Posted by Batool on March 22, 2011 ·
The US is the world’s second biggest forex trading center. The best time to trade the USD is when the US session is in progress. You have to take care of certain things while trading in the US session whether you are working on long or short term basis.
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 November 18, 2009 ·
On Wednesday the dollar fell against most major currencies as dealers took profits on the currency’s biggest rise in three weeks, having fresh data doing little to change the view that U.S. interest rates will remain at record lows well into 2010…
Posted by R. MAK. on October 2, 2009 ·
On Friday in early New York trading, the dollar weakened slightly, as cautious investors wait for U.S. non-farm payroll numbers to be released.It is anticipated by the economists that the September number would show some improvement, but a disappointment could trigger a flight to the…
Posted by R. MAK. on September 29, 2009 ·
On Tuesday the dollar edged up against the yen, correcting steep gains that has been made the previous day as Japan’s finance minister backtracked over its tolerance of a stronger yen. On Monday the U.S. currency clawed back from an eight-month low…
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Posted by R. MAK. on September 12, 2009 ·
On Friday, the week’s dollar sell-off continued, as the greenback hit a fresh 12-month low.The latest indicator to investors that the worldwide slowdown is drawing to a close is an accelerating economy in China, and they avoided the “safe” dollar in favor of gold, by which an 18-month high level has been hit, as well as other commodities and…
Posted by R. MAK. on September 9, 2009 ·
On Wednesday the U.S. dollar fell, as investors moved to riskier assets like stocks and higher-yielding currencies and now it has touched new low levels for 2009 against major currencies.Hopes for economic recovery has been supported by the rally in European and U.S. stocks, and together with the fall in U.S. dollar borrowing costs, it has encouraged investors to…
