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Canada’s inflation rate accelerated in March

Last Updated on Wednesday, 20 April 2011 01:50 Written by BingoEnt Tuesday, 19 April 2011 02:41

Consumer prices rose 3.3 % from a year earlier after a 2.2 % gain in February.

Gold steady today after yesterdays highs.

Last Updated on Wednesday, 20 April 2011 01:50 Written by BingoEnt Tuesday, 19 April 2011 02:23

Gold hovered around the 1,500 level after hitting new highs yesterday off the back of the S & P downgrade of the US. The 14 day RSI rose to 71.204, above the level of 70 that most believe as a sign that prices are ready to retreat.

Eurolands PMI results solid

Last Updated on Wednesday, 20 April 2011 01:50 Written by BingoEnt Tuesday, 19 April 2011 02:10

Growth in the Euroland services sector slowed slightly this month but factories ramped up production as prices increased at the fastest monthly rate in three years. The April PMI highlighted that business activity in Germany and France continued to outpace the rest of the EU. The service sector output price index rose to its highest since […]

USD slips against JPY

Last Updated on Tuesday, 19 April 2011 01:25 Written by Elena Rajkovic Tuesday, 19 April 2011 01:23

The U.S dollar is edging lower against the Japanese currency in the forex market trade. USD slipped against JPY to 82.20, and is currently trading at 82.54. The US was warned that their current AAA rating by Standard & Poors is in danger of being downgraded; unless the deficit problem is being dealt with.

French and German PMI data

Last Updated on Tuesday, 19 April 2011 01:08 Written by Elena Rajkovic Tuesday, 19 April 2011 01:08

Manufacturing and services PMI results were released this morning with the French private sector expanding at the fastest rate since September 2000. Composite Output Index rose to 62.4 from 59.1 in March making a 10+ year high. Services Activity Index rose from March’s 60.4 to 63.4, another 10+ year high. PMI Manufacturing rose to a 4-month high to 56.9. Manufacturing Output Index reached 60.0, making 13-month high.

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