Posts published in November 2011

Early, the Canadian dollar moved higher in Forex trading, helped by higher oil prices. However, now the loonie is moving lower as traders await the results of the vote in Italy. While the vote is…

A budget vote in Italy has markets waiting for what’s next — and expecting something positive. As a result of this cautious optimism, the US dollar is lower in Forex trading. With support for Italian…

The euro fluctuated today as the mounting pressure for Italian Prime Minister Silvio Berlusconi added Italy to the list of countries investors should be worried about. In fact, Italy was on that list, together…

The Great Britain pound strengthened today after the manufacturing production expanded, while the concerns about the situation in the European Union increased demand for the currency as a safe haven. Today Italian Prime Minister Silvio…

The Australian dollar declined today, extending its yesterday’s drop against the greenback and the yen as the concerns about the crisis in Europe and the negative fundamental reports from Australia decrease attractiveness of the currency. The news about…

The Canadian dollar rallied as the gains of stocks triggered a rally of crude oil. The currency weakened a bit at the start of today’s trading, but does a good job of holding its gains so far. Crude…

Last week, Japanese leaders intervened in an effort to help keep the yen weak. However, the maneuver didn’t go off as well as expected, thanks to demand for Japanese assets from China. And, today,…

US dollar is higher right now, gaining as risk aversion makes an appearance. With Italy on the verge of a Greek-like crisis, Forex traders are concerned about what could happen next.…

The euro declined today as investors turned their attention from Greece to Italy and the situation there was bad enough to spur talks about spreading of the debt contagion across the Eurozone. Greek Prime…

The Swiss franc weakened today after the report showed that the inflation in Switzerland unexpectedly declined, spurring the speculation that the central bank may tighten the peg of the Swiss currency to the euro. The Federal Statistical…