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Day: April 17, 2012
April 172012
Bank of Canada Comments Send Loonie Higher
Right now, the Canadian dollar is seeing gains against nearly all of its major counterparts as the Bank of Canada comes out sounding a bit hawkish. Loonie is finding support in general risk appetite as well, and receiving some help from higher oil prices. Everything seems to be going right for the Canadian dollar today. The BOC came out and said that putting a stop to stimulus measures might be a priority, […]
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April 172012
Euro Lower Against Many Counterparts
Euro is lower against many of its counterparts today, dropping as concerns about the European debt situation continue to dominate the news. Spain is expected to auction off bonds today, and there are concerns about climbing yields. Additionally, there are expectations of a drop in investor confidence in Germany. Concerns about the eurozone are dominating news today as Forex traders consider that the sovereign debt situation might be contagious. […]
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April 172012
Industrial Production Disappoints Dollar Bulls
EUR/USD went down today after showing a high level of volatility during the first half of the early trading session. The major driver for the currency pair’s fall was the poor data on March industrial production in the United States. The indicator stalled for the second month in a row. Building permits rose from the seasonally-adjusted annual rate of 715k (revised down from 717k) to 747k in March, which is also significantly above the March 2011 level […]
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