Asia-Pacific equities markets were lower again on Friday.

Asia-Pacific equities markets were lower again on Friday. In Australia, the S&P/ASX200 was 0.71 percent lower to 5.671 and the Sydney Ordinaries dropped 0.73 percent to 5,670.3. The Taiex index dropped 1.35 percent to 8,090.29 in Taiwan. In Hong Kong the Hang Seng index dropped 1.38 percent to 20,387.13 after going as low as 6.2 percent on the day. The declines brought the Hang Seng to a decline of 6.5 percent for the week. India’s Sensex fell 1.51 percent to 14,141.52, while the Shanghai Composite was down 2.28 percent to 4,656.57. In South Korea, the Kospi index dropped 3.19 percent to 1,638.07.
Tokyo equities markets were significantly lower on the daty. The Nikkei 225 fell 5.42 percent to 15,273.68, while the Topix index and the Mothers market each were down 5.55 percent, to 1,480.39 and 688.46 respectively. Carmakers and other exporters were down on a much stronger yen, while the drop in commodities prices on Thursday hit miners hard. There were gains, however, in the food and beverages and telecommunications sectors.
European markets were higher after the US Federal Reserve cut the discount rate at which the Fed lends money to banks from 6.25 percent to 5.75 percent. The FTSE Eurofirst 300 was up 2.44 percent to 1,475.99, while the Dax gained 1.49 percent to 7,378.29 in Frankfurt, the Paris CAC-40 was up 1.86 percent to 5,363.63 and Madrid’s IBEX was 2.21 percent higher to 14,288.7. Banks and insurers were higher, as were utilities, while the aerospace sector was lower.
London’s markets also saw gains. The FTSE 100 added 3.5 percent to 6,064.2, while the FTSE 250 was 2.14 percent higher to 10,686.2. Banks, some brokers, and miners were higher. So were the oil and pharmaceuticals sectors, while some assets managers, retailers, and the chemicals sectors were lower on the session.
At just before 2 pm in New York, Wall Street was in positive territory for the day, helped by the Fed‘s cut in the discount rate and its declaration that it will do more if necessary to increase liquidity in the markets. The Dow Jones Industrial Average was 1.25 percent higher to 13,006.49, while the Nasdaq Composite had added 1.67 percent to 2,491.92 and the S&P 500 was up 1.88 percent to 1,437.77. Banks and mortgage lenders were up on the session, and some homebuilders saw gains. The telecommunications and pharmaceuticals sectors were mixed.

Crude oil prices were lower in early afternoon trade in New York

Crude oil prices were lower in early afternoon trade in New York after the US Energy Information Administration reported that US inventories of crude oil, gasoline and distillates all dropped last week.
The EIA said that crude oil stockpiles were down by 900,000 barrels in the week ending 13 November, while gasoline inventories dropped by 1.7 million barrels and distillates in storage were 300,000 barrels lower than the previous week.
At around 1:30 p.m. in New York, December contracts for West Texas Intermediate crude were down 38 cents to $78.76 per barrel on the New York Mercantile Exchange, while at last report December Brent crude had dropped 6 cents to $78.91 per barrel on the ICE Futures Europe exchange in London, with both prices falling after gains earlier in the session.
The retail price of a gallon of gasoline in the US reversed its declines to gain less than a cent to $2.632 per gallon overnight as the Thanksgiving holiday approaches in just over a week.
Most metals prices were higher on the session.
December gold was $1.80 higher to $1,141.20 per troy ounce in New York trade after reaching another record high at $1,153.40 per troy ounce, reached earlier in the session, while December silver added 3 cents to $18.42 per troy ounce.
January platinum, however, dropped $10.50 to $1,452 per troy ounce.
Among base metals, March copper traded around Tuesday’s levels to close at $3.14 per pound in New York, while three-month contracts in London added $54 to $6,880 per tonne on the weaker dollar and on hopes that demand will recover, but gains were limited by a report that housing starts in the US in October were down by 10.6 percent and by more gains in London Metal Exchange inventories.
Lead added $18 to $2,403 per tonne in London, while aluminium was up $29 to $2,065 per tonne after going as high as $2,095 per tonne earlier, tin was $245 higher to $15,195 per tonne and nickel gained $300 to $17,200 per tonne.
Zinc dropped $15 to $2,248 per tonne as stockpiles added 15,650 tonnes to over 449,000 tonnes.

The UK minimum wage is set to increase as of today

The UK minimum wage is set to increase as of today, leaving around one million employees nationwide with a statutory pay increase as a result. Additionally entitlement to annual leave has also increased as of today, as part of an ongoing reform of employment law and benchmark employment standards.
The full rate for minimum wage has increased from £5.35 an hour to £5.52 an hour, leaving the average minimum wage earner with an extra £7 a week in pay. Meanwhile the rate for 18-21 year old employees has increased to £4.60 from £4.44, and 16-17 year olds will see a rise of £0.10 an hour to £3.40 at statutory minimum.
Also in force as of today is the requirement to give 24 days a year in annual leave to full time employees, as opposed to the previous minimum of just 20. This will continue to rise incrementally to 28 days in 2009, to bring the UK in line with conditions elsewhere in Europe.
Whilst the move has been welcomed by trade unions, many industry analysts and employers have felt that the cost to the economy will be significant in terms of both inflation and loss of taxation revenue.
With income increasing, consumer spending is likely also to see a boost which will inevitably drive up prices. Furthermore business owners, particularly those with substantial wage bills at present may have to increase product prices in order to counteract the effect of the wage increase and maintain margins, which could ultimately cancel the effect altogether.
According to a report released today by the British Retail Consortium, the cost of the minimum wage increase last year to retailing businesses alone was in excess of £1.7 billion, looking likely to cost the same if not more this time around.
In terms of public revenue, the excess wages will fall to be taxed within the 22% income tax bracket, whereas it would previously have been charged at a marginal corporate rate of 30% for many of the large retailing chains, according to experts in public finance.The UK minimum wage is set to increase as of today, leaving around one million employees nationwide with a statutory pay increase as a result. Additionally entitlement to annual leave has also increased as of today, as part of an ongoing reform of employment law and benchmark employment standards.
The full rate for minimum wage has increased from £5.35 an hour to £5.52 an hour, leaving the average minimum wage earner with an extra £7 a week in pay. Meanwhile the rate for 18-21 year old employees has increased to £4.60 from £4.44, and 16-17 year olds will see a rise of £0.10 an hour to £3.40 at statutory minimum.
Also in force as of today is the requirement to give 24 days a year in annual leave to full time employees, as opposed to the previous minimum of just 20. This will continue to rise incrementally to 28 days in 2009, to bring the UK in line with conditions elsewhere in Europe.
Whilst the move has been welcomed by trade unions, many industry analysts and employers have felt that the cost to the economy will be significant in terms of both inflation and loss of taxation revenue.
With income increasing, consumer spending is likely also to see a boost which will inevitably drive up prices. Furthermore business owners, particularly those with substantial wage bills at present may have to increase product prices in order to counteract the effect of the wage increase and maintain margins, which could ultimately cancel the effect altogether.
According to a report released today by the British Retail Consortium, the cost of the minimum wage increase last year to retailing businesses alone was in excess of £1.7 billion, looking likely to cost the same if not more this time around.
In terms of public revenue, the excess wages will fall to be taxed within the 22% income tax bracket, whereas it would previously have been charged at a marginal corporate rate of 30% for many of the large retailing chains, according to experts in public finance.

Crude oil prices fell Thursday as the US dollar strengthened

Crude oil prices fell Thursday as the US dollar strengthened and on declines in global equities markets.
December contracts for West Texas Intermediate crude were down $2.12 to $77.46 per barrel on the New York Mercantile Exchange while, with December contracts expiring at the end of floor trade on Friday, January WTI contracts dropped $2.05 to $78.05 per barrel on Nymex.
January Brent crude fell $2.29 to $77.18 per barrel on the ICE Futures Europe exchange in London.
Nymex December gasoline futures were down 4 cents to $1.97 per gallon on the session, while January heating oil dropped 5 cents to $2.03 per gallon but January natural gas futures added 6 cents to $4.72 per million British thermal despite a new report from the US Energy Information Administration that US natural gas inventories rose to another new record last week.
December gold added $1 to $1,142.20 per troy ounce in New York trade Thursday after going lower earlier as the US dollar strengthened.
December silver was also higher at the close of floor trade in New York after declining during the morning session, adding 5 cents to $18.46 per troy ounce, while January platinum fell $8.10 to $1,443.90 per troy ounce.
Among base metals, copper prices were lower as March contracts in New York dropped 3 cents to $3.11 per pound while three-month contracts on the London Metal Exchange fell $70 to $6,810 per tonne, while most other base metals also saw prices fall in London

The yen was weaker Friday as Japan’s unemployment

The yen was weaker Friday as Japan’s unemployment rate was reported at 5.7 percent in July and as consumer prices dropped 2.2 percent from last year.
The yen recovered slightly as the session progressed on a new US consumer confidence report, but the news on jobs and deflation seemed make it more likely that the ruling Liberal Democratic Party will lose Sunday’s elections in Japan.
In late morning trade in New York, the yen traded at ¥134.4186 to the euro while it was at ¥93.515 to the greenback and traded at ¥78.9156 to the Australian dollar on the possibility that investors will start to look for more risky investments.
The euro was helped by a gain in Eurozone business and consumer sentiment, which stood at 80.6 in August, higher than analysts had expected, with a euro worth $1.4274 at just before 11:30 a.m. in New York.
The pound was a bit stronger in early trade, but by late morning in New York it had given back some of its gains to trade at 88.15p to the euro while at the same time it took $1.6305 to buy a pound.
Meanwhile, the Canadian dollar traded higher at C$1.0838 to the US currency as US equities markets and oil prices were both higher.
The yen was weaker Friday as Japan’s unemployment rate was reported at 5.7 percent in July and as consumer prices dropped 2.2 percent from last year.
The yen recovered slightly as the session progressed on a new US consumer confidence report, but the news on jobs and deflation seemed make it more likely that the ruling Liberal Democratic Party will lose Sunday’s elections in Japan.
In late morning trade in New York, the yen traded at ¥134.4186 to the euro while it was at ¥93.515 to the greenback and traded at ¥78.9156 to the Australian dollar on the possibility that investors will start to look for more risky investments.
The euro was helped by a gain in Eurozone business and consumer sentiment, which stood at 80.6 in August, higher than analysts had expected, with a euro worth $1.4274 at just before 11:30 a.m. in New York.
The pound was a bit stronger in early trade, but by late morning in New York it had given back some of its gains to trade at 88.15p to the euro while at the same time it took $1.6305 to buy a pound.
Meanwhile, the Canadian dollar traded higher at C$1.0838 to the US currency as US equities markets and oil prices were both higher.

Euro up as Australian job.

Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.The euro was bolstered against the yen and dollar today, as better than expected Australian jobs data spurred investors to buy riskier assets. The euro rose to 134.62 against the yen and $1.49889 against the dollar in the Asian session, and could extend its gains against the greenback if US weekly jobless claims data shows that less people are claiming benefits.
Meanwhile the Australian dollar rose to a 15-month high of $0.9372 against the US dollar and hit a 2 week high of 84.23 against the Yen. The Australian jobs data showed nearly 25,000 more people in work during October, compared to the expected 10,000 decline, but unemployment still rose to 5.8% as expected.The euro was bolstered against the yen and dollar today, as better than expected Australian jobs data spurred investors to buy riskier assets. The euro rose to 134.62 against the yen and $1.49889 against the dollar in the Asian session, and could extend its gains against the greenback if US weekly jobless claims data shows that less people are claiming benefits.
Meanwhile the Australian dollar rose to a 15-month high of $0.9372 against the US dollar and hit a 2 week high of 84.23 against the Yen. The Australian jobs data showed nearly 25,000 more people in work during October, compared to the expected 10,000 decline, but unemployment still rose to 5.8% as expected.

Yn up against euro and dollar.

The yen was up against the euro and dollar in Asia this morning after the Federal Reserve Chairman Ben Bernanke released a Wall Street Journal article that stated that the central bank would have to stiffen its monetary policies in the future.
In the article, Mr Bernanke wrote that, “Accommodative policies will likely be warranted for an extended period,” adding that the Federal Reserve, “will need to tighten monetary policy to prevent the emergence of an inflation problem” as the economic recovery continues.
Bernanke’s article prompted investors to be more risk-adverse, selling the dollar and euro for the more stable yen. The dollar hit a low of 93.75 yen, compared to 94.23 posted on Monday, with the euro slipping to a day’s low of 133.18 yen.The yen was up against the euro and dollar in Asia this morning after the Federal Reserve Chairman Ben Bernanke released a Wall Street Journal article that stated that the central bank would have to stiffen its monetary policies in the future.
In the article, Mr Bernanke wrote that, “Accommodative policies will likely be warranted for an extended period,” adding that the Federal Reserve, “will need to tighten monetary policy to prevent the emergence of an inflation problem” as the economic recovery continues.
Bernanke’s article prompted investors to be more risk-adverse, selling the dollar and euro for the more stable yen. The dollar hit a low of 93.75 yen, compared to 94.23 posted on Monday, with the euro slipping to a day’s low of 133.18 yen.The yen was up against the euro and dollar in Asia this morning after the Federal Reserve Chairman Ben Bernanke released a Wall Street Journal article that stated that the central bank would have to stiffen its monetary policies in the future.
In the article, Mr Bernanke wrote that, “Accommodative policies will likely be warranted for an extended period,” adding that the Federal Reserve, “will need to tighten monetary policy to prevent the emergence of an inflation problem” as the economic recovery continues.
Bernanke’s article prompted investors to be more risk-adverse, selling the dollar and euro for the more stable yen. The dollar hit a low of 93.75 yen, compared to 94.23 posted on Monday, with the euro slipping to a day’s low of 133.18 yen.The yen was up against the euro and dollar in Asia this morning after the Federal Reserve Chairman Ben Bernanke released a Wall Street Journal article that stated that the central bank would have to stiffen its monetary policies in the future.
In the article, Mr Bernanke wrote that, “Accommodative policies will likely be warranted for an extended period,” adding that the Federal Reserve, “will need to tighten monetary policy to prevent the emergence of an inflation problem” as the economic recovery continues.
Bernanke’s article prompted investors to be more risk-adverse, selling the dollar and euro for the more stable yen. The dollar hit a low of 93.75 yen, compared to 94.23 posted on Monday, with the euro slipping to a day’s low of 133.18 yen.

Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.
The yen was the biggest winner during the session, raising 1.3% against the euro and 0.8% against the US dollar.
Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.
The yen was the biggest winner during the session, raising 1.3% against the euro and 0.8% against the US dollar.
Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.
The yen was the biggest winner during the session, raising 1.3% against the euro and 0.8% against the US dollar.
Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.
The yen was the biggest winner during the session, raising 1.3% against the euro and 0.8% against the US dollar.

Dollar rises against euro to end one year low.

The dollar edged up against a host of currencies on Friday and ended a year’s low against the euro, hit the day before as investors turned back to the ailing US currency. The dollar had been on a downward spiral since March as investors shifted to more risky assets due to signs that the economy was stabilising.
The euro was down against the US dollar by 0.2% following the morning session and after hitting a year high of $1.4768 against the dollar on Thursday.
The dollar also saw a rise of 0.2% against the yen, finishing at 91.30 and took a healthy 0.4% rise against the now struggling Sterling ending the session at $1.6383. The Australian and New Zealand dollars also fell against the greenback by 0.2% and 0.1% respectively after both hitting 13 month highs against the US currency on Thursday.
The dollar edged up against a host of currencies on Friday and ended a year’s low against the euro, hit the day before as investors turned back to the ailing US currency. The dollar had been on a downward spiral since March as investors shifted to more risky assets due to signs that the economy was stabilising.
The euro was down against the US dollar by 0.2% following the morning session and after hitting a year high of $1.4768 against the dollar on Thursday.
The dollar also saw a rise of 0.2% against the yen, finishing at 91.30 and took a healthy 0.4% rise against the now struggling Sterling ending the session at $1.6383. The Australian and New Zealand dollars also fell against the greenback by 0.2% and 0.1% respectively after both hitting 13 month highs against the US currency on Thursday.
The dollar edged up against a host of currencies on Friday and ended a year’s low against the euro, hit the day before as investors turned back to the ailing US currency. The dollar had been on a downward spiral since March as investors shifted to more risky assets due to signs that the economy was stabilising.
The euro was down against the US dollar by 0.2% following the morning session and after hitting a year high of $1.4768 against the dollar on Thursday.
The dollar also saw a rise of 0.2% against the yen, finishing at 91.30 and took a healthy 0.4% rise against the now struggling Sterling ending the session at $1.6383. The Australian and New Zealand dollars also fell against the greenback by 0.2% and 0.1% respectively after both hitting 13 month highs against the US currency on Thursday.

World food summit 2009.

Despite the widespread protest against the mass slaughtering of hundreds of thousands of animals for religious purposes during the ongoing Gadhimai festival both inside the country and outside, the Nepal government has put a stamp of approval on it with its senior ministers and top government.The world food summit (WFS) of 2009 was held from 16-18 November, in Rome, Italy. The very objectives and progress of first Food Summit of 1996 has been revisited once again to reconfirm commitments by heads of state and different global institutions. The WFS goal is to reduce between by 2015, the number of undernourished people by half. Therefore, the first food summit has been considered .The world food summit (WFS) of 2009 was held from 16-18 November, in Rome, Italy. The very objectives and progress of first Food Summit of 1996 has been revisited once again to reconfirm commitments by heads of state and different global institutions. The WFS goal is to reduce between by 2015, the number of undernourished people by half. Therefore, the first food summit has been considered as an i ...

Cadaian Dollar rebounds on Gold,oil.

After posting the worst week in almost two months, the Canadian currency rebounded sharply today paring most of its previous days losses, as commodities exported from Canada had an increased demand today, attracting investors to purchase assets in the country.
The Canadian currency is highly influenced by stocks and commodities prices due to its high-yielding commodity exporter economic profile, and today, as the gold rose vertically and the crude oil rebounded after several negative sessions, helping the loonie to revert a losing trend posting the highest gains in 2 weeks.
USD/CAD traded at 1.0553 as of 16:37 GMT from a previous rate of 1.0697 yesterday.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.After posting the worst week in almost two months, the Canadian currency rebounded sharply today paring most of its previous days losses, as commodities exported from Canada had an increased demand today, attracting investors to purchase assets in the country.
The Canadian currency is highly influenced by stocks and commodities prices due to its high-yielding commodity exporter economic profile, and today, as the gold rose vertically and the crude oil rebounded after several negative sessions, helping the loonie to revert a losing trend posting the highest gains in 2 weeks.
USD/CAD traded at 1.0553 as of 16:37 GMT from a previous rate of 1.0697 yesterday.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.After posting the worst week in almost two months, the Canadian currency rebounded sharply today paring most of its previous days losses, as commodities exported from Canada had an increased demand today, attracting investors to purchase assets in the country.
The Canadian currency is highly influenced by stocks and commodities prices due to its high-yielding commodity exporter economic profile, and today, as the gold rose vertically and the crude oil rebounded after several negative sessions, helping the loonie to revert a losing trend posting the highest gains in 2 weeks.
USD/CAD traded at 1.0553 as of 16:37 GMT from a previous rate of 1.0697 yesterday.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.After posting the worst week in almost two months, the Canadian currency rebounded sharply today paring most of its previous days losses, as commodities exported from Canada had an increased demand today, attracting investors to purchase assets in the country.
The Canadian currency is highly influenced by stocks and commodities prices due to its high-yielding commodity exporter economic profile, and today, as the gold rose vertically and the crude oil rebounded after several negative sessions, helping the loonie to revert a losing trend posting the highest gains in 2 weeks.
USD/CAD traded at 1.0553 as of 16:37 GMT from a previous rate of 1.0697 yesterday.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.After posting the worst week in almost two months, the Canadian currency rebounded sharply today paring most of its previous days losses, as commodities exported from Canada had an increased demand today, attracting investors to purchase assets in the country.
The Canadian currency is highly influenced by stocks and commodities prices due to its high-yielding commodity exporter economic profile, and today, as the gold rose vertically and the crude oil rebounded after several negative sessions, helping the loonie to revert a losing trend posting the highest gains in 2 weeks.
USD/CAD traded at 1.0553 as of 16:37 GMT from a previous rate of 1.0697 yesterday.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.After posting the worst week in almost two months, the Canadian currency rebounded sharply today paring most of its previous days losses, as commodities exported from Canada had an increased demand today, attracting investors to purchase assets in the country.
The Canadian currency is highly influenced by stocks and commodities prices due to its high-yielding commodity exporter economic profile, and today, as the gold rose vertically and the crude oil rebounded after several negative sessions, helping the loonie to revert a losing trend posting the highest gains in 2 weeks.
USD/CAD traded at 1.0553 as of 16:37 GMT from a previous rate of 1.0697 yesterday.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.After posting the worst week in almost two months, the Canadian currency rebounded sharply today paring most of its previous days losses, as commodities exported from Canada had an increased demand today, attracting investors to purchase assets in the country.
The Canadian currency is highly influenced by stocks and commodities prices due to its high-yielding commodity exporter economic profile, and today, as the gold rose vertically and the crude oil rebounded after several negative sessions, helping the loonie to revert a losing trend posting the highest gains in 2 weeks.
USD/CAD traded at 1.0553 as of 16:37 GMT from a previous rate of 1.0697 yesterday.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.After posting the worst week in almost two months, the Canadian currency rebounded sharply today paring most of its previous days losses, as commodities exported from Canada had an increased demand today, attracting investors to purchase assets in the country.
The Canadian currency is highly influenced by stocks and commodities prices due to its high-yielding commodity exporter economic profile, and today, as the gold rose vertically and the crude oil rebounded after several negative sessions, helping the loonie to revert a losing trend posting the highest gains in 2 weeks.
USD/CAD traded at 1.0553 as of 16:37 GMT from a previous rate of 1.0697 yesterday.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.After posting the worst week in almost two months, the Canadian currency rebounded sharply today paring most of its previous days losses, as commodities exported from Canada had an increased demand today, attracting investors to purchase assets in the country.
The Canadian currency is highly influenced by stocks and commodities prices due to its high-yielding commodity exporter economic profile, and today, as the gold rose vertically and the crude oil rebounded after several negative sessions, helping the loonie to revert a losing trend posting the highest gains in 2 weeks.
USD/CAD traded at 1.0553 as of 16:37 GMT from a previous rate of 1.0697 yesterday.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

The canadian currency,which started to week.

The Canadian currency, which started the week rallying majorly versus its U.S. counterpart, was one of the worst performers today as commodities and stocks faltered, influencing negatively the outlook for the loonie and other currencies from commodity exporter nations.
The Canadian dollar didn’t manage to extend yesterday’s gains since risk aversion rose once again in foreign-exchange markets as U.S. gross domestic product figures had a less significant increase than figures from the past quarter, declining risk appetite and forcing Canada’s main commodity export, the crude oil, down globally, affecting other currencies linked to the ”black gold” as the Australian dollar and the Norwegian krone. The Canadian currency has been experiencing high volatility during the past weeks as risk levels among traders is changing overnight, as reports worldwide sometimes bring optimism with economic recovery figures at the same time that growth forecasts and interest rates outlook remain rather dovish in most of the wealthy nations around the world.
The volatility of the crude oil is playing a massive role in the Canadian dollar trends this week, as the Bank of Canada seemed to ”cool down” on its statements regarding the loonie’s strong rates. Commodities rates will be they key-factor determining the loonie’s direction towards the end of the year.
USD/CAD traded at 1.0605 from 1.0555 in the intraday comparison. CAD/JPY fell to 83.47 from 84.37.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below

Top Forex news from all over the world.

The dollar had another severe fall today declining to the lowest level in 2009 versus the euro as the Federal Reserve has not yet made any statements against the current decline for the nation’s currency, setting the greenback to a new bottom that may be extended further towards the end of the year.Risk aversion rose today favoring the Japanese currency after a U.S. gross domestic product report indicated a slow down in the quarterly growth, creating speculations that the nation’s recovery will take longer than expected, attracting investors to safer bets.The Canadian currency, which started the week rallying majorly versus its U.S. counterpart, was one of the worst performers today as commodities and stocks faltered, influencing negatively the outlook for the loonie and other currencies from commodity exporter nations.The Canadian currency, which started the week rallying majorly versus its U.S. counterpart, was one of the worst performers today as commodities and stocks faltered, influencing negatively the outlook for the loonie and other currencies from commodity exporter nations.The Canadian currency, which started the week rallying majorly versus its U.S. counterpart, was one of the worst performers today as commodities and stocks faltered, influencing negatively the outlook for the loonie and other currencies from commodity exporter nations.The Canadian currency, which started the week rallying majorly versus its U.S. counterpart, was one of the worst performers today as commodities and stocks faltered, influencing negatively the outlook for the loonie and other currencies from commodity exporter nations.The Canadian currency, which started the week rallying majorly versus its U.S. counterpart, was one of the worst performers today as commodities and stocks faltered, influencing negatively the outlook for the loonie and other currencies from commodity exporter nations.The Canadian currency, which started the week rallying majorly versus its U.S. counterpart, was one of the worst performers today as commodities and stocks faltered, influencing negatively the outlook for the loonie and other currencies from commodity exporter nations.The Canadian currency, which started the week rallying majorly versus its U.S. counterpart, was one of the worst performers today as commodities and stocks faltered, influencing negatively the outlook for the loonie and other currencies from commodity exporter nations.After posting the worst week in almost two months, the Canadian currency rebounded sharply today paring most of its previous days losses, as commodities exported from Canada had an increased demand today, attracting investors to purchase assets in the country.

An average retail Forex trader

It was during one of his late-night internet surfing sessions, searching for that elusive holy grail Forex system, that he stumbled upon a new way to look at the market, and he hasn't been the same since... What Mr. H. realized was that Forex market moves because of fundamental news releases; if you can anticipate fundamentals, you can OWN the market. The funny thing is that this information is not some top wall-street market secret (if such a thing exists), but a combination of some good old common sense and psychology; somehow 95% of traders are just hopelessly blind to its existence... http://www.ninjatraderblog.com/trading/2009/11/forex-new ... It's like this, "In the land of the blind, the one eye man is King!" While majority of traders either don't know or don't care about this amazing fact, you can start to cash in on this amazing information... And according to Mr. H., in his own words, after he *cracked* the code on Forex news trading, he felt so embarrassed about how clueless he was during all of those previous years he spent at trading, which was one of the main reasons that compelled him to share this information... And this information is NOT trading news spikes. As you know, many brokers hate news traders, and the reason is when an important news is released, there aren't any bids in the market; in order to fulfill your order, your broker has to take all of the risk, essentially your gain is his loss... and if we are sure of one constant in Forex retail trading, that would be brokers are here to make money... Not only your broker will love you for using this information, you will also be able to stop fighting over the scraps and leftover pips during news releases time, and take advantage of market sentiment and pick up the entire 3-course meal with dessert at minimum risk. So, if you are ready to transform your Forex Trading, (or options, or commodity, or even stocks for that matter) you need to get a hold of Mr. H's information (and yes, you'll see his LIVE account statement): But I feel it's only fair to warn you that Mr. H. is under a lot of pressure from investors, brokers, and savvy internet marketers. Apparently when you can turn $75K into $175K in 90 days, you'll get a line of people outside of your office waiting to give you money to trade... So if I were you I'd not take any chances because although he is still offering his "secret" for now, there is no guarantee that he won't strike a deal with a major Forex Company and bury this information forever, so GET IT WHILE IT LASTS.

Forex News Trading Secret Report

Read on you'll see some irrefutable proof of this $100,000 gain. An average retail Forex trader, let's just call him Mr. H., was able to generate a whopping 126% return (or his account grew to 226%) on his live account in less than 90 days! To put a dollar amount, he was able to make $101,803.84 gross from a $75,000 account... You see, Mr. H. started trading Forex a few years back, and he learned how to trade based on technical indicators, like 95% of Forex Traders out there; he would have some good days and then some bad days. During real bad days he would have a margin call or two on his account, a typical overleveraged dreamer, AKA Retail Forex Trader. http://www.ninjatraderblog.com/trading/2009/11/forex-new ... It was during one of his late-night internet surfing sessions, searching for that elusive holy grail Forex system, that he stumbled upon a new way to look at the market, and he hasn't been the same since... What Mr. H. realized was that Forex market moves because of fundamental news releases; if you can anticipate fundamentals, you can OWN the market. The funny thing is that this information is not some top wall-street market secret (if such a thing exists), but a combination of some good old common sense and psychology; somehow 95% of traders are just hopelessly blind to its existence... http://www.ninjatraderblog.com/trading/2009/11/forex-new ... It's like this, "In the land of the blind, the one eye man is King!" While majority of traders either don't know or don't care about this amazing fact, you can start to cash in on this amazing information... And according to Mr. H., in his own words, after he *cracked* the code on Forex news trading, he felt so embarrassed about how clueless he was during all of those previous years he spent at trading, which was one of the main reasons that compelled him to share this information... And this information is NOT trading news spikes. As you know, many brokers hate news traders, and the reason is when an important news is released, there aren't any bids in the market; in order to fulfill your order, your broker has to take all of the risk, essentially your gain is his loss... and if we are sure of one constant in Forex retail trading, that would be brokers are here to make money... Not only your broker will love you for using this information, you will also be able to stop fighting over the scraps and leftover pips during news releases time, and take advantage of market sentiment and pick up the entire 3-course meal with dessert at minimum risk. So, if you are ready to transform your Forex Trading, (or options, or commodity, or even stocks for that matter) you need to get a hold of Mr. H's information (and yes, you'll see his LIVE account statement): But I feel it's only fair to warn you that Mr. H. is under a lot of pressure from investors, brokers, and savvy internet marketers. Apparently when you can turn $75K into $175K in 90 days, you'll get a line of people outside of your office waiting to give you money to trade... So if I were you I'd not take any chances because although he is still offering his "secret" for now, there is no guarantee that he won't strike a deal with a major Forex Company and bury this information forever, so GET IT WHILE IT LASTS.

what is forex?

A Market Which Never Closes Many of the trading markets around the world are situated in fixed locations and operate within strict trading hours, often limited to just five or six hours a day between Monday and Friday. The Forex market however is open 24 hours a day. This means that traders can not only take advantage of international events and react literally as they happen, but they also have the ability set their own trading hours. If you prefer to work in the mornings then that’s fine but, if this doesn’t suit you, then you can choose to trade during the afternoon, late evening or even in the middle of the night if you want to. Low Trading Costs In many markets, like the equity market, traders not only have to pay a spread (the difference in price between buying and selling a stock) but also have to pay a commission to the broker. On small trades this commission can typically be about $20 and this can rise rapidly to over $100 for larger trades. Because the foreign currency exchange market is a wholly electronic market many of the traditional trading costs are eliminated and you are in affect reduced to paying nothing more than the spread. In addition, the extremely liquid nature of the global currency exchange market means that spreads are normally much tighter than those seen in other markets.

Manila, Philippines (CNN)

Army officials said 100 gunmen surrounded the group of about 40 people -- many local journalists and women among them -- and ordered them out of their vehicles. They took the hostages to a mountainous region, officials said.
Some of the women were raped and tortured, according to media reports.
The military confirmed finding 22 bodies, some of them reportedly beheaded.
"Never in the history of journalism have the news media suffered such a heavy loss of life in one day," Reporters Without Borders said of the 12 journalists reported dead.
The military has said the gunmen are loyal to Maguindanao Gov. Andal Ampatuan, who has held control of the area for the past decade and is a longtime ally of President Gloria Macapagal-Arroyo.
Neither Ampatuan nor his advisers have commented on the allegation.
Maguindanao is a province in Mindanao, a Muslim autonomous region out of the control of the central government. The Philippines government said it increased security in the region after the attacks.
Jesus Dureza, an adviser to Macapagal-Arroyo, called the slayings "a gruesome massacre of civilians unequaled in recent history."
Dureza, Macapagal-Arroyo's adviser on Mindanao affairs, has asked the government to place Maguindanao province under a state of emergency.
Elections in the Philippines have long been marred by violence, but Monday's abductions and killings shocked the nation. Macapagal-Arroyo condemned the killings and ordered more Filipino troops to the region to bolster security, according to the Philippines News Agency.
She also ordered the Armed Forces of the Philippines "to conduct immediate and relentless pursuit of the perpetrators [and] to secure the affected areas," the agency reported.
Military checkpoints are being set up as part of the security effort, state media reported.
Aid agencies operating in the region have long complained about a climate of fear in the region, where the government has little control and private armies operate freely.
Reporters Without Borders said it has been outspoken in criticizing "the culture of impunity and violence in the Philippines, especially Mindanao."
"This time, the frenzied violence of thugs working for corrupt politicians has resulted in an incomprehensible bloodbath," the organization said. "We call for a strong reaction from the local and national authorities."

PM Nepal making last ditch effort

In order to ensure passage of the budget for 2009/10 tabled at the parliament, Prime Minister Madhav Kumar Nepal on Tuesday conferred with chairman of Nepal Peasant and Worker Party Narayan Man Bijukchhe. PM Nepal reached Bijukchhe's residence in Kamal Binayak at around 11 am today morning to discuss the budget tabled for approval at the legislature parliament including current political situation of the country.Although much details of the meeting was not known, but it is learnt that PM Nepal met the leader of the small communist party to ask for the latter's cooperation in endorsing the budget.The meeting comes amid rumors that the UCPN (Maoist) is conspiring to block the passage of the budget through the parliament. For this the Maoists are said to have convinced dissatisfied lawmakers from many parties including PM Nepal's own party CPN-UML not to vote in favor of the budget.The parliament session which is underway since Monday will be endorsing the budget through election.
After disrupting the house for five months, the Maoists had only few days ago decided to allow the legislature parliament to resume for three days so that the budget could be approved.
Possibly suspecting the Maoists of creating another hindrance in passing the budget, PM Nepal has intensified consultation with leaders of fringe parties like Bijukhche. Reports say that he has also summoned all his party lawmakers who are currently outside the valley, even sending helicopters to get them, to ensure 301 votes needed for passing the budget.
Meanwhile, Constituent Assembly (CA) chairman Subash Chandra Nemwang met Nepali Congress president Girija Prasad Koirala today morning and requested the latter to make honest effort to forge consensus between the political parties.
During the meeting held at Koirala's residence in Maharajgunj, Nemwang expressed serious concern over the political parties' lack of resolve to give the country a new constitution by the stipulated time frame and asked the octogenarian leader to take initiative to end the prevailing deadlock. nepalnews.com
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