Archive for August, 2009

Canadian Stocks Climb as Suncor, Teck Gain With Commodities

Canadian stocks rose for a fourth day, led by commodity producers, as economic-growth reports from Germany and France and a bigger-than-forecast jump in U.S. home sales fueled speculation the global recession is easing. Suncor Energy

U.S. Existing Home Sales Jump to Highest Level in Two Years

Sales of existing U.S. homes jumped more than forecast in July to the highest level in almost two years, signaling the housing crisis that crippled the world’s largest economy is easing. Purchases climbed 7.2 percent

GBP/USD remains strong despite sentiment downturn

Despite risk aversion rally, GBP/USD remains the strongest currency across the board holding comfortable above 1.6500/1.6520 area. Still in an upside trend, pair has remained bullish since past Mach; consolidating in a 600 pips range