International currency market is the largest and biggest financial market in the world but the flip side to the story is that it is also the most fluid market.
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Posts Tagged ‘Recession’
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Australian Dollar is riding on weak sentiments
Posted by Tushar Mathur on February 4th, 2010
The rippling affect of recession and economic slowdown in America has left the Australian dollar on a slippery surface. As of now the AUD (Australian dollar) in comparison to the US dollar, in terms of bidding and asking prices is 0.8800 to 0.8808.
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US Dollar is still a strong currency
Posted by Tushar Mathur on February 3rd, 2010
The year 2008 was bad, to put it mildly, in terms of recession and economic downturn/ slowdown in the United States of America.
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Pound Climbs on House Prices, Optimism
Posted by yehya on January 18th, 2010
The U.K. currency profited today from an increase in the nation’s house prices, fueling even further speculations that the recession might be ending in Britain, attracting investors to purchase
In a day of predominant risk appetite as commodities and equities advanced in the U.K., the pound profited from an optimistic scenario in the country as Rightmove Plc, a leading British real estate website, indicated that house prices increased last month, adding evidences for speculations that Bank of England’s current asset purchase program may expire next month and not be extended further, which would certainly allow the pound to climb in
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Pound May Climb On Asset Purchase Program Ending
Posted by yehya on January 18th, 2010
The U.K. currency may be experience a shift on its sentiment as speculations suggest that the current quantitative easing measures used by the nation’s central bank will be terminated, as the country starts to publish positive economic reports, suggesting that the recession may be ending in the British Isles.
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Payrolls Cause Dollar’s Weekly Decline
Posted by yehya on January 9th, 2010
The U.S. currency was performing quite well during most of this week’s session as optimism regarding the U.S.
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Unchanged Rates and Bond Purchases Maintain Pound Down
Posted by yehya on January 8th, 2010
The British currency continued to suffer from its central bank monetary policies as interest rates remained unchanged in the country, suggesting that the recession will remain a reality in England for an extended period.
A concerning budget deficit combined with weak economic data has been affecting the pound’s outlook as the Bank of England insists on its asset-purchase program which hasn’t been effective so far, as well as in all-time record low interest rates which decrease the appeal for the sterling in foreign-exchange markets.
GBP/USD bottomed at 1.5923 as of 22:21 GMT from a previous rate of 1.6036.
If you want to comment on the Great Britain pound’s recent action or have any questions regarding this currency, please, feel free to reply below.
Say “Goodbye!” Pre-crisis trend
Posted by maradona on October 30th, 2009
There is a pleasant myth of the business cycle. All of this – only the fluctuations around the underlying trend.
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.
GDP growth in the third quarter was the first in the current year and the most significant in the past two years.
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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.
Euro clawed back recent losses as investors moved into the “riskier” currency
Posted by Forex News Resource on October 30th, 2009
The dollar snapped four days of gains against the euro as the US economy returned to growth in the three months through September, officially exiting recession.
- The US government’s advance estimate showed gross domestic product grew at an annualised rate of 3.5% in the third quarter, the first rise since the second quarter of 2008, which beat expectations for a reading of 3.3%.
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.
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The index of national activity in the United States overcame the bar recession
Posted by maradona on October 27th, 2009
According to the report of the Federal Reserve Bank of Chicago, the indicator of economic activity in the U.S. rose in September and overcame a critical point, which indicates a recession.
Note that the index of national activity is calculated on the basis of 85 different economic indicators.
The average value of the index of activity for the three-month period from July to September rose to a negative value of -0.63 compared with -0.96 in the previous period, from June to August.
Note that the index of national activity is calculated on the basis of 85 different economic indicators.
The average value of the index of activity for the three-month period from July to September rose to a negative value of -0.63 compared with -0.96 in the previous period, from June to August.
Aussie made significant gains at the end of last week and is continuing to advance this morning
Posted by Forex News Resource on October 26th, 2009
In trading on Friday, the pound slipped back from two-week highs around the 1.8000 level against the aussie as a weak GDP figure dulled demand for the UK currency.
- A report showed that the UK failed to exit the recession in the third quarter of this year, giving the central bank more reason to keep enacting emergency measures to spur growth.
Sterling fell back significantly against the dollar on Friday, as GDP figure disappoints the market
Posted by Forex News Resource on October 26th, 2009
Sterling lost three cents (1.9%) to the dollar, as a weak UK quarterly GDP figure abruptly halted the pound’s recent rally.
- The greenback gained the most daily value against the pound in a month as the UK’s economy unexpectedly contracted in the third quarter, giving the Bank of England more reason to expand emergency measures to spur growth.
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