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Day: August 14, 2012
August 142012
Krona Gains on Growth of Swedish Industrial Production
The Swedish krona appreciated today after the reports showed slower inflation and faster industrial production growth. The positive domestic fundamentals added to the current positive view on riskier currencies by Forex market participants. Swedish inflation grew 0.7 percent in July, following the 1.0 percent growth in June. Industrial production rose 0.4 percent in June from May on a seasonally adjusted basis. The mood on markets was positive, especially after some macroeconomic […]
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August 142012
Ringgit Goes Higher as Traders Bet on Stimulus
The Malaysian ringgit strengthened today on hopes that central banks of developed nations would stimulate their economies and on the general risk-positive sentiment of Forex traders. The Bank of Japan released the minutes of its last monetary policy meeting, showing that the policy makers is still considering implementing of stimulus measures. Other central banks are also expected to ease their policies amid signs of economic slowdown. There was less bad […]
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August 142012
Euro Gives Up Gains as US Economy Shows More Strength
Euro is giving up its earlier gains against the US dollar today as better news out of the United States gives the greenback the edge. With the latest retail sales data, the US economy appears to be in a better place than the eurozone economy, and that means that the euro is losing ground to the dollar. US retail sales increased 0.8 per cent in July, month over month. This represented a larger […]
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August 142012
Japanese Yen Drops on Expectations of Stimulus
Expectations that stimulus measures will be forthcoming, and that central banks around the world will act to boost the global economy and stave off a eurozone collapse, are helping high beta currencies today, and sending the Japanese yen lower. Yen is falling back as central banks around the world adopt the stance that they will do what they can to keep major economies from becoming victim to serious […]
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August 142012
EUR/USD Erases Gains as US Data Better than European
EUR/USD was rising today, but lost is gains after today’s reports from the United States had showed that US economic expansion continues with increasing pace. At the same time, many reports from Europe were rather bad, though some of them were better than expected. Most notably, the French economy avoided decline, while Germany’s economic growth was not as slow as expected. PPI […]
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August 142012
Stocks Drop, Loonie Follows
The Canadian dollar fell yesterday, following the drop of stocks, and remained weak today as concerns for global economic growth return to investors. The currency managed to advance versus the Japanese yen today, even though it has posted losses yesterday. The Standard & Poorâs 500 Index fell 0.1 percent yesterday. Crude oil fluctuated between gains and losses. Traders are worried that the situation in Europe may deteriorate as officials are […]
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August 142012
Euro Advances, Is It Able to Keep Gains?
The euro ended Monday’s session higher against major currencies and kept the gains today. Yet Forex traders are worried that today’s macroeconomic reports would show rather unpleasant picture of the eurozone economy, sending the currency down. Some important eurozone economic reports are released today and market participants are not optimistic about them. French gross domestic product is expected to shrink 0.1 percent in the second […]
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