Some good news for the Pound today – growth has returned to the UK according to the unofficial NIESR GDP estimate. This news was unnoticed. Looking at the near past, this institute was very accurate. Here is how you can use this info in the future. The National Institute for Economic and Social Research (NIESR) … “Pound to climb up the mound?”
Author: admin_mm
Pound Down on Weaker than EU Outlook
The pound started the week down versus the euro and the U.S. dollar as sentiment towards other wealthy nations in the world remain more positive than the U.K.’s economic perspectives, forcing investors to abandon pound priced assets to inject capital in more attractive currencies backed by fast recovering nations. After a Moody’s report featuring world’s wealthiest nations in which the U.K. was rated as “resilient” against better rating of its European neighbors, France … “Pound Down on Weaker than EU Outlook”
Bullish Dollar on Rate Bets, Stocks Downmarket
The U.S. dollar reached the highest level in a month versus the European common currency and also gained versus all high-yielding options among currencies as pessimism returned to stock markets and bets that interest rates in the U.S. will be lifted rose. After an employment report that shifted market sentiment last Friday, the dollar found support to rally strongly versus currencies linked to commodities like the Australian dollar, and emergent market options, … “Bullish Dollar on Rate Bets, Stocks Downmarket”
Is It The End of Dollar’s Decline?
The U.S. currency rebounded sharply yesterday before the end of this week’s session as a better than expected jobs report started speculations that interest rates in the U.S. will be hiked by the Federal Reserve before most analysts previously estimated. A surprisingly good non-farm payrolls report indicating a decline of just 11k employment places, from a previous reading of -111k, brought optimism towards the U.S. currency providing support for the dollar to post … “Is It The End of Dollar’s Decline?”
Dollar Posts Weekly Decline as Risk Surged
The U.S. currency is set to another weekly devaluation versus the euro and most high-yielding currencies as risk appetite remained strong during most of this week’s session, forcing the dollar down as investors attempt to reach higher profits overseas. The greenback remained unattractive this Friday before a report that is likely to show that jobs decreased at the slowest pace in more than a year in the United States, indicating an eventual shift in employment … “Dollar Posts Weekly Decline as Risk Surged”
Australian Dollar Rebounds Before U.S. Jobs Data
After declining considerably yesterday versus the greenback, the Aussie dollar recovered today and is heading towards another weekly gain versus its U.S. counterpart as a report is likely to post favorable employment figures in the world’s largest energy consumer, raising demand for commodity linked currencies. The Australian dollar pared some of yesterday losses versus the U.S. currency and is still positive in the weekly comparison versus the greenback as it benefited from … “Australian Dollar Rebounds Before U.S. Jobs Data”
Less Liquidity Stronger Euro. Or Not?
The single European currency tried to break the latest resistance level, set 8 days ago, as the future of the macroeconomic conditions around the euro were revised after Jean-Claude Trichet‘s statement today. But, unfortunately for the euro, the growth wasn’t long lived. Although the economical recovery, outlined by the European Central Bank President, isn’t equal throughout the Eurozone, the banker decided to reduce some of the financial operations used to aid the region. The ECB meeting also … “Less Liquidity Stronger Euro. Or Not?”
Exit Strategies Expose Pound Weakness
Both the Federal Reserve and the ECB began moves to soften the stimulus actions – the start of an exit strategy out of the crisis. This doesn’t happen in Britain. Britain still suffers from a bad data – and this leaves the Pound behind – again. In the monthly rate decision there was no surprise … “Exit Strategies Expose Pound Weakness”
Crude Oil Tumbles Pushing Canadian Dollar Down
The Canadian dollar is extremely linked to the crude oil and equities markets performance, and after a day of rising risk aversion, the loonie declined as appeal for commodities and stocks dropped. After touching a two-week high versus the U.S. dollar this week as risk appetite surged in the beginning of the week, the Canadian currency witnessed a declined as stocks pared gains and demand for commodities declined, halting the loonie’s rally and erasing its previous weekly gains partially. USD/CAD … “Crude Oil Tumbles Pushing Canadian Dollar Down”
Mexican Peso Up as Stocks Hit Record High
The Mexican currency had a winning performance versus several important currencies as stocks rallied on speculations that the Latin American economy will recover faster than other emergent markets. After Mexican equities touched the highest level in two years, the peso found support to advance considerably versus a number of currencies after Mexico’s rating was raised by JPMorgan Chase & Co., adding confidence that the Latin American nation is … “Mexican Peso Up as Stocks Hit Record High”