Bringing together the very strong positive surprise in the ADP employment change figure, a downward trend in jobless claims, a better employment reading from the ISM manufacturing index, and a rather steady reading from the employment sub-gauge in the ISM services index I come to the conclusion that the consensus Read More December NFP Does [...]
FXstreet.com (Barcelona) – A contrarian case for a stronger euro is being considered by the UBS FX… For more information, read our latest forex news. Read More Forex Flash Contrarian case for a stronger Euro UBS
The Great Britain pound gained this week against the dollar and the yen as the optimism caused by the revelation of the plans to battle the sovereign-debt crisis in Europe damped demand for safer assets. That same optimism allowed the euro to outperform the pound.(…)Read the rest of Europe Made Pound Stronger vs. Safer Currencies, Weaker vs. Euro (150 words) Posted on Forex News. Read More Europe Made Pound Stronger vs Safer [...]
Canadian housing starts rose a stronger than expected 7.3% to 205,900 annualized units in September from the upwardly revised 191,900 units in August (initially reported as 184,600). Market expectations were for a more moderate 2.7% increase to 189,500. The gain in September partially reverses the unexpectedly large 10.2% drop in Read More Canadian Housing Starts [...]
The greenback was also lower against the pound, with GBP/USD climbing 0.69% to hit 1.5672. Earlier in the day, a report by the Confederation of British Industry showed that retail sales in the UK unexpectedly declined in September, falling to the … 5 Vote(s) Read More Dollar stays down vs rivals on stronger market sentiment
The Bank of Canada released the July issue of its Monetary Policy Report today. The Bank’s expectation for Canadian economic growth was almost identical to the April Report the only change being a marginal 0.1 percentage point downgrade to real GDP growth in 2011, reflecting a weaker-than-anticipated second quarter. Little Read More Bank of Canada [...]
The Aussie started the week on the backfoot on Sunday as both building approvals and retail sales data came in softer than expected. If both the housing sector as well as consumer spending slows it can put the brakes on the RBA’s rate hiking campaign. The positive trade report however Read More Dovish RBA Adds [...]
The New Zealand dollar fluctuated today after it rose yesterday as the nation’s current account deficit shrank more that was predicted by economists.(…)Read the rest of Kiwi Fluctuates, Can Become Stronger on Current Account (114 words) Posted on Forex News. Read More Kiwi Fluctuates, Can Become Stronger on Current Account
New home sales in the US jumped 11.1% to 300,000 annualized units in March, beating market expectations for an increase to 280,000 units. While this represents a solid monthly gain, it follows the slowest pace of sales since recordkeeping began in 1963 at 270,000 annualized units in February (initially reported Read More US New Home [...]
The rally of commodities, including crude oil that jumped above $113 per barrel price, allowed the Canadian dollar to advance against its US counterpart and to post weekly gains for the third consecutive week. Canada’s currency weakened against the euro.(…)Read the rest of Canada’s Currency Becomes Stronger as Crude Oil Advances (131 words) Posted on Forex News. Read More Canadas Currency Becomes Stronger as [...]
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