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Day: May 3, 2010
May 32010
Dollar Rises as U.S. Economy Improves
The U.S. dollar rose today as the reports about the increasing personal income, consumer spending and manufacturing signaled about the widening U.S. economic recovery; the greenback was also supported by the speculation that the Goldman Sachs Group Inc. won’t be sued for the fraud. The personal income rose $36.0 billion (0.3 percent), while the consumer spending increased 0.6 percent. The manufacturing sector expanded in April, the growth continues for the ninth consecutive month and with […]
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May 32010
Canadian Dollar Goes Up on Commodity Prices, Rising Stocks
The Canadian dollar advanced today as the crude oil prices surged to the highest level since September 2008, U.S. stocks gained and gold climbed to the highest level since November 2009. The Canadian currency depends on the prices for the commodities, especially crude oil, being the key export commodity of the nation, therefore the price increase bodes well for the Loonie. The expectation for the central bank to increase the interest rates as soon as of June or by July also supported the currency’s performance. […]
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May 32010
Concern About Greece’s Bailout Hurts Euro
The euro dropped today as the doubts arouse that Greece won’t receive the â¬110 billion aid package, which are supposed to be provided by the European Union governments and the International Monetary Fund. The EU leaders are going to discuss at their meeting on May 7th the details of the bailout, which may require from Greece to cut its budget spendings. Such measures are considered too severe by the Greece’s citizens and are speculations about […]
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May 32010
High Risk Appetite Boosts New Zealand Dollar
The New Zealand dollar rose today against other most-traded counterparts as the outlook for Greece to receive the rescue package valued as much as €110 billion ($146 billion) improved the investors’ risk sentiment and attracted them to the South Pacific nation’s higher-yielding assets. The investors are attracted to New Zealand because of its high interest rates, which is 2.5 percent, compared to 0.1 in Japan and about zero in the U.S., but as such trades carry […]
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May 32010
Manual or Automated Forex Trading?
There are two main methods of trading in Forex (and in any other financial market too) — manual and automated. When you trade manually you open and close market orders yourself. Of course, you can still use the pending orders, stop-loss, take-profit and trailing stop orders, but the main trading decisions are always yours. In automated trading you delegate all your trading decisions to some trading robot or expert […]
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May 32010
Dollar Up vs. Euro Following Good Fundamentals
EUR/USD declined today as the data shows the improvements in the U.S. economy, while the Europe is still troubled with the budget deficit problem. The increase of the personal income and the growth in the manufacturing sector show the robust economic recovery, while the huge jump in construction spending further supports the optimistic outlook for the U.S. economy. EUR/USD is currently trading near 1.3202 level. U.S. personal income rose by 0.3% in March. That’s a step up compared […]
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