Day: December 31, 2009

December 31
2009

Dollar Gains on Jobless Claims Decline

The U.S. currency rebounded versus the euro before the end of this week’s session as another positive report brought optimism towards the economic outlook in 2010 for the United States. After losing versus the pound, euro, and higher-yielding currencies earlier, today the dollar managed to pare much of its losses as applications for jobless claims declined for another week in the U.S., surprising forecasts, and adding confidence that economic improvements are accelerating in the world’s wealthiest nation. […]

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December 31
2009

Brazil’s Real Ends Year as Best Performer

The Brazilian real finished 2009 as the best performing currency in foreign-exchange markets among 16 main traded currencies, as stocks had the highest rise in 6 year in the South American nation. Brazil’s resilience concerning the global crisis, a wide availability of natural resources and an attractive equities market as well as higher than average interest rates helped the Brazilian currency to beat all other majors in foreign-exchange markets this year, and is likely to remain […]

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December 31
2009

Pound Posts First Yearly Gains Since 2006

The pound extended its weekly gains today versus the euro and the U.S. dollar, ending the year with the first advance versus both since 2006, as the British economy shows its first evidences of recovery, affecting its currency positively. After a report surprised investors today showing an increase in U.K. house prices beyond forecasts, the pound posted its first weekly advance versus the greenback since mid November and also managed […]

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December 31
2009

Dollar Falls on Corrective Speculations

After gaining more than 5 percent this month versus the euro the greenback declined as investors speculate that current gains for the U.S. currency may have been excessive, forcing the dollar down versus higher-yielding currencies as well. After today’s decline the dollar is still posting an advance of more than 4 percent versus the European single currency this month, as future contracts suggest a good performance in 2010 for the dollar, […]

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December 31
2009

Forecast for 2010 — Forex, Gold, Oil, Rates

The forecast for 2009, that was posted by me on January 3rd this year, came out to be not very accurate but definitely better than the one for the year 2008. I’ve missed largely with the USD-based pairs (especially GBP/USD — a parity! What was I thinking about?!), but the yen-based forecasts fulfilled almost perfectly. Although the oil fluctuated quite close to my forecast $75 for the second half of the year, its bottom was […]

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December 31
2009

Czech Koruna Climbs on Industrial Data

The Czech koruna advanced to a one week high versus the euro after a positive industrial report that fueled speculations that one of the most affected European economies is emerging for the hardest crisis since the end of communism in Czech Republic. After falling for 14 straight months, industrial production rose in Czech Rep. today, adding speculations that the country is leaving the worst recession in 20 years, which could help policy […]

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December 31
2009

Pound Rallies From 3-Month Low Versus Euro

After speculations that the British currency would be undervalued in currency markets, the pound managed to climb versus the euro and the greenback, as it touched the lowest rate in 11 months versus the U.S. dollar earlier. The British currency also benefited from a real estate report indicating an increase of 0.9 percent in house prices in November in the U.K., fueling speculations that the pound would be undervalued, which allowed the currency to gain versus most […]

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