Day: November 26, 2007

November 26
2007

Canada Confirms Dollar Too Overvalued

Canadian Prime Minister, Stephen Harper, confirmed yesterday that his vision of latest CAD’s fast and strong appreciation against USD coincides with the opinion stated by Canada’s Financial Minister Jim Flaherty. The surprisingly high strengthening of Canadian currency bears highly speculative nature and is essentially harmful to the Canada’s economy. Canada already felt the effect of its currency appreciation as the retail sales and factory orders showed  a worse than expected […]

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November 26
2007

Future of Carry Trade – U.S. Dollar

U.S. dollar is likely to replace Japanese yen on the carry trade arena as the short currency. According to the currency pairs yield analysis, Great Britain pound, Brazilian real and Hungarian forint combined made over 17% against dollar this year, while buying those currencies against yen yielded only 9%. Anticipated recession in U.S. is one of the reasons fueling dollars decline. Federal Reserve had to cut rates […]

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November 26
2007

Free Forex Webinar

Today I’ve “attended” a Forex trading webinar by http://www.fxinstructor.com. FXOpen informed me via the MetaTrader 4 mail message that FX Instructor will be holding a free technical analysis on-line lessons on November 26th. The webinar lasted through Asian, European and New York sessions with two hour and a half breaks. The communication via hotCam software went smooth and interactive. There was a chat window, where everyone could […]

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