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Day: December 2, 2011
December 22011
Canadian Dollar Gains Slightly on Good US News
Canadian dollar is advancing on good economic news out of the US. According to the Bureau of Labor Statistics in the US, 120,000 jobs were added. This news is good for Canada, and the loonie advanced accordingly. Because the US is Canada’s largest export market, the news that the employment picture is improving in America is positive for the loonie. It’s also helpful that US consumers seem ready to open their wallets this […]
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December 22011
Euro Rally in Forex Trading
Euro is rallying after some earlier weakness as positive sentiment returns to the Forex market. Hopes for ECB/IMF money, as well as good news out of the US, are helping the 17-nation currency. Earlier, the euro weakened as sentiment turned a little negative. US dollar made some gains, but those are being erased as the euro rallies on the latest round of news. There are rumors that the ECB will lend money to embattled […]
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December 22011
EUR/USD Weakens After US Unemployment Rate Drops, Still Above Opening
EUR/USD continued to rise today, but the currency pair relinquished part of its gains after the US unemployment rate unexpectedly dropped last month. The positive market sentiment still supports the euro, yet again traders talk that the European leaders need to perform some visible steps to defeat the region’s crisis and such talks may wear the euro down. US nonfarm payrolls rose 120k in November, matching the forecast value […]
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December 22011
Dollar Advances, Positive Sentiment Over?
The US dollar gained today as concerns and uncertainty slowly return to the Forex market and demand for the protection by the safe currencies may again emerge. It’s early to say with certainty that the greenback will rally again as the positive mood hasn’t yen gone completely from markets. The optimism about the future of Europe hasn’t quite waned and still puts a downward pressure on the dollar. The United States showed a positive set of fundamental data and that […]
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December 22011
AUD Declines, Still Can End Week with Gains
The Australian dollar fell today on the speculation that the European leaders will struggle to find an accord regarding measures for dealing with the region’s crisis. Still, the currency is likely to end this week with impressive gains. The joint effort of the major central banks to bring the costs of dollar swaps down set the tone for the whole week and that tone was positive. The Aussie profited from the good market sentiment and isn’t likely to give […]
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