The dollar has been making a strong move in recent weeks after holding firm for several months in light of… Aug 13 2008 08:54AM BST Read More …
| Tagged Daily Analysis
Each day we hear another piece of bad news on the banking front. It was called the sub-prime crisis, then… Aug 06 2008 11:02AM BST Read More …
| Tagged Daily Analysis
Crude Oil Inventories On Tap.The dollar strengthened against all of the majors as it traded at a 7 week high… Aug 06 2008 11:00AM BST Read More …
| Tagged Daily Analysis
Overnight the dollar continued higher against the euro and put pressure on commodity prices. Gold, platinum and silver plunged to their lowest in more than seven months on the back of concerns about a weakened global economy and slowing demand. Read More …
| Tagged Fundamental Outlook
EURUSD is under further pressure and trading new lows below 1.4850 as of this writing as the ECB’s Bini Smaghi made further comments indicating that the EuroZone economy will be far weaker than anticipated. With this kind of reaction, it’s beginning to feel like this USD rally is a bit… Read More …
| Tagged Fundamental Outlook
Yesterday we saw a short rally in EURUSD early in the European trading session. However, the gains made by the euro disappeared rather quickly as the dollar rallied again and extended its gains it has made over the last few weeks late in the US trading session on further weakness… Read More …
| Tagged Fundamental Outlook
More clear signs the Euro won’t recover any time soon, as it continued rallying to the downside reaching as low as 1.4860 levels, as now descending channel is wide open, personally nobody in the financial markets are not taking into consideration any technical analysis, as they are now waiting for… Read More …
| Tagged Fundamental Outlook
The Euro continued downward in Asian trading, passing support at 1.4884 to reach as low 1.4859. DailyFX Chief Strategist Jamie Saettele expects the Euro to decline as low as 1.4668. Near-term support stands at 1.4753, with resistance at 1.5159. Sterling traded lower overnight, bypassing support at 1.9082 to reach a… Read More …
| Tagged Fundamental Outlook
The Euro (Eur/Usd) has been trading lower for the past 6 days, a period in which the pair fell close to 700 pips. The markets are now pricing the possibility of at least 25 basis points by the end of the year from the Fed, which empowers the dollar. In… Read More …
| Tagged Fundamental Outlook
The National Australia Bank released the business confidence report this evening. The reading was the same as last month, coming in at a -9. This is the lowest level in the past seven years as consumers cut spending amid the highest borrowing costs seen in the past 10 years. Australians… Read More …
| Tagged Fundamental Outlook
