Day: April 11, 2012

April 11
2012

Pound Advances with Retail Sales

The Great Britain pound climbed today after a report showed that UK retail sales grew last month, following a decline in the previous month. The report made Britain’s assets more attractive to investors, who were worried about the economic slowdown in the United Kingdom. British Retail Consortium reported that retail sales were up 1.3 percent on a like-for-like basis in March from a year ago. The increase followed the drop by 0.3 […]

Read more
April 11
2012

Canadian Dollar Gets a Boost from Optimism

Canadian dollar is gaining against the US dollar right now, receiving a boost on general optimism today. Loonie is getting help as investors find optimism after Alcoa earnings, and on the fact that oil prices are heading higher. Yesterday, there was a lot of gloom on the market as concerns about the eurozone overshadowed just about everything. High beta currencies retreated; commodity currencies couldn’t find support. Today, though, […]

Read more
April 11
2012

Euro Heads Higher — For Now

Euro is higher today, gaining as stocks see some improvement, and as risk appetite overall improves. However, even with relief allowing the euro to push through resistance, the 17-nation currency still remains vulnerable, and there are still questions about how well the eurozone can weather more problems. Right now, the euro is getting a boost as the stock markets show some signs of relief. Alcoa earnings in the United States […]

Read more
April 11
2012

EUR/USD Climbs as ECB Plans to Buy Spain’s Debt

EUR/USD advanced today after the European Central Bank indicated that it’s going to buy Spanish bonds in an attempt to reduce borrowing costs. The currency pair was rising steadily in the first half of the trading session, but stalled and currently declines. As for news from the United States, rising import and export prices together with shrinking budget deficit make this day positive from the fundamental point of view. Export and import prices […]

Read more
April 11
2012

Yen Climbs Ahead of Italy’s Debt Auction

The Japanese yen climbed to the highest level in more than a month today before retreating a little as Forex market participants feel uncertain as borrowing costs in European nations rise. The yield for ten-year Italian notes climbed 23 basis points to 5.69 percent yesterday, the highest level since February 17. The yield of Spain’s securities maturing in 10 years reached 5.99 percent yesterday, the highest since December 12. It looks like […]

Read more