Post Tagged with: "Gaza conflict"
Oil above $50 as Gaza War Escalates
The price of oil is now above $50 per barrel, as the war in Gaza escalates. This affects the Ausralian and Canadian dollars. AUD/USD is now at 0.7101, and USD/CAD is at 1.1884 as oil price sits above $50. Hammas rockets have reached further into Israel. The Israeli army is operating deeper inside the Gaza
Forex Weekly Outlook – January 5-9 2008
Finally, after two weeks of holidays, we have a full trading week. And it’s expected to be very exciting! Monday begins easily, with a speech by FOMC Member Yellen. Federal Reserve Bank of San Francisco President Janet Yellen might give some direction about the money printing that the Federal Reserve plans to spend. More from the US
Gaza War – Israel Began Full Scale Invasion
In the middle of the weekend, Forex traders are tuning up to the news from the middle east: the war in Gaza has turned into a full scale conflict, with Israeli ground forces now operating in the Gaza strip. This is a major escalation in the Gaza war, that might make oil prices jump around the
Forex Daily Analysis – January 2nd 2009
The first forex trading session of 2009 began with a strengthening of the US dollar. The gains aren’t major. In Europe, the Manufacturing PMI in Europe came out even lower than the low expectations, at 33.9, an extremely low figure for the Manufacturing Purchasing Managers Index. The greenback gained ground against the Euro, EUR/USD currently at
Forex Daily Analysis – December 31st 2008
The last day of 2008 is here. Markets are becoming thinner and thinner, as New Years celebrations get closer. Yesterday’s big news was the CB Consumer Confidence in the US, which is at a record low number of 38. Not only is it under 50 – which means contraction, it’s also well under the market’s expectations
Forex Daily Analysis – December 30th 2008
The Gaza conflict continues to dominate the news around the world: A ground offensive by Israel is due soon, after Hammas escalated rocket attacks. The price of oil is certainly moved by the voilence in the middle east. WTI Crude now trades at $40, after reaching $43. Oil prices will shake even more if the
Forex Daily Analysis – December 29th 2008
Trading in this short holiday week began with a drop in the rate of the USD. It weakened against almost all the currencies. EUR/USD jumped to 1.4339, USD/JPY is flirting again with the 90 mark, and also the USD/CHF dropped to 1.0433. The gains that the Swiss Franc made came despite of the KOF Economic Barometer
Forex Weekly Outlook – December 29th 2008 – January 2nd 2009
This week, is still a holiday week. The year is changing Wednesday night. Januray 1st is a holiday, and the volume is usually low at this time of the year. But this time, the flames in the middle east are looming over the forex traders. The violent conflict in Gaza, that broke out 36 hours
Gaza War Widens just before Forex Trade Resumes
The conflict in the Gaza strip widens. Israel began moving tanks and infantry towards the Gaza strip. In addition, the Israeli government announced that over 6,000 reserve soldiers will be drafted for fighting in Gaza. The military collision that began yesterday is currently remote: Israeli airforce striked Hammas posts, and Hammas launched rockets as far
Gaza War Will Make Oil Prices Higher
Today, Israel made a blitz attack on the Hammas strongholds in the Gaza strip. This is a big move in an ongoing conflict. Without getting into the complicated mideast politics, a violent conflict somewhere in the middle east always moves oil prices higher. There’s always a fear that a war in Gaza could flare up