Several important events to focus on on today's trading session:
09:30 GMT GBP Retail Sales
- Change in the total value of inflation-adjusted sales at the retail level. The report is released monthly. The figure is a leading indicator of the health of the British economy, as it determines the rate of consumer spending each month.
- Last month, British consumer spending increased by 0.4%, which translated into positive news for the Pound in trading.
- This month, analysts are predicting the consumer spending number to come in... ( read more )
Archive for December, 2009
December 16, 2009 - Forex Daily Tips – December 16th 2009
Forex events to focus on for today's trading session:
09:30 GMT GBP Claimant Count Change
- Change in the number of people claiming unemployment. This figure relates to November that ended recently – what makes this figure fresh and important.
- Last month’s number of people asking for unemployment benefits rose by 12.9K, much less than previous months and early expectations. This improvement is now expected to be slightly erased, with a rise of 13.9K jobs this time
- The GBP already lost over 200 pips this week, suffering ... ( read more )
December 15, 2009 - The USD Falls on Dubai Bailout
The dollar fell slightly against the major currencies on Monday as signs of a sustained economic recovery and reduced concerns of a default in Dubai curbed demand for the U.S. currency as a refuge. The emirate's move initially prompted investors to sell the dollar and pushed up global equities on improved risk appetite.
The dollar slipped slightly against most of its major counterparts on Monday after Dubai's announcement it had received help from Abu Dhabi to repay its debts. This bolstered risk appetite and eroded some of the U.S. curr... ( read more )
December 11, 2009 - The USD Trading Mixed Against Major Currencies
The EUR continues its decline against the Dollar on concerns the credit ratings of more European nations will be lowered. Spain had the outlook on its debt grade cut to “negative” from “stable”. Greece's credit ranking was reduced one step to BBB+ and Portugal's outlook was revised to “negative” from “stable”.
The Dollar experienced a mixed trading day yesterday, advancing on the Yen but staying little changed against the EUR and U.K. pound. The dollar rose above 76 earlier and lately bought 75.996 and compared to 75.987... ( read more )
December 10, 2009 - Daily Forex Tips – December 10th 2009
Several events to focus on today:
08:30 GMT Swiss National Bank (SNB) Monetary Policy Assessment
- Primary tool used by the Swiss National Bank to communicate to its investors about any future monetary policy changes. Interest rate changes and Swiss economic outlook are often discussed.
- The SNB is largely expected to leave its interest rates untouched, as the economy is still recovering from one of its worst financial crisis in recent memory. As banks are considering lending to each other again, the SNB will likely remain cau... ( read more )