Real time forex news alerts show how global the financial crisis affects every major currency. Australian dollar is optimistic on keeping itself from recession. Although, reports are showing very slow come back from big blows. Unemployment rise with the loss of approximately 18,000 jobs. Business confidence is still down, record low, as well as consumer confidence. Good news is unheard for except for the slight increase in risk appetite. If this risk appetite is not sustained, Australia may face the recession sooner than expected.The Japanese Yen recently lost track of the movements of the over risky assets. It has shown no significant movement even though the price changes in over a week. Real time forex news alerts is still wondering on how long the Japanese yen will last. Their domestic spending is showing very little movement. Both consumer and business confidence shows no sign of improvement. Some good news shows capital spending on safe investments that has at least break even results.
Euro, on the other hand, is showing promising signs of slight improvement. Though, there is no clear picture of the improvements, some would imply that it will come from stabilizing the Euro. This is a small step up if one is to consider the broader Euro zone. Business and consumer sentiment is still said to be bleak. The eyes are still focused on the financial market, whether they are to take the risks or not. Real time forex news alerts are sure to be hanging on to any news for Euro.
Swiss francs surprised real time forex news alerts when it emerged as the 'best performing major currency'. When inflation was controlled to nearly no movement, the consumer confidence was heightened. Although, their unemployment also reached a three-year high. Their export market slowed down, especially in US and Europe, so it is just a matter of time that their trading terms to hit low.
The New Zealand dollar is showing poor growth, but is hopeful that it can persuade the risk appetite. If they can persuade their markets' risk appetite they can stop the currency exchange rate from falling, which hit its seven-year low last week. Another blow was received as the retail industry hit record -low as consumers cut back on entertainment, so is true with South Pacific countries as well.
US dollar is keeping real time forex news alerts amazed. With their government's efforts to boost their consumer confidence, it has been showing more positive outlook on its way out of recession. There may have been downbeat like the consumer confidence drop and the unexpected jobless claims of about 623,000. The Obama administration is gathering up consumer confidence with the passing of his Stimulus bill. This is expected to boost the consumer and business confidence. All the other currencies are watching the movement of US dollar because of it.
As of this month, real time forex news alerts show interest rate for US dollar and GBP slightly went up. Euro, Japanese Yen and NZ dollar showed very little decline. Other major currency stayed the same.
The vacation is over and we are about to enter a critical point in the life of this economic downturn. While all the players involved, from Central Bank figures to generic politicians spin the recovery story, alarming data keeps coming out that seeks to undermine this thought.
The notion that all the data is bad is wrong, there are some signs of life though, particularly in Australia and parts of the EU, however it leaves us not with a sense of an imminent recovery, rather a feeling of a protracted one. It seems from the news reports of this past weekend’s G20 meeting that the Central Bankers themselves have toned down their enthusiasm. Jean-Claude Trichet, the ECB President gave cautious words last week, highlighting the fact that in the towers of the powerful, uncertainty is prevalent.
The US itself is having a severe credibility issue. While their in-house economic analysts predict recovering unemployment and sales figures, the actual data is far off from their estimates. Last week we saw what was expected to be a decline in unemployment result in an increase that has brought the US to near 10% levels – 9.6% to be exact – a 26 year high. So we need to ask now what is really going on. And I fear, as my skeptical self has for months, that the answer is elusive, no one really knows.
By all accounts, the Australian Dollar is by far the best performer of recent weeks in the forex trading market– and this comes at the expense of the US Dollar which hit a year low against the Aussie yesterday. Unemployment is looking to taper down a bit as a browse through the classified ads of major Australian news outlets shows a marked increase in job postings – we will find out the real deal on Thursday.
The Bank Of England is the one to watch later this week too, as they meet and will undoubtedly find reason to spoil any party that Sterling buyers were planning – my bet is that they will not wind down their quantitive easing policies and could, in fact, increase them.
The issue at hand that Forex traders need to look at moving forward is the commercial real estate business. While the housing issue seems to have bottomed out and is slowly inching higher, the commercial 
market is more depressed now than at any point in recent recorded history. Many of the loans used by developers and agents to build and buy property to rent them out will be coming due in the coming months, and just a walk down SOHO in London or SOHO in New York City for that matter will tell you just how that will turn out. With many malls hosting empty stores and many retail giants paring down their operations in many locations, the prospects for the health of the commercial real estate market are grim.
We are about to enter the holiday season, traditionally a buy-fest for consumers – yet confidence around the globe is low and with double digit unemployment, many people will choose to pay their rent or electricity or grocery bills before buying the latest Barbie Doll for Christmas. We are a long way from recovery – even if the leaders of the world choose their words carefully to give the impression otherwise. Don’t be fooled and read for yourselves. The market will not be kind to those that tow the party line – if you want to succeed in this online Forex space, trading the majors needs to be done with caution.
As gold edged near the $1,000 per ounce mark, the Australian Dollar quietly gained across the board on Monday, touching a one year high against the US Dollar. The strength of the Aussie was helped by the announcement of a .6% rise in the Down Under economy, the largest gain in the developed world. Also, the job situation was given a boost as advertisements for jobs in newspapers and interent postings rose for the first time in 16 months.
The official unemployment data is expected this Thursday and analysts are now revising their estimates downward. It is the official government position that the unemployment rate, now sitting at 5.8% will rise to as much as 8.5% by next year however there are now calls for the government to restate that number as it appears the market is improving ahead of estimates.
The US and Canadian markets were closed for Labor day holiday observances so trading was very light on Monday.
The Bank of England will meet on Thursday and it is expected that they will keep interest rates at .5%. However it is of interest to traders whether or not the BOE will expand or contract its credit easing measures.
The Reserve Bank of New Zealand and the Bank of Canada meet on Thursday too and are also expected are expected to keep rates unchanged.
