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Day: May 20, 2011
May 202011
Canada’s Dollar Falls with Retail Sales & Inflation Growth
The Canadian dollar weakened today against the US dollar and the Japanese yen after the reports showed that the inflation increased less than predicted and the core retail sales unexpectedly dropped. The currency advanced against the euro. The consumer prices index rose 0.3 percent in April, on a seasonally adjusted monthly basis, following the 1.1 percent increased in March. Analysts predicted the 0.5 percent growth. The retail sales were unchanged at $37.3 billion in March. […]
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May 202011
New Zealand Dollar Gains on Good Economic Outlook
The New Zealand dollar strengthened today as the positive outlook for the growth of the nation’s economy increased attractiveness of the currency. New Zealand’s government estimated an operating surplus of NZ$1.3 billion in the year ending June 2015. Bill English, the nation’s Finance Minister, stated that the government would save NZ$5.2 billion over four years to spend on health, education and rebuilding after two earthquakes in Christchurch. Goldman Sachs Group Inc. raised its New […]
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May 202011
Euro Slips as Bundesbank Warns Germany’s Economy May Slow
Germany’s Bundesbank said that the growth of the nation’s gross domestic product can lose momentum, signaling that the major European economy isn’t as strong as was considered before and sending the euro tumbling down. The Bundesbank said today in its monthly bulletin that “growth is likely to ease somewhat in the foreseeable future” and that the 1.5 percent GDP growth in the first quarter of this year “considerably overstates the underlying economic momentum. Output […]
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May 202011
5 Forex Blogs I Recommend Reading
I’m not a big fan of lists, but when it comes to trading, it’s very important not to waste time on reading some nonsense and useless posts. That’s why I’d like to introduce a list of Forex blogs that I strongly recommend as the useful sources of daily market information, education, fundamental insights and trading philosophy: Forex Crunch — this blog has almost everything: fundamental & technical analysis, important industry […]
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May 202011
US Dollar Falls as Economy Weakens
The US dollar declined as the signs of the weakening US economy caused speculation that the Federal Reserve will maintain its quantitative easing program, undermining dollar’s strength. The existing home sales decreased 0.8 percent to a seasonally adjusted annual rate of 5.05 million in April from 5.09 million in March. The Business Outlook Survey of the Federal Reserve Bank of Philadelphia showed that the manufacturing index slumped to 3.9 in May from 18.5 in April, […]
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