What’s Happening With Currencies – September 1, 2011
A bit of profit taking has taken over the major currencies, helping to lead the US dollar higher in the session. Although plenty of economic news has been released this morning, traders continue to keep their sights on tomorrow’s US non-farm emp
EUR Dips on Manufacturing, GBP Weaker Post Housing, CHF GDP
The EUR took a tumble against its following weaker than expected manufacturing data for August, which dented European stocks and injected risk-off mode into currencies. The GBP also so its manufacturing sector contracting in August, and housing p
USDCAD Stalls On Disappointing GDP
According to Statistics Canada on August 31st, gross domestic product declined by 0.4% in the April to June quarter. Although business spending and investment remained positive, rising imports and a slower exporting environment contributed immen
Canada's Economy Contracts in 2Q, But June Shows 0.2% Gain
Today we had the release of GDP figures from Canada both for the June, as well as for the second quarter. It was a mixed result as the monthly change came in a bit better than expected, but we did see disappointing second quarter results. Overall
EUR Falls on Growth Concerns, Data, Italian Debt Auction
We had a myriad of factors affecting the EUR today, pushing down the currency against its major rivals, especially the USD, JPY, AUD, and NZD. S&P warned that the chances of a double dip recession have increased, which solidified concerns we had
QE3 Postponed: Bernanke Opts For Markets Volatility
By postponing QE3, Bernanke is betting on two things. First, the Federal Reserve Chairman is betting on Washington ability to effective reform the US economic system through political action, second he is hoping that the markets will naturally mo
USDINR Hits Almost 1-Year High
Since the beginning of 2011, the Indian rupee has gained by about 2.2% against the US dollar. Driven by global investors’ search for higher investment returns, India’s currency has advanced from an exchange rate of 45.05 to the year’s high of 43
Citigroup Cuts Global GDP Growth Estimates
(Dow Jones via eFXnews) Citigroup cuts its 2011 global GDP growth estimate to 3.1% from 3.4%, and its 2012 growth estimate to 3.2% from 3.7%.The brokerage does not expect recessions in the major economies, but does expect ......
Flash report: Second quarter 2011 GDP of Israel grew by 3.3%
According to the recent publication by Central Bureau of Statistics of Israel (CBS), the GDP of Israel continues to grow but at a slower pace:
Obama to Try to Get Fiscal Measures Passed to Help Economy
President Obama will be unveiling a message in September that the government should not sit on the sidelines as the economy deteriorates, calling for short term spending that can help boost job growth and stimulate the economy. Those economic pro
Preview of Euro-zone GDP: Can Euro Holds Its Momentum
The Euro-zone GDP is going to be very important because a lot of the problems faced by European countries revolve around their week growth rates, or least expectations for weak growth ahead. This includes the bigger economies such as France, Ital
Japan’s Growth Good For The Yen?
Quarterly growth for the world’s third largest economy contracted less than estimated. In the second quarter, preliminary output readings showed a more mild contraction of 0.3% – compared to 0.6% estimated declines. On an annualized basis, the


