Pound Jumps on U.S. Bank Rescue Plan
March 24, 2009 8:12 am by Dan EduardThe Pound made very impressive gains in yesterday's trading, as the U.S. Treasury Secretary Timothy Geithner unveiled an impressive and detailed banking plan to rescue U.S. banks, and uplift the U.S. housing sector. This led to the biggest rally on ...
Dollar Moves on U.S. Banking Plan
March 24, 2009 8:05 am by Dan EduardThe Dollar recorded a volatile trading session as the U.S. Treasury Secretary Timothy Geithner unveiled plans for a public-private partnership to buy the toxic debts of U.S. banks. In effect, Geithner's speech led to a rally on Wall Street that ...
USD Strength Not Likely to Return this Week
March 23, 2009 6:27 am by Greg HoldenLast week's decision by the Federal Reserve to buy up U.S. Treasury securities has generated one significant result: an across-the-board sell-off of the USD. Jumping an unprecedented 334 points against the EUR directly following the announcement last Wednesday, the Dollar ...
EUR and GBP Strength Ahead – Week of 23 March
March 23, 2009 5:09 am by Russell GlaserEUR The EUR saw the sharpest appreciation against the Dollar in more than 3 months this past week as a new plan from the U.S. Federal Reserve Bank sparked selling of the Dollar across the board. On Wednesday, Ben Bernanke announced ...
USD Weakness Explained
March 18, 2009 6:40 pm by Greg HoldenMany traders fall error to the belief that their trading strategy is fool-proof. Anyone watching the value of the USD these past few weeks would no doubt fall victim to this fallacy by going long on the greenback in expectations ...
JPY Tumbles on Japanese Banking Plan
March 18, 2009 8:00 am by Dan EduardThe JPY tumbled on Tuesday against most of its main currency counterparts on renewed plans for a Japanese banking stimulus and U.S. housing data. Firstly, U.S. housing data showed better-than-expected results. This led to a drop in demand for safe-haven ...
Dollar Moves on U.S. Housing Market Data
March 18, 2009 8:00 am by Dan EduardThe Dollar recorded a volatile trading session on Tuesday after U.S. data showed that the construction of new houses increased by an unexpected 22%. In some cases in Dollar trading, this positive news went against the greenback, as many investors ...
EUR Climbs Against Dollar
March 18, 2009 12:13 am by Dan EduardThe EUR climbed against the Dollar on positive Euro-Zone figures, and a rally on Wall Street. German ZEW Economic Sentiment was better than expected at -3.5. The Euro-Zone recorded better-than-expected ZEW Economic Sentiment figures of -6.5 too. Both of these ...
JPY Slides on Poor GDP Data and Stock Market Rally
March 13, 2009 11:50 am by Dan EduardThe JPY slid in Thursday's trading owing to 2 factors. First, the recent publication of Japan's poor GDP figures showing that her economy shrunk by 3.2% in the 4th quarter of 2008, the sharpest fall since 1974. The second factor ...
EUR Gains against Major Currencies
March 13, 2009 11:44 am by Greg HoldenThe EUR made notable gains against all of its major currency pairs in Thursday's trading. This comes about as the stock markets of the Euro-Zone made similar gains, much inspired by the rally on Wall Street.
