Post Tagged with: "bailout"
Bank Nationalization Fears To Hurt Euro
The European mini summit in Berlin supplied so headlines about bank nationalization and regulation. This could trigger the EUR/USD to open the forex trading week lower – with a weekend gap. Bank Nationalization was highly debated in the European mini-summit in Berlin. Although both EU leaders and ECB’s Trichet talked against nationalization, this issue is
Forex Weekly Wrap Up – January 19-23 2009
This was a wild week in forex trading: A strong dollar with Obama’s inauguration, the huge fall of the British pound, rumors of BOJ intervention to weken the Yen and lots of data from Canada. Here’s a wrap up of the major events in the forex market this week. Forex trading began this week with
Forex Daily Analysis – Januray 20th 2009
Today is a historic day in the USA: Barack Obama, the first black president, will be inaugurated as the president. I’ve already written about how Obama’s inauguration is affecting Forex trading. It seems that wheels are already in motion: the USD strengthens against most of the currencies. EUR/USD fell below 1.30, to 1.2967. GBP/USD broke
Forex Weekly Outlook – January 19-23 2009
Before the new week begins, there were major events during the weekend. The Gaza war is nearing its end, with a unilateral cease fire declaration by Israel. If it holds, the ending of this conflict in Gaza will impact oil prices, stock prices, and forex trading, especially USD/CAD and AUD/USD. More about the Gaza cease
BOJ may intervene to weaken the Yen
The Bank of Japan – BOJ is concerned with the Yen’s recent stength. The recent push to the Yen came after the congress failed to approve the bailout plan on Thursday night. The USD/JPY plunged as low as 88, a 13 year low. The intervention of the central bank will help the Japanese exporters enlarge
Euro breaking upwards
The Euro broke a resistance level this morning against the US dollar. The EUR/USD pair broke well above the 1.30 level, beyond the 1.308 level and keeps going up. The European currency has also made neat gains against other currencies. This gain was fueled by yesterday’s Federal Reserve Budget information: The deficit rose to 164 billion
Forex Daily Analysis – December 10th 2008
The US dollar continues to weaken, amidst a growing notion that not every financial sector will be bailed out by the Federal Reserve, or the American government. This notion fueled a fear of a wave of bankruptcies. Yesterday’s Consumer sentiment data from the USA was much lower than last month’s figure. A drop in consuming