Post Tagged with: "boj"
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
Forex Daily Analysis – January 16th 2009
The last day of this week opened with Bank of Japan Governor Masaaki Shirakawa speech. He said that the BOJ sees the economy struggling, and that they may respond in purchasing corporate debt. Cut rates are not an option, considering Japan’s 0.1% interest rate. USD/JPY now trades above 90, at 90.34. Elsewhere, the dollar loses ground
Forex Daily Analysis – December 22nd 2008
Most of the financial markets will be closed on Thursday, on Christmas day. The thin markets may colatile trade. From Wednesday, 19:00 GMT till Friday 8:00 GMT, the markets will be closed. The European currency became stronger last week, and later weakened. In the wake of the of the new week, the Euro gained some
Forex Weekly Roundup- December 15-19th 2008
Last week was very dramatic in the Forex market: The peak was the interest rate cut on Tuesday by Ben Bernanke: a 0.75% cut to 0.25%. This weighed heavily on the USD, on all fronts. Later on, the dollar made a big comeback, especially in against the Euro and the pund. Both EUR/USD and GBP/USD
Yen expected to dive following the Budget Proposal
The Japanese government revealed the new budget that is planned for the next fiscal year. It features an increase of 6.6% to 88.5 trillion Yen – about 990 billion dollars 0 the highest budget ever. This move contradicts the government’s long term effort to reduce the budget and to reach a balanced budget by 2011.
Forex Daily Analysis – December 19th 2008
The big news this morning comes from Japan – the BOJ reduced the interest rate to 0.1% – quite symbolic. Japanese Yen traders aren’t used to see moves in interest rates – this is the second one in the recent two months. The Bank of Japan also announced that it would flow some cash into
Dollar makes a comeback
The US dollar retracted against all currencies in the European and North American session. THe EUR/USD is back at about 1.44, the GBP/USD is at around 1.53 and the USD/JPY is above 89. Also other pairs, such as the USD/CAD have turned in favor of the greenback. This comes after a fews days of beating
Forex Daily Analysis – December 18th 2008
The US dollar continues to plunge against all the currencies. Even the pund that lagged behind made a move forward. GBP/USD now above 1.56. The EUR/USD crossed another resistance line at 1.44, and aimed to breach the 1.45 line. Curretly it retracted back a little bit. Today’s imprtant data is Germany’s IFO Business Climate Survey,
Forex Daily Analysis – December 16th 2008
The US dollar retreated some more on Monday, especially against the Euro. USD.EUR currently stands at 1.3691, breaking resistance of 1.35. Also the British pound managed to get away from the 1.50 pivot spot, now trading at 1.5278. GBP/USD struggled more than the Euro. The loonie (USD.CAD) and the chocola (USD/CHF) also weakened – USD
Forex Daily Analysis – December 15th 2008
The new week in the Forex market began with a renewed weakening of the US dollar. In the Asian session on Monday morning, the Japanese is re-testing the 90 Yen mark, EUR/USD is above 1.34, and the GBP/USD is again above 1.50. This week is one week before Christmas and is the last full scale