Canada’s Economy Bolsters Canadian!

Jun 01
2010

FOREX – The Canadian dollar rose against its U.S. counterpart, paring previous losses, and extended its rally versus the euro today on the signs of the record economical growth and on rising oil prices, which caused the speculations that the central bank will increase the interest rates.

Canada’s gross domestic product grew 6.1 percent in the first quarter of this year, the fastest pace in a decade. July delivery for crude oil rose $0.71 (1 percent) to $74.68 per barrel on the New York Mercantile Exchange. Crude oil is the source of the biggest export revenue for Canada. Read the rest of this entry »

Forex & CFD – Die Luxusklasse des Tradings

May 29
2010

Forex – Im Eiltempo gewinnt der Forex Markt seit einigen Jahren das Interesse auch deutscher Anleger. Spezialisierte Forex-Broker ermöglichen Privatanlegern über ihre Handelsplattformen den Zugang zum Devisenmarkt. Dieser gilt als der liquideste der Welt -rund 3,5 Billionen US-Dollar werden täglich umgesetzt.

Forex Trading versteht sich als die Luxusklasse der Spekulation und bietet ein beträchtliches Potenzial. Der Handel mit Währungen findet nicht an einer zentralen Börse, sondern direkt zwischen den Marktteilnehmern statt. Öffnungszeiten wie an der Börse sind dabei ebenfalls passé: Der Forex Handel beginnt am Sonntagabend in Australien und endet am Freitagabend in den USA. Über die Accounts der Forex Broker kann so rund um die Uhr mit Währungen gehandelt werden. Read the rest of this entry »

Trade Balance Deficit Growth

Apr 16
2010

EUR/USD consolidated today with a previous movement both up and down, as the traders are unsure about the further direction for the pair. The dollar’s dynamics against the euro is affected strongly by the events in Europe and less of the market participants look seriously at the U.S. statistics nowadays. EUR/USD is now trading near 1.3599.

U.S. trade balance deficit rose from $37.0 billion to $39.7 billion in February as the imports rose 10 times faster than the exports during the month. The median forecast value for the deficit was at $39.0 billion.

Both import and export prices rose by 0.7% in February in United States. This growth followed 0.2% drop for the import prices and 0.4% drop for the export prices reported for January.

Yesterday, a report on the U.S. Treasury budget for March was released. It showed a deficit of $65.4 billion, which significantly below the $191.6 billion deficit reported for March 2009, but is worse than $62.0 billion deficit predicted by the analysts.

Appreciate Against Dollar

Apr 16
2010

EUR/USD failed to go up significantly today and retreated even before reaching the Monday’s high level, as the fundamental indicators hinted a soon rate hike in the United States. The pair is currently trading near 1.3629 and it looks like the traders aren’t quite sure where to go now.

Retail sales unexpectedly rose by 1.6% in March after 0.5% increase in February. The forecasts pointed only at 1.2% growth. Such a fast improvement of the U.S. retail sector may become a very positive signal for the Fed and for the dollar.

Consumer price index (CPI) went up by 0.1% in March, following a zero change in February. It wen up in accordance with the median forecast.

Business inventories rose by 0.5% in February — faster than 0.2% growth in January and the expected 0.4% gain for February.

Crude oil inventories decreased by 2.2 million barrels last week. Total motor gasoline inventories decreased by 1.1 million barrels during the same period in U.S.

The Value of Trade Balance to Local Economy

Mar 29
2010

symbolized as NX, is the difference of the monetary value of imports and exports in one economy in a given period of time. The balance of trade is considered the biggest part of a country’s balance of payments.

Imports, domestic spending, foreign aid, and investment abroad are called debit items while credit items includes exports, foreign investments in domestic economy and foreign spending in domestic economy.

A trade surplus is a positive balance of trade which is consists of more exporting than importing. A trade deficit is the negative balance of trade or sometimes called a trade gap. The trade balance can sometimes be divided as services balance and goods balance just like in the United Kingdom which they use the terms invisible and visible balance. Read the rest of this entry »

Where was the SNB?

Mar 27
2010

One of the clear victors of the Greek sovereign debt crisis has been the Swiss Franc, which has risen 5% against the Euro over the last quarter en route to a record high. 5% may not sound like much until you consider that the Franc had hovered around the €1.50 for most of 2009. Every time it budged from that mark, the Swiss National Bank (SNB) moved swiftly to return the Franc to its “resting spot.” So where was the SNB this time around? Read the rest of this entry »

The method of alignment was simple

Feb 08
2010

The following charts provide a simple comparison (not a correlation) between the big stock bounce that occurred in the wake of the DOW crash of 1929 and the bounce we are seeing today in the S&P 500 index.

The method of alignment was simple… take the first definitive up trading day off the bottom of the preceding bear market low and set that as the start of the series… then simply re-base both series to a value of 100 so that they can be compared side-by-side.

The lower bar chart plots the cumulative percentage change since the start of each bounce.

Fed's Bullard: could see asset sales later in 2010

Feb 08
2010

The Federal Reserve could begin to sell off assets later this year and should try to get its balance sheet down to a normal size before the next recession strikes, a senior Federal Reserve official said on Monday. Read the rest of this entry »

Indian economy 'to grow 7.2%

Feb 08
2010

India has said its economy is set to grow by 7.2% in the year to the end of March, raising the chance that state support could soon be withdrawn.

Government stimulus measures helped to maintain strong growth during the global downturn, but attention is now turning towards cooling rising prices. Read the rest of this entry »

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