posted by
defferson
1095 days ago
in USD, Fundamental, Special
I knew that gold was doing okay, but I did not know how well exactly, although I knew that gold bullion was up about 3.5% from this time last year, which is better, and by a long shot, than almost anything else you can name, but which is not, I a
posted by
topforexnews
1095 days ago
in Daily
The Brazilian currency had the sharpest rise in seven days after the country’s first current account surplus in 19 months was posted this week, pushing the national equities market up.
posted by
czarinacleopatra
1096 days ago
in NZD, Daily
Early on, it was all about risk aversion and ‘safe-haven’ demand for USD. Worries about the North Korean nuclear situation, concern about escalating German debt and lacklustre Eurozone data put growth sensitive currencies like NZD under selling p
posted by
Alex
1096 days ago
in JPY, Special, Inflation
Everyone’s a Japan expert these days. It is a morality tale, supposedly, of banks and government “refusing to deal with the problem” – the problem is usually “bad debt” – resulting in endless stagnation.
posted by
fxlady
1096 days ago
in CHF, Weekly
The Swiss franc closed the week up 3.3% versus the US dollar as the greenback sank on fears the US would lose its AAA credit rating ahead in light of record deficits and growing debt burden.
posted by
butterscotch
1096 days ago
in JPY, Weekly
After last week's outsized 3.5% gain, the Japanese yen eked out a 0.4% advance versus the US dollar by Friday's close. Assurances from Japan's Finance Minister Yosano that currency intervention is not under consideration now helped the yen end th
posted by
rui
1096 days ago
in EUR, Weekly
The euro ended the week up 3.7% against the US dollar as market participants priced in risk of a US credit rating downgrade following S&P's decision to lower its outlook for the UK's AAA rating to negative from stable.
posted by
posh
1096 days ago
in CAD, Weekly
The Canadian dollar posted 5.2% advance versus the US dollar this week leaving the currency up about 8% for the month. Concerns over US sovereign debt rating downgrade saw the greenback sell off more broadly aiding the C$.
posted by
eriathwen
1096 days ago
in GBP, Weekly
Despite the change in rating outlook by S&P for UK sovereign debt to negative from stable, the focus turned quickly to a similar risk for US sovereign debt and the British pound jumped 5.1% against the US dollar this week.
posted by
fx360
1096 days ago
in JPY, AUD, Daily
Price action over the next 24-48 hrs should provide a more confident near-term directional bias as the current AUD/JPY short-term rally is facing some rather significant resistance near 75.0-76.0 based on recently established peaks. A break above
posted by
fx360
1096 days ago
in USD, Daily, Trading Psychology
In the current market environment, for forex traders, being in the recovery trade means to be short U.S. dollars. In the last week of June 2008, the bear market was declared and in July, oil prices peaked at $147 a barrel. This triggered massive