Personal Income calculates the pre-tax income households collect from employment, investments, and other payments. The impact on equity markets is subdued. However, the data is still functional in gauging the ability of consumers to spend residual income, as increasing

Personal Income allows for buoyant consumers

The Australian dollar fell today on speculation that the Reserve Bank of Australia will cut its main interest rate as the European problems cause a negative impact on Australia’s economy.

The RBA holds a monetary policy meeting tomorrow and is expected to cut its main interest rate to 4 percent from the current 4.25 percent. Analysts think that t

(eToro Blog) Not too long ago, Gold prices had surged higher, heading up towards $1,930, with seemingly no end in sight, and investors and analysts alike fully expected that a $2,000 record was in the bag. It didn’t quite work out that way, as the shiny stuff it seems is yesterday’s news. Investors are selling of

(eToro Blog) Not too long ago, Gold prices had surged higher, heading up towards $1,930, with seemingly no end in sight, and investors and analysts alike fully expected that a $2,000 record was in the bag. It didn’t quite work out that way, as the shiny stuff it seems is yesterday’s news. Investors are selling of

Canadian GDP surprised analysts and traders to the downside today, with February GDP declining 0.2%. The news came at the same time that reports of slowing consumer spending and income were reported in the United States. The combination is weighing on the Canadian dollar today, as well as on other currencies.

The drop in Canadian GDP is being b

US dollar index is recovering somewhat today, thanks to vulnerability shown by some of the other majors today. Once again, the euro is showing a degree of weakness in forex trading, as is the pound. The yen, however, is higher against the US dollar today as a measure of risk aversion makes an appearance.

A lot of what is helping the US dollar to

The South Korean won climbed today as nation’s manufacturer confidence jumped to the nine-month high and hopes for growth of the US economy boosted prospects for higher-yielding assets of emerging markets.

The Bank of Korea reported that the index of South Korean manufacturers’ outlook for May climbed to 90 from 85 for April, reaching the highest l