The Brazilian real may go up as the central bank is going to increase the interest rates in an attempt to help the economy by attracting the foreign investors, which are seeking the higher yields. The central bank are expected to rise the benchmark by a half of the percentage point, at least, to 9.25 percent from the Brazil’s record low level of 8.75 percent. These measures are undertaken to curb the nation’s inflation and to boost the economy, which may be aided … “Real May Rise with Increasing Interest Rates”
Author: admin_mm
Loonie’s Rally Aided by Business Survey
The Canadian dollar pared its previous losses and resumed its rally to parity with its U.S. counterpart today after the business survey, performed by the Bank of Canada, signaled that the nation’s economy rebounds with the increasingly faster pace. The survey, conducted by the Bank of Canada, showed that the prices are going to increase, the sales will be growing, the credit conditions are improving and the inflation, while somewhat rising, should remain within … “Loonie’s Rally Aided by Business Survey”
American Indicators, Greece and Gaps in the Video Outlook
On the weekly interview on Forex TV, I spoke with Julie Sinha about technical this week’s major events, the impact of Greece on markets, technical levels of all the majors and where the action is. Enjoy! Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Get the 5 … “American Indicators, Greece and Gaps in the Video Outlook”
Pound Drops as U.K. May Become Next Object for Budget Concern
The Great Britain pound’s strength was curbed by the speculation that that the U.K. will be the next target for the concerns about the major budget deficit as the worries about the Greek budget are retreating because the Greece’s crisis appears to be resolved. The rescue package, issued by the European Union and priced as much as 45 billion euros (or $61 billion), eased concerns about the ability of Greece to deal with its debt and made traders to look … “Pound Drops as U.K. May Become Next Object for Budget Concern”
Australian Dollar Hurt by Weak Housing Market
The Australian dollar sank versus its U.S. counterpart, erasing the previous gains and dropping from the highest level since November 2009, after the government report suggested that the conditions on the housing market may be worsening. The amount of the loans for housebuilding and buying declined more than expected, falling 1.8 percent from January. This decline may have the negative impact on the Australian currency as the weakening house market may result in the stalling … “Australian Dollar Hurt by Weak Housing Market”
Can Yen Drop as Low as 100 per Dollar?
The value of the Japanese currency may drop as low as 100 yen per U.S. dollar or even more on the speculation that the unexpectedly high pace of the U.S. economic recovery may encourage the Federal Reserve to increase the interest rates faster than the Bank of Japan. The increasing gap between the U.S. and the Japan’s benchmark rates gave reason to believe that the currency may drop as low as 100 yen per dollar or even 105 yen/dollar. The increase … “Can Yen Drop as Low as 100 per Dollar?”
Euro: Will Optimism About Rescue Plan for Greece Persist?
The euro halted its downfall this week, which was caused by the concern about the Greece’s ability to deal with its budget deficit, amid the optimism caused by the announcement about the possible European Union government and the International Monetary Fund intervention to rescue Greece, but this optimistic outlook can be cut shot by the German resistance to the bailout plan. Germany denies rationality to offer the loan at the below-market rates to Greece, insisting that … “Euro: Will Optimism About Rescue Plan for Greece Persist?”
Commodity Prices & Stocks Drive Brazilian Real Upward
The Brazilian real strengthened against the U.S. dollar today as the rising commodity prices make better prospect for the exports and because the growing global supplies allows the traders to take more risk while seeking for better deals. The real’s strengths are also supported by the optimistic outlook for the foreign inflows, which may improve even further with the increase of the interest rates. The yield of the January 2011 contract added 4 basis points to 10.5 percent, … “Commodity Prices & Stocks Drive Brazilian Real Upward”
Euro Climbs as Danger of Default in Greece Recedes
The euro advanced for the second straight day versus the U.S. dollar and the Japanese yen, supported by the announcement of the European Union officials that they are ready to aid Greece if necessary and also on outlook that Greece will get the international bailout to avoid the budget default, probably by the end of this week. The spread between the yield of the Greek 10-year bonds and the German bonds rose yesterday to 442 basis points, the highest level since the appearance … “Euro Climbs as Danger of Default in Greece Recedes”
Dollar May Be Bolstered by Consumer Demand
The U.S. dollar declined against the euro after the concern about Greece’s budget deficit has eased, but in the same time the U.S. currency gained versus the Japanese yen and may be further bolstered by the signs of the increasing consumer demand, signaling about the recovering economy and the rising consumer purchasing capability. The main reason for the increasing consumer buying is the improving job market boosting the confidence of the consumers and spurring their desire to spend money. … “Dollar May Be Bolstered by Consumer Demand”