Month: October 2011

Source: ForexYard

The early afternoon release of Canada’s GDP data revealed an economy in modest stability. The release of a nation’s gross domestic product report is a strong indicator of that nation’s economic health and well-being. Today’s release revealed to investors that Canada’s economy is stronger than previously assumed.

The forecasts for today’s numbers were for a mildly sluggish publication of 0.2%, below last quarter’s 0.3% growth. The actual reading of 0.3% has given traders cause to look over their numbers once again and revalue their Canadian dollar (CAD) positions. Look to the CAD making decently bullish moves throughout the week as one result of today’s numbers.

Read more forex trading news on our forex blog.

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

Source: ForexYard

This morning’s early publication of Japanese housing starts portrayed a capital economy in deep contraction heading into the end of 2011. Housing starts are an indicator of the number of private homes starting construction, making it an early gauge of domestic capital investment and early consumer spending and optimism.

The indicator was expected to show a modest uptick of approximately 8.3% this month. The shocking 10.8% contraction in housing starts has riled several large investors. The Japanese yen (JPY) was trading with mixed results as a consequence and some are wondering what impact this will have on yen values as the year comes to a close.

Read more forex trading news on our forex blog.

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

Source: ForexYard

The euro zone continues to struggle with economic data heading into the fourth quarter of 2011. This morning’s publication of Germany’s retail sales revealed even more sluggish growth in the region’s largest economy.

The report was expected to show a healthy month-on-month growth of 1.1%, a solid uptick from last month’s 2.7% contraction. The actual reading, while far better than last month’s, was still shy of the mark with only 0.4% growth being reported. The impact has been a mild downward tug on the EUR since the data’s release.

Read more forex trading news on our forex blog.

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

Source: ForexYard

This morning’s publication of Switzerland’s KOF Economic Barometer revealed an economic outlook that has dipped somewhat since last month’s reading. A combination of economic indicators is now portraying economic conditions slightly more pessimistically than before.

The measure only fell by approximately 0.2 points from 1.00 to 0.80, a measure that still falls within optimist territory, but only slightly. The Swiss economy has fared relatively well over the last several years, only recently falling from a gouging effect brought on by an artificially strong currency.

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.