Post Tagged with: "AUD/USD"
Forex Daily Analysis – January 14th 2009
Yesterday, the dollar made gains against all the currencies, except the Yen. Today, this trend is reversed: EUR/USD, GBP/USD and USD/CHF went against the dollar, while USD/JPY went in favor of the Japanese Yen. In Australia, the monthly Home Loans were surprisingly good – they showed a rise of 1.3%, more than 1.0% that was expected.
Forex Daily Analysis – Januray 12th 2009
Last week was full with economic data and with sharp moves in the Forex market. This week starts with small moves in the majors, but with significant drops in AUD/USD and NZD/USD. The ECB’s president, Jean Claude Trichet, will talk and impact the EUR/USD, currently trading at 1.3384. The British Pound will not receive any
Forex Daily Analysis – January 8th 2009
Big day today in the Forex market: The BOE will publish new interest rates in Britain, Ivey PMI in Canada, Unemployment Claims in the US, and many important speeches. Oil prices fell yesterday to$42.23 after the Crude Oil Inventories rose to 6.7M, much higher than expected. This large storage of oil eases oil prices, and weakens
Oil above $50 as Gaza War Escalates
The price of oil is now above $50 per barrel, as the war in Gaza escalates. This affects the Ausralian and Canadian dollars. AUD/USD is now at 0.7101, and USD/CAD is at 1.1884 as oil price sits above $50. Hammas rockets have reached further into Israel. The Israeli army is operating deeper inside the Gaza
Gaza War – Israel Began Full Scale Invasion
In the middle of the weekend, Forex traders are tuning up to the news from the middle east: the war in Gaza has turned into a full scale conflict, with Israeli ground forces now operating in the Gaza strip. This is a major escalation in the Gaza war, that might make oil prices jump around the
Forex Daily Analysis – December 31st 2008
The last day of 2008 is here. Markets are becoming thinner and thinner, as New Years celebrations get closer. Yesterday’s big news was the CB Consumer Confidence in the US, which is at a record low number of 38. Not only is it under 50 – which means contraction, it’s also well under the market’s expectations
Forex Weekly Outlook – December 29th 2008 – January 2nd 2009
This week, is still a holiday week. The year is changing Wednesday night. Januray 1st is a holiday, and the volume is usually low at this time of the year. But this time, the flames in the middle east are looming over the forex traders. The violent conflict in Gaza, that broke out 36 hours
Gaza War Widens just before Forex Trade Resumes
The conflict in the Gaza strip widens. Israel began moving tanks and infantry towards the Gaza strip. In addition, the Israeli government announced that over 6,000 reserve soldiers will be drafted for fighting in Gaza. The military collision that began yesterday is currently remote: Israeli airforce striked Hammas posts, and Hammas launched rockets as far
Gaza War Will Make Oil Prices Higher
Today, Israel made a blitz attack on the Hammas strongholds in the Gaza strip. This is a big move in an ongoing conflict. Without getting into the complicated mideast politics, a violent conflict somewhere in the middle east always moves oil prices higher. There’s always a fear that a war in Gaza could flare up