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Canadian dollar weakens following weak American trade report, eurozone worries

posted by Avatar ctrlaltdel 134 days ago in CAD

By Malcolm Morrison, The Canadian Press | January 13, 2012 Canadian dollars, or loonies, sit on American dollar bills on Sept. 20, 2007 in Montreal. THE CANADIAN PRESS/Paul Chiasson TORONTO - The Canadian dollar was lower Friday amid a weak trade ... read more
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US Dollar Index Starts 2012 With Nice Move to Upside

posted by Avatar ctrlaltdel 137 days ago in USD, CAD

I am watching this closely because if the commodity currencies roll back over, it could really kick the US Dollar Index rally into higher gear. The Canadian Dollar (FXC) really interests me because it looks like it is going to be the first commodity ... read more
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GBP Outlook

posted by Avatar ctrlaltdel 150 days ago in GBP made popular 150 days ago

A financial transaction tax would prove disastrous to the financial sector of the UK economy; if imposed, it could trigger a significant selloff in the pound. According to the McKinsey Global Institute, Britain's total debt, comprised of private, ... read more
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Dollar Mixed, European Shares Inching Higher

posted by Avatar ctrlaltdel 151 days ago in EUR

Meanwhile, Germany denied reports that it will cut its growth forecast for this year from the 1.0% expected previously, while a member of the government's council of economic advisers said the eurozone's largest economy will escape a recession with ... read more
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China investment wave unlikely to swamp EU

posted by Avatar ctrlaltdel 152 days ago in EUR

Euro zone governments would love Beijing to plough more of its USD 3.2 trillion in foreign-exchange reserves into their bonds. China is also likely to chip in with a loan to the International Monetary Fund to provide a financing backstop in case Italy ... read more
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Flash: USD looks set to retreat in longer term Danske Bank

posted by Avatar ctrlaltdel 155 days ago in USD, AUD

We expect that currencies backed by solid economic fundamentals, including Scandies, AUD and CAD, will strengthen most against the dollar, they concluded. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all ... read more
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Likelihood of Global Recession Increases in Early 2012; USD Predicted to ...

posted by Avatar ctrlaltdel 156 days ago in JPY, Analysis, Economic Indicators made popular 156 days ago

Key cross-currency pairs like EUR/JPY and EUR/GBP are also covered. The FOREX.com Markets Outlook provides commentary and market forecasts with its view of the direction of the world's major currencies and other key financial markets. ... read more
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Spain borrowing costs dive, ECB loans seen at work

posted by Avatar ctrlaltdel 158 days ago in EUR

Economists believe Spain is already in its second recession in three years and the sluggish economy and high deficit have put it at centre of the euro zone debt crisis. The main concern is that if itneeds a bailout it would stretch available funds and ... read more
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AUD/NZD dragged further down; stalls ahead of 1.3100

posted by Avatar ctrlaltdel 163 days ago in NZD

You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with ... read more
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The US dollar index is slightly weaker

posted by Avatar ctrlaltdel 167 days ago in USD, NZD made popular 166 days ago

AUD followed the oscillation in risk sentiment, making a multi-day low of 1.0048 early London and recovering to 1.0225 near the NY close. NZD similarly rose from a London low of 0.7637 to 0.7760. AUD/NZD remained inside a multi-week consolidation, ... read more
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The Globalization of Finance: The Tide Turns

posted by Avatar ctrlaltdel 171 days ago in Economic Indicators made popular 171 days ago

Deflation coupled with debt overhangs at the sovereign, bank and individual level could see the Great Recession morph into a true depression. Buying the S&P at 1200 or 1100 and perhaps even at 1000 might not seem like the right move in such an ... read more
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ForexLive Asian market wrap: Australian GDP growth remains solid

posted by Avatar ctrlaltdel 172 days ago in all, AUD, Economic Indicators made popular 171 days ago

Ranges: 1.3396/1.3426 AUD/USD picked up a mild bid-tone after the decent GDP data, but the downbeat comments from the Chinese commerce ministry helped dull any bullish momentum. Ranges: 1.0225/75 USD/JPY had it's usual tight range, 77.60/79. ... read more