The U.S Dollar Slips after Fed Decision
November 4, 2009 11:22 pm by Natalie R.The USD lost some ground against major counterparts Wednesday after the Federal Reserve left Interest Rates unchanged and made only slight changes to its monetary statement. The greenback slid 0.9% to $1.4860 per EUR from $1.4724 yesterday.
US Advanced GDP on Tap
October 29, 2009 9:46 am by Anton EljwizatThe JPY traded near its highest level in two weeks against the EUR amid signs the global economic recovery is losing steam, dampening demand for higher-yielding assets.
Norway to Raise Interest Rates; Kroner Due for Upward Correction
October 27, 2009 2:26 pm by Greg HoldenIt appears Norway is preparing to be the first European country to raise its benchmark interest rates during its rate statement announcement tomorrow morning. With rising oil prices assisting with the Norwegian economic recovery, Norway was able to emerge from ...
USD Down on Beijing Reserve Currency Comments
October 26, 2009 2:59 pm by Greg HoldenThe US Dollar continued its downward trend against the majors this morning as a report from Beijing added selling pressure to the greenback. China has announced its intention to increase its Euro and Yen reserve holdings, which convinced many investors ...
NZD Looks Stronger Than Ever!
September 23, 2009 3:29 pm by Yan PettersThe weekly NZD/USD chart is leaving no room for misunderstandings – the kiwi is advancing more than any other major currency. After appreciating more than 2,000 pips, can the NZD soar any further?
Crude Oil Inventories Expectations
August 26, 2009 10:15 am by Natalie R.The Energy Information Administration (EIA) is due to release its closely watched report on oil inventories today at 14:30 GMT, with analysts expecting a drop of 2.7 million barrels in crude inventories in the week ended Aug. 21.
GBP/CAD Provides Bullish Signals
August 25, 2009 10:15 am by Anton EljwizatThe GBP/CAD has witnessed a sustained downward movement for many days now. This movement has pushed the price into levels which indicate that the reversal might be happened in the near future. As I will demonstrate below, the GBP/CAD pair ...
