Forexpros.com Daily Analysis – 08/12/2009
Forexpros Daily Analysis Dec 8, 2009 Fundamental Analysis: Interest Rate Decision The Reserve Bank of New Zealand (RBNZ) will release its decision on short term interest rate Tomorrow (Dec 9).
Month: December 2009
USD/JPY 88.86 – 8 December 2009
USD/JPY Open 89.36 High 90.50 Low 88.59 Close 89.48Dollar/Yen continued its bearish movement on Monday, as expected, from 90.50, reaching a bottom at 89.16, and closing the day at 89.48. Of the 1 hour chart the 89.72...
What If the Dollar Takes Off? By GoLearn Forex
NZD/USD: We are not suggesting the Dollar bulls are running wild, however, every rally in hindsight has a defining moment. Every forex trader on the street is aware that when the Dollar bulls get set free they...
Market Flat on Monday by GoLearn Forex
Global Equity Markets were off slightly Monday. A combination of light volume and a lack of any real economic data releases left markets essentially flat as traders continue to be risk averse heading into year end. The...
GBP/USD 1.6382 – 8 December 2009
GBP/USD Open 1.6458 High 1.6516 Low 1.6315 Close 1.6445Pound/Dollar continued descending on Monday. The currency couple first tried to reach higher, making a top at 1.6516, where further bullish momentum was limited, and the Cable renewed its...
Daily Forex Analysis by Finexo.com 8/12/2009
USD Monday saw the Dollar rise to levels not seen in more than five weeks against a basket of currencies, extending Friday’s rally that was sparked by a much better than expected jobs report. The trading patterns...
Bernanke’s Speech Weakens the Dollar as Interest Rate Changes are Doubtful
The dollar fell today after Federal Reserve Chairman Ben Bernanke gave comments concerning the slow recovery of the U.S. economy may keep inflation low. This hints towards a continued Fed policy of lower interest rates for the...
EUR/USD 1.4852 – 8 December 2009
EUR/USD Open 1.4833 High 1.4900 Low 1.4766 Close 1.4826Euro/Dollar continued decreasing on Monday, from the 1.4900 peak to the 1.4766 bottom, closing the day at 1.4826. On the 3 hour chart the upward channel was broken downwards,...
Is the Dollar Recovering?
Due to a much better than expected U.S Non-Farm Employment Change figures for November, the Dollar rose against all the major currencies on Friday. Moreover, this has been one of the first times since the recession began...
USDCAD Analysis – December 5, 2009
USDCAD continues to trade in range between 1.0405 and 1.0852. As long as 1.0852 resistance holds, another fall towards 1.0000 is expected after consolidation. Key resistance is at 1.0852, only rise above 1.0852 will indicate lengthier correction...