Yesterday the move to safety resulted in the USD enjoying further gains across the board. As the day progressed, the AUD also saw some gains albeit small ones against the EUR. From the US last night, Building Permits and Housing Starts came in close to expectations. The positive from these numbers was the fact that the latter increased a bit more than forecasts. Read More…
Category : Forex Tags : australian fx, Forex, forex trading
Some highlights from yesterday included the pullback seen in New Motor Vehicle Sales for Australia by –0.7%. The German economy positively surprised with its GDP figure for quarter one, showing a growth rate of 0.5% versus expectations of 0.1%. When this number was released some optimism emerged though it did not last for too long. Read More…
Category : Forex
Monday revealed that Eurozone Industrial Production decreased by –0.3% against expectations of 0.5% and Australian Home Loans surprised, increasing by 0.3% last month. The AUD this morning is close to half a cent below parity against the USD though is holding up versus the EUR. The other commodity currency, the CAD has given up parity also. The losses the AUD has seen may result in pullbacks along the weaker path it is now on. Read More…
Category : Forex
Last week was dominated by political news more than anything else. The German government got the message from French and Greek voters that austerity alone will not be tolerated while in the US, there is increased support for a possible third round of Quantitative Easing. Read More…
The US Weekly Unemployment Claims released overnight remained elevated although they came in close to forecasts and the National Trade Balance deficit widened by –51.8B. In the UK, the BoE kept its rate unchanged at 0.5% and China released a healthy Trade Balance, a surplus of 18.4B versus expectations of 10B. Read More…
Category : Forex Tags : Forex, forex trading, fx
