Posts Tagged ‘Dollar’

Dollar waiting for the Q earnings

April 20th, 2010

Great day in the currency market, after the battery macro data scheduled for today. So far, we knew that the unemployment rate in Greece has risen to 11.3%, 1.1% above the previous data, while the German ZEW survey surpassed the expectations of operators, is 53 points, indicating a greater reliance on economic activity by local investors. Among other things, during the Asian session, the minutes were published in the last meeting of Central Bank of Australia (RBA). According to the entity, inflation was 2.5% for 2010 and interest rates are lower than expected and confirms that economic growth will be higher in March than in February, thanks to the rally and fuel a rebound in business investment. However, not everything has been positive, the RBA said the housing market remains weak, noting fewer mortgage approvals.

On the other hand, the Consumer Price Index from United Kingdom has been above expectations in both annual rate, as in the month. Watch for possible pre-election ads in the UK, where one of the central themes will be inflationary risks and the high fiscal deficit British. After knowing the results, the cable to trade picks up right now next to the goal of 1.5400 dollars per pound. For the next few hours, the eyes will be on the decision on interest rates Bank of Canada (BoC), the testimony of the president of the U.S. Federal Reserve (FED), Ben Bernanke, oil inventories and API Consumer Confidence ABC / Washington Post U.S. » Read more: Dollar waiting for the Q earnings

View Comments »

Posted in Forex Daily Report

Tags:

Euro recovers losses against the dollar

March 31st, 2010

Completing the first quarter of 2010, we observed that the euro recovered from losses in the day yesterday following the announcement that the unemployment rate of Germany and the Consumer Price Index (CPI) for the Euro Zone have exceeded expectations. Among other things, the yen depreciated to the minimum of 8 weeks against the euro, at the prospect of a recovery in the U.S. labor sector, which would require less active and more foreign refuge high interest rate. So far, we have known that housing construction permits in Australia have recorded a contraction of 3.3% in February, while in Japan, the manufacturing PMI rebounded strongly to the 52.4 points, indicating a clear expansion of the steel industry . In New Zealand, kiwi depreciates against major majors, after business confidence weakened in March, due to uncertainties around the major world powers.

As mentioned earlier, Germany’s unemployment rate stood at 8%, when the previous data was 8.1%, while in the Eurozone, the CPI annual preliminary exceeded previous estimates, an increase of 1.5 % when the expected figure was 1.1%. » Read more: Euro recovers losses against the dollar

View Comments »

Posted in Forex Daily Report

Tags:

Great Australian dollar operation

March 30th, 2010

The demand for risky assets still on the market, increasing the feeling “bullish” between the operators, after the sale of bonds to 7 years Greece has been a success and after the prospects for employment data due on Friday in the United States reflect a recovery in the labor sector. So far, we see how the euro, sterling and the currencies of high interest rate as the Aussie and kiwi benefit of this trend, being higher still, the AUD rally, increasing the prospects of a possible rise in interest rates on 6 April. So far, we have learned that the February industrial production in Japan has been a contraction of 0.9% in China after the Lunar New Year began, weakening exports Nipponese, while in Switzerland, the Index of UBS consumption has exceeded expectations. Despite the above, the most relevant was the Gross Domestic Product (GDP) and annualized quarterly UK. According to the National Statistics Agency, the UK economy registered a contraction of 3.1% annualized rate, when the previous figure was -5.9%, while the quarterly GDP grew 0.4 %. » Read more: Great Australian dollar operation

View Comments »

Posted in Forex

Tags:

Dollar expectant of the NFP

March 29th, 2010

At the beginning of the week, look like crosses the main listed market higher, after learning that the European Commission confirmed the rescue plan for Greece. However, it is clear that the euro has appreciated significantly against the greenback, currently operating below the altitude at 1.3500. Among other things, today we have learned that consumer confidence in the Euro Zone has recorded two-year highs in March, beating market expectations, renewing optimism about the stability of the economic bloc. The main key of that spike is due to the weakening of the European currency, which benefited the export sector.

It also grants mortgages UK have seen a contraction in February, while the M4 Money stock remained in line with expectations. During the evening session, has highlighted the results of the annualized retail sales in Japan. According to the Bureau of Statistics, retail sales grew by 4.2% in February, 2.4% higher than predicted by the operators.

For the next few hours, the eyes will be on the Consumer Price Index (CPI) for Germany, while in the U.S., the highlight will be the results of the conference Personal Income and Treasury Secretary Timothy Geithner. For this week, the market will be waiting for employment data across the ocean. For now, it is estimated that the unemployment rate will remain at 9.7% for the second consecutive month. » Read more: Dollar expectant of the NFP

View Comments »

Posted in Forex Daily Report

Tags:

Tension between US and China benefit the dollar

March 15th, 2010

On the first day of the week, we see as the greenback advanced to senior positions majors after increasing political tensions between the U.S. and China. Recall that a few days ago, Prime Minister Wen Jiabao defended the valuation of the Yuan and stressed that the stability of its currency is a key factor contributing to the recovery of the global economy. Across the ocean, the U.S. president, Barack Obama, has expressed discomfort over the valuation of currency, informing that the renminbi rises weaken the competitiveness of the dollar in international trade, benefiting the export sector of the giant Asia. However, the greenback’s gains were tempered by concerns about the U.S. rating, after learning about an article in the newspaper “Financial Times” that Moody’s would be to announce a cut in its credit rating unless consolidate public finances more than expected by the Obama administration.

Among other things, gave sterling positions against the euro, the dollar and yen on prospects of a weakening of Gross Domestic Product (GDP) and after increasing fiscal risks in the UK. » Read more: Tension between US and China benefit the dollar

View Comments »

Posted in Forex Daily Report

Tags: