Archive for February, 2009
USD/JPY Climbs Back to November 2008 Prices
Posted on26. Feb, 2009 by admin.
The greenback was traded near the highest level against the Japanese Yen since November. This came about from speculation that the U.S. durable goods report may show a decreasing figure, adding to the drop in home sales which boosted the currency’s appeal as a refuge from the global slump. Analysts expect the Dollar to remain [...]
Continue Reading
Dollar Fundamentals May Generate High Volatility Today
Posted on25. Feb, 2009 by admin.
The greenback completed yesterday’s trading session with mixed results versus the major currencies. The USD fell against the EUR yesterday, pushing the oft-traded currency pair to 1.2866. The dollar experienced similar behavior against the CHF as the pair dropped from 116.70 to 115.80 by day’s end. The USD did see some bullishness as well as [...]
Continue Reading
Dollar Rises as Wall Street Tumbles
Posted on24. Feb, 2009 by admin.
The Dollar rose against its main currency pairs in yesterday’s trading while Wall Street recorded some big losses. The Dow Jones dived by a massive 250 points, reaching a 12-year low. This came about after federal authorities released information about the possibility of taking stakes in top U.S. banks. It is important to note that [...]
Continue Reading
Mixed Signals coming from the U.S Economy are affecting the USD
Posted on23. Feb, 2009 by admin.
Last week was an extremely volatile trading session for the greenback. The Dollar first depreciated against most of the major currencies, however just before the week ended, the USD saw bullish trends at all fronts, driving it back to former levels vs. the majors.
One reason that could explain the vexed trading is the contradicting economic [...]
Continue Reading
Dollar Volatility continues as Dow Hits 6-Year Low
Posted on20. Feb, 2009 by admin.
The Dollar recorded another day of volatile trading on Thursday, as the U.S. equity market took a beating. The Dow Jones Industrial Average reached a six year low yesterday. One of the main reasons for this was the U.S. banking shares hitting a 17 year low. The shares of banks, such as Bank of America [...]
Continue Reading
Dollar Jumps on Safe Haven Trading
Posted on19. Feb, 2009 by admin.
After a relatively negative news day, the USD still managed to appreciate against most of its currency counterparts. Analysts have declared a decreased risk appetite and market uncertainty as the culprits. The loss of risk appetite means that most traders are waiting for more steady market conditions before taking a position in higher yielding currencies. [...]
Continue Reading
Greenback Broadly Extends Gains
Posted on18. Feb, 2009 by admin.
The Dollar continued to benefit on Tuesday amid heightened worries about the global economy and investors’ concern that Euro-Zone banks are highly exposed to financial turmoil in Eastern Europe. The greenback was also pushed higher after President Barack Obama signed a $787 billion stimulus bill into law yesterday. The bill passed both houses of Congress [...]
Continue Reading
Dollar Rallies across the Board
Posted on17. Feb, 2009 by admin.
A larger than forecasted drop in Japanese GDP curbed traders’ risk taking yesterday in the forex market. Also hanging over the market was dissatisfaction with the outcome of the G7 meeting and the passage of the U.S. economic stimulus bill. These market events failed to ignite a rally as traders moved into typical safe-haven currencies.
Risk [...]
Continue Reading
U.S. Dollar Sees Strong Recovery after Economic Stimulus Bill is Approved
Posted on16. Feb, 2009 by admin.
The U.S. Dollar opened this week with a dramatic jump in the right direction. Gaining strength against every major currency, except the JPY, the greenback has been benefiting heavily from the passage of last week’s economic stimulus bill, which is due to be signed by President Obama this Tuesday. Closing last week against the EUR [...]
Continue Reading
Will Today’s Retail Sales Data Drive the USD Higher?
Posted on12. Feb, 2009 by admin.
The greenback completed yesterday’s trading session with mixed results versus the major currencies. The U.S. Dollar was little changed against the EUR, with the pair closing at the 1.2950 level, but higher against the GBP in a volatile session which saw the pair closing at the 1.43 level. This came amid signs that the U.S. [...]
