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Day: June 1, 2011
June 12011
Swiss Franc at Record vs. Dollar & Euro
The Swiss franc jumped to the record price against the US dollar and the euro as the signs of stalling global recovery made traders seek safety, drawing them to Switzerland’s currency. US employers added only 38,000 jobs in May, according to the report of Automatic Data Processing Inc., compared to the April change of 177,000. The Purchasing Managers’ Index of the Institute for Supply Management slipped to 53.5 in May from 60.4 in April. China’s PMI went down from […]
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June 12011
Register for Automated Trading Championship 2011
Another round of the Automated Trading Championship by MetaQuotes is coming — the registration process for ATC 2011 starts today. It’s your chance to win up to $40,000 by submitting an MT5 EA that would be trading profitably during the period from October 3rd till December 23rd this year. The current version of rules is the same as the one that was used in 2010. The organizer of the championship believes that this year there […]
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June 12011
EUR/USD Profits from Low US Employment & PMI
EUR/USD extended its advance today as the US economy continues to show one bad result after another. The PMI was below even pessimistic forecast, while employment change was terribly low. After such a bad report about employment it’ll be interesting to see what the non-farm payrolls on June 3 will show. EUR/USD trades at 1.4422 now. ADP employment showed an increase by 38k in May from April. […]
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June 12011
Canadian Dollar Weakens on GDP & Interest Rates
The Canadian dollar fell today as the negative influence of the current account deficit and unchanged interest rates outweighed the positive influence of the growing economy. The currency advanced against the greenback, which was crippled by the bad economic reports from the US. Canada’s gross domestic product expanded 0.3 percent on a monthly basis in the first quarter of this year. That’s better than forecast of a 0.2 percent growth and much better than the decline by 0.1 percent […]
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June 12011
Bad US Economy Knocks Dollar Down
The US dollar fell today as the poor macroeconomic reports confirmed the slowdown of the US economy, making an end of the quantitative easing in the near future highly improbable. The seasonally adjusted S&P/Case-Shiller Home Price index fell 3.6 percent from a year ago. The Chicago Business Barometer fell to 56.6 in May from 67.6 in April, indicating a slowed growth of economic activity. The The Consumer Confidence index of the Conference Board slipped to 60.8 in May from 66.0 […]
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