The dollar was slightly more volatile over the past week than usual, and the explanations for this have been getting trickier by the day. As for this week, forex traders are advised to take positions on trades, as a string of data releases coming out of U.S., Europe and Japan are likely to affect the greenback's main currency crosses.[caption id="attachment_1804" align="alignright" width="293" caption="Heavy News Week A Head"][/caption]
The Dollar underwent a volatile trading week against the major currencies. The EUR/USD was traded between ... ( read more )
Archive for August, 2009
August 31, 2009 - Daily Forex Tips – The Japanese Election to Boost ...
As this week begins, the Yen continues to strengthen against all the major currencies. In addition to the Yen's bullishness, it appears that the elections in Japan, in which the Democratic Party of Japan won, have also supported the JPY, and it continues to be the most profitable currency.[caption id="attachment_1809" align="alignright" width="293" caption="Daily Forex Tips"][/caption]
Another developing trend is the recovery of Crude Oil. Since the Dollar began dropping against the EUR, oil has risen further and further. Currently traded ar... ( read more )
August 28, 2009 - Daily Forex Tips – August 28th 2009
Three factors have helped generate yesterday's late trading behavior, primarily the sudden drop in the value of the Dollar. Thin trading helped push volatility to intraday highs which made the USD drop more than anticipated. End of month trading also has many investors shifting their positions in expectation of the month's account settlements. And a boost in risk appetite has helped depress the greenback as investors buy into riskier assets.[caption id="attachment_1818" align="alignright" width="128" caption="Daily Forex Tips"][/caption]
The... ( read more )
August 27, 2009 - Traders Will Focus on the US Unemployment Claims Today
The U.S dollar gained ground Wednesday against the EUR and the British pound, after strong data on orders for new U.S.-made durable goods and new home sales comforted expectations of an improvement in the economy. The greenback traded higher after the durable-goods orders report said orders for July rose by 4.9%, the largest increase in 2 years. Investors will be watching for the new U.S. jobs report today before making significant moves. [caption id="attachment_1804" align="alignright" width="293" caption="Today Traders Focus on the U.S Unempl... ( read more )
August 27, 2009 - Daily Forex Tips – August 27th 2009
Yesterday the Yen experienced one of its most bullish days in recent weeks. The JPY made significant gains against many of its most traded currency pairs, such as the GBP, and EUR.[caption id="attachment_1809" align="alignright" width="293" caption="Daily Forex Tips"][/caption]
The price of Crude Oil fell 1.4% or $1.00 to $71.20 yesterday, extending heavy losses from the previous session as rising stockpiles of U.S. crude outweighed positive economic data. Today, the crude oil is set to be in the spotlight again with important publications d... ( read more )