Posted by R. MAK. on December 14, 2009 ·
On Monday after Dubai’s announcement that it had received help from Abu Dhabi to repay its debts improved risk appetite and reduced some of the U.S. currency’s safe-haven appeal and as a result of this, the euro has shown a rise versus…
Posted by R. MAK. on December 10, 2009 ·
On Thursday after a narrower-than-expected U.S. trade deficit for October and better continuing jobless claims, the dollar fell versus euro and reduced its gains against the yen . This has pared the safe-haven demand for…
Posted by R. MAK. on December 4, 2009 ·
On Friday as investors waited for the U.S. government’s monthly employment report to offer clues to the potential pace of tightening in U.S. monetary policy so, the dollar was slow versus a basket of major currencies.In November the U.S. economy lost 130,000 jobs, as compared to…
Posted by R. MAK. on December 3, 2009 ·
After that The European Central Bank President Jean-Claude Trichet expressed support for a strong dollar and as he announced small steps toward the withdrawal of extraordinary liquidity measures, the dollar recovered from near 16-month lows against the euro. European Central Bank President’s Statement It has been said by Trichet that the euro zone had a [...]
Posted by R. MAK. on December 1, 2009 ·
As positive euro-zone economic data, easing concern over the Dubai debt crisis and rising global equities helped swing investor sentiment in favor of riskier assets so the dollar declined against the euro on Tuesday…
Posted by R. MAK. on November 27, 2009 ·
On Friday the yen hit a 14-year high against the dollar and it rallied broadly, while the dollar climbed against most other currencies as carry trades and risk exposure were cut down by the investors on concern about Dubai’s debt problems. However, by mid-session in London, exchange rates had recovered some…
Posted by R. MAK. on November 26, 2009 ·
On Thursday the dollar is still rising after midday in Europe. There are currently two factors that are driving this rise in dollar. One is the fear of a debt default by Dubai World and the other is talk of intervention by the Bank of Japan and suspected intervention by the Swiss National Bank. This has reversed the dollar’s recent sharp fall which took it down to a…
Posted by R. MAK. on November 26, 2009 ·
When we are talking about taking a position in the dollar, then it is important for the currency trader to assess the different factors that affect the value of the dollar so that the trader may be able to determine a direction or trend. We can divide that methodology into three groups…
Posted by R. MAK. on November 25, 2009 ·
As the decline in weekly jobless claims and a rise in personal consumption improved the outlook for the U.S. economy, the dollar fell to a fresh 15-month low against a basket of currencies on Wednesday. Traders had earlier sold the dollar across the board, which results in pushing the dollar to a 10-month low against the yen, as it has been showed by…
Posted by R. MAK. on November 24, 2009 ·
On Tuesday the euro rise against the dollar, reversing earlier losses as a firmer-than-expected German sentiment survey offset concerns about the country’s banking sector.A bigger-than-expected rise in the German Ifo November business climate index has helped the euro. The index rose to…
