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Day: February 3, 2012
February 32012
Canada’s Dollar Jumps on Good US Payrolls
The Canadian dollar jumped today as positive employment data from the United State boosted risk appetite among Forex traders and overshadowed poor employment report from Canada itself. Reports ahead of US non-farm payrolls provided a mixed picture about the US employment market as ADP employment report showed less-than-expected growth, while unemployment claims dropped more than was forecast. The payrolls came out today, supporting positive […]
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February 32012
US Dollar Pares Earlier Gains
US dollar is paring some of its earlier gains against the euro as risk appetite improves. However, greenback still has the upper hand against European currencies right now as the data coming out of the United States seems to indicate that the economic recovery could speed up. Right now, the big excitement is the non-farm payrolls for January. Analysts had expected some gains for jobs, but the figures released beat […]
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February 32012
Euro Falls on Disappointing News
Euro is lower today, thanks to disappointing news coming out of the eurozone. The 17-nation currency is pulling back on falling retail sales and a disappointing bond auction in Portugal. Even the general enthusiasm experienced by financial markets at the latest US jobs data isn’t helping the euro right now. Euro is down on the Forex market with the news that eurozone retail sales were down 0.4% in December. The drop in sales was […]
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February 32012
Ruble Decline After Bank Rossii Keeps Rates Unchanged
The Russian slid today as Russia’s central bank kept its main interest rates unchanged and crude oil, the main nation’s export, traded near the lowest level in six months. Bank Rossii left its key refinancing rate at the same level today. The bank said in the statement: The decision was supported by the assessment of inflation risks and risks of economic growth slowdown, including those associated with the global economic uncertainty. The statement mentioned […]
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February 32012
Services PMI Eases Concerns About UK Economy, Pound Gains
The Great Britain pound gained today after a report showed that UK service industries advanced last month, easing concerns about recession of Britain’s economy and making the sterling again viable haven from Europe’s crisis. The Markit/CIPS UK Services PMI rose from 54.0 to 56.0 in January from December. Service sectors demonstrated the strongest growth since March 2011. Business confidence and outlook also improved. The positive data […]
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February 32012
EUR/USD Drops Sharply as US Employers Add More Jobs Than Anticipated
EUR/USD was rising today, but sank after US nonfarm payrolls came out better than was predicted and unemployment rate unexpectedly decreased. Service industry also showed positive tendencies. On the negative side, factory orders grew with slower pace than was expected by specialists. The currency pair attempts to rebound now, but remains below the opening level. Nonfarm payrolls came out today, showing growth […]
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February 32012
USD Gains vs. EUR & GBP on Positive Outlook for US Economy, Retreats
The US dollar rose yesterday against the euro and the Great Britain pound on positive macroeconomic data from the United State and comments of Federal Reserve Chairman Ben Bernanke, but was somewhat weaker today. The currency was flat versus the Japanese yen today, as well as yesterday. US jobless claims fell from 379,000 to 367,000 jobs last week, more than experts predicted. The positive data eased concerns caused by the worse-than-expected […]
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February 32012
Franc Flat as Trade Balance Decreases Even as Export Grows
The Swiss franc was flat today as Swiss exports advanced, easing concerns about a new intervention by the Swiss National Bank, but trade balance surplus decreased anyway. The Swiss Federal Statistical Office reported that nation’s exports advanced by 6.1 percent in December from a month ago, following the drop by 4.8 percent in November. The growth of exports decreased concerns about a negative impact of the strong franc on Swiss exporters and reduced probability […]
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