Post Tagged with: "Risk Aversion"
G7 Optimism – Bad for the Dollar
G7 Finance ministers expressed optimism in their meetings this weekend. This optimism ignites risk aversion which isn’t good for the US dollar, and might send other currencies higher against it. Finance ministers of the Group Of Seven met this weekend in Washington DC to discuss the state of the global financial crisis. These finance ministers,
IMF World Economic Outlook and the Dollar
This Wednesday, the IMF will release the World Economic Outlook. After the previous gloomy outlook, this week’s forecast will significantly impact the mood of traders and the direction of the US dollar. World Recession On April 22nd, the International Monetary Fund (IMF) will release it’s World Economic Outlook. Last time, the IMF said that whole
Long Stock Market Rally and the Dollar
Wall Street has rallied for 5 consecutive weeks. This has contributed to the weakening of the dollar. This week, the stock market is challenged by a flood of reports that might stop the rally. Will the dollar make gains? Wall Street has enjoyed an uncommon 5 week rally. Stocks rose on good news and lots
Summers of Hope For The Dollar?
Obama’s senior advisor, Larry Summers, said that the bottom of this recession is already behind us. If his optimism is real, where does it send the dollar? President Barack Obama’s chief of the White House National Economic Council, Larry Summers spoke in a panel in Washington DC, and stated that the economic free fall will end
What to Expect in Forex from GDP
America Prelim GDP is going to be published at 13:30 GMT. Expectations are low. This week’s course sees American data disappointing and the dollar rising afterwards – risk aversion at its best. Will the Euro make the dive? Forex Traders are expecting a severe downgrade of data from the Advance GDP that was published a