Posts Tagged ‘Economic Recovery’

The truth about indicators of economic sentiment

At any given time, the theoretical value of the shares – this is just your present value of future dividends.

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Euro managed to push through $1.50, but has slipped this morning following mildy disappointing Chinese data

The single currency resumed its upward march against the greenback yesterday, finally broaching the 1.50 mark, to close up half a cent at 1.5015.

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Dollar “bulls” and “bears” met at the border

Although published in the previous session, quarterly reports were once again better than forecasts, the markets have decided instead to beat the American statistics, which do not meet the expectations that led to a strengthening dollar and a slight correction on Wall Street.

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Sterling has resumed its recent upward trend against the kiwi, buoyed by brief market selling in high-yielders and by the MPC minutes

Sterling climbed over a cent and a half against the kiwi in trading yesterday as the market briefly turned bearish on higher-yielding currencies.

Click to continue reading “Sterling has resumed its recent upward trend against the kiwi, buoyed by brief market selling in high-yielders and by the MPC minutes”

Improving global economic sentiment continues to raise demand for kiwi assets, boosting the NZ currency vs the pound

The kiwi advanced over three and a half cents (1.6%) against the pound yesterday as investors showed renewed enthusiasm for risky assets.

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Euro pushes higher but finds strong resistence at $1.50

The single currency resumed its climb against the dollar in trading yesterday, supported by rising confidence in the global recovery, closing the day up 0.4%.

  • The euro hovered just below the psychologically important 1.50 level as the US dollar remained under selling pressure on expectations that US interest rates will remain pinned at record lows well into 2010.

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Sterling traded strongly at the end of last week against the kiwi but has slipped back sharply this morning

Sterling managed to close last week at a near two-week high of 2.2056 against kiwi, as the UK currency continued to build on support from a BoE official.

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Positive economic data supported euro gains vs the US dollar yesterday, but the price has pulled back this morning

The single currency pushed higher once again as the greenback suffered from rising appetite in the wake of positive economic signs.

  • The dollar initially made after ECB President Trichet said that the US government and the Federal Reserve should pursue policies supporting a strong dollar and that excessive foreign-exchange volatility is an “enemy.”
  • However the euro trimmed its losses in the afternoon following positive US data, which bolstered expectations that the economy is recovering.

Click to continue reading “Positive economic data supported euro gains vs the US dollar yesterday, but the price has pulled back this morning”

Euphoria over the corporate reporting continues

Currently scheduled reports earnings Citigroup, Goldman Sachs and Google. If the results exceed expectations, stock markets continue to rise.

Bank “JPMorgan” yesterday issued a strong quarterly report, which, together with the report “Intel” has become the main acting force growth on the stock exchanges.

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The positive news and comment from New Zealand and Australia strengthened the downtrend of the dollar

While the currency markets wavered, hesitating to jump into a train of risk on the New York session, Wall Street took the bull by the horns, and the DJIA index Breaks at 10 000 points for the first time since October 2008.

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The aussie stumbled yesterday, enabling the pound to gain as investors took profits

The pound reversed a three-day slide against the aussie, posting gains of nearly a cent as investors took an opportunity to lock in profits.

  • During the morning session, the pound continued to push multi-year lows, hitting a price of 1.7333, as weak inflation data reinforced concerns over the strength of the UK economic recovery.

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The increase in retail sales spurred the New Zealand dollar

The increase in retail sales spurred the New Zealand dollar, but other currencies remained mostly motionless

In connection with national holidays in the United States and Canada yesterday for the currency market was relatively quiet.

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The kiwi continues to climb vs sterling following strong retail sales data in NZ

The pound edged lower against the kiwi dollar yesterday as investors continued to shift their funds into high-yielding currencies, with the pair closing at 2.1542.

  • Commodity and equity markets rallied higher yesterday, including a rise of nearly a percent in the Nikkei 225 and the Shanghai Composite, which maintained strong demand for the kiwi.

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The aussie continues to trade strongly, supported by risk appetite in the market

The aussie climbed a further two cents yesterday as figures revealed rising employment in Australia, and as rising risk appetite supported strong demand for high yielding currencies.

  • The Australian dollar continued to push higher as encouraging data from the labour market gave investors further cause to buy into Australian assets.

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Euro advanced against the greenback, buoyed by a relatively upbeat ECB rate statement

The single currency climbed to a two week high of 1.4815 yesterday as investors continued to sell the dollar to fund riskier trades.

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