الرئيسية
US Dollar Sees a Bounce but Fundamental Support is Lacking
Euro Stages Major Turnaround – is this the Reversal?
Japanese Yen Weakness Could Be Short-Lived, Consolidation Ahead
British Pound: Risk Trends May Undermine Gains from Hawkish BOE
Canadian Dollar Vulnerable as Markets Digest US Jobs Report
Australian Dollar Rally May Gather Pace As Growth Prospects Improve
New Zealand Dollar Outlook Points to Additional Losses
Gold Poised to Decline as the Recovery Curbs the Yellow Metal’s Demand
DailyFX
Sat, 05 Feb 2011 07:10:00 +0000
The
dollar has come a long way in just a week’s time. Through the second
half of this past week, the dollar was starting to find its footing in
what looks to be a tentative recovery. Yet, doubt over whether this is a
true, bullish reversal should be preserved considering we had similar
speculative hopes dashed just a week before when a sharp rally for the
dollar and the long-awaited channel break from the S&P 500 were
subsequently reversed after the weekend. What led the greenback to gain
ground this past week is what we need to establish. The deeper the
fundamental roots to this effort, the more probable carry through will
be on a true bull phase. That said, without a solid foundation, the
benchmark currency could be up for another swift tumble.
DailyFX
Sat, 05 Feb 2011 06:42:00 +0000
Canadian Dollar Vulnerable as Markets Digest US Jobs Report
DailyFX >>
Sat, 05 Feb 2011 06:42:00 +0000
While
the dollar can find a temporary, favorable wind through many different
fundamental and speculative sources; a serious and lasting advance from
the greenback can only truly be generated via a few catalysts. What
makes the dollar’s medium-term outlook seem particularly dubious is that
those encouraging factors are either far off into the distance or
contradict the current trends in the broader market.
DailyFX
Sat, 05 Feb 2011 05:58:00 +0000
Rewind
the clock back; and the dollar seems to be in exactly the opposite
position it was a month ago. Back then, the greenback was just starting
to retrace from near-four month highs even though fundamentals scarcely
supported the shift. And, now as we head into a new trading week, the
currency is just starting to recover from a month-long tumble – again,
without solid support from the speculative backdrop.
DailyFX
Sat, 05 Feb 2011 04:40:00 +0000
British Pound: Risk Trends May Undermine Gains from Hawkish BOE
DailyFX
Sat, 05 Feb 2011 03:44:00 +0000
Technical Setups Point to Possibility for a Siginificatn Dollar Reversal
DailyFX
Sat, 05 Feb 2011 03:32:00 +0000
Scheduled
event risk will taper off next week. Yet, this may actually encourage
rather than curb EURUSD's reversal. We talk fundamental and technical
catalysts.
DailyFX
Fri, 04 Feb 2011 23:59:00 +0000
The
Euro’s intraweek reversal against the US dollar and sharp decline
against commodity currencies are the big stories this week. So where to
from here? We’ve got ideas.
DailyFX
Fri, 04 Feb 2011 23:35:00 +0000
Euro Stages Major Turnaround – is this the Reversal?
Japanese Yen Weakness Could Be Short-Lived, Consolidation Ahead
Australian Dollar Rally May Gather Pace As Growth Prospects Improve
New Zealand Dollar Outlook Points to Additional Losses
Gold Poised to Decline as the Recovery Curbs the Yellow Metal’s Demand
DailyFX
Fri, 04 Feb 2011 23:30:00 +0000
Euro Stages Major Turnaround – is this the Reversal?
DailyFX
Fri, 04 Feb 2011 23:29:00 +0000
The
sharp Euro decline this week reinforces my long term bearish outlook on
the currency. On the other hand, the Yen picture remains mixed.
DailyFX
Fri, 04 Feb 2011 22:30:00 +0000
The
current EURUSD pattern is similar to one from several years ago and an
'in house' indicator suggests that this reversal is significant. The
relationship between the Yen and the US bond sheds light on which way
the Yen might break.
DailyFX
Fri, 04 Feb 2011 22:20:00 +0000
New Zealand Dollar Outlook Points to Additional Losses
DailyFX
Fri, 04 Feb 2011 22:17:00 +0000
Australian Dollar Rally May Gather Pace As Growth Prospects Improve
DailyFX >>
Fri, 04 Feb 2011 22:16:00 +0000
Gold Poised to Decline as Recovery Curbs The Yellow Metal’s Demand
DailyFX >>
Fri, 04 Feb 2011 22:14:00 +0000
Japanese Yen Weakness Could Be Short-Lived, Consolidation Ahead
DailyFX
Fri, 04 Feb 2011 21:47:00 +0000
The
CHF/JPY pair has been trading to the downside for more than the past
week, after gaining in late December following sideways movement for the
middle part of the month.
DailyFX
Fri, 04 Feb 2011 21:34:00 +0000
While
the EUR/GBP found itself gaining downside momentum following commentary
by the European Central Bank that interest rates are likely to remain
low for the time being on muted inflation concerns, the ascending
channel for the pair has been marked by pivots forming on significant
event risk.
DailyFX
Fri, 04 Feb 2011 20:57:00 +0000
As
market participants expect retail sales in Australia to increase for
the second consecutive month in December, the rise in private
consumption could lead the near-term rally in the AUD/USD to gather pace
as growth prospects improve.
DailyFX
Fri, 04 Feb 2011 19:28:07 +0000
FOREX Update: Nonfarm Jobs Report adds 36K, unemployment rate falls. US Dollar trades higher
CountingPips - Feb 4, 2011
By
CountingPips.com The US dollar has been on the rise in forex trading
action despite the worse than expected monthly government jobs report
released today. The American currency has been gaining ...
Google Forex news >>
Fri, 04 Feb 2011 16:30:00 +0000
AUDJPY to Continue Its Northern Journey as the Pair Remains Bounded By Its Ascending Channel
DailyFX
Fri, 04 Feb 2011 15:56:00 +0000
Jamie's Pick: 02/04/11
DailyFX
Fri, 04 Feb 2011 15:52:00 +0000
The
EURUSD has broken 13570, which confirms the intraweek reversal. The
13456-13538 area is possible support (20 day average in the zone as well
at 13500).
DailyFX
Fri, 04 Feb 2011 15:51:00 +0000
Japanese Yen Spikes into Trendline
DailyFX
Fri, 04 Feb 2011 15:25:47 +0000
Treasuries Fall, Dollar Gains, Stocks Fluctuate After Jobs Data
San Francisco Chronicle - Feb 4, 2011
Feb.
4 (Bloomberg) -- Treasuries fell for a fifth day, the dollar gained
versus the euro and US stocks fluctuated as investors dissected data
showing the American unemployment rate unexpectedly ...
Google Forex news
Fri, 04 Feb 2011 13:53:30 +0000
FX OUTLOOK - Dollar up as unemployment falls
Reuters - Feb 4, 2011
By
Wanfeng Zhou NEW YORK (Reuters) - The dollar rose against the euro on
Friday and could extend its rebound next week, buoyed by higher Treasury
yields after a sharp drop in the US jobless rate ...
FOREX-Dollar up as US unemployment falls, more gains seen - Forexyard
FX OUTLOOK-Dollar up as US unemployment falls, more gains seen - Forex Pros
National Post
- Business Spectator
Google Forex news
Fri, 04 Feb 2011 12:31:40 +0000
Key US Dollar Libor Up; Sterling, Euro Rates Also Rise
Wall Street Journal - Feb 4, 2011
LONDON
(Dow Jones)--The cost of borrowing dollars, sterling, and euros for
three months in the London interbank market all rose Friday. Data from
the British Bankers' Association showed the three ...
Google Forex news
Fri, 04 Feb 2011 12:12:52 +0000
CANADA FX DEBT-C$ hits nearly 2-1/2 year high on jobs data
Reuters - Feb 4, 2011
By
John McCrank TORONTO, Feb 4 (Reuters) - The Canadian dollar powered to
its highest level against the US dollar since May 2008 on Friday after
data showed that Canada produced far more jobs than ...
Canada Dollar Pares Some Gains, After Touching 32-Month High - Wall Street Journal
Canada Dollar Reaches Highest Since May 2008 on Economic Growth - BusinessWeek
Zawya
- Reuters Canada
- Business News Network
Google Forex news
Fri, 04 Feb 2011 09:46:49 +0000
RBI reference rates for US dollar, euro
The Hindu - Feb 4, 2011
PTI
The Reserve Bank of India (RBI) on Friday fixed the reference rate for
the US dollar at Rs. 45.64 per dollar and the euro at Rs. 62.24 per
euro, as against Rs. 45.63 per dollar and Rs. 62.96 ...
Google Forex news
Fri, 04 Feb 2011 04:29:35 +0000
Dollar up on jobs data
Reuters - Feb 4, 2011
By
Walter Brandimarte NEW YORK (Reuters) - The US dollar rose and Treasury
yields broke above key levels on Friday as investors remained confident
in the US economic recovery despite conflicting ...
Google Forex news
Fri, 04 Feb 2011 00:00:00 +0000
Market Overview
The
dollar edged down against the yen in Asia Friday as Japanese exporters
sold the U.S. currency for regular settlements, and as some short-term
investors trimmed bets on the unit ahead of a key monthly U.S. jobs
report.
Comments from
Minneapolis Federal Reserve President Narayana Kocherlakota, reported in
morning trade in Tokyo, added to the view that the central bank won't
tighten monetary policy anytime soon.
At
0450 GMT, the dollar was down at JPY81.58 from JPY81.62 late Thursday
in New York. The ICE Dollar Index, which tracks the greenback against a
trade-weighted basket of currencies including the yen, was at 77.763
from 77.772.
The
Australian dollar, meanwhile, rose to one-month highs against the
dollar and the yen after the Reserve Bank of Australia signaled that
catastrophic floods in December and January hadn't damped its otherwise
buoyant outlook for the commodity-rich Australian economy.
The
central bank's statement sent the Australian currency to USD1.0196, its
highest since Jan. 3. Against the yen, it rose to JPY83.19, its highest
since Jan. 6. At 0450 GMT, it was at USD1.0184 from USD1.0146 late
Thursday in New York, and at JPY83.09 from JPY82.83.
Elsewhere,
the euro was at USD1.3632 at 0450 GMT from USD1.3633 late Thursday in
New York. Against the yen, the common currency was at JPY111.22 from
JPY111.28.
The Pound
is also lower this morning on broad USD strength, but its drop has been
far more moderate than that of its mainland European counterpart. Strong
economic data out of the UK has provided support for the GBP with PMI
Services beating expectations of 51.3, registering an impressive 54.5.
With all three components of PMI (manufacturing, construction, and
services) showing strong signs of expansion, investors have begun to
give credence to the growing faction of BoE members calling for a hike
in interest rates.
Market expectation
If
the non-farm payrolls data for January due at 1330 GMT come in weaker
than expected as the December report did last month the greenback could
fall below the JPY81 mark, analysts and dealers said.
Dealers
said attention is now squarely on the U.S. payrolls. Any
worse-than-expected result will likely exert a bigger impact than if the
reading exceeds expectations, they said. The forecast for the report to
show 136,000 jobs added in January, up from 103,000 added in December.
The
USDCHF has breached its technical resistance at 0.9486 exposing upside
potential to the 20-day moving average of 0.9551, according to technical
analysts. The pair has reversed just ahead of the low 0.9300 area, and
this is encouraging. It has eroded the 0.9486 resistance and look for
gains to 0.9551, and then the 55-day moving average at 0.9651, analysts
note.
European stocks
are expected to open higher Friday, after a firm close on Wall Street,
with sentiment positive ahead of the U.S. employment report.
Dukascopy Daily Overview
Thu, 03 Feb 2011 22:13:10 +0000
Business Breaking News
The Australian Business - Feb 3, 2011
OIL
prices fell today as the US dollar rallied, even as traders remain
focused on escalating violence in Egypt and the prospect of supply
disruptions. Light, sweet crude for March delivery settled ...
Australian Financial Markets - The Australian
Google Forex news
Thu, 03 Feb 2011 18:55:25 +0000
Saputo Inc.: Financial Results Fiscal 2011 Third Quarter, Ended December 31, 2010
istockAnalyst.com - Feb 3, 2011
(Source:
MARKETWIRE) Saputo Inc. (TSX: SAP) - We are presenting the results for
the third quarter of fiscal 2011, which ended on December 31, 2010. --
Net earnings for the quarter totalled $111.8 ...
Google Forex news >>
Thu, 03 Feb 2011 15:43:19 +0000
Cash currency rates set
NRCU - Ukrainian Radio - Feb 3, 2011
The
average rate of purchase of the cash US dollar at Ukrainian banks,
comparing to Wednesday rose by 0.11 kopeks to 7.9533 UAH on Thursday.
Selling rate of the US currency fell by 0.08 kopeks to ...
Google Forex news
Thu, 03 Feb 2011 15:03:37 +0000
The
Nation's international trade deficit in goods and services decreased to
$38.3 billion in November from $38.4 billion (revised) in October, as
exports increased more than imports. November 2010: -38.3 $ billion
October 2010: -38.4 $ billion
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
After-tax
profits for retail corporations with assets greater than $50 million
averaged 2.5 cents per dollar of sales for the third quarter 2010 (the 3
months ending Oct. 31, 2010), down 0.5 (+/- 0.1) cents from the
after-tax profits average of 3.0 cents for the second quarter 2010 (the 3
months ending Jul. 31, 2010). 3rd Qtr. 2010: -0.5 cents 2nd Qtr. 2010:
+0.1 cents
U.S. Census Bureau >>
Thu, 03 Feb 2011 15:03:37 +0000
November
2010 sales of merchant wholesalers were $370.1 billion, up 1.9 percent
(+/-0.4%) from last month. End-of-month inventories were $425.5 billion,
down 0.2 percent (+/-0.4%) from last month. November 2010: -0.2 %
change in Inv October 2010: 1.7 % change in Inv
U.S. Census Bureau >>
Thu, 03 Feb 2011 15:03:37 +0000
Sales
of new one-family houses in December 2010 were at a seasonally adjusted
annual rate of 329,000. This is 17.5 percent above the revised November
2010 estimate of 280,000. December 2010: +17.5 % change November 2010:
0.0 % change
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
Privately-owned
housing starts in December 2010 were at a seasonally adjusted annual
rate of 529,000. This is 4.3 percent below the revised November 2010
estimate of 553,000. December 2010: -4.3 % change November 2010: +3.8 %
change
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
U.S.
retail and food service sales for December reached $380.9 billion, an
increase of 0.6 percent (+/- 0.5%) from the previous month. December
2010: 0.6 % change November 2010: 0.8 % change
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
U.S.
total business sales for November 2010 were $1,133.1 billion, up 1.2%
(+/-0.1%) from last month. Month end inventories were $1,421.6 billion,
up 0.2% (+/-0.1%) from last month. November 2010: 1.2 % Change in sales
October 2010: 1.4 % Change in sales
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
U.S.
Information sector revenue for the thrid quarter of 2010, adjusted for
seasonal variation but not for price changes, was $293.7 billion, a
increase of 0.9 percent (+/- 0.8) from the second quarter of 2010. 3rd
Qtr 2010: 0.9 % change 2nd Qtr 2010: 0.8 % change
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
New
orders for manufactured goods in December increased $0.7 billion or 0.2
percent to $426.8 billion. December 2010: 0.2 % change November 2010:
1.3 % change
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
Total
construction activity for December 2010 ($787.9 billion) was 2.5
percent below the revised November 2010 ($807.8 billion). Please see our
web site for further details:
http://www.census.gov/constructionspending December 2010: -2.5 % change
November 2010: -0.2 % change
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
Homeownership Rate (HR)
The
homeownership rate in the fourth quarter 2010 (66.5 percent) was lower
than the fourth quarter 2009 rate (67.2 percent). In the Midwest, South,
and West, the homeownership rates were lower than a year ago, while the
Northeast showed no significant change from the corresponding fourth
quarter 2009 rate.
Rental Vacancy Rate (RVR)
The rental vacancy rate in fourth quarter 2010 (9.4 percent) was lower than the fourth quarter 2009 rate (10.7 percent).
Homeowner Vacancy Rate (HVR)
The
homeowner vacancy rate in fourth quarter 2010 was not statistically
different from the fourth quarter 2009 rate (2.7 percent each).
4th Qtr 2010(HR): 66.5 percent 4th Qtr 2009(HR): 67.2 percent
U.S. Census Bureau
Euro Stages Major Turnaround – is this the Reversal?
Japanese Yen Weakness Could Be Short-Lived, Consolidation Ahead
British Pound: Risk Trends May Undermine Gains from Hawkish BOE
Canadian Dollar Vulnerable as Markets Digest US Jobs Report
Australian Dollar Rally May Gather Pace As Growth Prospects Improve
New Zealand Dollar Outlook Points to Additional Losses
Gold Poised to Decline as the Recovery Curbs the Yellow Metal’s Demand
DailyFX
Sat, 05 Feb 2011 07:10:00 +0000
The
dollar has come a long way in just a week’s time. Through the second
half of this past week, the dollar was starting to find its footing in
what looks to be a tentative recovery. Yet, doubt over whether this is a
true, bullish reversal should be preserved considering we had similar
speculative hopes dashed just a week before when a sharp rally for the
dollar and the long-awaited channel break from the S&P 500 were
subsequently reversed after the weekend. What led the greenback to gain
ground this past week is what we need to establish. The deeper the
fundamental roots to this effort, the more probable carry through will
be on a true bull phase. That said, without a solid foundation, the
benchmark currency could be up for another swift tumble.
DailyFX
Sat, 05 Feb 2011 06:42:00 +0000
Canadian Dollar Vulnerable as Markets Digest US Jobs Report
DailyFX >>
Sat, 05 Feb 2011 06:42:00 +0000
While
the dollar can find a temporary, favorable wind through many different
fundamental and speculative sources; a serious and lasting advance from
the greenback can only truly be generated via a few catalysts. What
makes the dollar’s medium-term outlook seem particularly dubious is that
those encouraging factors are either far off into the distance or
contradict the current trends in the broader market.
DailyFX
Sat, 05 Feb 2011 05:58:00 +0000
Rewind
the clock back; and the dollar seems to be in exactly the opposite
position it was a month ago. Back then, the greenback was just starting
to retrace from near-four month highs even though fundamentals scarcely
supported the shift. And, now as we head into a new trading week, the
currency is just starting to recover from a month-long tumble – again,
without solid support from the speculative backdrop.
DailyFX
Sat, 05 Feb 2011 04:40:00 +0000
British Pound: Risk Trends May Undermine Gains from Hawkish BOE
DailyFX
Sat, 05 Feb 2011 03:44:00 +0000
Technical Setups Point to Possibility for a Siginificatn Dollar Reversal
DailyFX
Sat, 05 Feb 2011 03:32:00 +0000
Scheduled
event risk will taper off next week. Yet, this may actually encourage
rather than curb EURUSD's reversal. We talk fundamental and technical
catalysts.
DailyFX
Fri, 04 Feb 2011 23:59:00 +0000
The
Euro’s intraweek reversal against the US dollar and sharp decline
against commodity currencies are the big stories this week. So where to
from here? We’ve got ideas.
DailyFX
Fri, 04 Feb 2011 23:35:00 +0000
Euro Stages Major Turnaround – is this the Reversal?
Japanese Yen Weakness Could Be Short-Lived, Consolidation Ahead
Australian Dollar Rally May Gather Pace As Growth Prospects Improve
New Zealand Dollar Outlook Points to Additional Losses
Gold Poised to Decline as the Recovery Curbs the Yellow Metal’s Demand
DailyFX
Fri, 04 Feb 2011 23:30:00 +0000
Euro Stages Major Turnaround – is this the Reversal?
DailyFX
Fri, 04 Feb 2011 23:29:00 +0000
The
sharp Euro decline this week reinforces my long term bearish outlook on
the currency. On the other hand, the Yen picture remains mixed.
DailyFX
Fri, 04 Feb 2011 22:30:00 +0000
The
current EURUSD pattern is similar to one from several years ago and an
'in house' indicator suggests that this reversal is significant. The
relationship between the Yen and the US bond sheds light on which way
the Yen might break.
DailyFX
Fri, 04 Feb 2011 22:20:00 +0000
New Zealand Dollar Outlook Points to Additional Losses
DailyFX
Fri, 04 Feb 2011 22:17:00 +0000
Australian Dollar Rally May Gather Pace As Growth Prospects Improve
DailyFX >>
Fri, 04 Feb 2011 22:16:00 +0000
Gold Poised to Decline as Recovery Curbs The Yellow Metal’s Demand
DailyFX >>
Fri, 04 Feb 2011 22:14:00 +0000
Japanese Yen Weakness Could Be Short-Lived, Consolidation Ahead
DailyFX
Fri, 04 Feb 2011 21:47:00 +0000
The
CHF/JPY pair has been trading to the downside for more than the past
week, after gaining in late December following sideways movement for the
middle part of the month.
DailyFX
Fri, 04 Feb 2011 21:34:00 +0000
While
the EUR/GBP found itself gaining downside momentum following commentary
by the European Central Bank that interest rates are likely to remain
low for the time being on muted inflation concerns, the ascending
channel for the pair has been marked by pivots forming on significant
event risk.
DailyFX
Fri, 04 Feb 2011 20:57:00 +0000
As
market participants expect retail sales in Australia to increase for
the second consecutive month in December, the rise in private
consumption could lead the near-term rally in the AUD/USD to gather pace
as growth prospects improve.
DailyFX
Fri, 04 Feb 2011 19:28:07 +0000
FOREX Update: Nonfarm Jobs Report adds 36K, unemployment rate falls. US Dollar trades higher
CountingPips - Feb 4, 2011
By
CountingPips.com The US dollar has been on the rise in forex trading
action despite the worse than expected monthly government jobs report
released today. The American currency has been gaining ...
Google Forex news >>
Fri, 04 Feb 2011 16:30:00 +0000
AUDJPY to Continue Its Northern Journey as the Pair Remains Bounded By Its Ascending Channel
DailyFX
Fri, 04 Feb 2011 15:56:00 +0000
Jamie's Pick: 02/04/11
DailyFX
Fri, 04 Feb 2011 15:52:00 +0000
The
EURUSD has broken 13570, which confirms the intraweek reversal. The
13456-13538 area is possible support (20 day average in the zone as well
at 13500).
DailyFX
Fri, 04 Feb 2011 15:51:00 +0000
Japanese Yen Spikes into Trendline
DailyFX
Fri, 04 Feb 2011 15:25:47 +0000
Treasuries Fall, Dollar Gains, Stocks Fluctuate After Jobs Data
San Francisco Chronicle - Feb 4, 2011
Feb.
4 (Bloomberg) -- Treasuries fell for a fifth day, the dollar gained
versus the euro and US stocks fluctuated as investors dissected data
showing the American unemployment rate unexpectedly ...
Google Forex news
Fri, 04 Feb 2011 13:53:30 +0000
FX OUTLOOK - Dollar up as unemployment falls
Reuters - Feb 4, 2011
By
Wanfeng Zhou NEW YORK (Reuters) - The dollar rose against the euro on
Friday and could extend its rebound next week, buoyed by higher Treasury
yields after a sharp drop in the US jobless rate ...
FOREX-Dollar up as US unemployment falls, more gains seen - Forexyard
FX OUTLOOK-Dollar up as US unemployment falls, more gains seen - Forex Pros
National Post
- Business Spectator
Google Forex news
Fri, 04 Feb 2011 12:31:40 +0000
Key US Dollar Libor Up; Sterling, Euro Rates Also Rise
Wall Street Journal - Feb 4, 2011
LONDON
(Dow Jones)--The cost of borrowing dollars, sterling, and euros for
three months in the London interbank market all rose Friday. Data from
the British Bankers' Association showed the three ...
Google Forex news
Fri, 04 Feb 2011 12:12:52 +0000
CANADA FX DEBT-C$ hits nearly 2-1/2 year high on jobs data
Reuters - Feb 4, 2011
By
John McCrank TORONTO, Feb 4 (Reuters) - The Canadian dollar powered to
its highest level against the US dollar since May 2008 on Friday after
data showed that Canada produced far more jobs than ...
Canada Dollar Pares Some Gains, After Touching 32-Month High - Wall Street Journal
Canada Dollar Reaches Highest Since May 2008 on Economic Growth - BusinessWeek
Zawya
- Reuters Canada
- Business News Network
Google Forex news
Fri, 04 Feb 2011 09:46:49 +0000
RBI reference rates for US dollar, euro
The Hindu - Feb 4, 2011
PTI
The Reserve Bank of India (RBI) on Friday fixed the reference rate for
the US dollar at Rs. 45.64 per dollar and the euro at Rs. 62.24 per
euro, as against Rs. 45.63 per dollar and Rs. 62.96 ...
Google Forex news
Fri, 04 Feb 2011 04:29:35 +0000
Dollar up on jobs data
Reuters - Feb 4, 2011
By
Walter Brandimarte NEW YORK (Reuters) - The US dollar rose and Treasury
yields broke above key levels on Friday as investors remained confident
in the US economic recovery despite conflicting ...
Google Forex news
Fri, 04 Feb 2011 00:00:00 +0000
Market Overview
The
dollar edged down against the yen in Asia Friday as Japanese exporters
sold the U.S. currency for regular settlements, and as some short-term
investors trimmed bets on the unit ahead of a key monthly U.S. jobs
report.
Comments from
Minneapolis Federal Reserve President Narayana Kocherlakota, reported in
morning trade in Tokyo, added to the view that the central bank won't
tighten monetary policy anytime soon.
At
0450 GMT, the dollar was down at JPY81.58 from JPY81.62 late Thursday
in New York. The ICE Dollar Index, which tracks the greenback against a
trade-weighted basket of currencies including the yen, was at 77.763
from 77.772.
The
Australian dollar, meanwhile, rose to one-month highs against the
dollar and the yen after the Reserve Bank of Australia signaled that
catastrophic floods in December and January hadn't damped its otherwise
buoyant outlook for the commodity-rich Australian economy.
The
central bank's statement sent the Australian currency to USD1.0196, its
highest since Jan. 3. Against the yen, it rose to JPY83.19, its highest
since Jan. 6. At 0450 GMT, it was at USD1.0184 from USD1.0146 late
Thursday in New York, and at JPY83.09 from JPY82.83.
Elsewhere,
the euro was at USD1.3632 at 0450 GMT from USD1.3633 late Thursday in
New York. Against the yen, the common currency was at JPY111.22 from
JPY111.28.
The Pound
is also lower this morning on broad USD strength, but its drop has been
far more moderate than that of its mainland European counterpart. Strong
economic data out of the UK has provided support for the GBP with PMI
Services beating expectations of 51.3, registering an impressive 54.5.
With all three components of PMI (manufacturing, construction, and
services) showing strong signs of expansion, investors have begun to
give credence to the growing faction of BoE members calling for a hike
in interest rates.
Market expectation
If
the non-farm payrolls data for January due at 1330 GMT come in weaker
than expected as the December report did last month the greenback could
fall below the JPY81 mark, analysts and dealers said.
Dealers
said attention is now squarely on the U.S. payrolls. Any
worse-than-expected result will likely exert a bigger impact than if the
reading exceeds expectations, they said. The forecast for the report to
show 136,000 jobs added in January, up from 103,000 added in December.
The
USDCHF has breached its technical resistance at 0.9486 exposing upside
potential to the 20-day moving average of 0.9551, according to technical
analysts. The pair has reversed just ahead of the low 0.9300 area, and
this is encouraging. It has eroded the 0.9486 resistance and look for
gains to 0.9551, and then the 55-day moving average at 0.9651, analysts
note.
European stocks
are expected to open higher Friday, after a firm close on Wall Street,
with sentiment positive ahead of the U.S. employment report.
Dukascopy Daily Overview
Thu, 03 Feb 2011 22:13:10 +0000
Business Breaking News
The Australian Business - Feb 3, 2011
OIL
prices fell today as the US dollar rallied, even as traders remain
focused on escalating violence in Egypt and the prospect of supply
disruptions. Light, sweet crude for March delivery settled ...
Australian Financial Markets - The Australian
Google Forex news
Thu, 03 Feb 2011 18:55:25 +0000
Saputo Inc.: Financial Results Fiscal 2011 Third Quarter, Ended December 31, 2010
istockAnalyst.com - Feb 3, 2011
(Source:
MARKETWIRE) Saputo Inc. (TSX: SAP) - We are presenting the results for
the third quarter of fiscal 2011, which ended on December 31, 2010. --
Net earnings for the quarter totalled $111.8 ...
Google Forex news >>
Thu, 03 Feb 2011 15:43:19 +0000
Cash currency rates set
NRCU - Ukrainian Radio - Feb 3, 2011
The
average rate of purchase of the cash US dollar at Ukrainian banks,
comparing to Wednesday rose by 0.11 kopeks to 7.9533 UAH on Thursday.
Selling rate of the US currency fell by 0.08 kopeks to ...
Google Forex news
Thu, 03 Feb 2011 15:03:37 +0000
The
Nation's international trade deficit in goods and services decreased to
$38.3 billion in November from $38.4 billion (revised) in October, as
exports increased more than imports. November 2010: -38.3 $ billion
October 2010: -38.4 $ billion
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
After-tax
profits for retail corporations with assets greater than $50 million
averaged 2.5 cents per dollar of sales for the third quarter 2010 (the 3
months ending Oct. 31, 2010), down 0.5 (+/- 0.1) cents from the
after-tax profits average of 3.0 cents for the second quarter 2010 (the 3
months ending Jul. 31, 2010). 3rd Qtr. 2010: -0.5 cents 2nd Qtr. 2010:
+0.1 cents
U.S. Census Bureau >>
Thu, 03 Feb 2011 15:03:37 +0000
November
2010 sales of merchant wholesalers were $370.1 billion, up 1.9 percent
(+/-0.4%) from last month. End-of-month inventories were $425.5 billion,
down 0.2 percent (+/-0.4%) from last month. November 2010: -0.2 %
change in Inv October 2010: 1.7 % change in Inv
U.S. Census Bureau >>
Thu, 03 Feb 2011 15:03:37 +0000
Sales
of new one-family houses in December 2010 were at a seasonally adjusted
annual rate of 329,000. This is 17.5 percent above the revised November
2010 estimate of 280,000. December 2010: +17.5 % change November 2010:
0.0 % change
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
Privately-owned
housing starts in December 2010 were at a seasonally adjusted annual
rate of 529,000. This is 4.3 percent below the revised November 2010
estimate of 553,000. December 2010: -4.3 % change November 2010: +3.8 %
change
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
U.S.
retail and food service sales for December reached $380.9 billion, an
increase of 0.6 percent (+/- 0.5%) from the previous month. December
2010: 0.6 % change November 2010: 0.8 % change
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
U.S.
total business sales for November 2010 were $1,133.1 billion, up 1.2%
(+/-0.1%) from last month. Month end inventories were $1,421.6 billion,
up 0.2% (+/-0.1%) from last month. November 2010: 1.2 % Change in sales
October 2010: 1.4 % Change in sales
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
U.S.
Information sector revenue for the thrid quarter of 2010, adjusted for
seasonal variation but not for price changes, was $293.7 billion, a
increase of 0.9 percent (+/- 0.8) from the second quarter of 2010. 3rd
Qtr 2010: 0.9 % change 2nd Qtr 2010: 0.8 % change
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
New
orders for manufactured goods in December increased $0.7 billion or 0.2
percent to $426.8 billion. December 2010: 0.2 % change November 2010:
1.3 % change
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
Total
construction activity for December 2010 ($787.9 billion) was 2.5
percent below the revised November 2010 ($807.8 billion). Please see our
web site for further details:
http://www.census.gov/constructionspending December 2010: -2.5 % change
November 2010: -0.2 % change
U.S. Census Bureau
Thu, 03 Feb 2011 15:03:37 +0000
Homeownership Rate (HR)
The
homeownership rate in the fourth quarter 2010 (66.5 percent) was lower
than the fourth quarter 2009 rate (67.2 percent). In the Midwest, South,
and West, the homeownership rates were lower than a year ago, while the
Northeast showed no significant change from the corresponding fourth
quarter 2009 rate.
Rental Vacancy Rate (RVR)
The rental vacancy rate in fourth quarter 2010 (9.4 percent) was lower than the fourth quarter 2009 rate (10.7 percent).
Homeowner Vacancy Rate (HVR)
The
homeowner vacancy rate in fourth quarter 2010 was not statistically
different from the fourth quarter 2009 rate (2.7 percent each).
4th Qtr 2010(HR): 66.5 percent 4th Qtr 2009(HR): 67.2 percent
U.S. Census Bureau
