Posts Tagged ‘forecast’
Dollar Index Surges, Reversing Downtrend
August 14th, 2010 | 
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The dollar rose against most of its rivals on Friday. US July retail sales increased in line with forecast; July inflation was tame; and August consumer sentiment rebounded from an 8-month low. The S&P 500 declined 4.36 to 1,079.25, pressured by disappointing sales reports from US retailers in July. The
US GDP Misses Estimates
U.S. Dollar Trading (USD) investor appetite for riskier assets pushed the USD lower against the commodity currencies on Friday as Oil and Gold rallied. Data was mixed with Q2 GDP at 2.4% vs. 2.5% forecast being offset by strong Chicago PMI at 62.3 vs. 59.1 previously. In US stocks, DJIA
Loonie Gains on Strong Employment Growth
The dollar was mostly higher versus its counterparts on Friday but broadly lower for the week as worries on global economic recovery eased. This week the IMF upgraded its forecast for 2010 global GDP growth to 4.6% from 4.2% and the International Council of Shopping Centers said US retail sales
Posted in Forex Trading | 
Tags: Council, counterparts, dollar, economic recovery, forecast, Friday, GDP, gdp growth, global gdp, growth, IMF, International, international council of shopping centers, recovery, retail sales, shopping, US, week, worries | 
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Risk Appetite Slowly Returning
U.S. Dollar Trading (USD) remained on the weak side as stocks and most currencies pushed higher into the weekend overcoming weak US Retail Sales data. May Retail Sales slumped -1.2% vs. +0.2% forecast. The data was countered however by a rise in US Consumer Confidence to a 2 year high
Posted in Forex Trading |
Tags: confidence, consumer, consumer confidence, currencies, dollar, forecast, May, retail sales data, rise, side, stocks, trading, U.S., US, USD, weekend, year |
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GDP growth may rise 1-1.5 points if STB targets met
SINGAPORE'S real GDP growth could rise 1-1.5 percentage points on the back of higher tourism receipts if the Singapore Tourism Board's (STB) targets are met at the end of the year.
In a report, Credit Suisse estimates that every dollar increase in tourism spending could add an additional $0.80 to GDP growth.
'If this forecast is correct, we estimate it would increase the ratio of tourism receipts ... more
Posted in Singapore Financial News |
Tags: back, board, Credit, credit suisse, dollar, dollar increase, end, forecast, GDP, gdp growth, growth, increase, percentage, percentage points, ratio, real gdp, report, Singapore, singapore tourism board, spending, STB, Suisse, targets, tourism, tourism receipts, year |
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EUR/USD Breaks 1.20 On Hungary Concerns
U.S. Dollar Trading (USD) risk aversion spiked again on Friday with weaker than expected Jobs data compounded by renewed European Concerns. May Non Farms increased by 431k vs. 513k forecast and included 411k census jobs. May's Unemployment Rate dropped to 9.7% vs. 9.9% previously. In US stocks, DJIA +323 points
Posted in Forex Trading |
Tags: aversion, Census, DJIA, dollar, european concerns, Farms, forecast, Friday, jobs, May, Non, rate, risk, risk aversion, stocks, trading, U.S., Unemployment, unemployment rate, US, USD |
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