American Dollar forecast page 14 - usd american dollar us dollar usd dollar

Yesterday’s afternoon session brought the release of a slightly disappointing set of US housing sector data. The New Homes Sales figure for October showed a marginal downward move to 368,000 from September’s 369,000 showing. Analysts had been factoring in a marked increase to 390,000. This outcome was particularly disappointing given...

A flat day in the markets today has been summed up by this afternoon’s centrepiece data release; the latest German CPI Inflation data for this month came in exactly as per expectations at an annualised 1.9%. This was marginally down from October’s counterpart figure of 2.0%. The fact that persistent price rises appear to be easing in the...

Yesterday’s afternoon session saw the release of yet more encouraging data from the US in the form of the latest domestic Consumer Confidence survey, which revealed that optimism amongst American economic participants has reached its highest level for almost five years. Exactly why this has happened, given the deep set problems in the US...

This afternoon’s US Durable Goods Orders data for October convincingly beat analysts’ expectations to show at 0.0% - not a bad result given that September’s counterpart figure showed at an impressive 9.2%. Commentators had been expecting a contraction of 0.7%. The US Durable Goods Orders numbers have become a highlight of the monthly...

Greece has secured its next tranche of bailout funding. Eurozone Finance Ministers and representatives of the IMF worked late into the night in an effort to hammer out an agreement which will see the debt-addled Hellenic state benefit from a massive chunk of €44bn funding. This amount is considerably larger than the €31.5bn which was...

European and UK stock indices have struggled to break into positive territory during today’s session. The move follows last week’s significant gains for global shares, so some of the movement would appear to be attributable to technical factors as the markets adjust down towards fair value once more. Today’s limited flight to quality...

A very quiet day for the POUND STERLING meant that the UK tender did not gain or lose any significant amount of ground against any of the other sixteen most actively traded global currencies. The mildly positive effect of Wednesday’s Bank of England minutes, which confirmed that there will be no UK rate cut in the near term, appears to have...

A slew of eurozone data, released in the early part of this morning’s European session, has proved generally supportive for the euro. The most significant individual figure came in the form of the latest German GDP Growth number for Q3. The finalised release revealed that, as expected, economic activity in the eurozone’s leading economic...

Last night’s session saw the release of an encouraging piece of data from the world’s second largest economy; this month’s Chinese HSBC Flash Manufacturing PMI survey showed that this key sector of China’s economy is once again expanding, printing at 50.4. It was the first time that the closely-watched survey had printed above the 50...

Given the prevalence of worrying geo-political events and the grim economic data releases over the past twenty four hours, it is perhaps surprising that global stock markets have registered a relatively respectable performance so far today. Last night’s dismal Japanese trade data showed that the level of exports in Asia’s second...