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Day: April 19, 2011
April 192011
Canadian Dollar Rises as CPI Surges
The Canadian dollar gained today after the report showed that the inflation growth was stronger than anticipated, renewing talks about possible interest rates hike on the next meeting of the central bank policy makers. The consumer prices in Canada rose 0.8 percent from February to March, on a seasonally adjusted monthly basis, the largest increase since October 2010. The composite leading index posted the increase by 0.8 percent in March, following the 1.1 […]
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April 192011
Euro Gains Even Amid Debt Crisis
The euro posted the unexpectedly strong gains today despite speculations about possible default of Greece and spreading of the sovereign-debt crisis continue to plague markets. The reason for such surprising performance was anticipation of another interest rates hike by the European Central Bank. ECB governing council member Nout Wellink said that the recent increase of the interest rates was an “extremely important” signal for investors that shows higher inflation shouldn’t be counted […]
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April 192011
USD Reverses Trend as Market Sentiment Shifts
This week has started with market sentiment turning to risk aversion mood and such sentiment may remain for the rest of the week. This can be both positive and negative for the US currency. We were seeing some time optimistic mood on markets for some time as the global economy was recovering from the recession, commodity prices going higher and overall picture of the global economy looked nice and fine. And now all of the sudden […]
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April 192011
Panamanian Forex Broker as NZ Offshore — FXOptimax
FXOptimax (the latest addition to EarnForex’ list of Forex brokers) is a company headquartered in Panama but registered as a New Zealand offshore. It’s a MetaTrader broker that also offers a trading platform for Blackberry phones. The entry conditions are rather easy — only $10 minimum account size and up to 1:400 leverage, 2 pips spreads on EUR/USD and micro-Forex is enabled. They also offer some interesting bonus offers to their micro-account […]
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April 192011
Australian Currency Looks Down When Demand for Safety Prevails
The same problems of the US and Europe’s economies that spurred demand for safety caused the Australian dollar to drop today for the second day. Currently demand for safer assets prevails on markets, reducing appeal of currencies linked to growth, including the Australian dollar. Otto Fricke, member of the German parliament, said yesterday that Greece may face default by the end of the summer. The MSCI Asia Pacific Index of shares contracted 1.21 percent, falling for the third day. […]
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April 192011
Yen Climbs while US Credit Rating & Europe’s Economy in Peril
The Japanese yen rose today after Standard & Poor’s said yesterday that the US top credit rating isn’t certain and as concerns about the debt of the European countries drove investors to the safety of the Japanese currency. The Greek bond yields jumped to the highest level since the euro was introduced, while investors’ bets show a greater than 60 percent chance of default within five years. S&P said yesterday that it […]
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