Looking back at the Forex Market that was 2008
December 31, 2008 8:19 pm by Russell Glaser2008 turned out to be a turbulent year that rocked the currency markets. A financial storm erupted in the 3rd quarter, and with it brought some changes and some similarities from years past. The Dollar showed once again that it ...
Top Currency Pair of 2008
December 31, 2008 12:13 pm by Greg HoldenIt is customary for our ForexYard analysts to come together around this time and discuss which currency pair was the most interesting to watch throughout the year. It was a tight race between the EUR/USD and the EUR/GBP this year ...
Chinese Yuan vs. the USD
December 23, 2008 2:07 pm by AylonFor the past decade, China has been the world's fastest-growing economy producing virtually everything from toys and clothing to the most advanced microelectronics. During the same period, China pegged its currency to the U.S. dollar, in an attempt to encourage ...
Canadian Dollar’s Bullishness Expected to Continue
December 23, 2008 1:59 pm by Greg HoldenThe prospect of the Canadian Dollar going bullish into 2009 is supported by a domestic economy that appears stronger than its peers. Earlier last week, the Canadian Dollar rose to 1.1800 versus the USD, its highest level since November 12, ...
China Cuts Interest Rates
December 22, 2008 6:39 pm by Natalie R.China cut her Interest Rates for the 5th time in 3 months today. The Interest Rates of the world's fourth-largest economy now stand at 5.31%, a cut of 27 basis points. This came about as China's economy continues to suffer ...
Crude Oil Tumbles Below the $40 Psychological Barrier
December 22, 2008 5:38 pm by Greg HoldenOil prices slumped more than $4 by the end of last night's trading to close at $39.92 a barrel. The slide comes just after the Organization of the Petroleum Exporting Countries (OPEC) agreed to cut the supply of Oil by ...
Why the Dollar Dropped
December 19, 2008 7:02 pm by Russell GlaserNow that the Dollar has come back down to earth from its run up during the beginning of the financial crisis, traders can begin to digest the situation that lays ahead for the EUR/USD. The pair had experienced high price ...
Forex Trading Japan: Economy May Shrink by 0.8% in 2009
December 19, 2008 1:22 pm by Natalie R.Japan's Economic and Fiscal Policy Minister Kaoru Yosano said that the county's economy may shrink by as much as 0.8% if economic woes continue at the current pace. According to Yosano, the only way to tackle the recession is by ...
The Power of the Euro
December 19, 2008 12:07 pm by Greg HoldenStarting less than two weeks ago, the Euro began a steady climb with the hopes of regaining its summer strength. With those hopes being close to realized one can't help but wonder where this sudden momentum came from.
Recession in Europe
December 19, 2008 11:41 am by AylonGermany’s economy, Europe’s largest; fell into recession in the 3rd quarter after a global credit crunch and the EUR’s gain to a record against the EUR and USD stifled foreign demand. Gross Domestic Product (GDP) declined a seasonally adjusted 0.5% ...
