Wed, 25 Mar 2009 15:46:09 +0000 Dollar Rises as Investors See U.S Recovery
The U.S currency extended gains on its Japanese and European counterparts Tuesday as optimism about a U.S. government plan to remove bad assets from banks’ balance sheets prompted investors to resume safe haven bets on the Dollar. The USD rose versus the Japanese Yen to 97.87 from 96.94 Yen and against the EUR to $1.3464, up from $1.3633 late Monday. The Dollar also gained support from a growing view among market players that the Federal Reserve’s quantitative easing (buying U.S. Treasury debt that would massively expand the Fed’s balance sheet) would not undermine ...
Wed, 25 Mar 2009 15:43:48 +0000 Gold “Looks Stable, Downside Unlikely”
THE PRICE OF GOLD ticked lower once more early Wednesday, bouncing higher from $918 an ounce for the second day running in London as world stock markets rallied on a strong Wall Street start. Like the German Dax and UK FTSE100, however, the S&P index stood more than 10% below its start of the year. Gold Prices for German, UK and US investors held 5% higher from New Year’s Day, but the US Dollar strengthened once more, knocking one-third off the Euro’s sharp rally of Wednesday last week. Government bond prices slipped. Crude ...
Mon, 16 Mar 2009 13:17:36 +0000 USD Propped-Up by this Week’s Bullish Expectations
With a rally in stocks and other equity markets last week, traders witnessed a significant downtrend in USD pairs and crosses. Losing strength to almost all currency rivals, save the JPY, the greenback indeed suffered from this increase in risk appetite. Trading down against the EUR at 1.2926 last Friday, and also returning to the 1.4000 level against the GBP, the short-covering action on the USD inflicted some deep wounds to the American currency. With few data releases helping or harming the EUR, the USD was likely losing strength from the unwinding of long ...
Mon, 16 Mar 2009 13:11:26 +0000 Forexpros Analysis 16.03.09
The USD is mixed to open New York today after starting mildly better in Asia overnight; traders note initial disappointment from the G-20 meeting which announced nothing new and appeared to be simply a re-hash of the current economic situation created a brief push higher for the Greenback. After testing previous resistance levels across the board the USD began a slide through European trade and is weak at the start of New York with the exception of USD/JPY. The rate is still holding the 98.00 handle after testing the 98.50 area of reported ...powered by zFeeder
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