The Great Britain pound weakened today after the set of unfavorable reports was released, causing concern that the budget cuts, planned in order to fight the budget deficit, would have negative impact on Britain’s struggling economy. Total production output decreased by 0.4 percent between March and April. Month on month the output prices measure for all manufactured products rose 0.3 percent in May, compared to the predicted increase of 0.6 percent and the 1.6 … “Pound Weakens as Manufacturing Declines”
Author: admin_mm
Concern for Global Recovery Goes Away, Helping Euro
The euro extended its rally today as the concerns that the troubles in Europe would slow the global economic recovery eased and the risk sentiment among the investors improved. The economic growth in the U.S. and Asia weakens the impact of the European crisis on the global growth. The MSCI World Index of global stocks gained 0.3 percent, the fourth consecutive increase. Jean-Claude Trichet, the president of the European Central Bank, said yesterday that the bank would continue to buy the government … “Concern for Global Recovery Goes Away, Helping Euro”
Indicators – 3 Reasons Why They Will Hurt Your Trading
Guest post by Jason Madison of beatwallstreetnow.com Indicators are widely used by traders, but just because something is widely used doesn’t that mean it’s good. In fact given that 95% of traders fail it’s probably best to stay away from the herd unless you want to end up in the slaughterhouse. So, here are the top … “Indicators – 3 Reasons Why They Will Hurt Your Trading”
Rising Employment Value Bolstered Aussie
The Australian dollar strengthened today as the report showed the improving conditions on the jobs market and as China’s exports surged. Chinese exports rose 49 percent and imports went up 48 percent in May compared to the previous year. China is Australia’s largest trading partner. The employment increased by 0.2% to 26,900 in May from April; the unemployment rate decreased 0.2 percentage point to 5.2%. The favorable figures added to the evidences of the strong Australian economy, while … “Rising Employment Value Bolstered Aussie”
Asia Helped Euro Regain Its Strength
The euro rose against the U.S. dollar and the Japanese yen as the expanding Asian economies suggested that the global economic recovery wouldn’t be slowed by the troubles in Europe, boosting the stocks and easing the volatility on the global markets. Chinese exports rose by almost 50 percent compared to the previous year, while Japan reported that the consumer spending and the exports helped to expand the nation’s economy more that expected. The Standard & Poorâs 500 Index rose … “Asia Helped Euro Regain Its Strength”
New Zealand Dollar Rises with Interest Rates
The New Zealand dollar rose today after the central bank increased the interest rates, hinting that it’s more concerned with the inflation that with the appreciation of the nation currency. The Reserve Bank of New Zealand raised the official cash rate to 2.75 percent from the record-low 2.5 percent. The economists expect further increases of the interest rates as inflation predicted to jump to 5.3 percent in 2011 after the sales tax rose, increasing the prices. … “New Zealand Dollar Rises with Interest Rates”
Mexican Peso Rises as Consumer Prices Slow
The Mexican peso gained today for a third straight day against the U.S. dollar as the crude oil prices rose and on the expectation that the central bank won’t rise the interest rates after the consumer prices fell more than predicted. The consumer prices dropped 0.63 percent in May from April. The prices for crude oil, which is Mexico’s biggest export, rose 3.3 percent to $74.38 per barrel today. The analysts think that … “Mexican Peso Rises as Consumer Prices Slow”
Economic Recovery Bolsters Canadian Dollar
The Canadian dollar’s rally extended today for the second straight day against the U.S. dollar and the Japanese yen and for the third consecutive day versus the euro as the equities gained and the prices for crude oil, the main nation’s export, increased, spurring the demand for the currencies tied to growth. The Standard and Poorâs 500 Index rose by 1.1 percent. The expanding U.S. economic recovery drained the oil inventories, boosting the demand. July delivery for crude oil advanced by 3.8 percent. … “Economic Recovery Bolsters Canadian Dollar”
Euro Gains for Second Day, but Will Rally Be Sustained?
The euro rose today against the U.S. dollar and the Japanese yen for the second straight day on the rising commodity prices and the equities. The European stocks gained on the report that China’s exports jumped 50 percent from the previous year, giving hope that the global economic recovery will continue despite of the European woes. Germany and France attempts to convince other EU leaders to ban the naked short sales of some stock and bonds as Angela Merkel … “Euro Gains for Second Day, but Will Rally Be Sustained?”
Yen Strengthens of European Concerns
The Japanese yen strengthened today as the traders worry about the impact of the sovereign-debt crisis in Europe, increasing the appeal of the safer currencies. The investors are concerned about the U.K. economy after Fitch Ratings said that the formidable challenges lay ahead for the Britain’s economic recovery. The European Union problems also boost the risk aversion sentiment, as the efforts of the European leaders to stem the spread of the fiscal crisis haven’t convinced the traders, driving them to seek the perceived … “Yen Strengthens of European Concerns”