Rumor: Spain will ask for 280 billion euros of aid
A rumor that Spain will ask for 280 billion euros of aid money in order to deal with its debt is running in the past few hours in trade rooms. …
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USD/CAD Parity Battle Continues on Slower Canadian Growth
Canadian monthly GDP rose by 0.3% in February, slower than expected. This sets the stage for a close above parity this week. Will the rate decision wait? The rise of …
Read More Are you a forex winner? Show it
Registration to FXStreet’s Forex Trader of the Year contest ends at the end of Sunday, May 2nd. This contest is an excellent opportunity to show your skills, see what others …
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Dollar Bulls Raging – Will the trend continue?
The US dollar is on the move – fresh American data and fresh European worries send EUR/USD to new lows.Also other currencies are surrendering to the dollar – the US …
Read More Rate Statement Wording, Canadian Strength and Potential Breakouts –
In the weekly interview with Julia Sinha on Forex TV, I spoke about the strength of the Canadian dollar, the careful wording of this week’s many rate decisions and some …
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Britain Hardly Grows – Support Line at Risk
British GDP rose by 0.2% in the first quarter of 2010, half the early expectations. GBP/USD reacts with a drop around the support line. Economists expected a rise of 0.4% …
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EUR/USD Recovers on Ifo Business Climate – Will it hold?
German Ifo Business Climate came out better than expected, rising above 100 for the first time since May 2008, and helps the Euro temporarily recover from the Greek tragedies. Similar …
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Excellent Employment Figures – Not Necessarily Pound Friendly
For a second month in a row, British employment figures were superb – Claimant Count Charge showed that 32,900 got back to work, and also last month’s figure was upgraded. …
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Canadian Dollar Jumps – Road to Rate Hike Open
The Bank of Canada didn’t move the rates, but removed the comment regarding no rate hike till the end of Q2. A rate hike in the next meeting looks very …
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GBP/USD Closes Gap and Pushes Higher On Inflation
British CPI came out higher than expected, with consumer prices rising by an annual rate of 3.4%. This fueled GBP/USD – it closed the weekend gap and broke above a …
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