Day: November 14, 2011

November 14
2011

UK Pound Drops on Risk Aversion

UK pound is lower today as risk aversion sets in. Concerns about Europe are affecting the financial markets today, with banks retreating — and other stocks retreating as well. Even though the pound is lower against the dollar and yen on risk aversion, though, it is gaining against the euro. Once again, Europe is the focus, as Spanish and Italian bond yields rise. Italy doesn’t look any […]

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November 14
2011

Japanese Yen Rises on Safe Haven Demand

Japanese yen is rising today as Q3 GDP results indicate that Japan is recovering from the March 2011 earthquake and tsunami. Also boosting the yen today is safe haven demand as, once again, European stability is called into question. Japanese economic growth showed annualized growth of 6% in Q3 of 2011, providing evidence that recovery is well underway from the earthquake and tsunami in March. […]

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November 14
2011

Retail Sales Boost New Zealand Dollar

The New Zealand dollar jumped today after the government report showed yesterday that the retail sales increase in the third quarter. New Zealand retail sales (seasonally adjusted) increased 2.2 percent in the third quarter of this year from the second quarter. That’s more than three times about the market expectations (0.6 percent) and better than the previous reading (1.0 percent). The NZ dollar is still in danger from worsening […]

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November 14
2011

Italian Borrowing Costs Rise, Euro Suffers

The euro was down today after the costs of the Italian securities surged, renewing concerns about the debt crisis in the European Union. Yield on the Italian five-year notes jumped to 6.29 percent today from 5.32 percent at the previous auction and was the highest since June 1997. The euro tried to slow its downfall after the news about the government in Italy, but wasn’t successful. Silvio Berlusconi resigned yesterday and Italian President Giorgio Napolitano […]

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November 14
2011

Being a Trader Is Profitable, Especially If You Work with IAFT

The following post is a paid advertisement. The content was provided by the advertiser. Being a Trader is Profitable, Especially if You Work with IAFT Today it is hard to surprise anybody with the profession of a trader. Every day trading in foreign exchange attracts more and more people who wish to earn money. Forex is a real opportunity to realize your potential and obtain financial freedom. Moreover – the list of brokerage […]

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