Leading indicator index in Canada added 0.8% last month

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Source: Forexpros
The composite leading index advanced 0.8% last month after 0.9% increase in November. The increase was observed in the 8 out of 10 elements of the index. Manufacturing was the main contributor to the increase in index with rallying automobile sector. Retail sales, employment, real estate market and money supply also added to the increase.


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Tue, 24 Jan 2012 07:32:13 GMT

Aussie and Kiwi extend gains on developments in Europe

New Zealand and Australian Dollars kept appreciating against most of their peers on Tuesday on investor optimism EU finance ministers have come closer to the solution of region's debt crisis amid Greek progress in debt swap agreement. Aussie climbed to $1.0525 while Kiwi surged to $0.8111 on Tuesday trade. Australian Dollar currently might be overpriced, suggest some analysts. Currently AUD/USD

Mon, 23 Jan 2012 16:21:17 GMT

EU approved Iran oil embargo

The EU approved embargo on the Iranian oil as a protest to the Iranian nuclear project. The sanctions imply immediate ban on all the new oil contracts from the country, freeze of the assets of the Iran's central bank and total ban on the precious metals trade with the country's bank. Iran continues to deny that it is developing nuclear

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