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Day: July 10, 2012
July 102012
Canadian Dollar Drops on Falling Prices for Crude & Corporate Earnings
The Canadian dollar weakened today as prices for crude oil declined, while the market sentiment was not supportive for riskier currencies. Against the euro, the Canadian currency was rising. Futures on crude oil fell as much as 2.5 percent to $83.65 per barrel on NYMEX today. Crude dropped on fears that the crisis in Europe and its negative impact on the global economy would persist. Yesterday, oil climbed on concerns that a strike would halt […]
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July 102012
US Dollar Retains Upper Hand
US dollar is retaining the upper hand in trading today, as uncertainty remains. Concerns about the eurozone remain, even after the announcement of the Spanish bailout. While US dollar has pared some of its gains, it is still retaining a lot of its strength, especially against the European currencies. Some of the dollar’s earlier gains have been pared today, but there are still plenty of barriers to risk appetite, and that […]
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July 102012
Euro Remains Lower, Even After Spanish Bailout
A Spanish bailout has been agreed to, with eurozone leaders providing 30 billion euros by the end of July. On top of that Spain has until 2014 to meet its deficit reduction target. The news, while it has helped bolster stocks, hasn’t given the euro much of a boost. Euro remains lower against the US dollar as other issues take precedence. While eurozone leaders have agreed to bail out […]
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July 102012
Pound Gains vs. Euro on Manufacturing Data, Falls vs. Dollar
The Great Britain pound rose against the euro today as positive macroeconomic reports, including the unexpectedly good data about manufacturing and industrial production, increased appeal of the currency. The sterling was down versus the US dollar, erasing its previous gains. Manufacturing production rose 1.2 percent and industrial production increased 1.0 percent in May from April, while little change was expected. The trade balance deficit (seasonally adjusted) fell […]
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July 102012
Aussie Weakens Ahead of Employment Report, Pares Losses
The Australian dollar dropped today ahead of the employment report later this week. The report is expected to be rather bad and the resulting pessimism added to the general negative mood on the Forex market that was caused by fears of global economic slowdown. Yet the Australian currency managed to rebound after the initial losses. Analysts estimated, before the report from the Australian Bureau of Statistics that will be released on July 12, that Australia’s […]
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July 102012
Display Dollar Index in MetaTrader
According to one of my old polls, a lot of Forex investors trade dollar-based pairs. I doubt that much has changed there since 2009. Doubtless also, all these traders could really benefit from the dollar index display directly on their trading charts rather than looking for them on some lagging websites. Unfortunately, MetaTrader platform does not offer any tool to show the dollar index (USDX or DXY). The existing […]
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