Canadian Economic Recovery Beating Out Forecasts
March 7, 2011 2:00 pm by Greg HoldenThe release of a 3.3% growth in Canada’s GDP for Q4, 2010, appears to show moderate strength returning to Canada’s economy, above what was previously expected.
Danish Krone Bearish after Moody’s Downgrade
February 22, 2011 11:30 am by Greg HoldenLast week’s downgrade of five top-listed Danish banks by Moody’s Investor Services has put moderate sell pressure on the krone (DKK).
British Pound Outshining Euro in Forex Trading
February 22, 2011 9:00 am by Greg HoldenA slew of recent analyses have shown mixed results for the EUR over the past several days, brought on by speculation surrounding Mid-East unrest; but how has the EUR compared with its British counterpart?
NZ Quake and Technical Pressure Weighing on Kiwi
February 22, 2011 7:30 am by Greg HoldenFollowing yesterday’s earthquake in New Zealand – which some expect will claim upwards of 70 lives – the Reserve Bank of New Zealand (RBNZ) appears poised to reduce interest rates in order to ease concerns. New Zealand stocks also plummeted ...
NZD/USD Tumbles in Wake of New Zealand Earthquake
February 22, 2011 7:00 am by Russell GlaserThe Kiwi was sharply lower following an earthquake that measured 6.3 on the Richter scale and sent buildings tumbling. The NZD/USD is currently testing the 0.7500 support line. A move below this level could trigger further selling to the 0.7350 ...
US Economic Data Looks to Support Dollar Gains
February 17, 2011 12:32 pm by Russell GlaserThe dollar was mixed at lunch time of the European trading session with the Swiss franc strengthening broadly on safe haven bids. US inflationary data along with weekly unemployment numbers are due up shortly.
Crude Oil Inventories Expected to Rise Tomorrow
February 15, 2011 2:00 pm by Greg HoldenAfter rising for a fifth consecutive week last Wednesday, tomorrow’s US Crude Oil Inventories report (15:30 GMT) is expected to show continued surpluses of supply in the world’s largest energy consumer. Forecasts expect to see between 1.5M and 2.6M barrels ...
EUR/SEK Signals Mixed, Expecting Mild Retracement
February 15, 2011 12:00 pm by Greg HoldenThe technical indicators for the EUR/SEK reveal an impending retracement to the latest price downturn, but these signals appear weak.
Swedish Krona Bullish after Riksbank Rate Hike
February 15, 2011 11:30 am by Greg HoldenThe Swedish economy is once more at the forefront of Scandinavian news, with the krona (SEK) bullish against its primary rivals. After an increase to the short-term repo rate by the Riksbank, forecasts on the SEK appear to favor additional ...
Crude Falls to $87.17; German Industrial Production on Tap
February 8, 2011 7:00 am by Yan PettersYesterday, while we witnessed rather peaceful trading in the forex frontier, crude oil prices continued to slide, and a barrel of crude fell about 120 pips. Crude oil is currently approaching a one-week low.
