The Canadian dollar strengthened today, extending its rally against the U.S. dollar for a third day, as the equities rebounded, improving the risk sentiment and increasing the appeal of the currencies tied to growth. The loonie’s moves are 89 percent correlated to the Standard & Poorâs 500 Index and 65 percent correlated to crude oil. The 100 percent correlation would mean that the Canadian currency would always move in tandem with the S&P 500 and crude. Russia … “Canadian Dollar Rises on Better Risk Sentiment”
Author: admin_mm
Japanese Yen Benefits from Uncertainty on Markets
The Japanese yen strengthened today against most other major currencies, including the U.S. dollar and the euro, as the concerns about the outcome of the European sovereign-debt crisis and the struggling U.S. economic recovery. The rumors about the bailout for Spain, despite being dismissed, seriously wounded the euro, causing it to fluctuate between gains and losses. The U.S. housing market brought concerns about the recovery of the nation’s economy. Building permits in May were at a seasonally adjusted annual … “Japanese Yen Benefits from Uncertainty on Markets”
4 Major Brokers Now Supported on Currensee
Currensee’s network gets a major expansion. Traders from Alpari UK, FX Pro, Easy Forex and Ava FX can now share their trades on the social network. It seems that (almost) all the brokers are joining and allowing transparency. These four brokers add to Zecco that joined Currensee a few days ago. In addition to sharing … “4 Major Brokers Now Supported on Currensee”
Euro Goes Down on Speculation that Debt Crisis Threatens Spain
The euro headed down today amid the speculation that the European Union and the International Monetary Fund prepared the bailout for Spain, fueling the concerns that the European sovereign-debt crisis threatens to contaminate European countries. The rumors suggested that the EU and the IMF, together with the U.S. Treasury, prepared the 250 billion euro loan for Spain. The governments of Spain and the EU later dismissed these rumors. Nevertheless, the analysts say that the euro’s rally was merely … “Euro Goes Down on Speculation that Debt Crisis Threatens Spain”
Rising Oil Prices Pushed Russian Ruble Higher
The Russian ruble gained today, reaching the highest level in more than a week against the U.S. dollar, after the prices for crude oil, the main source of the nation’s export revenue, rose. July delivery for crude oil traded at $76.63 per barrel in New York. The oil prices rose after the gains of U.S. equities signaled that the demand would grow. The Standard & Poorâs 500 Index rose by 2.4 percent yesterday and the Dow … “Rising Oil Prices Pushed Russian Ruble Higher”
3 Psychological Tendencies That Cripple Traders And How To
Guest post by Jason Madison of beatwallstreetnow.com In the world of trading we often spend too much time worrying about signals and news releases that we often overlook the most important aspect of being a successful trader which is to develop the proper mindset. This is more important than what methods you choose to use in … “3 Psychological Tendencies That Cripple Traders And How To”
Euro Regained Its Strength on Good Stock Markets
The euro pared its losses and extended the rally against the U.S. dollar and the Japanese yen as the global stock markets showed the good performance, spurring the appetite for the risk. The Standard & Poorâs 500 Index rose 2.4 percent to the highest level in almost a month. The gains on the stock markets encouraged the investors to end bet on the currency’s decline and improved their risk sentiment. The European stock markets also experienced the large inflow of the fresh money, which … “Euro Regained Its Strength on Good Stock Markets”
Canadian Dollar Rose with Equities & Oil
The Canadian dollar rose today, erasing the previous losses against the U.S. dollar and the Japanese yen, on the speculations that the central bank will raise the interest rates and after the equities and crude oil gained. The Standard & Poorâs 500 Index, with which the Canadian currency is strongly correlated, rose by 1.4 percent. July delivery for crude oil, the key Canada’s export, jumped as much as 2.1 percent to $76.70 per barrel. The Bank … “Canadian Dollar Rose with Equities & Oil”
Lower Greece’s Credit Rating Drives Rupee Down
The Indian rupee went down today after Moodyâs Investors Service reduced Greece’s credit rating, refueling the concerns that the problems in Europe will slow the global economic recovery. The reason for the concerns are the austerity measures, taken by Greece, as well as by other EU countries, which may have unwelcome effect on the European nations’ economic growth. The European troubles may have adverse effect on the capital flows to the emerging markets, that’s why … “Lower Greece’s Credit Rating Drives Rupee Down”
Euro’s Rally Halted After Greece’s Credit Rating Dropped
The euro halted its rally against the U.S. dollar and the Japanese yen today as the fears that the European debt crisis will spread resurfaced after Moodyâs Investors Service reduced Greece’s credit rating. Moodyâs reduced Greeceâs credit rating from A3 grade to Ba1 (non-investment) yesterday as the austerity measures, taken by the Greek government to receive the bailout, threaten to cripple the nation’s economic growth. The forecast that the confidence of the German investors may … “Euro’s Rally Halted After Greece’s Credit Rating Dropped”