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Exchange rate and employment

While considerable extent lessening foreign demand for Canadian products, domestic consumption gradually recovered thanks to flourishing oil sector, which provides most jobs for residents of Alberta province. The improvement in growth in employment has expanded into the economy, when 54.9 thousand new jobs added in March were the result of an acceleration scale employment services sector.

However, it led slowdown in wage level increase, from -2.8% to -2.2%, for new employees not employed in the oil-rich areas, where shortage of labor brought jump in wages, but the services sector. Nevertheless, the increase in the labor market began to toll the entire economy, as retail sales (excluding automobiles) rose in January by 0.3%, after jumping by 1.9% in December. In addition, Ivey purchasing managers index rose to -67.3 when the business reported an improvement not only in the scope of employment, but also profitability. Furthermore, the leading economic index of the country rose by 0.7% – biggest rise since June 2004 – when the optimistic mood led up the stock market, the volume of new orders of durable products, sales of furniture.

On the other hand, the Canadian labor market movement towards the service sector comes at the expense of the manufacturing sector. Although this natural development we witnessed even in Britain and Europe – most extensively in the United States – but Canada is still considered a central component in the production sector of the economy because of the importance of export activity. In fact, the moderation in GDP growth, which was in January of 0.1% – the slowest pace recorded in the past four months – was primarily the result of the slowdown in output of manufacturing sector, fell by 1% despite improved trade Ivey Purchasing Managers Index. In general, In light of the weak data would follow the Bank of Canada concern for the negative impact that might be slowing manufacturing sector on economic expansion.

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Canadian Dollar Forecast:

According to the exchane rate calculator team – the Canadian dollar went into the second quarter in a position of strength against the U.S. dollar, but additional hard-won power in early February came after the U.S. dollar / Canadian dollar high of 1.1875. If time was the local currency’s strength and pride of Canadians, it is now a burden on the economy.

Being a major trading partner of the United States, the appreciation in value of Canadian dollar against the U.S. dollar was undoing the increase in exports. Moreover, during the first quarter showed weakening the correlation between crude oil prices and the value of the Canadian dollar, despite the fact that oil production is a component of the Canadian Home Economics. In the second quarter, several key factors will determine the future of the Canadian dollar, including the export trade, domestic economic growth, the trend of commodity prices and stability in American demand.

Export trade remains the engine of economic growth – but for how long?

For four years, the boom in trade was dictated by the cause of oil price fluctuation of the Canadian dollar. However, this boom ended in 2006, when oil prices rose a record 78.40 dollars a barrel. In mid-January, 2007, oil prices have dropped below $ 50 a barrel, before recovering slightly in February. The decline in commodity prices caused offsetting current account surplus, from 5 billion Canadian dollars to 3 billion Canadian for the fourth quarter, dragged down with it the Canadian dollar. Recently, however, the monthly estimates of trade are slightly more encouraging, when based on a calculation of the January balance of goods and services jumped recovered to -6.35 billion Canadian dollars.

Previous weakness of the Canadian dollar played a major role in the turn occurred at the Canadian economy, which followed the Canadian dollar rose against the U.S. dollar low of 1.1875 to the gate of 1.1501. But the renewed strengthening of the currency may stand undoing economy. If the Canadian dollar will continue to grow during the second quarter rate of the first quarter, the main trade partner of the country – United States – may reduce the extent of purchases of Canadian products that undermine the stability of the entire economy. Moreover, if commodity prices continue to moderate, it will bring about the erosion of goods exported erosion of Canada’s balance of trade.

Exchange rate calculator – Canada:

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Recent U.S macro data:
U.S. macro data indicating continued slow and steady recovery of the American economy. According to the data show that U.S. personal spending rose 0.5% in November, compared with an increase of 0.7% in October. Private income received regarding an increase of 0.4% in November as against an increase of 0.2 in October. Rate of change of income was the highest since May this year. If we take into consideration that the exchane rate calculator shows a steady Euro and Candian dollar, this data is not surprising.

Given new homes sales in November will be published today. According to sales figures expected to rise to record that might support the rise of the dollar. Analysts forecast is that the number of new houses in November will be about 440,000 as against 400,000 the previous month.

Exchange rate calculator currency update:

Exchange rate calculator data points that Trading currencies on Wednesday was characterized by a change in trend of recent months as the dollar slightly down against the amended European currency and against Japanese Yen. In contrast, the dollar had strengthened slightly against the shekel.

When determining by the exchange rate calculator, macro data published today on the private income of private expenditure in the U.S., many of which did not affect the trend of world trade continued trading dollar falls slightly against the euro, after reaching a peak of three months.

The euro, which feeds on positive data indicating that European economic recovery is on track faster than expected recession early exit, slightly stronger against the dollar today traded around the level of 1.427 euro to the dollar, up 0.2%

The wine arrived yesterday with a peak rate of 8 weeks when he was traded at the level of 91.87 dollar wine. the exchange rate calculator points that this weakened dollar is traded at approximately -0.15% at a level of 91.7 Yen to the dollar. It should be noted that Japan’s capital markets are closed today for trading on the occasion of ‘Christmas emperor.

This morning, Asian stock markets closed increases. Shanghai recovered slightly sharp falls recorded yesterday, adding 0.76%. Hhang Sang traded closed slight rise of more than 1%.

Recent Market data:

exchange rate calculator team thinks, dollar might rise against the Euro in near future.

Marc Faber says the paper’s publisher “Gloom Boom & Doom”.

Stocks and the dollar will rise together, they make their relationship began in March and ended in November.

“Dollar sentiment was extremely negative during the next three months, the other pairs are in a better rate on assessed against the euro – 5-10 percent and later we see what happens,” adds Marc Faber.

Important data are expected for today:

At 09:00 UK house prices index.

At 15:30 in the U.S., the new unemployment seekers.

Pound / Dollar

Following yesterday given a positive because house prices in Britain, a pair of pound / dollar made a strong move ups and broke the high number of Fifsim Tuesday. The duo closed just above the average 200.

Beginning of the trading day a pair of pound / dollar made a deceptive move to the lowest price reached 1.5829, and the duo broke up very strong for me and came to the high price of 1.6093.

While trading in Asia and the pair did not change significantly.

Belts Bolingr expanded when the price went back inside the top line, the Aindikator – RSI condition of selling the rest.

The trend now is parent, you should wait until the new year ahead of me available transactions.

Support 3: 1.5700

Support 2: 1.5772

Support 1: 1.5864

Objection 1: 1.6093

Objection 2: 1.6145

Objection 3: 1.6227

Euro / dollar

All data is retrieved from our exchange rate calculator.

Pair euro / dollar made a move yesterday frenetic and undefined. The duo reached the highest price dropped 1.4362 to 1.4270 and climbed up to the 1.4360, the pair closed graph as above average just 200. The duo are repairing a 50% Fibonacci move falls began Tuesday and ended Wednesday.

While trading in Asia in the early morning the pair rose slightly, closing above the highest number of Fifsim Wed

Belts Bolingr graph as average while the price is at the bottom of their Aindikator the – RSI in purchasing.

The trend now is neutral, you should wait until the new year ahead of me available transactions.

Support 3: 1.4300

Support 2: 1.4332

Support 1: 1.4361

Objection 1: 1.4410

Objection 2: 1.4500

Objection 3: 1.4573

Dollar / Shekel

Yesterday the dollar pair made a move considered misleading, as the pair jumped to commercial high price of 3.8070, but the strong opposition that led the price decline to low cost pair until 3.7824.

While writing this review an average price shuffling around a simple graph 200 an hour.

Bolingr greasy strips when the price is very close to the center, the Aindikator – RSI in purchasing.

As you can see by the exchange rate calculator – the trend now is still neutral.

Support 3: 3.7700

Support 2: 3.7746

Support 1: 3.7819

Objection 1: 3.7966

Objection 2: 3.8000

Objection 3: 3.8037

* Operations and transactions are included in this report are for information only, and in no way is seen as a bid or purchase counseling and / or sale of currency, index, stock merchandise and / or any other property described in the report. Analysis is provided for information published to the general public and other information, including information published by the company married to this report, which included Forex guess who is trusted, and that, without independent testing carried out to determine reliable information. Foreign currency exchange, commodities, indices and metals involves great risk and is not suitable for everyone. Writers can have a personal interest in the financial assets mentioned in this review. It said not to bid or purchase counseling and / or sale and / or possession of securities. The writers are not licensed or portfolio management consulting.
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