All Eyes on Obama
No ‘Obama Bounce’ in Markets Many investors were expecting what has been called the ‘Obama bounce’ in markets. Instead the S&P fell to an inauguration day record. Actually, based on 5 decades of data the Dow fell more often than it rose on Inauguration Day. Since by and large Forex markets follow equity markets there has [...]
G 8 Nations Ponder Recovery
15 June 2009
G8 Positive About Economy The weekend meeting of the G 8 nations yielded some positive viewpoints about the global economy. Finance Ministers believe the credit crisis is easing and described their respective economies in the most positive terms since the global recession began. Despite the positive tone of the meeting many participants expressed caution. Currency exchange [...]
Posted in UncategorizedComments (0)
Dollar Gains on Treasury Auction Results
10 June 2009
US Auction Well Received The dollar to euro rate rose on Wednesday after the US government sold $19 billion in 10 year notes. Investors were reassured about the US’s ability to sell long term debt to ease mounting deficits. The dollar to yen rate was also affected by the auction. The US Treasury sold the 10 [...]
Posted in UncategorizedComments (0)
Dollar Stages Rally
08 June 2009
Dollar Rallies on Better Than Expected Jobs Data The US dollar staged a rally late last week after better than expected jobs data showed that the rate of job losses in the US sharply declined in May despite the news that General Motors was closing several manufacturing facilities across the US. Currency exchange rates were also [...]
Posted in UncategorizedComments (0)
General Motors Bankruptcy Pressures Dollar
01 June 2009
GM Bankruptcy Causes Concerns The yen to dollar exchange rate rose for a second day and also gained vs. the euro after the US government announced that General Motors will file for bankruptcy. The Japanese yen maintains its status as a safe haven currency as some currency experts are beginning to question the US dollar’s safe [...]
Posted in UncategorizedComments (0)
FOMC Meeting Boosts Euro
21 May 2009
FOMC Meeting Minutes Released Wednesday’s release of the Federal Open Market Committee’s (FOMC) meeting minutes pushed the euro to its highest level against the US dollar since January. The euro to dollar exchange rate was prompted by rising stocks and the belief that the US will be the first to recover from the global recession. The [...]
Posted in UncategorizedComments (0)
Stocks to Influence Currency Markets
18 May 2009
Euro Zone Decline Continues Last week the risk appetite that had dominated currency markets for the previous two weeks came to an abrupt halt. Despite warnings from experts that economic optimism was premature many investors and traders adopted the ‘green shoots of recovery’ theory. The euro to dollar exchange rate posted record monthly gains and commodity [...]
Posted in UncategorizedComments (0)
- Popular
- Latest
- Comments
- Tags
- Subscribe
Stay up to date
- Subscribe to the RSS Feed
- Subscribe to the feed via email
