Euro, riskier currencies buoyed by China comments Contraction in euro zone GDP could weigh in medium term Greek bailout uncertainty persists but markets optimistic Dollar hits 31/2 mth high vs yen after BOJ easing steps LONDON, Feb 15 The euro rose against the dollar on Wednesday after China said it would continue investing in euro [...]
UK surprised the markets by reporting that Q4 10 GDP did not expand slowly as the consensus expected, but actually contracted by 0.5%. The economy last contracted in Q3 09. A full breakdown of the report is not made available until the next report in late February. However, the preliminary numbers suggest that the service [...]
We’ll be receiving GDP release from Canada today along with US Adv. GDP q/q, I’d suggest to concentrate on the U.S. release first, if there is no trading opportunity there, then come back and look at the Canadian release. Here’s the forecast: 8:30am NY Time Canada GDP m/m Forecast 0.1% Previous 0.0% ACTION: USD/CAD BUY [...]