Stop Being A Whimp… Don’t Let Fear Get In The”
AUD Falls as Interest Rate Expectations Decrease Optimism
Following a rapid growth yesterday, the Australian dollar declines against its major counterparts (except euro) today as the market participants expect the interest rates to be on hold for some time. Worsening global economical situation spurs pessimistic expectations towards Australia’s interest rate. At 4.50 percent it’s already the highest among the developed nations and provided a good support for the currency. The Australian dollar fell against the USD, JPY and even against its … “AUD Falls as Interest Rate Expectations Decrease Optimism”
Transparent Forex Leaders – Making Forex More Mainstream
Not all investors want to actively trade. Some want to put trust in known, reputable traders that they can follow. In the fifth article in the series about making forex more mainstream, this option is examined. In stocks, many investors don’t trade actively. The put their money with a some kind of trust fund and … “Transparent Forex Leaders – Making Forex More Mainstream”
Japanese Yen Recovers as Markets Prepare for Risk Aversion
The Japanese yen rose against its major counterparts today, following the bearish session yesterday, as the traders expect some rise in the risk averting sentiment among the market participants before fundamental releases, stress test results. The yen rose against the U.S. dollar, the euro and the pound (and even a rather bullish Aussie) as the traders expect a speech by Fed‘s Ben Bernanke later today. They also expect some moderately pessimistic reports on the employment … “Japanese Yen Recovers as Markets Prepare for Risk Aversion”