Russian Ruble Advances from Gains in Crude Oil
October 12, 2011 4:53 pm by Greg HoldenA sudden surge in crude oil values yesterday brought about resurgence in a recently-weakened Russian ruble (RUS). The value of the RUS was brought down by strong dips in global stocks last week as traders sought the safety of more ...
US Industrial Production Sluggish
July 15, 2011 4:46 pm by Greg HoldenThis afternoon’s publication of US industrial production came out below forecasts, growing a dismal 0.2% in June. As reports reveal persistently nagging declines in growth, US confidence levels are expected to decline.
New York Manufacturing Still in Decline
July 15, 2011 4:44 pm by Greg HoldenThe fleeting idea that manufacturing was regaining its foothold was set back today as the Empire State Manufacturing Index revealed a downturn. The index moved from last month’s sharp decline to a somewhat lesser decline.
CPI Data Conflicts as Core Numbers Rise
July 15, 2011 4:41 pm by Greg HoldenThe US Bureau of Labor Statistics today published the second set of inflationary data in as many days, this time covering the consumer price index (CPI), as compared with yesterday’s producer price index (PPI). The contradictory data from the CPI ...
Affirmative Greece Austerity Vote a Blessing or Curse?
June 30, 2011 8:16 pm by Greg HoldenAfter Greece passed its austerity budget in parliament yesterday, the governments of Europe have been analyzing and speculating about what comes next. Though securing another installment of its International Monetary Fund (IMF) bailout, the citizens of Greece expressed their anger ...
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 ...
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 ...
United France and Germany Tackle Greece Debt Concerns
June 17, 2011 8:46 pm by Greg HoldenUnity between leaders in France and Germany was seen today as both French President Nicholas Sarkozy and German Chancellor Angela Merkel made statements about a new plan, dubbed the “Vienna Initiative,” that may lead to approval for an aid package ...
ECB Resists Greek Debt Restructuring
May 19, 2011 6:37 pm by Russell GlaserLines are being drawn in the fight over how to handle the Greek fiscal crisis. The ECB and Greece are wrangling over a potential restructuring of Greek debt or an increase of financial aid to the country in return for ...
European Investor Confidence Drops, Should We Be Surprised?
May 9, 2011 6:41 pm by Greg HoldenThis morning’s release of the Sentix Investor Confidence report out of the euro zone showed a wide gap emerging between this month’s expectations and today’s actual results. But should forex traders really be surprised by such a downturn? Perhaps, yes.
