Canada’s economy posted a 0.2% gain in October, which was slightly slower than market forecasts for a 0.3% increase. Despite the miss relative to the consensus forecast, the report indicates that the economy rallied back after real GDP output was steady or fell in two of the three months of Read More Canadas Economy Posts [...]
Posted in FX News | Tagged a, canadas, economy, expected, gain, in, october, posts, slightly, than, weaker |
Personal consumer expenditure (PCE) rose 0.4% in November following an upwardly revised 0.7% gain (was 0.4%) in October. The increase in November was only modestly below market expectations for a 0.5% gain. On a volumes basis, PCE was up 0.3% following a 0.5% (was 0.3%) gain the previous month. Personal Read More US Personal Spending [...]
Posted in FX News | Tagged and, claims, durable, fall, in, initial, november, orders, personal, rises, spending, us |
The South African rand climbed today, posting the fourth straight day of gains, to the highest level in three years versus the US dollar as the investors seek higher yields while the developed nations keep their interest rates low.(…)Read the rest of South Africa’s Rand Gains for Fourth Day on High Interest Rates (62 words) Posted on Forex News. Read More South Africas Rand Gains [...]
Posted in FX News | Tagged africas, day, for, fourth, gains, high, interest, on, rand, rates, south |
New home sales rebounded 5.5% to an annualized 290,000 units in November after falling 10.7% to a downwardly revised 275,000 pace (previously was 283,000) in October. Market expectations were for a stronger increase to 300,000. The increase in the pace of sales combined with a 2.0% decline in homes available Read More US New Home [...]
Posted in FX News | Tagged home, in, new, november, sales, stronger, us |
The euro dropped today after the Fitch Ratings agency downgraded the credit rating of Hungary and warned about the possible reduction of Greece’s rating, fueling the worries about the ability of the Eurozone peripheral economies to deal with the debt crisis.(…)Read the rest of Fitch Cuts Hungary’s Rating, Greece May Follow; Euro Down (96 words) Posted on Forex News. Read More Fitch Cuts Hungarys Rating, Greece May Follow [...]
Posted in FX News | Tagged cuts, down, euro, fitch, follow, greece, hungarys, may, rating |
The US housing market for new homes continues to signal weakness. In November new home sales increased by 5.5% to an annual pace of 290K. That was lower than forecasts of a 6.0% increase to 300K. Also, October’s reading was revised lower as well. Read More US Nov New Home Sales Climb 55 persen, But [...]
Posted in FX News | Tagged 55, but, climb, depressed, home, new, nov, sales, sector, still, us |
The Great Britain pound dropped today as the report showed that the budget deficit climbed to the record, surpassing the analysts’ forecast and causing concerns about the future of the UK economy.(…)Read the rest of Pound Declines as UK Budget Deficit Grows (113 words) Posted on Forex News. Read More Pound Declines as UK Budget Deficit Grows
Posted in FX News | Tagged as, budget, declines, deficit, grows, pound, uk |
The euro gained today as the reports showed that the import prices in Germany rose and the retail sales in Italy increased. The currency struggles to maintain gains as the concerns about the debt crisis undermine the confidence in the European economy despite the good reports.(…)Read the rest of Euro Gains on German Import Prices & Italian Retail Sales (64 words) Posted on Forex News. Read More Euro Gains on German Import [...]
Posted in FX News | Tagged euro, gains, german, import, italian, on, prices, retail, sales |
The Great Britain pound extended its losses today after the final revision of the GDP report showed that the economic growth was slower that the experts previously estimated.(…)Read the rest of Slower Growth of British GDP Makes Pound Weaker (66 words) Posted on Forex News. Read More Slower Growth of British GDP Makes Pound Weaker
Posted in FX News | Tagged british, gdp, growth, makes, of, pound, slower, weaker |
The U.S. pared losses after trading lower earlier in the session. Gains in the euro following the reported pledge by China to support the Euro zone were not sustained as EUR/USD fell back towards its 200-day sma and is currently trading around 1.3095. Key economic data out of the U.S. Read More Dollar Pares Losses [...]
Posted in FX News | Tagged amid, data, dollar, expected, losses, pares, than, weaker |
