The Dollar Weakens in Year-End Trade
December 31, 2009 3:53 pm by Natalie R.The U.S dollar fell broadly on Thursday versus most major rivals on year-end position adjustment in thin, illiquid trading which prompted exaggerated price movements. Trade was extremely light, with Tokyo and several European countries and many banks on holiday ahead ...
EUR Holds on to Recent Gains Ahead of U.S Jobless Claims
December 24, 2009 1:47 pm by Natalie R.The European currency advanced 0.5% against the U.S dollar, trading above $1.44 on Thursday amid signs the global economy is recovering. EUR gains accelerated after a U.S government report showed sales of New Homes decreased 11% in November, adding to ...
The EUR Recovers from 3 Month Low vs. Dollar
December 18, 2009 10:42 am by Natalie R.The European currency rose against the U.S dollar Friday, ending 3 days of losses on speculation a German report may show business confidence rising to the highest since July 2008. The Ifo institute in Munich is forecasted to say its ...
EUR Gains on Economic Recovery Optimism
November 23, 2009 1:20 pm by Natalie R.The EUR strengthened for the first time in 3 days versus the Japanese yen on speculation the European Central Bank (ECB) will decide as soon as next month to stop some of its emergency stimulus measures. The European currency also ...
The EUR Slowed as it Nears $1.50
October 20, 2009 11:44 am by Natalie R.The European currency nearly touched the psychologically important $1.50 mark in Asia trading on Tuesday as low U.S. Interest Rates prompted market participants to sell the greenback, while firm regional share prices encouraged them to buy the common currency instead. ...
Gold May Gain as Weakening Dollar Increases Demand
October 19, 2009 3:17 pm by Natalie R.Gold, the most precious metal, rose on Monday, building on the gains of the last 2 weeks, as the dollar continued to weaken against the EUR, boosting interest in the metal as an alternative asset.
Euro-Zone Campaign : October 12 2009
October 12, 2009 6:01 pm by Natalie R.The EUR vs. Majors: The EUR made a steady rise during last week against its major counterparts. It climbed up to 1.4764, against the U.S dollar easily breaking the minor resistance line of 1.4720 from last week.
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 ...
