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Day: November 25, 2009
November 252009
Dollar Down as Fed Remains Silent on Decline
The dollar had another severe fall today declining to the lowest level in 2009 versus the euro as the Federal Reserve has not yet made any statements against the current decline for the nation’s currency, setting the greenback to a new bottom that may be extended further towards the end of the year. The influential Federal Open Market Committee meeting minutes held this month were published today, in which no concerns regarding the dollar’s […]
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November 252009
Australian Dollar Rises on Official Comments
The Australian dollar had a sharp rally today versus most of the 16 main traded currencies after a government official made positive comments regarding the future outlook of the Australian economy, creating speculations that interest rates will be hiked further in the South Pacific nation. After the Reserve Bank of Australia Deputy Governor Ric Battellino affirmed on a statement that the Australian economy entered a “new uprising”, stocks in the nation jumped, attracting […]
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November 252009
USD/JPY Pull-Back from Support Trade
My last shared trade turned out to be losing one. Oh well, such things happen in Forex trading. But, anyway, today I’d like to share another trade with you. It’s a pull-back trade on USD/JPY, which is based mostly on fundamental analysis. In my opinion (confirmed by the pull-back that happened on October 9), the Bank of Japan is very uncomfortable with the USD/JPY rate below 88. It will […]
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November 252009
EUR/USD at New Max Since August 2008
The EUR/USD currency pair was highly influenced today by the rather optimistic market indicator releases. Decreased jobless claims, improved housing market and higher personal spending were the prevailing factors that were pushing the euro up against the dollar, which is often suffering during positive U.S. macroeconomic statistic reports. EUR/USD went up to the highest level in more than 15 months today and is currently trading […]
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