The Canadian dollar extended its advance against the U.S. currency today for the fourth straight day as the rising global equities increased the appeal of the currencies tied to the economic growth. The Standard & Poorâs 500 Index rose by 1.4 percent today and the S&P/TSX Composite Index increased 1.6 percent. The Canadian currency is supported by the expectation that the Bank of Canada will raise the interest rates as soon as June 1st, making Canada the first country … “Rising Global Stocks Push Loonie Up”
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Euro Extends Decline Against Dollar amid Growing Concerns
The euro resumed its decline against the U.S. dollar, after its previous advance on the news about the EU loan package, as the concern arose that the budget cuts required for the package will hurt the region’s economic growth. Gross domestic product increased by 0.2 percent from the fourth quarter in the nations of the Euro-zone. The economists say that, while this growth is better than expected, the news are considered positive only because … “Euro Extends Decline Against Dollar amid Growing Concerns”
Pound Drops on Concern for U.K. Economic Recovery
The Great Britain pound slid today on the concerns for the risks for the economic recovery in the U.K., signaling about the pressing need to deal with the Britain’s significant budget deficit. The Bank of England is expected to keep the interest rates at the record low level of 0.5, causing some economists say that the fiscal policy is extremely loose. The central bank forecast that the inflation will likely stay below the target 2 percent. GBP/USD dropped … “Pound Drops on Concern for U.K. Economic Recovery”
Japanese Yen Weakens on Equities & Hopes for Europe’s Recovery
The Japanese yen dropped today against the U.S. dollar and the euro as the outlook for the revival of the European economy and the strong equity markets diminished the demand for the currency as the safe haven. The outlook for the euro became somewhat more optimistic on the speculation that the recession in Spain was halted. The slow pace of the Japan’s economic recovery doesn’t support the yen either. Some economists don’t think that the Japan’s economy that bad, though, and say that the rebound of the currency … “Japanese Yen Weakens on Equities & Hopes for Europe’s Recovery”
Forex Robots Factory Review
Forex Robots Factory is a website that aims to show how Expert Advisors (EAs) perform on a live account. It provides various tools for analyzing the robots. Here’s a review of the site. The site currently hosts 42 robots. New ones can be suggested through the “Report a Robot” page. Note that not all the authors … “Forex Robots Factory Review”
Aussie Weaken by Doubts About EU Loan Package
The Australian dollar fell against its U.S. counterpart, erasing its yesterday’s gains, and versus other most-traded currencies on the concerns that the loan package won’t resolve the fiscal crisis in the European Union. The pessimistic outlook for the European economy makes investors to look for safety and drives away from the riskier currencies, such as the Australian dollar. The growth of the industrial output in China was lesser than expected, also weakening Aussie, because China is … “Aussie Weaken by Doubts About EU Loan Package”
Euro’s Recovery Was Short-Lived, Further Declines Expected
The euro’s recovery proved to be short-lived as was signaled by the euro’s decline today against U.S. dollar and other most traded currencies; the speculation suggests that that the central bank will keep the interest rates at the current record low level, causing concern for the performance of the common European currency. The European Central Bank may keep the main refinancing rate at 1 percent to help the struggling European economies, causing speculation that the euro … “Euro’s Recovery Was Short-Lived, Further Declines Expected”
Dollar Rises Against Euro as Debt Concerns Return
The U.S. dollar advanced today against the euro, resuming its previous trend after retreating against the common European currency on announcement of the loan package by the EU governments, which failed to alleviate the concern about the future of the European economy. The worries remain as the trouble in Europe seemed to be too deeply ingrained to be resolved by such measures as lending to the indebted countries and buying debts, in the opinion of most economists. The analysts say that it won’t … “Dollar Rises Against Euro as Debt Concerns Return”
EU Lending Package Boosts Australian Dollar
The Australian dollar rose today against its U.S. counterpart and some other majors after the European policy makers announced their plans to spend almost $1 trillion on the debt purchases to aid the debt-laden European countries, resulting in the increasing attractiveness of the riskier assets. Australia attracts investors with its high benchmark interest rates, which are 4.5 percent, compared with the U.S. rates of 0–0.25, though the moves on the currency market … “EU Lending Package Boosts Australian Dollar”
Loonie Advances on Rising Oil Prices and European Rescue Plan
The Canadian dollar gained today after crude oil prices went up and the European policy makers came out with the loan package for the indebted countries of the region, improving the investors’ confidence and making them more willing to risk. European Union’s governments are ready to provide â¬750 billion ($960 billion) to support the Euro-zone economy. The Canadian currency was boosted by the increasing number of the housing starts and the widening trade surplus. The Canada gains … “Loonie Advances on Rising Oil Prices and European Rescue Plan”