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Dollar slides against euro,yen in advance of economic report

posted by forexclaim 1245 days ago in USD, EUR, JPY

The dollar dropped Monday against the euro in overseas trading for a fourth day before reports this week that may show the world's largest economy is slipping further into recession.

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Dec-22 market commentary and technical levels

posted by forexclaim 1251 days ago in Technical, Daily

After break the rectangle formation to the downside on hourly chart, the EURUSD had a bearish momentum on Friday. The pair bottomed at 1.3826 and closed at 1.3907.

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Yen Intervention Has Biggest Foreign-Exchange Traders Divide

posted by forexclaim 1255 days ago in JPY

The yen’s 17 percent advance against the dollar in the past three months has the biggest currency traders divided over what the Bank of Japan will do about it.

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US Fed slashes rates to 'virtually zero'

posted by forexclaim 1257 days ago in USD, Inflation

The Federal Reserve slashed its base lending rate Tuesday from 1.0 per cent to virtually zero, saying its target federal funds rate would be a range of zero to 0.25 per cent.

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Dollar falls ahead of Fed decision

posted by forexclaim 1257 days ago in USD, Housing

The dollar fell against the Japanese yen and other major currencies Tuesday, weighed down by data showing that U.S. housing starts plunged to a record low and ahead of a widely expected interest-rate cut by the Federal Reserve this afternoon.

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EUR/JPY - Euro Yen 11/12/08

posted by forexclaim 1262 days ago in EUR, JPY, Technical

120,98. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100).

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Japanese Yen Commentary for the week of 12/05/2008

posted by forexclaim 1264 days ago in JPY, Weekly

While the US dollar index eked out a gain this week aided by exiting of risk, the Japanese yen put in a far more impressive rally as a sanctuary currency ending the week up 2.8% versus the USD, up 7.3% versus GBP and up nearly 1% versus EUR.

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EUR/USD - Euro Dollar Dec. 4, 2008

posted by forexclaim 1269 days ago in USD, EUR, Technical made popular 1269 days ago

1,2674. EUR USD is in a range between 1,2575 and 1,2765. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100).

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Dollar rises against euro, pound

posted by forexclaim 1270 days ago in USD, EUR, GBP

The U.S. dollar gained against most major currencies Wednesday, ahead of expected interest rate cuts by European central banks this week and amid volatile global equity markets.

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USD/JPY - Dollar Yen Dec. 1, 2008

posted by forexclaim 1272 days ago in USD, JPY, Technical

94,06. USD JPY broke 94,75 support. USD JPY is in a consolidation after the last bearish movement. The volatility is high.

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Dollar Falls Against Yen as Reports Show Deepening Recession

posted by forexclaim 1273 days ago in USD, JPY, Fundamental

The dollar fell against the yen before U.S. reports this week that may show manufacturing contracted and employers cut jobs by the most since 2001 as the recession deepens.

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Will tumbling mortgage rates help the economy?

posted by forexclaim 1275 days ago in USD, Housing

Despite slicing the Fed Funds rate from 5.25% to 1% since August 2007, mortgage rates remained stubbornly high.

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