Category: Daily Forex Reports

Overnight Asia/Europe •    USD firmer overnight•    Stops seen in most pairs lifted USD•    Liquidation of GBP crosses continues

A potential $300 billion tax cut that includes business incentives proposed by the incoming Obama administration sparked hefty gains for the Dollar. The new economic package could provide a much needed spark for the U.S. economy.

Overnight Asia/Europe •    Early USD weakness gives way to strength•    Equities mixed, Oil firmer•    Speculation two-way on what will happen early in the year

Looking ahead to the 1st quarter of 2009, traders are advised to pay close attention to Barack Obama’s stimulus package. Obama’s stimulus package is likely to have an impact on the dollar in 2009. The U.S. may...

Forex traders may have noticed this week that currency prices are moving much more rapidly than normal. With the holiday season, most banks are coming and going from the market, and money is being pulled out by...

The approaching year end and illiquid forex market has produced large short term price movements. Traders may find opportunities to profit from these quick price spikes by closely following their hourly chart. With many large market makers...

For the first time in decades economists are saying that we are heading for another Great Depression. With stocks continually sliding, sales dropping, and almost all global economies contracting simultaneously, these economists may not be far off...

The weak U.S. economy continues to preoccupy investors as the economic outlook is bleak. Analysts believe that the Dollar will continue its downtrend deep into 2009, despite the recent Interest Rate cuts and stimulus packages.

Market View for Dec 19, 2008   Today we have witnessed spectacular moves in foreign exchange once again.  Today’s market has been a dollar positive across the board, with the dollar regaining ground against the Euro and...

Oil prices rallied in reaction to the record production cuts announced by OPEC, while the Dollar continued to give back the gains it made during the first 3 months of the financial crisis. In turn, the weak...