Swiss GDP Growth eases

Tuesday, 31 May 2011 11:33

Swiss GDP and UBS consumption Indicator were released earlier today. Gross Domestic Product was released at 0.3 for the first quarter of 2011, weaker than previoud release of 0.8% and reasonably lower than the expectations of 0.6%.

UBS consumer sentiment declined from 1.69 to 1.59 in April.

Gross Domestic Product in Canada

Monday, 30 May 2011 05:26

Sixty days after the month ends, change in the Gross Domestic Product is released. GDP in Canada for March was released better than the 0.2% that was expected, GDP rose to 0.3%; higher than February’s 0.1% release.

Pending Sales in US dive by 12%

Friday, 27 May 2011 05:35

US Pending House Resales is important is Forex market traders as it’s the leading economic health indicator, as the sales of homes trigger a wide-reaching ripple effect.

EUR/USD continues to trade at 1.4137. GBP/USD at 1.6451 and CHF/USD 0.8562.

Consumer Spending released in U.S

Friday, 27 May 2011 04:57

The Dollar continues to be under pressure by most major currencies, even though there were some slight gains. EUR/USD fell from today’s 1.4280 to the current 1.4237, as GBP/USD is trading lower from 1.5460 to 1.5419; its current level.

The U.S Dollar rose versus the Japanese Yen to trade at 81.20. The rise was caused as Japan was downgraded by Fitch rating earlier today, permitting the Dollar to jump.

CHF tops USD and EUR

Friday, 27 May 2011 12:56

The Swiss Franc took a turn for the better as it’s rising higher against major currencies such as the American Dollar and the 17 nation currency. CHF hits all-time record highs against both currencies; USD/CHF slumped by 0.9% from 0.8620 to 0.8531, hurting the Dollar while making the Swiss merrier. The record high versus the Euro reached 1.2162.