The Dollar and the Yen, the two strongest currencies of last week's trading session, are likely to be shaken this week, as interest rates announcement from both the U.S. and Japan are expected. Any manipulation of rates by any of the two is likely to have a massive impact on the market. This could provide unique opportunities for high profits, and traders should use this extraordinary week in order to boost profits.
The Dollar rose significantly against the major currencies during last week's session. The Dollar corrected some of its losses ... ( read more )
Posts Tagged with ‘curency’
January 21, 2010 - The USD Trades Higher As Equity Markets Declines
American and European stocks traded lower this week due to risk aversion among traders, and this has helped support the Dollar's resurgence. With a EUR-heavy news day ahead of us, the USD may take a back-seat during the morning hours. A slew of positive releases from the Euro-Zone could allow us to see a rebound in a few of the major pairs. On the other hand, if Europe's data falls short of expectations, traders should anticipate a continuation of the bullish run in the USD.
The U.S. Dollar continues to climb against its rivals as risk avers... ( read more )
June 29, 2009 - US Open Update: The Greenback Losses Strength on All Fro...
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The USD witnessed a steady depreciation against most of its major currency counterparts during the morning trading session. The Dollar is currently trading lower against the GBP by nearly 90 pips at 1.6570. It is also trading lower against the EUR and JPY, as investors remain wary of making big bets in favor of the Dollar these days.
Crude Oil Prices have been steadily recovering from a plunge during the early trading hours when prices reached a low of $68.50 a barrel, slowly reaching back to the $70 level. However, as was evidenced in the p... ( read more )
May 26, 2009 - Are We Seeing A USD Rally in The Making?
Traders witnessed one of the first vital pieces of information from the Euro-Zone which actually put a dent in the plans of the EUR. The German Ifo Business Climate report failed to meet expectations and slightly lowered investor confidence in the 16-nation currency. As a result, traders may indeed see a reversal in the making for the EUR/USD unless today's news puts a halt to the correction. Sticking close to the calendar today and betting on news releases would be a wise move for the weary trader today as the movements of the forex market are... ( read more )
December 19, 2008 - USD Sharply Recovers against the GBP and EUR
The U.S. currency experienced heavy volatility throughout yesterday's trading session, and recovered some ground against the EUR after the U.S. markets opened. This was after a sharp decline in the Dollar since the start of the week, which saw a reduction in value of the greenback to as low as the 1.4716 mark reached yesterday. Against the JPY, the greenback also showed some recovery after the Japanese currency reached a 13-year high against the USD on Wednesday. The USD also recovered against the GBP yesterday, as the greenback increased nearl... ( read more )