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What’s Expected: Time of release: 01/20/2012 12:00 GMT, 7:00 EST Primary Pair Impact: USDCAD Expected: 2.7% Previous: 2.9% DailyFX Forecast: 2.5% to 2.8% Why Is This Event Important: Consumer prices in Canada are expected to increase at an annualized 2.7% in December, and the slower rate of inflation could spark a bearish reaction in the loonie as the development dampens expectations for [...]
The Euro is looking to mount its first major short-term correction in several weeks, with the market attempting to establish back above the previous weekly highs by 1.2880. Market participants have found some renewed confidence in the single currency despite all the troubles in the region with the news that the IMF will be looking [...]
Gold slipped on Thursday by 0.33% and reached $1,654.5; silver also decreased by 0.11% and reached $30.51. During January, gold increased by 5.6% and silver by 9.29%. U.S Housing Starts Fell by 4.1% According to a recent report, privately owned Housing starts fell in by 4.1%; nevertheless, the annual rate for December 2011 was 24.9% [...]
UK retail sales fell 0.4% on a like-for-like year-on-year basis in February, versus a 2.3% increase in January as sales for non-food items slowed sharply due to uncertainty about jobs and incomes, according to the British Retail Consortium-KPMG’s monthly sales monitor. Total sales rose 1.1% on a year ago in February, against January’s increase of [...]
LONDON is rebounding from the UK’s housing market slump, the Royal Institution of Chartered Surveyors (RICS) revealed today. While house prices continued to fall throughout the rest of the country, prices actually rose in the capital in February, according to the latest RICS survey. A positive balance of 14 per cent of surveyors reported jumps [...]
China’s Commerce Minister said Monday the current yuan exchange rate was at a “reasonable range”, amid calls for Beijing to let its currency appreciate rapidly. “The current range is a completely reasonable range acknowledged by the international community,” Chen Deming told reporters at a press briefing during the nation’s annual parliamentary session. “It is completely [...]
US crude oil prices have hit a new two-and-a-half year high amid fears Libya could be facing a full-blown civil war. US light crude rose by $1.95 to $106.75 a barrel, the highest since September 2008, before falling back sharply. Brent crude gained $2.43 to $118.4, close to recent highs, before it also slipped back. [...]
The economy can’t be predicted. The longer I live, the more I believe that’s true. Running the Derby of Economic Forecasting Talent (DEFT for short) reinforces my conviction. I salute the contest’s winners, of course, though certain patterns over the years strengthen my skepticism about successfully predicting economic performance. Amateurs frequently beat professionals. No one [...]
Will Rogers is quoted as saying “More important than the Return on your Investment is the Return of your Investment.” To me that means you should diligently safeguard all your online investing account details and ensure you have a robust plan to achieve this. The Bad Guys are Clever The longer you’ve been on the [...]
Mario Tama/Getty Images Markets may have rebounded in 2009, but individual investors are still edgy and shell-shocked. Even as the broad Standard & Poor’s 500-stock index remained up 56% since March, the U.S. unemployment rate crept above 10%, according to a Labor Dept. report released Nov. 6. “I don’t think many people are feeling very [...]