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Day: December 27, 2007
December 272007
EUR/USD Rallies Despite of Holidays
Despite the holidays period has already came to the U.S. and European markets, EUR/USD is rallying up fast for the second day in a row now. And if today there is plenty of fundamental news that can push euro up by almost 100 pips against U.S. dollar, yesterday’s bullish candle has no such reasons. Today, the employment market of U.S. showed that it is suffering because of the subprime lending […]
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December 272007
EUR/USD to Correct in 2008
The median U.S. dollar gain versus euro, estimated by the foreign exchange market experts for the next year, is 3.5%. The dollar is believed to gain strength in 2008 after two years of a pretty fast decline and hitting the historical minimums against several major world currencies. Surveyed by Bloomberg News, 42 currency analysts estimate […]
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