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Day: August 16, 2011
August 162011
Pound Rises as Inflation Accelerates
The Great Britain pound strengthened against most its major peers after the report showed that the consumer prices in the UK increased more than forecast last month. The government report showed that the annual inflation in Britain was 4.4 percent in July, up from 4.2 percent in June. Median forecast was a 4.3 percent growth. Bank of England Governor Mervyn King in his letter to George Osborne, Chancellor of the Exchequer, […]
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August 162011
Canada’s Dollar Goes Down with Crude
The Canadian dollar weakened today as the decline of crude oil prices and the signs of slowdown of Europe’s economy reduced appeal of riskier currencies. The slower-than-expected growth of the German and the Eurozone GDP returned markets to risk-off mode. Contract for delivery of crude oil in September dropped 1 percent to $86.99 per barrel in New York. The Standard & Poorâs 500 Index fell 0.8 percent. The fundamentals in Canada itself also weren’t supportive for the loonie. The decline of the Canadian […]
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August 162011
Aussie Falls as RBA Minutes Don’t Exclude Rates Cut
The Australian dollar fell today after the minutes of the policy monetary meeting weren’t been able to calm worries about possible interest rates cut by the Reserve Bank of Australia. The policy makers were concerned about “the acute uncertainty in global financial markets over the recent period”. The resulting decision was: Having considered all these factors, members judged that it was prudent to leave the setting of monetary policy steady at this […]
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August 162011
Euro Drops as Europe’s Economic Growth Slows
The euro snapped its three-day rally today after the macroeconomic data showed Europe’s economic growth is slowing, intensifying concerns about the impact of the debt crisis on the Eurozone economy. The German GDP, according to the preliminary report, grew just 0.1 percent in the second quarter of 2011, compared to the 1.3 percent growth in the first quarter of this year. The Eurozone GDP expanded 0.2 percent in Q2 2011, following the increase by 0.8 percent in Q1. […]
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August 162011
How Forex Indicators Work?
There are many Forex indicators available to the traders nowadays. It’s pretty impossible to know how they all work, but there are also the indicators that are usually called “standard”, which are often included into various trading platforms (like MetaTrader or Web Trader). These standard indicators are very popular among traders, but it looks like not many traders know how […]
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August 162011
EUR/USD Down as European Fundamentals Show Slowdown
EUR/USD went lower today after the reports signaled that Europe’s economy continues to experience slowdown. The data from the US also showed some negative results. Housing starts and building permits decline last month. Export prices were also down. On the other hand, import prices increased, while industrial production and capacity utilization not only grew more than expected, but also received a positive revision of the previous […]
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