Post Tagged with: "Barack Obama"
Forex Daily Analysis – January 19th 2009
The week in forex trading began with no big moves: EUR/USD is now at 1.3348, GBP/USD is at 1.4884, USD/JPY is down to 90.83, and USD/CHF is at 1.1162. Today could see light trading, due to a holiday in the US. In Japan, BOJ Governor Masaaki Shirakawa is speaking in parliament and laying out the plans
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
Gaza Ceasefire Declared by Israel
The Israeli cabinet just approved a unilateral ceasefire in the Gaza war. This truce will begin on Sunday, January 18th, at 00:00 GMT, or 02:00 in the middle east. After 3 weeks of intense fighting in Gaza, the conflict might reach it’s end, as this ceasefire is backed by the Palestinian authority, Egypt and major
Obama Inauguration and Forex Trading
In three days from now, Barack Obama will be inaugurated as the 44th president of the USA. The new American administration will definitely make a big change in economic policy and will also affect Forex Trading. Obama’s election, after almost two years of campaigning, was a historic one: he’s the first black president. Obama’s victory
High Consumer Sentiment Sends Dollar Up
The University of Michigan published the Prelim Consumer Sentiment, and it was better than expected – 61.9 . This is above expectations that stood on 59.2. A high figure like this shows optimism amongst American consumers, in the wake of a new year, and just before Barack Obama enters the White House. This has affected Forex