Post Tagged with: "NZD/USD"
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
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 22nd 2008
Most of the financial markets will be closed on Thursday, on Christmas day. The thin markets may colatile trade. From Wednesday, 19:00 GMT till Friday 8:00 GMT, the markets will be closed. The European currency became stronger last week, and later weakened. In the wake of the of the new week, the Euro gained some
Forex Weekly Outlook – December 22-26th 2008
The upcoming week will feature very thin trading due to the holiday of Christmas. Trading will become thinner as week unfolds. New Zealand Dollar in focus For those of you not on vacation, an interesting pair to watch this week will be the NZD/USD. A few major economic figures will be released this week in
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,
Forex Daily Analysis – December 17th 2008
Trading today is in the shadow of yesterday’s historic rate decision in the USA: a rate of 0.25% is unprecedented in America – Bernanke went for it. Currently trading is rather calm – the EUR/USD is resting above 1.40, the GBP/USD is flirting with 1.55 and the Yen managed to pull throug – currently at
Forex Daily Analysis – December 12th 2008
The big news in the Forex market is the big break of the Japanese Yen below the 90 Yen per dollar mark, as low as 88. This is the lowest level in 13 years. It came hand in hand with a rise this week in oil prices. As ananlyzed here, the strong correlation between oil