Bernanke Speech to Impact Dollar
March 10, 2009 1:29 pm by AylonThe Dollar is likely to go volatile during and following the speech by the U.S. Federal Reserve Chairman Ben Bernanke today at 13:30 GMT. Meanwhile, forex traders are advised to take positions on trades, as a string of data releases ...
Crude Oil Hits $46.50 a Barrel
March 9, 2009 11:36 am by AylonThe biggest development last week was that Crude Oil rose to over $46.50 a barrel for the first time in nearly 2 months. There are two main factors that supported Oil prices last week. Firstly, OPEC recently announced that the ...
EUR Set for Another Volatile Trading Week
March 9, 2009 11:35 am by AylonThe EUR underwent a volatile trading week, seeing mixed results against the major currencies. On one hand, the EUR rose 200 pips against the Dollar to close Friday's trading session. However, on the other hand it did not manage to ...
Dollar Volatility to Continue as Banking Crisis Returns to the Forefront
March 9, 2009 11:33 am by AylonThe Dollar is set to be the dominant currency in the forex market this week, as the banking crisis returns to the forefront. The banking share slump and the bullish Oil prices may hurt the Dollar this week, as traders ...
European Currencies Pricing in Expected Rate Cuts
March 4, 2009 1:03 pm by AylonThe EUR has faced a rough week thus far. Currently losing against every major currency rival, the EUR may in fact be pricing in tomorrow's expected rate cut by the European Central Bank (ECB). Declining to 1.2525 against the USD ...
Equity Losses Fuel USD Appreciation
March 4, 2009 1:02 pm by AylonSlumping equity markets continue to put pressure on higher yielding currencies and in turn are boosting the Dollar. The Dow Jones Industrial Average posted another losing day yesterday. Falling equity markets are influencing the forex market by reducing risk appetite. ...
Crude Oil Surges on Renewed Supply Cut Fears
February 27, 2009 12:27 pm by AylonCrude Oil experienced a sharp rise in prices yesterday as the Organization of Oil exporting Countries (OPEC) signaled it may be ready to make more supply cuts in the future. The price of Crude Oil jumped close to 5% yesterday ...
GBP Moves on British Bank Bailout
February 27, 2009 12:21 pm by AylonThe GBP appears to have offered some stability in Thursday's trading. This comes about as Britain announces its most recent banking bailout. Yesterday, the British government unveiled a plan to protect banks from future losses related to bad debt. The ...
U.S. Budget Deficit Set to Hurt the Dollar
February 27, 2009 12:19 pm by AylonPresident Barack Obama's announcement that the budget deficit is set to hit $1.75 trillion or 12% of GDP is likely to lead to a bearish Dollar in the medium-long term. Meanwhile, forex traders are advised to follow constant daily developments ...
Yen Declines against Dollar and EUR
February 24, 2009 11:37 am by AylonThe Yen recorded losses against all of its major currency crosses in yesterdays trading. This came about for several reasons. Primarily among them is that Japan's economy continues to decline at an alarming rate as the global recession continues to ...
