By admin on 28/02/2009
Another week is coming to an end, with dollar still the strongest currency across the board, as the fear and uncertainty of economic future is making market participants turn to the greenback for “safer” option. The weakness of the yen and the Swiss franc indicates that for now traders have made the choice…And that choice [...]
Posted in Forex Blog
By admin on 28/02/2009
Another week has started, with markets already down since the Asian session began and continuing on into the European session, amid fears of a US plan to nationalize banks and how it will affect an already suffering economy. New York closed negatively yesterday, with traders clearly unsure of what the economic future will bring.
The EUR/USD [...]
Posted in Forex Blog
By admin on 28/02/2009
Today it was another typical sell off day for the euro and pound, after yesterdays short term rally found a temporary stop near 1.29 and 1.46. The currencies are trading on the downside today and dollar seems to find bidders at any selling opportunities. Stocks yesterday gained in New York and Asia, after investors heard [...]
Posted in Forex Blog
By admin on 20/02/2009
The euro and the pound rebounded from early in the Asian session today and continued through the European session, as investors were a bit more positive about the European economic outlook after German Prime Minister Merkel vowed that she will do everything in her power to boost the current economic deterioration. The risk appetite rose [...]
Posted in Forex Blog
By admin on 20/02/2009
The week has started with euro plunging once again, early Asian session and continued through European opening, after traders sold the euro against all other major counterparts! The main reason for the sell off was renewed worries regarding the Euro area countries, after a report showed that Eastern European emerging markets were in a high [...]
Posted in Forex Blog
By admin on 20/02/2009
The dollar continues to trade strong against its other major counterparts and for now it seems investors are favoring the US currency due to fear and uncertainty. The stocks fell yesterday before New York close and also during the Asian session, after another wave of bad economic data hit US, which sawed manufacturing sector plunging [...]
Posted in Forex Blog
By admin on 20/02/2009
Another week is coming to an end, with markets still trading on the negative sentiment present in the aftermath of US stimulus package agreement by the Senate! US stocks rose slightly yesterday and NIKEI followed in the same way after slight optimism that global leaders will agree on more help for struggling economies in this [...]
Posted in Forex Blog
By admin on 20/02/2009
Today’s most important event has been and gone, with markets being completely disappointed by Geithner’s new bank plan and also Bernanke’s outlay of the current economic situation and ways to dissolve the crisis. The investors are clearly not convinced after the Senate decided to pass the stimulus package earlier today, as the plan on how [...]
Posted in Forex Blog
