Post Tagged with: "Stimulus Package"
Dollar Falls on China Debt Fears, Toxic Asset Plans
The US dollar is falling across the board at the beginning of the new forex week. This happens against all the currencies, except the Yen of course. Toxic Asset Plan by Geithner and China Debt Fears are driving the dollar down. The forex week began with a weakening of the US dollar: it lost ground
Danger for Dollar After Obama Relates to Treasuries
President Barack Obama publicly addressed China’s deep concerns to America’s ability to pay its debt. American debt has become scary to everyone. Chinese Prime Minister Wen Jiabao publicly asked if America could pay back its debt. China is biggest holder of US treasuries, and its hundreds of billion of dollars. With the growing debt, and
Forex Daily Outlook – March 11th 2009
Wednesday features economic indicators from all over the globe, with British Trade Balance, Federal Budget Balance, Final GDP from Japan and a rate decision in New Zealand as the top indicators. Australia starts the day with the important figure of Home Loans expected to rise by 4%, less than 6.4% in the previous month. In
Obama’s Stimulus Bad For Dollar, Good For Economy
The stimulus package delivered by Obama spills a lot of money into the US economy. Printing of money devalues the currency, but I do believe that this pro active and extreme measures will get America out of the crisis quite fast. I’ve written in the past that the stimulus package will weaken the dollar, due
Inflation Becoming Irrelevant in Forex
Inflation data, that is published all the time is becoming less and less important in these days of a global economic crisis. It doesn’t ignite price action as it used to up to the last summer. Up to the summer of 2008, Consumer Price Index (CPI) and Producer Price Index (PPI), played a big role
Forex Weekly Outlook – February 23-27 2009
The upcoming week features a few major releases: German Ifo Business Climate and CBI Realized Sales on Tuesday, British Revised GDP and American Existing Home Sales on Wednesday, British Nationwide HPI and Core Durable Goods Orders on Thursday and the American Prelim GDP on Friday. And of course there’s lots more. After gaining throughout the whole week just to lose everything on
Forex Daily Outlook – February 18th 2009
Today features lots of US data, with the Building Permits in the center of attention. Also the Meeting Minutes from both Britain and the US will be carefully read by forex traders. Let’s see what’s on the menu today. In Australia, Quarterly Retail Sales rose by only 0.8%, lower than expectations. Despite this, AUD/USD is back
AUD/USD Long – Pick of the week
AUD/USD provides an opportunity for a long position: it’s consolidating around the 0.65 mark, and with the rise in gold prices, it can reach 0.6650 soon, and push towards higher targets afterwards. Let’s look at technicals and fundamentals. AUD/USD Fundamentals The Australian economy is doing much better than other economies in the west. Growth, unemployment
Obama Stimulus Package to Weaken Dollar (Revisited)
Barack Obama’s stimulus Package was approved by both Congress and Senate. It narrowed down from $825 billion to 787$, but it’s still huge. Now that the final offer was approved, it’s time to look into it, and see how it will affect the dollar. On January 26th, I wrote that the stimulus package contains spilling
Will Obama’s Stimulus Package weaken the Dollar?
Less than a week in office, and Barack Obama isn’t wasting any time. He’s pushing forward on all fronts, and regarding the stimulus package on particular. Despite the plan being helpful for the American economy, it will be very unhelpful for the US dollar. Obama’s $825 billion plan is huge: it is meant to help