November 2010
You are browsing the archive for November 2010.
The Case-Shiller Composite-20 Home Price Index (HPI) decline by 0.8% in September, worst than analyst’s expectations for a 0.4% fall. Further, on a year-over-year basis, the index posted its worst result in eight months but remained positive at 0.6% — shy of the 1.0% forecast by markets. Read More Home Prices Face Downward Pressure
Posted in FX News | Tagged downward, face, home, pressure, prices
Canadian economic growth basically stalled in the third quarter of 2010, with a measly 1.0% annualized gain – missing the Bank of Canada’s forecast of 1.6%. All the weakness in the quarter was in trade and residential construction. Exports fell 5%, a reflection of weak U.S. demand, while residential construction fell 5.3%. Read More Canadian [...]
Posted in FX News | Tagged 2010, a, canadian, economy, half, of, second, sputter, started, with
The Canadian economy continued to slow during the third quarter of 2010 with annualized GDP growth dropping to 1.0% following an upwardly revised gain of 2.3% in the second quarter (initially reported as 2.0%) and a downwardly revised 5.6% in the first quarter (previously reported as 5.8%). Expectations were for Read More Canadian ThirdQuarter 2010 [...]
Posted in FX News | Tagged 2010, canadian, expected, gdp, growth, more, slows, than, thirdquarter
The Conference Board’s measure of U.S. consumer confidence rose 4.2 points in November to 54.1 from a downwardly revised 49.9 level in October (initially reported as 50.2). Market expectations were for an increase in the index to 53.0. The labour market differential (those saying jobs are "plentiful" less respondents saying Read More US Consumers More [...]
Posted in FX News | Tagged confident, consumers, expected, in, more, november, than, us
The Canadian dollar jumped against the euro today as Ireland’s bailout failed to reduce the fears about the European sovereign-debt crisis. The currency also slightly rose versus the US dollar after crude oil reached the highest level in two weeks.(…)Read the rest of Canadian Dollar Rises as Crude Oil Reaches Two-Week High (146 words) Posted on Forex News. Read More Canadian Dollar Rises as Crude [...]
Posted in FX News | Tagged as, canadian, crude, dollar, high, oil, reaches, rises, twoweek
The Australian dollar dropped today on the concerns about the Korean conflict and the European sovereign-debt. The currency also fell after the report showed that the business profits in Australia unexpectedly declined.(…)Read the rest of Australian Dollar Weakens as Business Profits Decline (129 words) Posted on Forex News. Read More Australian Dollar Weakens as Business Profits Decline
Posted in FX News | Tagged as, australian, business, decline, dollar, profits, weakens
The US dollar strengthened this week as the concerns for the spreading of the European sovereign-debt contagion and the worries about the tensions between North and South Korea boosted the demand for the safer assets.(…)Read the rest of US Dollar Strengthens Throughout Week on Demand for Safety (156 words) Posted on Forex News. Read More US Dollar Strengthens Throughout Week on Demand for Safety
Posted in FX News | Tagged demand, dollar, for, on, safety, strengthens, throughout, us, week
The South Korean won rose today as the investors sought to convert their overseas earnings while the exchange rate was favorable.(…)Read the rest of Korea’s Won Rebounds as Investors Convert Earnings (88 words) Posted on Forex News. Read More Koreas Won Rebounds as Investors Convert Earnings
Posted in FX News | Tagged as, convert, earnings, investors, koreas, rebounds, won
The euro dropped today after Ireland received the aid and the European policy makers ended discussion of the post-2013 bailouts. The currency was also weakened by the concerns about the Korean conflict.(…)Read the rest of Euro Falls After Ireland Receives Bailout (57 words) Posted on Forex News. Read More Euro Falls After Ireland Receives Bailout
Posted in FX News | Tagged after, bailout, euro, falls, ireland, receives
Though Europe sovereign debt worries still linger, there will be a number of releases this week that may shake things up a bit. Read More Crude Oil Will Look Toward US Payrolls for Guidance, Gold May Continue to Take Cues from Europe and Silver
Posted in FX News | Tagged and, continue, crude, cues, europe, for, from, gold, guidance, look, may, oil, payrolls, silver, take, to, toward, us, will
