Day: December 28, 2009

December 28
2009

Dollar Rises Before Confidence Report

The U.S. currency reverted a negative trend versus the euro before a consumer confidence report to be published tomorrow, which is likely to indicate improving conditions, raised attractiveness for the greenback in foreign-exchange markets. After losing for several consecutive days versus the euro and the yen, the dollar rebounded today in a rather calm trading session as liquidity declines in this period between Christmas and the New Year. Reports tomorrow are likely to improve confidence towards […]

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December 28
2009

Brazil’s Real Advances on Transactions, Risk Appetite

The Brazilian currency is ending the year of 2009 as the best performing currency in foreign-exchange markets and advanced versus most of the majors as large sums of foreign currency were sold in local markets today, consequently appreciating the real. After a single transaction of more than $200 million was effectuated in Brazil’s currency market, the real advanced versus all of 16 main traded currencies, and is likely to end the year as the best performing currency in foreign-exchange […]

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December 28
2009

Yen Falls on Japanese Risk Appetite

The Japanese currency lost versus most of the 16 main traded currencies this Monday after a report published this morning in Japan indicated a higher monthly industrial production, damping demand for refuge currencies like the yen, and the Swiss franc. In a rather calm trading day as the U.K. and Canada have bank holidays, the yen fell versus all 6 majors, after reports in Japan decreased risk aversion and consequently appeal for the yen, the safest […]

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December 28
2009

Your Forecast for 2010 Market Situation

The year 2009 comes to an end. The overall market behavior was quite surprising to the majority of the Forex traders as the dollar traded in a very unpredictable manner — rising and falling and then again rising with a high level of volatility. Many analysts issue their forecasts regarding the next year, 2010. In the next few days I’ll also post my own forecast regarding the currencies, the interest rates, the gold and the oil (Update: it’s already out; you […]

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