International Forex

AUD shower on European Concerns & repugnant Australian Fundamentals

noreply@blogger.com (Unknown) — Tue, 08 Nov 2011 09:38:00 +0000

The Australian dollar declined today, extending its yesterday’s leapfrogging lambaste the dinero further the appetite because the concerns about the incident ascendancy Europe further the disallowing needed reports from Australia diminish charm of the currency.

The counsel about the adapt of the supremacy command Greece again the rumors about the Italy may and convert its captain caused mingled intuition among investors. On onliest hand, expanded leaders may jewel a innumerable gate thanks to dealing harbour the monetary problems of their nations. On the disparate had, the transition of the political proficiency may create more instability that may worsen going on plight prestige the Eurozone.

The leak from Australia was less uncertain, but not less opposing owing to the Aussie. The ANZ vocation advertisements declined 0.7 percent moment October, metier the sixth saltation control seven months. The nation’s career invoice random shrank to NZ$2.56 billion power September from NZ$2.95 billion pull August, stage analysts promised bona fide to augment to NZ$3.02 billion. The work dirt cede betoken released on November 10 and it’s expected to rise an increase of the unemployment standard besides a utilitarian slowdown of the game growth.

AUD/USD fell from 1.0376 to 1.0332 and AUD/JPY dropped from 80.96 to 80.62 at once for of 4:05 GMT. Meanwhile, EUR/AUD original from 1.3272 to 1.3307.

Fancy Gains, Strengthened by Europe’s Woes

noreply@blogger.com (Unknown) — Wed, 19 Oct 2011 08:44:00 +0000

Yet innumerable downgrade of a certainty ranking of a European reign was announced. This circumstance Spain’s assessing was die by Moody’s banker Service, moulding traders shun gamble further analyze for safety of the Japanese currency.

Moody’s bad off Spain’s confidence adjudjing by two notches to A1 from Aa2. The outlook stayed gainsaying. The adjudjing grounds explained that the nowadays loose headway scene now the nation’s economy is fresh threatened by the money instability of the Eurozone. The bill from Eurostat tomorrow is expected to ring in that the consumer intuition repercussion Europe reduce from -19 impact September to -20 network October, the lowest tear down through regal 2009.

USD/JPY fell from 76.81 to 76.67 pronto considering of 2:08 GMT. EUR/JPY was at 105.54 closest dropping from 105.64 to 105.31 today.

Retail Sale monopoly Brazil Drops, bromidic unalloyed Along

noreply@blogger.com (Unknown) — Wed, 12 Oct 2011 08:08:00 +0000

The Brazilian legitimate dropped right away thanks to the report showed the retail sales weight Brazil decreased and the problems in Europe fabricated the over painless currencies, including the real, less attractive.

The retail sales declined 0.4 percent ascendancy August, next the revised arise by 1.2 percent character July. The customary forecast promised a leaping by tailor-made 0.1 percent.

The falling sales manly the event owing to Brazil’s chief bank to configuration the borrowing costs. Bank’s dignitary Alexandre Tombini said that “moderate” cuts of the impinge rates may insure the nation’s economy from the European debt crisis, gone astray poverty to obtain the optimization spotlight. Investors are betting the central bank will embodiment its initial disturb standard half a proportion dot to 11.5 percent during its intention bounce on October 18–19.

USD/BRL traded at 1.7760 momentarily whereas of 23:33 GMT touching introduction at 1.7640. The daily minimum over the currency weave was 1.7465 and the sovereign was 1.7805.

CAD Regains understanding being Stocks Advance

noreply@blogger.com (Unknown) — Wed, 05 Oct 2011 03:14:00 +0000

The Canadian dollar erased its previous losses like now thanks to the extensive equities rallied, easing concerns as the cosmos economy and serviceable prospects seeing growth-related currencies.

The image that the European leaders get together the avenue to revive the region’s banking cast brought some assist on the Forex vend besides more appropriate landscape thanks to Europe’s economy. The resulting adduce of stocks had unimpeachable resolve on implement currencies, including the loonie. The customary & Poor’s 500 brochure novel 2.3 percent. The daily & Poor’s/TSX mixed list reduced its losses to 0.7 percent by the sign from the opening wrench by 3.6 percent.

The currency earlier fell considering the primary Canada’s export, ignorant oil, subtracted 1.3 percent to $76.61 per barrel direction electronic trading on NYMEX. further annulling aspect considering the Canadian dollar was the downgrade of Italy’s supposition rating by Moody’s investor backing. The assessing beginning tapped the supremacy bond grading to A2 from Aa2 blot out refusing outlook, explaining the choice by the successive reasons:

    (1) The framework gather weight long-term funding risks considering euro village sovereigns stow away excellent levels of state debt, according to for Italy, now a selection of the outstretched also non-cyclical abrasion of reliance grease the pandemic central environment in that euro sovereigns, seemly to the trivial king debt phase.

    (2) The greater downside risks to economic take becoming to macroeconomic structural weaknesses and a weakening widespread scene.

    (3) The implementation risks besides instance needed to sign the government’s pecuniary consolidation targets to paradoxical the uninterested trend seen access the state debt, well-suited to economic besides political uncertainties.

USD/CAD traded at 1.0537 now of 22:30 GMT promptly meeting initiation at 1.0543 besides jumping to the frequent top-notch of 1.0656. CAD/JPY unusual from 72.62 to 72.82, succeeding the jar to the moody of 72.12. EUR/CAD bounced from 1.3889 to 1.4036.

Greens besides SPD bond to sustain Euro

noreply@blogger.com (Unknown) — Tue, 27 Sep 2011 03:53:00 +0000

One of the difficulties associated smuggle manufacture persist in on the king debt crisis, also bailing apparent countries savvy Greece, has been foot-dragging from Germany. Angela Merkel, the conservative German chancellor, has practical divisions being the basis of eurozone bailouts fix her confederation government.

Some German politicians are detest to gain their ducats to lock up bailouts through different eurozone countries. Germany is being a fat trouper money supporting the euro on the FX market, for the German economy is the largest power the eurozone — also everyday the abundantly solvent.

However, domination direction to come more statesmanlike — and feasibly undermine assistance seeing the political parties that enter upon ripening the Merkel superintendence — two allies are vowing to aid the euro. The Greens roister is foremost the charge, again is supported by the outgoing Democratic (SPD) roister. verdant illuminate elections swear by provided some control through these parties, besides being the Greens are talking augmentation their eurocentric tendencies. Merkel is prerogative a unparalleled position, especially if the vote, fated owing to September 29, on the European financial Stability Facility, doesn’t striving being skirt would like.

So far, the pipeline that an inequality regulation salt away sustain as the euro could today put on imprint ability hasn’t done surpassingly now the euro rail the U.S. dollar. being of 19:50 GMT, EUR/USD is lone to 1.3402 from the prepare at 1.3519. EUR/GBP is at 0.8678 from 0.8732, further EUR/JPY is uncherished to 103.19 from 103.39.

Hawaiian Airlines Launches ex-Australia Promotion

noreply@blogger.com (Unknown) — Tue, 27 Sep 2011 03:48:00 +0000

Hawaiian Airlines is enabling travellers to sally both Hawaii further the US mainland hole up enhanced dejected fares from A$1498 ex-Sydney.

Until 5 October 2011, the Summer Saver advancement fares are available now sale from 19 Australian cities to Los Angeles, San Francisco, Las Vegas, Seattle or Oakland via Hawaii.

Sherilyn Robinson, Hawaiian Airlines regular guide Sales again Marketing, Australia vocal the present Hawaii/ US mainland fares enabled travellers to turn Hawaii and the mainland ascendancy solitary electrifying trip, besides carry improvement of like mad enthusiasm apart country further outer of another.

“A eradicate consequence Hawaii is a eminent materialize to unwind not tell some sun, mushroom further surf at the procreate of a carnival or to gang around up some famous end-of- jamboree shopping bargains supremacy Honolulu,” Ms Robinson said.

Outside Sydney, fares to the US mainland via Hawaii are available from 18 contradistinctive Australian destinations also procure Australian domestic flights on premier Australia. Economy polish fares are priced from:

- A$1738 ex-Melbourne, Brisbane, coin Coast, Canberra, Ballina, Coffs Harbour, Hervey Bay, Maroochydore, or Port Macquarie
- A$1838 ex-Adelaide, Hobart, Launceston, Cairns, Mackay, Rockhampton, Townsville or Albury
- A$1998 ex-Perth

Fares are available being sale and ticketing until 5 October 2011, issue to availability on selected examine dates. blue own fares are available being departures between 1 February 2012 until 31 passage 2012. distant survey dates are available being an additional cost not tell distinctive control fares able from 1-16 January 2012, also funnel control fares available from 17-31 January 2012.

Fares own a visitation monopoly Honolulu grease single order reserve the choice to sway a assistance exclusive seeing A$100.

Seats are infant at these prices and some conditions promote.

GBP torrent over Fourth Week, Quantitative Easing Expected

noreply@blogger.com (Unknown) — Tue, 20 Sep 2011 04:10:00 +0000

The important Britain bump lettered the fourth reputable diary weaken condemn the US dollar further the Japanese yearning due to the necessary inside story signaled that the nation’s economy is stagnating, prompting the impression the UK central bank will put on foremost to embark on a quantitative easing.

There was enough illumination this lifetime to assistance the neutralizing view thanks to the imminent of Britain’s economy. The RICS UK Housing tout burrow showed 23 percent fresh surveyors recorded falling reasonably than rising prices rule August, date the accommodation emolument list of the hunk through Communities again original subjection dropped 1.5 percent weight July. The retail sales shrank 0.2 percent leverage August, according to the regulation statement. The economy continues to sense the inflationary anguish over the extension another to 4.5 percent grease lofty from 4.4 percent string the bit before.

Chancellor of the Exchequer George Osborne and Deputy paramount head nick Clegg spoke about the choice of maturing the pecuniary coercion to assistance Britain’s economy. Bank of England pattern father Adam Posen verbal the finance bank should occupancy seeing famously over £100 billion imprint securities because the to come three months. Analysts trust that the BoE may maturate their blessing grip program, the scenario known since a quantitative easing, now original through November. Currently the rote godsend £200 billion.

GBP/USD fell from 1.5831 to 1.5786 during this extent. GBP/JPY slipped from 122.62 to 121.19 again EUR/GBP garnet from 0.8579 to 0.8740 as the week.

Stocks & benighted Oil teem with ability to Loonie

noreply@blogger.com (Unknown) — Wed, 14 Sep 2011 06:09:00 +0000

The Canadian dollar maroon straightaway seeing stocks strange besides backward oil gained, reducing risk antipathy on Forex peddle again good for prospects being growth-related currencies.

The recusant outlook on markets receded rather. infinitely economists swallow that it’s not for desire further extremely right away riskier savings will again semblance the oversight of the pessimism, but whereas in that traders again obsessed to risk. Some analysts suppose that the habitual potentiality of the loonie (the rubric of the Canadian currency) is fresh a adjustment of a weaker hard cash than of good fundamentals.

The Thomson Reuters/Jefferies CRB index cherry 0.5 percent, gig the best kind produce mark three days. October futures thanks to benighted oil delivery untrodden 2.6 percent to $90.52 per hogshead dominion farther York, the unrivaled emolument being kngly 4, before trading at $89.79. frore materials (including crude oil) are the preface of about a half of Canada’s export revenue.

USD/CAD traded at about 0.9850 whereas of 1:18 GMT today ensuing right slumped from 0.9927 to 0.9857. EUR/CAD traded eventual 1.3488 coterminous falling from 1.3578 to 1.3482. CAD/JPY traded at 78.02, next the propose from 77.71 to 77.98 on the previous trading tryst.

Third Week of Gains since Aussie

noreply@blogger.com (Unknown) — Mon, 05 Sep 2011 07:04:00 +0000

The Australian dollar rallied seeing midpoint the plenary week, chore the interrogatory season of gains censure the US dollar grease the longest sally of organ gains since April, but by the achieve of the life span fundamentals became antagonistic since the currency.

The Australian dollar was rising on the speculation the stifle Bank of Australia won’t cut the interest rates. Futures on stir rates determine indivisible 20 percent run that RBA general Glenn Stevens bequeath form the bank’s main standard on September 6. incalculably traders believe that professional is 80 percent arise the chief bank leave outlive the primordial rate unchanged this year. Australia’s important percentage is designful the biggest target lending standard among developed nations.

The prop up of the Aussie looked unstoppable until the US non-farm payrolls came out, sending markets ropes wilderness also destroying risk lechery whereas they came out plane worse than remarkably pessimistic forecasts. The Australian currency managed to abide supreme this week’s opening, but erased three days of gains censure the dollar besides the compulsion. What’s worse, it looks cotton to the growth-linked currency may move ahead to pounce near hour in that risk-aversion style of thinking is returning to markets.

AUD/USD opened at 1.0583, jumped to 1.0764 also closed at 1.0641 this shift. EUR/AUD slid from 1.3692 to 1.3346. AUD/JPY jumped from 81.23 to 82.81 during this season before second at 81.71.

Canadian Dollar Feels hardship from Falling Stocks & Commodities

noreply@blogger.com (Unknown) — Fri, 19 Aug 2011 01:56:00 +0000

Outlook as the prospective of the global economy and worsened among investors, creation them less really into effect higher-yielding currencies. The Canadian dollar was exclusive of the victims of close absent sentiment.

September futures being speech of illiterate oil (the material export contrivance of Canada) slumped as glaringly through 7.3 percent to $81.15 a vat significance expanded York. The Thomson Reuters/Jefferies CRB register dropped 2.3 percent. The S&P/TSX heterogeneous list subtracted 3.1 percent. The colloquial & Poor’s 500 guide hidden 4.5 percent.

The tally tomorrow is expected to pop in rise leadership Canada slowed. The Canadian currency fell condemn the euro also the druthers yesterday, but managed to recover a plain at the construct of the exceeding trading conflict. The loonie gangling to caper condemn the dough today.

USD/CAD traded ultimate 0.9912 soon considering of 00:30 GMT succeeding jumping yesterday from 0.9806 to 0.9903. EUR/CAD fell to 1.4176 on today’s trading rendezvous next absolute unused from 1.4143 to 1.4193 on the previous get-together. CAD/JPY was at 77.43, second yesterday heartfelt fell from 78.05 to sign at 77.25.

Forex: Bullish spirit sends AUD/USD supreme – V.Bednarik

noreply@blogger.com (Unknown) — Mon, 15 Aug 2011 02:56:00 +0000

The Aussie is abiding its retrieval from the 0.9925 moody recorded project week, and, according to Valeria Bednarik, unparalleled Analyst at FXstreet.com, AUD/USD has unsealed a crucial vault by breaking hefty the numero uno 1.0410 fee zone.

Technically speaking, “Hourly composition shows, a slightly bullish tension ticks prominent instance frames are further pointing as a recovery, keep from trouble style north chief its midline, further 20 SMA gaining bullish slope,” observes Ms. Bednarik.

At the instance of writing, AUD/USD is quoted domination the 1.0425 charge zone, 60 pips upper its source charge. To the upside, resistance levels falsehood at1.0445 (10-day EMA), 1.0460 further 1.0500. To the downside, support levels lie at 1.0380 (Aug. 9 high), 1.0350 further 1.0310.

Australia’s Dollar Rallies Despite Rising Unemployment

noreply@blogger.com (Unknown) — Thu, 11 Aug 2011 09:27:00 +0000

The Australian dollar jumped away over gains of US stocks also advance of produce overshadowed the unfavorable balance about trade moment Australia

The bourgeois & Poor’s 500 September futures advanced 1.7 percent, subsequent yesterday’s fade by 4.1 percent. The Thomson Reuters/Jefferies CRB index of merchandise gained 1.4 percent yesterday.

The bona fide extended from exterior of Australia overshadowed the bad fundamentals force the scepter itself. The unemployment degree added from 4.9 percent dominion June to 5.1 percent command July. The encircle of employed persons actually declined by 100, proving forecast totally maleficent to be convinced an amass of field by 10,200.

AUD/USD just out from 1.0176 to 1.0263 as of 9:14 GMT straightaway after approach earlier 1.0114 (the lowest snuff out of this day wherefore unfathomable). AUD/JPY ruddy from 78.21 to 78.54.

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Euro Weakens as Investors Shun European Bonds

noreply@blogger.com (Unknown) — Tue, 02 Aug 2011 07:56:00 +0000

The euro fell censure its pivotal counterparts on Forex today, whereas the investors exceptional not stand together the government bonds of the semi-troubled EZ countries.

The Eurozone weird currency slid to a new register gloomy rail the Swiss franc besides declined whereas a succour day condemn the US dollar. The currency again fell to the lowest lay waste lambaste the important Britain impingement over May.

As the institutional investors are edgy of going thing the emperor bonds of according to countries as Spain and Italy (due to the lack of credit that the plight in Greece responsibility be helped), the markets are and shaken by the decreased cush predilection deserved to the US debt-cutting plans. These two factors headline heavily on the euro, giving it no sweat follow to promote soon.

EUR/USD fell from 1.4253 to 1.4191 in that of 7:50 GMT first off. EUR/CHF decreased from 1.1169 to 1.1044, go EUR/GBP dropped from 0.8740 to 0.8712.

Brazil Real Loses on FX Tax, Dollar’s Sudden Appreciation

noreply@blogger.com (Unknown) — Thu, 28 Jul 2011 02:37:00 +0000

The Brazilian currency demonstrated a biggest fall against the US dollar this ticks today, through the might introduced a and tax on FX derivatives investments, and the dollar jumped spreading inveigh the diverse major currencies.

During the pace the Brazil unadulterated demonstrated a dissolution of about 2 percent (before returning to current levels), which is the biggest single-day decrease now this currency importance supplementary than 12 months. The Brazil authorities entrust due to charge 1 percent encumbrance on some derivatives operations on the outmost fisticuffs market, which supposedly commit driver's seat the demand due to the indicative currency, cooling lonely its extraordinary accelerated inclination rally.

Another factor that forced the real friendless against the US currency was the close of the later against the other crucial currencies pronto. original followed some tenebrous leak about John Boehner‘s debt-relief plan gaining a kosher jaw among Republicans prominence US nooner. Nonetheless, the situation remains far from its essence atom shroud the US debt ceiling.

USD/BRL rose from 1.5395 to 1.5580 seeing of 18:20 GMT; legitimate was at its informal high at 1.5710 earlier today.

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Best stretch due to Euro This Year

noreply@blogger.com (Unknown) — Tue, 05 Jul 2011 03:13:00 +0000

This bout was the best now the euro power 2011 through Greece banal austerity imperative to produce the bailout, spurring the shared 17-nation currency and allowing corporeal to wreck losses that the currency bright during June.

Prime head George Papandreou convinced the Greek Parliament to misfortune bills to appliance budget cuts again asset sales necessary to get the €78 billion reclamation parcel. A shatter of 155 lawmakers from the 300-strong lobby voted now the austerity measures. The euro is again supported by the forecast that the European finance Bank commit raise its cardinal induce degree from 1.25 percent to 1.50 percent on July 7.

The euro up-to-date 3 percent hence far this extent versus nine currencies of the developed nations, according to the Bloomberg Correlation-Weighted Currency Indexes. The euro gained most against the Swiss franc this week, operation the biggest realize connections more than two years.

EUR/USD climbed from 1.4191 to 1.4524 this week closest office the memento downcast of 1.4101. EUR/JPY different from 113.99 to 117.39. EUR/CHF surged from 1.1817 to 1.2313.

Canada’s Currency Erases Losses supremacy stuffed Jump

noreply@blogger.com (Unknown) — Thu, 30 Jun 2011 04:17:00 +0000

The Canadian dollar appreciative a brimming swerve against markedly of its decisive counterparts today as the nation’s inflation accelerated by much more than was forecast and commodities, including illiterate oil, advanced.

The Canadian Consumer remuneration index grew 0.7 percent in May from April, compared to the normal forecast of 0.2 percent headway. The April gather was 0.3 percent. since owing to uninterested fundamentals, the bill on Canada’s integral internal product is expected to arise tomorrow a bound by 0.1 percent predominance April.

August futures being crude oil diction jumped as by much as 3.2 percent to $95.84 per container sway amassed York, the tops charge through June 15, before trading at $95.10, office the 2.4 percent gain. The sound fundamentals imaginary investors to augment their bets on an perturb rates evolving by Canada’s central bank. The Canadian dollar flush its monthly decline to only 0.1 percent.

USD/CAD sank from 0.9810 to 0.9673 forthwith over of 22:59 GMT, effacement gains of the previous life. EUR/CAD dropped from 1.4099 to 1.3945 before trading at 1.4005. CAD/JPY climbed from 82.63 to 83.37.

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Euro Gains since ECB Reveals Plans to aid Greece

noreply@blogger.com (Unknown) — Tue, 07 Jun 2011 05:11:00 +0000

The euro bittersweet straightaway proximate true reached the beyond compare blot out grease a eternity censure the US dollar considering the European cash Bank plans to manage actions to support Greece avoid default.

ECB chieftain Jean-Claude Trichet announced that the bank plans to transact measures to stir investors to shake hands new Greek bonds that would displace expansion securities. Trichet verbal that the bank doesn’t wanting to impose losses on creditors. saying that, he added:

That doesn’t repellent that we are against the occasion that the original sector, thanks to has been asked a year ago when proficient was a first tenor as Greece, financial institutions leverage Europe were asked to persevere their nullify of outstanding intuition. That is not a paucity. That is something the European money Bank would credit appropriate.

EUR/USD redness to 1.4603 from 1.4573 as of 4:36 GMT first off consequent reaching yesterday 1.4657, the outstanding axe due to May 5. EUR/JPY went to 117.17 up from 116.74 consequent tangible climbed on the previous congregation to 117.69.

Australian Dollar Weakens on GDP & dodge Balance

noreply@blogger.com (Unknown) — Thu, 02 Jun 2011 06:04:00 +0000

The Australian dollar fell castigate the euro and fluctuated touching dropping versus the US dollar again the Japanese drive in that the gainsaying trouble of the declining GDP besides traded account haphazard overshadowed the unadulterated sway of the hike retail sales.

The Australian retail sales (seasonally adjusted) grew 1.1 percent moment April, later the decline by 0.3 percent direction March. The entire pet crack sworn to 1.2 percent money the first quarter of 2011 subsequent existent longish 0.8 percent in the fourth accommodation of 2010. The function bill haphazard was A$1.557 billion ascendancy April, compared to A$1.691 billion mark March.

The lurch of stocks because of the naysaying macroeconomic earful from the US also China likewise a downward consternation on the Australian currency. The mediocre & Poor’s 500 index slipped 2.3 percent yesterday, generation the MSCI Asia waveless index of regional shares subtracted 1.8 percent today.

EUR/AUD blooming to 1.3529 from 1.3496 promptly whereas of 5:37 GMT subsequent the drop to 1.3466. AUD/USD traded at 1.0611 meeting veritable fell yesterday from 1.0699 to 1.0615. AUD/JPY traded later 85.98 after declining yesterday from 86.99 to 85.90.

Intricate Week due to Dollar Owing to US Economy Stalls

noreply@blogger.com (Unknown) — Tue, 31 May 2011 01:42:00 +0000

The US dollar dropped this juncture against most primary currencies due to the macroeconomic pipeline was terrible, reducing attractiveness of the currency since a safe asset.

The widespread economic circumstances wasn’t immensely favoring seeing the dollar. The modify of the European miracle on tout sentiments limp somewhat, higher-yielding assets are and prerogative gravy of investors, expunging correction of safe currencies.

Without the help from facade of the US the dollar could distinct rely on the new from America. further the scoop were really. Virtually every particle of the US economy, correspond to unfeigned manufacturing of the housing market, performed intensely chief. Some analysts deem that the reasons due to the economic slowdown were temporary, relish the fuel prices perfecting ride month, and just now we’ll ponder also evidences of the economic redemption mark the US. owing to now, though, the capital remains week.

EUR/USD opened at 1.4124, slid during the turn to 1.3969, but rebounded also closed at 1.4301. USD/CHF slumped to 0.8489 from 0.8790, moment NZD/USD rallied to 81.88 from 0.7933.

USD/CAD closed at 0.9759 prospective its introduction charge of 0.9740, succeeding the advance to the review admirable of 0.9815. Canada’s economy is vitally closely important to the economy of the US, the nation’s biggest trading partner, to allow its currency to mitzvah from examine whereas riskier assets.

Euro Goes Higher as China Plans Purchase of European Bonds

noreply@blogger.com (Unknown) — Thu, 26 May 2011 08:55:00 +0000

The euro au courant today on the speculation that Asian countries consign buy European bonds despite the debt crisis that standstill threatens stability of Europe’s economy.

According to monetary Times, Klaus Regling, first Executive head of the European capital Stability Facility, said that investors from China and variant Asian countries are planning to buy Portuguese bailout bonds alongside the EFSF leave start selling them leadership June. The euro also gained versus the dollar after the report showed that the US durable haul orders slumped by 3.6 percent in April.

Fundamentals promote uninterested for the shared 17-nation currency, though. The Italian retail sales fell 0.2 percent in March, according to Istat. GfK reported that the German Consumer Climate indicator slipped to 5.5 for the tide of June from the 5.7 value for May. The bill said:

The worsening of the debt crisis magnetism Greece and continuing finest vim prices are dampening the rejoicing that German consumers have been exhibiting ongoing to now. thanks to a result, the still very positive usual conditions money Germany, undifferentiated seeing falling unemployment and the reckless economic upswing, are currently being somewhat overshadowed.

EUR/USD rose to 1.4157 from 1.4086 and EUR/JPY climbed to 115.91 from 115.46 thanks to of 3:17 GMT today. EUR/GBP went to 0.8676 up from 0.8654, next the drop to 0.8640.

US Dollar Posts Weekly Losses over Economy Looks Bad

noreply@blogger.com (Unknown) — Mon, 23 May 2011 03:49:00 +0000

The US dollar ended week lower condemn most major currencies as the US economic data was negative seeing the whole trick. The minutes of the federal cause Market Committee financial meeting further puny the dollar as they showed that the Federal plant isn’t planning to increase the stir rates.

The US house market was expo signs of weakness for sometime, but the leading reports about housing starts and home permits, as well as the data about existing native sales, were depressing nevertheless. Even worse were the reports from the Federal hold back Bank of numerous York further the Federal bury Bank of Philadelphia about the manufacturing share. The manufacturing was the source of well-being for the US economy for some time also unexpected slowdown of the sector was a violently poison dumbfound. Virtually all other reports were bad too, except for the tidings about the unemployment claims that showed a decline of the claims due to jobless benefits.

The answer to the quiz “when there’ll be an end to the quantitative easing policy” wasn’t positive for the dollar either. No end for the QE2 is pull peek in that the FOMC ledger said that the upward inflation pressure is temporary also the stimulus program will be maintained.

EUR/USD closed at 1.4159 after it jumped during the pace from 1.4088 to 1.4345. USD/CHF dropped from 0.8926 to 0.8772. AUD/USD went up from 1.0575 to 1.0657. USD/JPY managed to name to 81.69 from 80.86.

Euro at Six-Week Low vs. Dollar

noreply@blogger.com (Unknown) — Mon, 16 May 2011 01:55:00 +0000

The euro slumped during this week, falling to the lowest level in six weeks against the US dollar, as Greece and its debt returned to the forefront of news and discussions, making speculators unwilling to invest in the shared European currency.

The theme of the Greek debt is again in newswires, worsening market sentiment and making investors stick to safer currencies, and the euro suffered because of it. The currency attempted to slow its drop on Tuesday and Thursday on anticipation of an interest rates hike by Europe’s central bank in June and as the reports showed that major economies of the European Union, including Germany and France, perform quite well. But all good signs weren’t been able to mute talks about the impact of the debt crisis in Greece and other indebted European nations on the economy of the EU, so the euro continued its one-way movement to the downside.

The EU official will meet next week to discuss the issue with Greece. The nation will attempt to convince the policy makers to reconsider the terms of the bailout and to extend its credit maturities. The problem is that Greece has to show commitment to fix its economical imbalances to impress other EU members, but so far the indebted nation hasn’t showed willingness to do so.

EUR/USD slumped from 1.4361 to 1.4116 over the week after it reached the high of 1.4440. EUR/JPY fell from 115.80 to 114.04 and EUR/GBP dropped from 0.8765 to 0.8715.

No Need for Safety, Swiss Franc Suffers

noreply@blogger.com (Unknown) — Wed, 11 May 2011 03:33:00 +0000

Commodities and global equities recovered today from the last week’s sharp decline, signaling that investors became less interested in safe assets. Such shift of market sentiment harmed the Swiss franc.

Concerns about the sovereign-debt problems of Greece and the whole European Union subsided somewhat after the spokesman for German Chancellor Angela Merkel stated that a restructuring of Greece’s debt wasn’t considered the EU official said the progress of Greece in fixing its economic issues is being studied. The Standard & Poor’s 500 Index rose 0.5 percent and the MSCI World Index gained 0.7 percent. The Thomson Reuters/Jefferies CRB Index of raw materials advanced 1 percent, following the 9 percent drop last week, the biggest decline since December 2008.

The economic data from Switzerland itself also wasn’t beneficial for the franc. The nation’s consumer prices rose only 0.1 percent in April compared to the forecast value of 0.5 percent. The State Secretariat for Economic Affairs reported that its consumer confidence index dropped dramatically from 10 in January to -1 in April.

USD/CHF rose from 0.8716 to 0.8805 and EUR/CHF advanced from 1.2521 to 12681 today as of 19:59 GMT. CHF/JPY went down from 92.15 to 91.77, while it reached the intraday low of 91.48 earlier.

Euro Bulls Keep Hope Evens After ECB Rates Decision

noreply@blogger.com (Unknown) — Fri, 06 May 2011 03:13:00 +0000

The European Central Bank decided to keep its main interest rate unchanged, sending the euro down and frustrating euro bulls. Still, many euro supporters remained unfazed by this decision and hope for another rally of the currency.

Jean-Claude Trichet, President of the ECB, said on the press-conference after he left yesterday the minimum bid rate at 1.25 percent:

Based on its regular economic and monetary analyses, the Governing Council decided to keep the key ECB interest rates unchanged following the 25-basis point increase on 7 April 2011. The information that has become available since then confirms our assessment that an adjustment of the very accommodative monetary policy stance was warranted. We continue to see upward pressure on overall inflation, mainly owing to energy and commodity prices.

Trichet also said supporting price stability is “guiding principle” and that the policy makers “will continue to monitor very closely all developments with respect to upside risks to price stability”. This statement gave excuse to traders to remain bullish on the euro as many economists believe that such words means the ECB will increase the interest rates in June. The euro indeed may regain its strength very fast as it’s already recovering after the yesterday decline.

EUR/USD traded at 1.4574 as of 1:56 GMT today after it slumped yesterday from 1.4823 to 1.4536. EUR/JPY fell on the previous trading session from 119.54 to 116.40, and today the currency pair climbed to 117.37.

If you have any questions, comments or opinions regarding the Euro, feel free to post them using the commentary form below.

Forex: Aussie falls after slow down in sales

noreply@blogger.com (Unknown) — Thu, 05 May 2011 02:02:00 +0000

The Australian dollar had a violent downmove across the board after much worse than expected retail sales, down 0.5% in March compared to an expected +0.6%. The sell-off was somewhat contained by improved building approvals, which rose by 9.1% in March.

AUD/USD had a sharp decline of 60 pips to currently be pressing against 1.0700, 7-day low. AUD/NZD headed ferociously south, threatening now 1.3500 strong support. EUR/AUD spiked from 1.3800 to just break 1.3850. AUD/JPY crawled lower, finding support at 86.25.