US Trade Balance Slightly Lower than Forecast
October 13, 2011 2:53 pm by Greg HoldenIn a sign that a recently weakened US dollar (USD) is perhaps aiding the US economy’s growth, today’s trade balance figure came in just slightly lower than the forecasted deficit. Though not an entirely positive signal, the trade deficit grew ...
Australian Employment Figures Lift AUD
October 13, 2011 2:50 pm by Greg HoldenThe value of the Australian dollar (AUD) made a jump in today’s early trading following reports from the Australian Bureau of Statistics that employment saw modest growth in September. The Employment Change figure was forecast to see an expansion of ...
Canadian GDP Beats Forecast after CPI Hints at Growth
June 30, 2011 8:12 pm by Greg HoldenThe agency Statistics Canada released news this afternoon in line with what several analysts were expecting after yesterday’s CPI figures. Canadian GDP stagnated at 0% growth for the past month, but was optimistically above the forecast contraction of 0.1% and ...
University of Michigan (UoM) Report Underlines Growing Pessimism
June 17, 2011 8:51 pm by Greg HoldenThe University of Michigan’s (UoM) preliminary consumer sentiment report, published this afternoon, underlined recent talk of growing pessimism in the American economy by domestic consumers. The report, which is a survey of about 500 consumers, asks respondents to rate the ...
Weekly Fundamental Forex Preview – European Debt Crisis Comes to Head
May 20, 2011 3:56 pm by Russell GlaserWeekend risk is back on the table as Spain returns to the headlines.
UK Unemployment Claims Unexpectedly Rise as Sterling Slides versus the Euro
May 18, 2011 11:05 am by Russell GlaserSterling is lower after an unexpected jump in UK unemployment claims while the unemployment rate surprisingly declined. As expected, meeting minutes from the Bank of England’s latest policy meeting showed the MPC is determined to hold interest rates at ultra-low ...
Scandinavian Kroner Reaching Tipping Point vs. USD?
May 17, 2011 6:35 am by Greg HoldenLooking over the fundamentals tells the story of an ascendant Scandinavia in the currency world. The Swedish krona (SEK) and Norwegian krone (NOK) are among the globe’s highest yielding currencies from a fundamental standpoint. But why then does the technical ...
Dollar Correction Continues to Build Strength with Declines in Silver
May 12, 2011 1:48 pm by Russell GlaserThe rally in the dollar continues to build on last week’s gains as silver prices have fallen below last week’s low in line with gold and crude oil prices. The sell-off in commodities and global equities has helped to strengthen ...
Aussie Slumps to 4-Day Low vs. USD
April 19, 2011 2:37 pm by Greg HoldenThe Australian dollar (AUD) remains bullish in spite of monetary tightening in China. However, the concerns that restricted bank requirements for Chinese banks would impact its Pacific neighbors initially drove the Aussie to a 4-day low against the US dollar ...
S&P Spooks Market with Downgrade of US Outlook
April 19, 2011 2:35 pm by Greg HoldenStandard and Poor’s (S&P) rating agency downgraded its US long-term outlook from stable to negative today, citing indecisiveness among US policymakers as the main reason. The agency commented on how the downgrade was necessary considering that over two years have ...
