In Tuesday's trading both the EUR and GBP were amongst the biggest gainers, whilst the Yen and Crude Oil were the biggest losers.
The EUR rose dramatically against its major currency pairs, mainly due to positive data from both the U.S. and Euro-Zone. The GBP seemed to benefit from the bank holiday in Britain.[caption id="attachment_1809" align="alignright" width="293" caption="Daily Forex Tips"][/caption]
Crude Oil declined, as the global equities slump led by China was sparked by concerns that the slowdown in stimulus spending in the 2... ( read more )
Posts Tagged with ‘Daily Forex Tips’
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 - 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 )
August 26, 2009 - Daily Forex Tips – August 26th 2009
Will Crude Oil Drop Below $70 a Barrel?
During yesterday's trading, Crude Oil dropped to $71.20 a barrel. This was largely due to the recovering Dollar. The Dollar recovery took place after a better-than-expected Consumer Confidence in the U.S. which showed that Americans consumers are regaining faith that their financial condition is likely to improve during the next few months. If the Dollar will continue to strengthen today, it could turn Crude Oil to drop below $70 a barrel.[caption id="attachment_1809" align="alignright" width="293" cap... ( read more )