The Great Britain pound strengthened today for the second day after the labor market provided good numbers, suggesting that Britain’s economy may retain its strength despite the spending cuts. The number of people claiming the jobless benefits fell by 20,800 between May and June, somewhat more than the 20,100 decline analysts predicted. The unemployment rate for the three months to May 2010 was 7.8 percent, compared to expectations of 7.9 percent and down … “Pound May Retain Strength Despite Budget Cuts”
Author: admin_mm
Euro Weakens with Less than Expected Economic Growth
The euro weakened today s the Spanish lenders borrowed the record amount form the European Central Bank and after the region’s industrial production expanded less than predicted. Spainâs financial institutions borrowed the record â¬126.3 billion from the ECB last month as the investors avoided the local banks. The seasonally adjusted industrial production grew by 0.9 percent in May compared with April in the Eurozone. The median forecast was the growth by 1.2 percent. EUR/USD … “Euro Weakens with Less than Expected Economic Growth”
New Zealand Dollar Halts Its Rally on Lower Retail Sales
The New Zealand dollar halted today its six-day rally against the U.S. currency as the macroeconomic data suggested that the nation’s economy might grow with slower than anticipated pace. The total retail sales rose 0.4 percent ($24 million) in May, while previous estimates indicated the 0.6 percent growth. The core retail sales decreased 0.2 percent ($10 million) instead of increasing 0.6 percent, as forecast suggested. This … “New Zealand Dollar Halts Its Rally on Lower Retail Sales”
Crown Forex – The Scam Goes On – Now Offering
The infamous Crown Forex appears again, now offering everybody to open his own forex company, calling themselves experts in the area of forex business. Forex scammers refuse to die. Here are their latest activities. Those of you following the forex industry are probably familiar with Crown Forex. The saga is very long. In short, they … “Crown Forex – The Scam Goes On – Now Offering”
So You Think You Can Predict The Market?…. Guess Again
Guest post from www.visionsofaffluence.com Do you really think you can reliably predict the market? I hope you don’t because that is the one of the biggest mistakes a trader can make. If you want to be successful in this business then you are going to have to realize that trading is a probability game and any … “So You Think You Can Predict The Market?…. Guess Again”
Pound Goes Up on High Inflation & Retail Sales
The Great Britain pound strengthened today on the speculation that the higher than expected inflation and the retail sales would cause the central bank to raise the interest rates. The annual inflation was at 3.2 percent level in June, which is lower than May reading of 3.4 percent, but still above the central bank’s limit of 3 percent. The survey, performed by the British Retail Consortium, showed the 1.2 percent increase of the retail sales. This … “Pound Goes Up on High Inflation & Retail Sales”
Fundamental Overview – Market Movers This Week –
Last week gave global investors a possibly brief reprieve from recent financial market turmoil as world stock and bond markets rallied sharply, while commodity prices also firmed. With that noted, an underlying sense of caution and unease seems to continue permeating world markets. Market Concerned About Recessionary Impact of G20 Budget Cuts The previous week’s … “Fundamental Overview – Market Movers This Week –”
Can European Economy Return Strength to Euro?
The euro strengthened today after Greece auctioned the Treasury bills at the rate below that the European Union charged when it bailed Greece out of crisis. Greece sold the Treasury bills for the amount of â¬1.625 billion at the yield of 4.65 percent, while the E.U. charged 5 percent. The European leaders urged the bank to attempt to raise the money themselves before turning to the state support in case the stress test, which performed to check the stability of the European … “Can European Economy Return Strength to Euro?”
FXBees Joining the Forex Social Scene
There’s a new kid in the block – Berlin based FXBees launched and offers traders to share their data. Here’s a quick introduction of this interesting site. FXBees labels itself as the “first social forex broker” – traders can open an account with a broker through their platform, rather than connect an existing one. The … “FXBees Joining the Forex Social Scene”
Aussie Slips on Concern for China’s Growth
The Australian dollar extended its decline today as the speculation, that the Chinese economic expansion slows, curbed the appeal of the higher-yielding currencies. Chinaâs gross domestic product grew 10.5 percent in the last quarter, compared to 11.9 percent in the previous three months. Chinaâs Shanghai Composite Index slipped 1.6 percent and the MSCI Asia Pacific Index of shares declined 0.6 percent. AUD/USD traded at 0.8748 as of 10:04 GMT today after opening at 0.8758. … “Aussie Slips on Concern for China’s Growth”