May 10, 2013 – The Plot

May 10
2013

Canadian Employment Trails Forecasts, CAD Loses to USD

Canadian employment growth was below forecasts, making the Canadian dollar close lower against its US peer. At the same time, the currency closed flat against the euro and higher versus the Japanese yen. Canadian employers added 12,500 jobs in April from March, when employment shrank as much as 54,500. The consensus forecast was at 14,800. The unemployment rate stayed at 7.2 percent as it was expected. The Canadian currency, which was […]

May 10
2013

Yen Drops, USD/JPY Advances Above 101 Mark

The Japanese fell today against all other most-traded currencies and dropped below the 101 per dollar level on positive data from the United States and signs that Japanese investors buy foreign bonds. The US federal budget balance turned from the deficit of $106.5 billion in March to the surplus of $112.9 in April. The excess was above the analysts forecast of $108.3 billion. The government data showed that Japanese investors boosted their holdings […]

May 10
2013

Canadian Dollar Weakens with Other Commodity Currencies

Canadian dollar is heading lower today, dropping along with other commodity currencies. With commodities plunging, it is little surprise that currencies like the loonie are losing ground today. Commodity currencies are struggling today as gold and oil drop in trading. The Canadian dollar is losing ground along with other commodity currencies. Oil, a major export for Canada, and a major support for the loonie, is down […]

May 10
2013

Euro Drops Below 1.3000 Against the US Dollar

Euro is lower against the US dollar today, dropping below the 1.3000 level for the first time in about two weeks. There isn’t a clear reason for the drop to take place right now, but there is speculation that general dollar strength is the main driver. Euro was losing ground earlier today against the dollar and the pound. Euro broke down through the 1.3000 level against the US dollar as dollar […]

May 10
2013

Norwegian Krone Rallies with Accelerating Inflation, Retreats

The Norwegian krone rallied today as inflation accelerated more than analysts have expected, reducing incentive for the central bank to cut interest rates. The currency retreated and trades below the opening level as of now. The Consumer Price Index, adjusted for taxes and energy prices, rose from 0.9 percent in March to 1.5 percent in April on an annual basis. The median forecast was at 1 percent. The gauge advanced 0.6 percent last month from the month […]

May 10
2013

Aussie Suffers as RBA Lowers Inflation Outlook

The Australian dollar dropped today, touching the lowest level since June versus its US counterpart, as the Reserve Bank of Australia lowered its inflation outlook, reigniting talks about possible interest rate cut. The RBA lowered its projections for this year’s inflation down to 2 percent from the previous estimate of 3 percent. Economic growth “is expected to be a bit below trend” at 2.5 percent. The central bank unexpectedly […]

May 10
2013

VPS Service from Professional MetaTrader Coders

Forex Cloud Servers is a specialized VPS service that was recently launched by CandleFOREX — a MetaTrader coding service, which is active online since 2006. The consequences of such origin are expressed in their level of quality. Unfortunately, it also comes at a cost, making them one of the most expensive VPS available to FX traders. Here are some of the important features of Forex Cloud Servers: No monthly bandwidth limit. […]

May 10
2013

Polish Zloty Remains Firm After Interest Rate Cut

The National Bank of Poland cut interest rates earlier this week, surprising Forex market participants. The Polish zloty remained strong even after the unfavorable policy decision. The NBP slashed its main interest rate by 0.25 percentage point to 3 percent on May 8. The central bank noted that economic activity was weak both in Poland and across the world, expressing concern that recession in the eurozone continued. The statement, which […]

Day: May 10, 2013