Day: December 21, 2009

December 21
2009

Emerging Market Currencies to Decline in 2010

As the market sentiment has shifted towards the end of this year’s trading session, emerging market currencies like the Brazilian real and the South African rand, which ranked among the top performers in currency markets, may witness a decline in 2010 versus wealthy nations’ currecies in process of economic recovery. Since the U.S. economy has produced optimistic reports earlier this month, higher-yielding possibilities available in emerging markets are not as attractive […]

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December 21
2009

Yen Down on U.S. Optimism

The Japanese currency started the week losing versus the greenback as the U.S. economy recovers, reiterating speculations that Fed stimulus may be lifted in a foreseeable future. The yen lost today specially versus the dollar and the Swiss franc as fundamental factors in both nations produced capital inflows to the U.S. and Switzerland, leaving a less attractive Japanese currency behind, as the Asian’s nation moneraty policy remains as the less welcoming for traders searching refuge investments. USD/JPY […]

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December 21
2009

South African Rand Down as Greenback Appeal Rises

The South African rand continued a decline that set it to the lowest rate in almost two months as a greenback rebound is decreasing attractiveness for high-yielding emergent market currencies. The dollar’s losing trend that was predominant during most of this year’s quarters favored traders chasing high-yieding options in emergent markets often funded by low borrowing costs in the U.S., providing conditions for the so called carry-traders to become extremely popular among […]

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December 21
2009

Canadian Dollar Bullish on Commodities, Retail Sales

The Canadian dollar extended its last Friday advance and gained versus the euro and the Australian dollar as stocks in North America rose, evidencing the loonie’s correlation with equities and commodities markets, which also climbed today as demand for metals surged. Favorable reports today in Canada pushed the loonie up in currency markets as retail sales in the country advanced for another month, even if less than forecasts estimated, helping the Canadian dollar to rank […]

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December 21
2009

Dollar Remains Strong on Economic Outlook, Euro Concerns

The U.S. dollar started this week trading near a three-month high versus the European common currency as optimism regarding the improving economic conditions in North America maintained the greenback at high levels versus most of the 6 main traded currencies. The dollar continued strong this Monday insisting on a winning trend that started in the end of November when the U.S. currency touched the lowest level in 2009, as positive reports in North America provided grounds […]

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December 21
2009

Short-Term Pullbacks of the Long-Term Trends — New Strategy

The new Forex trading strategy that was added to my site today is the Combined Stochastic Oscillator/MA strategy, which is based on of the Forex videos that I’ve seen recently. The basic principle of this this strategy is rather simple. You have a long-term trend confirmed with the triple moving averages (exponential) and you have a short term overbought/oversold situation, confirmed with the stochastic oscillator. The good about this strategy […]

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