Forex Crunch » Dubai crisis

EUR/USD Breaks Down amidst ZEW Economic Sentiment

Yohay — Tue, 15 Dec 2009 10:34:37 +0000

EUR/USD made a clear and strong break out and fell below the support line. This comes on the background of a drop in the ZEW Economic Sentiment among other concerns: the credit crunch is far from over. The more important support line is getting very close.

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EUR/USD Hit By Greece, Spain and now America

Yohay — Fri, 11 Dec 2009 14:04:07 +0000

EUR/USD is having a bad week. The blow it got from American Non-Farm Payrolls continued with internal problems in Europe, and American retail sales send it further down. It may be getting close to a breakout.

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AUD/USD rising gradually with the rates

Yohay — Wed, 02 Dec 2009 15:10:44 +0000

The Australian got another boost from the third consecutive rate hike yesterday. After getting a blow from the Dubai crisis, the good fundamentals and the 3.75% interest rate send it higher. Will these gains survive bad Non-Farm Payrolls?

The Aussie continues to enjoy good fundamentals.A third consecutive rate hike was made by the RBA: Glenn Stevens took the Australian Cash Rate another 0.25% higher and set it on 3.75%. In the not-so-far past, New Zealand had the highest interest rate in the West, but the RBA’s moves leave it far behind – making the Australian dollar the favorite carry trade.

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EUR/USD enjoys good figures. Where next?

Yohay — Tue, 01 Dec 2009 15:18:39 +0000

Contrary to last week’s behavior, the Euro rides higher on good figures, and says goodbye to the range once again. Is this another temporary swing? Or is the next target, of 1.5283 already marked?

Also the rising Pending Home Sales in the US help the Euro, as the feeling of world recovery makes the “safe haven” dollar unnecessary. American Pending Home Sales rose by 3.7%, much better the 0.4% fall that was predicted.

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Forex Daily Outlook – December 1st 2009

Yohay — Tue, 01 Dec 2009 00:00:01 +0000

Forex markets are still digesting the Dubai crisis as lots of indicators pour in. A big day awaits forex traders: a rate decision in Australia, GDP in Switzerland and Pending Home Sales are only a small portion of the events today. Let’s see what’s on the crowded calendar:

Australian Building Approvals start the day with an expected 2% rise, after a 2.7% leap last month. This indicator is only a starter for the rate decision.

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Forex Daily Forecast – November 30 2009

Yohay — Mon, 30 Nov 2009 00:00:01 +0000

The new forex trading week starts off with the Dubai crisis still looming. Canadian GDP, and European inflation will stand out in day with events from all over the world. Let’s see what’s up for the last day of November.

Arabic version of this post

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