The U.S. extended its gains against the euro for the fifth consecutive day after the reports showed that the retail sales and the consumer confidence in the U.S. increased while the debt troubles in the European Union cause concern about the future of the common European currency. The retail sales in the U.S. increased by 0.4 percent, more than expected, following the March growth of 2.1 percent. According to the estimates of the University of Michigan the consumer sentiment also improved. The reports show … “Dollar Extends Gains vs. Euro Supported by Economic Recovery”
Author: admin_mm
EU Rescue Plans Undermine Oil â Canadian Dollar Sinks
The Canadian dollar fell today to the weekly low against its U.S. counterpart, erasing its gains this week, as the concerns about the debt crisis in the European countries erode the demand for the raw materials, including oil. June delivery for crude oil tumbled as much as 2.3 percent to $72.72 per barrel on NYMEX. Crude oil is the key export of the nation. The European troubles are resounding throughout the global markets, negatively affecting the trade. … “EU Rescue Plans Undermine Oil â Canadian Dollar Sinks”
Central Bank May Prevent Swiss Franc’s Appreciation
The Swiss franc dropped against the U.S. dollar for the fifth consecutive day and fell versus the euro after the four days of the appreciation on the speculation that the central bank will intervene to prevent the currency from advancing further. The franc reached the record high level yesterday as EUR/CHF traded at 1.4071. The Swiss National Bank has begun selling the currency in 2009 in order to aid the economy and contain the deflation. The bank may continue this policy, but … “Central Bank May Prevent Swiss Franc’s Appreciation”
EUR/USD Candle Breakout Update
Guest post by Jason Madison, independent trader and founder of BeatWallStreetNow.com Hello Everyone, I hope the forex markets have been treating you as well as they have been treating me and I hope you all have been using that technique I showed you to make lots of pips. Today we are going to take a look … “EUR/USD Candle Breakout Update”
European Woes Bring Down New Zealand Dollar
The New Zealand dollar dropped today as the retail sales were lower than the analysts predicted and on the concern that the European debt crisis will dump the demand for the riskier currencies. New Zealand retail sales rose 0.5 percent compared to the month earlier, while the experts expected the 1.1 percent increase. The uncertainty about the European economy and the impact of its troubles on the global markets makes the traders nervous and the consumers less willing to spend their … “European Woes Bring Down New Zealand Dollar”
Sterling Drops on Consumer Confidence and Budget Cuts
The Great Britain pound fell today against other most-traded currencies as the consumer confidence hasn’t recovered after it tumbled in March and on the concern that the budget cuts, planned by the new government, may curb the economy’s growth. Nationwide Building Societyâs consumer confidence index rose by one point to 74 in April, while it previously had sank to 73 points in March from 83 the month earlier. The budget deficit was at the record … “Sterling Drops on Consumer Confidence and Budget Cuts”
Rising Employment Value Strengthens Aussie
The Australian dollar gained against its U.S. counterpart and rose versus the euro after the government reported that the number of people employed in Australia increased more than expected. The employers added 33,700 (0.3%) to 11,025,500 jobs in April. This report sparked the speculations that the Reserve Bank of Australia will continue to increase the interest rates on order to keep the inflation in check. The central bank has raised the benchmark rate six times since … “Rising Employment Value Strengthens Aussie”
Rand Weakened by Concerns for Demand & Interest Rates
The South African rand weakened today amid the concerns that the fiscal crisis in the European Union will afflict the pace of the global economic recovery, damping the demand for the riskier assets. The rand also weakened on the uncertainty as to whether the central bank is going to keep the interest rates at the current level. The bank already has cut its main rate seven times since December 2008 to aid the country’s economy with the recovery from the recession … “Rand Weakened by Concerns for Demand & Interest Rates”
Industrial Expansion Aids Mexican Peso
The Mexican peso gained today as the industrial production expanded more than expected signaling about the increasing pace of Mexico’s economic recovery. The industrial production in Mexico expanded 7.6 percent in March from the previous year. This added confidence in the currency of the country, which economic recovery was a bit slow recently. The yield on Mexican 10 percent peso bond maturing in 2024 dropped 0.04 percentage point to 7.64 percent. USD/MXN traded … “Industrial Expansion Aids Mexican Peso”
Advertising on Forex Sites
Following an article I wrote about forex advertising in 2010, I got some questions about what goes on behind the scenes. This article lays out the 5 different advertising methods, how they work and how they are priced. Most of the advertising methods are used on other fields, not only forex. I hereby focus on … “Advertising on Forex Sites”