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Day: September 4, 2009
September 42009
Brazilian Real Benefits From U.S. Jobs Report
The Brazilian report had a rebound towards the end of the week after U.S. employment conditions start to show small but essential signs of recovery, suggesting that one of Brazil’s most important trading partners is on the way out of recession. After losing more than 5 percent in the end of the past week and in the beginning of the current one, Brazil’s real found support in renewed optimism as stocks improved and fewer jobs were cut in the U.S. […]
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September 42009
Mexican Peso Climbs on U.S. Employment Data
Today, after U.S. employment data indicating that jobs were suffered less losses than forecasts, risk appetite returned to markets worldwide, favoring emergent market currencies like the Mexican peso. The Mexican peso gained for the third day in a row escaping from the second weekly losses as favorable reports improved the Mexican currency outlook, as appeal for high-yielding riskier assets returned today after favorable employment data was published […]
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September 42009
Canadian Dollar Climbs on Employment Data
After being traded in the lowest rate in almost two months, the Canadian dollar rallied sharply today on a report that indicated an increase in job numbers in the country, surprising analysts and traders positively. A very positive day in the end of this week was witnessed in Canada as employers added more jobs than expectations for the month of August, an important sign of economic improvement for the North American nation since even economic regions that are recovering […]
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September 42009
EUR/USD Forms Doji This Week
I’ll try to cover the latest fundamental reports from the U.S. economy that affected the EUR/USD pair this week. Today, the dollar is losing against the euro, but overall week is almost a perfect doji candle with a lower spike being a bit longer than the upper one. The weekly high for EUR/USD lies near 1.4376 and the low — near 1.4176. Currently it’s trading near 1.4306. Nonfarm payrolls were […]
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September 42009
Euro Declines On ECB President Comment
After yesterday’s ECB President comments suggesting that the economic recovery in the region will be a hard process, the euro fell versus a number of main traded currencies, and headed to complete the second week of losses versus the dollar. The euro suffered the influence of European Central Bank Jean-Claude Trichet’s declaration yesterday affirming that interest rates are not set for hikes in the short-mid-term and that the recovery in the countries using the European common currency will […]
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September 42009
Brazilian Real Rebounds Further on Economic Growth Speculations
After slashing most of its previous 2 months gains this week, the Brazilian continued further a rally that started yesterday, today fueled by forecasts that indicate a less significant contraction for seven of the most important world economies. After today’s positive perform in Chinese stocks and forecasts indicating that the world economy recovery may happen faster, the Brazilian real climbed further from yesterday, paring most of its […]
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September 42009
Crude Oil Volatily Influences Canadian Dollar
The Canadian dollar did not manage to maintain its early climbs falling again versus its U.S. counterpart as the price of crude oil confused investors regarding demand for the commodity. Since last week, the Canadian currency has been unable to resist speculators pressure on the outlook for the loonie, as commodities and stocks also underperformed globally, decreasing attractiveness for assets in Canada, as the country’s growth relies significantly on its main trading partner demand, the U.S., […]
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