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Day: June 3, 2010
June 32010
European Debt Crisis Continues to Bury Euro
The euro weakened today as the debt crisis undermines the economy of the European Union, while the U.S. economy shows the signs of the accelerating recovery, lessening the impact of the European woes on the global markets. The good news emerged from the U.S. labor market as the initial unemployment claims decreased by 10,000 to 453,000 in the week ending May 29 from 463,000 the week before. The economic activity in the non-manufacturing sector, which make up almost 90 percent of the U.S. economy, […]
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June 32010
NZ Dollar Rises in Spite of Bollard’s Desire for Depreciation
The New Zealand strengthened today as the favorable data from the U.S. added to the signs of the economic recovery, while the New Zealand’s trade surplus may prompt the central bank to increase the interest rates; against the U.S. dollar the kiwi experienced volatility and currently fell. The predictions that the U.S. employers offered more jobs last month together with the rising equities (Standard and Poorâs 500 Index rose by 0.5 percent) add to the evidences of the global […]
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June 32010
Global Recovery Makes Yen Less Attractive
The Japanese yen extended today its yesterday’s decline versus the U.S. dollar and the euro as the signs of the accelerating global recovery diminished the appeal of the Japanese currency as the safe haven. The forecasts about the improving situation on the U.S. labor market add to the signs of the widening economic recovery. In the same time, the speculations that the new Japan’s leader will encourage the depreciation of the yen make the currency less attractive to the investors. USD/JPY rose to about 92.69 as of 12:12 GMT […]
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June 32010
House Prices & Equities Helped Pound to Rise
The Great Britain pound extended its advance against the U.S. dollar today as the growing house prices and the rising nation’s equities, which previously fell, signaled that the economic recovery accelerates. The average cost for a house rose by 0.5 percent the last month to the highest level in almost two years. It’s still early to say whether the recovery is sure, but it looks like the environment become somewhat more favorable to the risk. […]
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June 32010
EUR/USD Down on Improving Employment Data
The euro fell against the dollar today as the fundamental indicators showed some improvement compared to the previous month, namely the employment figures. The currency pair continues to trade not far from its major support level and looks to be ready to go for another strong bearish wave at any moment. EUR/USD is now trading near 1.2212. ADP Employment report showed a positive change by 55k jobs in the nonfarm business sector from […]
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June 32010
Top Inactive Forex Blogs
EarnForex blog has recently got into the list of the top 10 Forex blogs by Forex Crunch and that reminded me of the blogs that I used to read some time ago. They actually were in the old top lists during their good time but now they are inactive (“dead”) blogs. There are 4 such blogs that I still revisit sometimes to check if they’ve returned: Forex Project […]
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