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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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Forex Weekly Outlook – November 30 – December 4 2009

Yohay — Sat, 28 Nov 2009 10:34:46 +0000

The week of Thanksgiving, which was expected to be calm, was very volatile, with new lows in the dollar, that were proved temporary with the Dubai crisis. The upcoming week is already full of important indicators: rate decision in Europe and Australia, GDP from Europe, Switzerland and Canada, and the king of forex: American Non-Farm Payrolls. There are many more events to start off the new month. Let’s see what’s up this week.

Another sharp move was seen by the Japanese Yen: USD/JPY reached 14 year lows. The safe haven currency enjoyed the crisis as well. The Dubai crisis sent the Yen crosses face down to the mud. The dollar Yen correlation worked perfectly.

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Credit Crunch is back in town – weekly roundup

Yohay — Fri, 27 Nov 2009 18:27:06 +0000

The week splits to two parts: before the Dubai crisis and after it. The first part saw a falling dollar across the board with new records in some currencies. The second part saw a very sharp reverse move, that saw a reversal of its own today. Fear took over the markets on Thanksgiving. Does today’s stabilization mark a return to normal? Will the dollar continue to fall as usual? Let’s see how different currencies performed this week.

The US dollar index is at about 75, lower than last week’s close, but it was already in a much worse state, at 74.17 before the Dubai crisis. This strong move by the dollar after the Dubai crisis, is similar to the comeback of the greenback, at the same time last month. Let’s see the different currencies:

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Forex Daily Outlook – November 27th 2009

Yohay — Fri, 27 Nov 2009 08:38:31 +0000

On Black Friday, the dollar continues to be in the black, following the present it got from the Dubai crisis. A second wave of weakness sweeps the dollar higher. The Yen has halted, after reaching 85. Not too many events today. Let’s see what’s up for today:

In Germany, Import Prices rose by 0.5%, 0.1% more than predicted, but this doesn’t help the Euro too much: EUR/USD is at 1.4850. The breakout to 1.5140 is forgotten.

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