Post Tagged with: "global crisis"
GBP/AUD Short – Forex Trade for the new year
The GBP/AUD currency pair isn’t one of the popular crosses on the board. It doesn’t appear by default on forex charts on major sites. This forex trading option looks currently very lucrative. Both fundamental analysis for this currency pair and technical analysis support going short, on what looks like a serious move. GBP/AUD Technical Analysis
Forex Daily Analysis – December 23rd 2008
In yesterday’s trading sessions, the US dollar strengthened against most currencies. The USD/JPY is back over 90, EUR/USD is under 1.40 and the GBP/USD is a little above 1.48. In New Zealand, the GDP retracted, but not as bad as expected: 0.4%. That did little to move the NZD/USD, currently at 0.5742. Today, there a
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,
How Low can Interest Rates Go?
The Federal Reserve has already lowered the interest rate to 1%. This is the lowest ever interest rate. Bernanke is following the footsteps of his predecessor, Greenspan, in an effort to stimulate the economy. In the current global crisis, which is definitely the biggest since the great depression, these low interest rates don’t seem to