Archive for April, 2013

The final week of April has witnessed the Euro tumble once again as the jobless rates in the European Union hit an all-time high of 12.1% awhile inflation slowed to 1.2%; rates not seen since February of 2010.

Of notable importance for online forex traders is the marked unemployment figures released from both Spain and Germany. While the figures in Germany may be seen as comparatively marginal, those in Spain represent the continued weakness of the fifth-largest economy in Europe.
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In the financial news this week, fears of a continued slowdown in consumer spending in the US proved to be unfounded as official figures showed a rise of 0.2% in March.

Although this was the lowest rise in consumer spending since the start of the year, following growth of 0.3% and 0.7% in January and February respectively, many analysts had anticipated no change in spending levels.
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Online forex trading investors will no doubt have been relieved by the stock market’s positive start to 2013 but now fears of a triple-dip recession in the UK could risk reversing the gains made and force the market back into a nose dive.

On the back of recent uncertainty in the Eurozone caused by the Cyprus bailout and growing fears of economic catastrophe in Slovenia, the UK’s continual teetering on the brink of recession is causing concern among traders and recent gains on the stock market have already begun to fall away.
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On the online forex trading front for this week, a few key movements are taking pace in Europe that have drawn considerably interest from currency traders.

One movement that has gained considerable attention is the fact that the Swiss deflation rate fell to a profound eight month ow in March. This has mainly been caused by the price of consumer goods falling; induced largely by the flow of liquidity from traders looking to hedge themselves against a weakening Euro. In turn, this has obviously strengthened in the CHF.
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