Consumer Confidence Rising in New Zealand
June 30, 2011 8:05 pm by Greg HoldenThe National Bank of New Zealand’s report on consumer confidence this month struck an optimistic tone with investors, who have been moving sporadically in and out of risk these past two weeks as the crisis in Greece captivates headlines. The ...
Halifax House Price Index (HPI) in Steep Decline
May 9, 2011 6:44 pm by Greg HoldenThe Halifax Bank of Scotland published its monthly indicator on housing prices today, revealing a stark downturn in housing prices by approximately 1.4% since March. The reading comes one week after a similar report by Nationwide which highlighted a 0.2% ...
US Economy adds only 179K Jobs, According to ADP
May 4, 2011 4:34 pm by Greg HoldenAutomatic Data Processing Inc. (ADP) published its non-farm employment change estimate today, showing an expectation of approximately 179,000 new jobs being added to the American private sector in April. The news stunted the US dollar’s mild gains in today’s trading, ...
USD Continues to Slide As Traders Go for Riskier Assets
January 25, 2011 7:29 am by Anton EljwizatThe USD slid against a number of currencies yesterday, as traders dropped the greenback in favor of higher yielding equities as the global stock markets rallied. Additionally, the EUR gained due to positive economic figures on euro zone industrial orders ...
US Consumer Confidence to Lead Today’s Trading
December 28, 2010 9:41 am by Russell GlaserYesterday, trading ranks were extremely thin. British and Canadian Banks were closed on Monday and Tuesday for holidays and a blizzard in New York limited activity, ensuring only minor price fluctuations. Without these economic giants pumping liquidity into the market, ...
Dollar Momentum Rising as Bernanke Speech Nears
November 30, 2010 9:49 am by Anton EljwizatThe U.S. dollar is increasingly being chosen over the yen as the choice currency during times of heightened risk aversion. The contracting global economy helped to strengthen the dollar yesterday as the yen begins to lose favor as a safe ...
EUR Gains as Irish Debt Concerns Diminish
November 22, 2010 9:52 am by Anton EljwizatWith a light news day expected, most traders will be anticipating two events as the day progresses. The first is whether or not the rumors of an EU/IMF bailout for Ireland will be proposed in the Irish parliament by her ...
Is the U.S Housing Market Seeing a Long Awaited Recovery?
October 26, 2010 6:03 pm by Natalie R.With the upcoming Nov.2 -3 FOMC meeting and the speculation of expansion of quantitative easing by the Federal Reserve the main focus of the markets, this week’s economic data is expected to have great effect on investors’ expectations.
Swiss KOF Barometer on Tap Today
September 29, 2010 10:32 am by Dan EduardThe US dollar continued to trade bearish against its main currency rivals yesterday, as worse than predicted economic indicators renewed suspicions that the Fed will soon begin a stimulus program to boost the greenback. Following the disappointing news, the ...
As USD Declines, Today’s News May Provide Insights
September 17, 2010 6:41 am by Greg HoldenAs the week comes to a close, clients are wondering if the USD’s recent decline will continue. Today’s news events seem to focus primarily on inflation and consumer confidence in the United States. This means we should receive a modest ...
