Fundamental Overview – Market Movers Last Week – 8/30/2010
Guest post by ForexTraders.com The U.S. Dollar turned in a mixed performance last week without moving much against any of the other major currencies. Traders reported that the primary boost to the Dollar’s fortunes versus the Euro and Pound Sterling was the news out last Tuesday that the Standard and Poor’s rating agency had downgraded Ireland’s [...]
NZD/USD Outlook – August 30 – September 3
4 events await kiwi traders in the upcoming week, with the business confidence being the highlight. Here’s an outlook for the events in New Zealand and an updated technical analysis for NZD/USD. NZD/USD daily chart with support and resistance lines marked. Click to enlarge: The kiwi saw tensed range trading in the past week and [...]
Fundamental Overview – Market Movers Last Week – 8/23/2010
Guest post by ForexTraders.com The U.S. Dollar did not move much last week, and showed mixed results overall in terms of its performance against the other major currencies. Traders reported that the primary shock to the Dollar’s fortunes was the news out last Thursday that U.S. Initial Jobless Claims had risen to the psychological 500K mark [...]
Fundamental Overview – Market Movers Last Week – 8/16/2010
Guest post by ForexTraders.com The U.S. Dollar’s fortunes reversed considerably last week, as the Greenback rallied on increased risk aversion after China showed disappointing import figures. Also helping the Dollar’s fortunes was the FOMC’s indication that the Fed would be buying long term Treasuries with repayments from agency debt and mortgage backed securities. The Greenback gained [...]
Fundamental Overview – Market Movers Last Week – 8/09/2010
Guest post by ForexTraders.com The U.S. Dollar continued showing signs of weakness last week on the back of an overall disappointing set of economic numbers from the jobs sector in the United States. The Greenback fell significantly against all the major currencies except for the Canadian Dollar, against which it only fell by 0.1%.
NZD/USD Outlook – August 9-13
Retail sales and other figures will shape the direction of the kiwi in the upcoming week. Here’s an outlook for the events that will move the New Zealand dollar, and an updated technical analysis for NZD/USD. NZD/USD chart with support and resistance lines marked. Click to enlarge: The kiwi was hurt by the disappointing employment [...]
Fundamental Overview – Market Movers Last Week – 8/02/2010
Guest post by ForexTraders.com The U.S. Dollar began showing definite signs of weakening last week — despite some positive economic numbers from the U.S. housing sector — as it fell against all the major currencies except for the New Zealand Dollar, which declined by 0.2%. Dollar Drops Against All Majors Except the Kiwi The biggest drop [...]
Will Bernanke Devaluate the Dollar Again?
As the US economy shows signs of slowdown, the Federal Reserve might intervene to boost the economy by buying assets – spilling dollars. This prediction, by the Japanese Nomura bank goes hand in hand with a very sharp drop in the dollar across the board. Is the dollar going for an accelerated collapse like in March 2009? [...]
NZD/USD Outlook – August 2-6
Employment figures dominate the upcoming week’s kiwi trading. Here’s an outlook for the events in New Zealand and an updated technical analysis for NZD/USD. NZD/USD daily chart with support and resistance lines on it. Click to enlarge: The kiwi reached new highs in the past week, on top of the expected rate hike, but it [...]
Fundamental Overview – Market Movers Last Week – 7/26/2010
Guest post by ForexTraders.com Last week saw the U.S. Dollar again trade softer against most of the other major currencies. Also, commodity prices mostly gained, with crude oil gaining 3.9% to close at $78.98 per barrel, with a predictably positive effect on the Australian and Canadian Dollars. Nevertheless, the price of gold closed virtually unchanged at [...]
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