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Day: August 4, 2010
August 42010
Canadian Dollar Rises on Crude Oil & Employment Outlook
The Canadian dollar gained today as crude oil traded near its record levels and the Canadian employers added jobs for the seventh consecutive month according to the analysts’ estimates. Crude oil traded near $82.46 per barrel on NYMEX after it jumped to $82.97 per barrel, the highest level in almost three months. Crude oil is the main export for Canada. The analysts estimated that 12,500 jobs were added to the payrolls in the previous […]
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August 42010
Dollar Strengthens on Employment & Services PMI Reports
The US currency rose today against the euro and the Japanese yen after the reports showed that the US employers added more jobs than expected and the service industries expanded with increasing pace. The US non-farm payrolls increased by 42,000, as was reported by ADP Employer Services. The median forecast was the 38,000 growth. The non-manufacturing sector grew in July for the seventh consecutive month, as was shown by the non-manufacturing index, which registered 54.3 percent […]
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August 42010
Rand Fall as Investors Shun Riskier Currencies
The South African rand fell today as the growing concerns about the global economy, caused by the signs of the US economic expansion’s slowdown, damped the demand for the currencies of the emerging markets. The analysts predict that today’s report would show that the service industries in the US expanded with the slower pace than earlier. This forecast, together with yesterday’s unfavorable reports about the home sales, the factory orders and the personal spending, worsen already dark […]
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August 42010
NZ Dollar Weakens on Asian Stocks & Rates Outlook
The New Zealand dollar weakened today against the US dollar and the Japanese yen after the Asian stocks fell and on the speculation that the central bank would increase the interest rates with slower pace. The MSCI Asia Pacific Index of shares dropped 0.7 percent after the bad macroeconomic reports from the US caused concerns about the global economic growth. The New Zealand currency also slipped on the forecasts that tomorrow’s report would […]
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August 42010
Dollar Rises vs. Euro on Employment & Services PMI
The dollar went up versus the euro today as reports from the US were better than expected. US employers added more jobs than experts predicted and services industry in the US expanded with accelerating pace. EUR/USD is currently trading at 1.3153. ADP employment change report showed the 42k increase in July, which is better the previous report of 19k growth (revised from 13k) and the forecast 38k increase. ISM […]
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August 42010
Biggest Forex Scam Pt. I (Russell Cline)
Cheats and fraudsters abound in the world, and the foreign currency investment market has seen its share of conmen over the years. In fact, there have been a few scams of such magnitude in this market that will make you think twice before believing in any new get-great-returns-fast scheme. Orion International and Russell Cline Rags-to-Riches Orion International, a foreign currency trading company founded in 1998, was started by Russell Cline. A house […]
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