Today may be one of the more volatile trading days this month. The Euro-Zone will release its recent decision regarding regional interest rates, and Britain, Australia, and the US will each publish a number of important data regarding trade balances, unemployment figures, and inflation. Traders do not want to miss out on these events.[caption id="attachment_1809" align="alignright" width="293" caption="Daily Forex Tips"][/caption]
Gold prices experienced a strong upward spike yesterday at the opening of US markets, as the greenback faced a m... ( read more )
Archive for September, 2009
September 2, 2009 - The USD Goes Up As Equities Fall
The greenback firmed on Tuesday as share prices fell, prompting investors to shed perceived riskier currencies. Despite better than expected numbers from the Institute for Supply Management, shares on Wall Street showed only muted enthusiasm to the data and quickly lost ground, lifting the U.S dollar, which has tended to be used as a safe haven against losses in equities. Ahead of the U.S. jobs data later today, traders said players were anxious about any negative surprises. As the market has become less sensitive to positive surprises from the... ( read more )
September 2, 2009 - Daily Forex Tips – September 2nd 2009
The Japanese Yen experienced one of its most bullish trading days in recent weeks on Tuesday. The JPY made significant gains against many of its most traded currency pairs, such as the GBP, and EUR.[caption id="attachment_1818" align="alignright" width="128" caption="Daily Forex Tips"][/caption]
The price of crude oil fell 3% to $68.20 yesterday, extending hefty losses from the previous session as economic concerns sent investors into safer havens, outweighing positive U.S. manufacturing and home sales data. Today, the crude oil is set to be... ( read more )
September 1, 2009 - The Greenback Trades Lower on Market Optimism
There were more signs that the U.S. economy was improving, as a string of positive data was released yesterday from the U.S. the most significant was the Chicago PMI, which printed higher-than- expected figures in the month of August. This indicator is a primary gauge of manufacturing sector, acting as the main driver of the U.S. economy. On top of this good news, a rise in demand for U.S. goods from abroad is also likely to help boost the U.S. economy in the coming months. [caption id="attachment_1822" align="alignright" width="128" caption="T... ( read more )