Record UK Current Account Deficit to Pressure UK AAA Rating
Yesterday, I argued that the UK’s credit rating will be a major factor for the GBP/USD, with Moody’s suggesting the loss of its AAA status would be a possibility if the economy faces another shock. The data to monitor will be the continuing debt
Preview: New Zealand GDP & Implication for AUD/NZD
New Zealand releases its 3Q GDP data in Wednesday (12/21) session and the report could act to lift the New Zealand dollar as the expectations is for a nice bounce back to growth from a poor 2Q. The consensus forecast is for a 0.6% rise, compared
No QE3 for Now Gold and Silver Declining –FOMC Meeting
As I have expected, in the last Federal Open Market Committee meeting, which was held today, December 13th, there were no surprises and Committee decided to maintain its current monetary policy and didn’t introduce a new stimulus plan such as qua
Currency Traders Bet Against China Growth (video)
Watch: Fears over the impact of Europe's problems on China lead more traders to short currencies directly linked to China's growth.
Euro Not Likely To Break Up, But Recession Looms -SocGen
(Dow Jones via eFXnews) Europe faces a bumpy road ahead, but the "army of muskets" mustered to face its fiscal difficulties should avert a currency-union breakup, Societe Generale's James Nixon said on a conference call Monday.Although the Fr
Australian Dollar Jumps On Positive GDP
Rising better than anticipated, Australian third quarter expansion surprised analysts and market economists at the start of the Asian session. The positive data boosted the underlying Australian dollar, forcing it to trade as high as 1.0275 agai
GDP Report Shows A Weaker Brazil
Brazilian real traders were unable to pull any good news out of today’s gross domestic product report for the Brazilian economy. As a result, the country’s currency declined against the US dollar – falling to 1.7947 or a two and a half week low
Goldman Sachs Forecasts Outright Recession In UK
(Dow Jones via eFXnews) Goldman Sachs forecasts an outright recession in UK, with two consecutive quarters of 0.1% quarter-on-quarter contraction in 4Q 2011 and 1Q 2012.Goldman Sachs adds the .......
Canada Growth Skyrockets On Export Resurgence
A reversal in net exports helped to propel the Canadian economy to an accelerated pace of growth in the third quarter of this year. According to Statistics Canada, expansion in the world’s 10th largest economy grew at an annualized pace of 3.5%
Preview: AUS Capital Spending, Private Credit; RBA Forecast
- Nick Nasad is the Chief Market Analyst at FXTimes – provider of Forex News, Analysis, Education, Videos, Charts, and other trading resources.Information and opinions contained in this report are for educational purposes only and do not co
Swedish Economy Jumps On Export Rise
Surprising analysts, Statistics Sweden revealed that the Swedish economy roared past its industrialized competitors in the third quarter. Gaining by 1.6% in the quarter over quarter measure, the Nordic economy is now forecasted to expand by a ro
US GDP Falls Below Forecasts, Adds To Market Pressure
US Commerce Department figures showed that gross domestic product for the world’s largest economy was a bit worse than previously anticipated. According to the third quarter survey, the US grew at a 2% pace in the July to September period.


