Posts Tagged ‘Gdp’

The kiwi retreated at the end of last week on a rise in risk aversion

Posted by Forex News Resource on November 2nd, 2009

The kiwi dollar struggled on Friday enabling the pound to jump 1.4%, briefly nearing the 2.30 level, as risk appetite in the market waned.

  • Higher-risk currencies struggled to make headway at the end of last week as the rally in global equities in the wake of the positive US GDP data came to an abrupt halt.

Click to continue reading “The kiwi retreated at the end of last week on a rise in risk aversion”

Posted in Other Forex Comments Off

Having weakened off sharply on Friday, the aussie is trading strongly against the pound this morning

Posted by Forex News Resource on November 2nd, 2009

The pound climbed just over two cents against a broadly weakened aussie dollar on Friday with a rise in risk aversion putting selling pressure on the higher-yielding currency.

Click to continue reading “Having weakened off sharply on Friday, the aussie is trading strongly against the pound this morning”

Posted in Other Forex Comments Off

The euro lost ground to the dollar on Friday as the rally in equities came to a halt

Posted by Forex News Resource on November 2nd, 2009

The dollar strengthened, consolidating after broad selling on the back of data showing strong US growth, gaining over a cent on the single currency.

  • Equities took a sharp downturn at the end of last week, having rallied after the positive US GDP data, most likely as a result of end of month profit taking, which buoyed demand for the greenback.

Click to continue reading “The euro lost ground to the dollar on Friday as the rally in equities came to a halt”

Posted in Other Forex Comments Off

U.S. GDP grew by 3.5% in third quarter

Posted by maradona on October 30th, 2009
Growth of the U.S. economy in the third quarter amounted to 3,5%. Volume incentive program of the U.S. government allowed the country’s economy out of the very long and deep recession, with 30 years of the last century.
GDP growth in the third quarter was the first in the current year and the most significant in the past two years.

Click to continue reading “U.S. GDP grew by 3.5% in third quarter”

Posted in News Comments Off

Kiwi strenghtened broadly yesterday, but the pound has stemmed its losses in trading this morning

Posted by Forex News Resource on October 30th, 2009

Better-than-expected GDP figures in the US caused risk appetite to surge across the board enabling the kiwi to post gains of over a cent against the pound.

  • The solid GDP figure in the US renewed optimism about recovery in the global economy, prompting investors to buy higher-yielding currencies.

Click to continue reading “Kiwi strenghtened broadly yesterday, but the pound has stemmed its losses in trading this morning”

Posted in Other Forex Comments Off

With the US exiting recession, investors moved into higher-yielding assets bossting the aussie

Posted by Forex News Resource on October 30th, 2009

The aussie dollar reversed recent losses yesterday after positive US GDP data encouraged investors to buy-back into perceived riskier currencies.

  • The aussie pulled back nearly two cents, or 1.0%, bringing the sterling/aussie pair back down to trade around 1.80 as the data spurred demand for risk.

Click to continue reading “With the US exiting recession, investors moved into higher-yielding assets bossting the aussie”

Posted in Other Forex Comments Off

Positive GDP figures in the US drove dollar selling yesterday enabling the pound to gain

Posted by Forex News Resource on October 30th, 2009

Sterling extended its rally, briefly climbing above $1.66 as the dollar sold off broadly after strong economic growth data spurred demand for riskier assets.

Click to continue reading “Positive GDP figures in the US drove dollar selling yesterday enabling the pound to gain”

Posted in Other Forex Comments Off

Pound extended gains against the euro, buoyed by positive economic data

Posted by Forex News Resource on October 30th, 2009

The pound continued to rally yesterday and is now poised to snap a three-month decline versus the euro, as the UK showed positive economic signals.

  • Data from the Bank of England revealed that UK net consumer lending rose less than expected in September but the number of loans approved for house purchases did hit its highest level in 18- months.

Click to continue reading “Pound extended gains against the euro, buoyed by positive economic data”

Posted in Other Forex Comments Off

Aussie was broadly sold yesterday as investors withdrew riskier positions

Posted by Forex News Resource on October 29th, 2009

The pound advanced by 2.3% against the aussie as risk appetite stumbled in the wake of weak US economic data and a steep slide in global equities.

  • In the early session, Australian inflation data was revealed to be slightly below expectations, leading investors to pare bets that the Reserve Bank of Australia will decide on a hefty interest-rate hike next week.

Click to continue reading “Aussie was broadly sold yesterday as investors withdrew riskier positions”

Posted in Other Forex Comments Off

Weak US data enabled the US dollar to continue clawing back losses against the euro

Posted by Forex News Resource on October 29th, 2009

The single currency slipped further away from recent 14-month highs against the dollar yesterday, losing nearly a cent to close down at 1.4707.

  • The US dollar rose, stretching a rally against the euro to a fourth day, supported by weak U.S.

Click to continue reading “Weak US data enabled the US dollar to continue clawing back losses against the euro”

Posted in Other Forex Comments Off

Sterling edged up against the dollar and is currently consolidating over 1.64 ahead of US GDP data

Posted by Forex News Resource on October 29th, 2009

Sterling closed marginally up against the US currency yesterday, although the price was pulled back significantly following weak US housing data.

  • In early trading, the pound lost ground to the dollar as falls in equity prices encouraged investors to trim their exposure to perceived higher risk currencies.
  • UK stocks slid to a three-week low, helping to push the price down to 1.63, well under a level just below 1.67 reached only a week ago.
  • The pound was then able to make slight gains in the afternoon after positive durable goods data weakened dollar demand, but the pair found resistance at 1.64.
  • This data was then offset in the afternoon after it was revealed that sales of new homes in the US declined in September, against analyst expectations of a slight increase, which supported an upside movement
  • In trading today, markets will take direction from the US third-quarter GDP figure at 09:30, which is predicted to show a growth rate of 3.3%. Should it undershoot this forecast, investors are likely to move back into the dollar.
Posted in Other Forex Comments Off

The pound continues its rally against a broadly weaker aussie

Posted by Forex News Resource on October 28th, 2009

Sterling edged up against the aussie yesterday, benefiting from improved UK sales data, which supported claims that the UK economy is recovering.

  • On Monday evening, MPC member Adam Posen, following negative GDP data, stated that there were still signs of an economic recovery even if Britain is behind other countries in pulling out of the recession.

Click to continue reading “The pound continues its rally against a broadly weaker aussie”

Posted in Other Forex Comments Off

Sterling made gains against the aussie as the price of gold fell back

Posted by Forex News Resource on October 27th, 2009

The pound posted gains against the aussie yesterday, reversing its steep fall at the end of last week as investors cashed profits, closing up 0.8% at 1.7822.

Click to continue reading “Sterling made gains against the aussie as the price of gold fell back”

Posted in Other Forex Comments Off

The pound rebounded strongly vs the euro yesterday with analysts suspecting that sterling could be oversold

Posted by Forex News Resource on October 27th, 2009

After an unsteady early session, the pound rebounded strongly from Friday’s sell off, to close 1.1% up.

  • The pound recovered steadily through the day after data revealed that the German Gfk consumer sentiment indicator dropped to 4.0 from 4.2 in October, weaker than the median forecast of 4.5, dulling demand for the single currency.
  • In addition UK business confidence rose to the highest in 18 months, according to a third-quarter survey, with 19% of executives polled saying the outlook for business is “good” or “very good,” up from 9% in the previous quarter, which stoked demand for the pound.
  • Analysts hypothesised that the pound may be considerably oversold at its current value, which does present a good opportunity for British businesses.
  • Analysts also noted two opposing arguments developing: the first is a widely held view that based on better PMI survey data there is a good chance that GDP data for Q3 will be revised up.

Click to continue reading “The pound rebounded strongly vs the euro yesterday with analysts suspecting that sterling could be oversold”

Posted in Other Forex Comments Off

BNY Mellon: the British pound could stabilize near current levels

Posted by maradona on October 26th, 2009
Recently, analysts Bank of New York Mellon quite confidently declared that the bearish mood of the British pound. But now the bank waiting for stabilization of the currency of Great Britain near current levels.

Click to continue reading “BNY Mellon: the British pound could stabilize near current levels”

Posted in News Comments Off
« Older Entries

Sponsors:




RSS FeedSubscribe to our RSS feed!