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Day: December 4, 2009
December 42009
Dollar Posts Weekly Decline as Risk Surged
The U.S. currency is set to another weekly devaluation versus the euro and most high-yielding currencies as risk appetite remained strong during most of this week’s session, forcing the dollar down as investors attempt to reach higher profits overseas. The greenback remained unattractive this Friday before a report that is likely to show that jobs decreased at the slowest pace in more than a year in the United States, indicating an eventual shift in employment […]
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December 42009
Australian Dollar Rebounds Before U.S. Jobs Data
After declining considerably yesterday versus the greenback, the Aussie dollar recovered today and is heading towards another weekly gain versus its U.S. counterpart as a report is likely to post favorable employment figures in the world’s largest energy consumer, raising demand for commodity linked currencies. The Australian dollar pared some of yesterday losses versus the U.S. currency and is still positive in the weekly comparison versus the greenback as it benefited from […]
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December 42009
Spike on EUR/USD as ECB Strengthens Euro
EUR/USD showed a high bullish spike today on Forex after bouncing off the 1.5140 technical resistance level. The currency pair was influenced by the set of fundamental events, among which the ECB monetary policy statement wasn’t the least. The Eurozone regulator decided to tighten the money giveaway by scaling down the emergency measures that are provided since the beginning of the global financial crisis. EUR/USD is now trading near 1.5060. Initial jobless […]
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December 42009
Ultra-Surprise in Nonfarm Payrolls Pushes EUR/USD Down
EUR/USD is currently showing the biggest daily drop since March 27 this year as the nonfarm payrolls report positively surprised the dollar bulls, giving a lot of confidence in the U.S. currency. The higher dollar sent the commodity and equity markets in the red zone despite the promising fundamental conditions. EUR/USD is now trading near 1.4833 after reaching as high as 1.5090 intraday. Nonfarm payrolls were reported at -11k in November, following -111k […]
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December 42009
Less Liquidity Stronger Euro. Or Not?
The single European currency tried to break the latest resistance level, set 8 days ago, as the future of the macroeconomic conditions around the euro were revised after Jean-Claude Trichet‘s statement today. But, unfortunately for the euro, the growth wasn’t long lived. Although the economical recovery, outlined by the European Central Bank President, isn’t equal throughout the Eurozone, the banker decided to reduce some of the financial operations used to aid the region. The ECB meeting also […]
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