Post Tagged with: "oil"
Orderly Restructuring? There’s No Such Thing
Any restructuring of Greek debt will be a default and therefore pure disorder. In the following interview, John Kicklighter of DailyFX discusses the situation in Europe, the chances of QE3, Oil/CAD correlation and more. JOHN KICKLIGHTER – Currency Strategist Office: San Francisco Bio: John Kicklighter is a currency strategist for FXCM in New York where
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 – 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 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
Deteriorating oil prices should weaken Yen
The Japanese Yen has gained a lot of ground in the past few months. The Yen became stronger when the US dollar lost ground to other currencies, and got even stronger when the dollar strengthened against these currencies. Currently, 1 US dollar is worth only 92.71 Yen. This valuation is at a very low point