USD/JPY Trading Pair Trying To Gain Firm Grounds

Sunday, February 28, 2010

The dollars weakness seems to be falling even more and after loosing and declining to a high of 92.15 which was what was recorded on Feb 19th to a 88.80 low that was recorded on Thursday the pair of the USD/JPY had been trying to gain some grounds and on Thursday it seemed to happen. [...]

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The EUR/USD Trading moves over 1.3500

Sunday, February 28, 2010

The Eur is finally managing to stick to a position against the trading dollar and is said to be trading currently about the mark of 1.3500. The trading pair is currently at 1.3536. During the opening of the trading currency pairs, the pair had opened to 1.3542 and had an intraday trading high of 1.3542. [...]

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Euro/Yen Lowest in The Year

Saturday, February 27, 2010

The Euro had fallen against the Asian yen on Thursday and this is the first time it’s fallen to a one year low. This was because of a sting of news mostly about the fiscal deficit that Greece is which could also spill on to Spain. This is one reason why most dealers are now [...]

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The Greenback Falls against Major Currencies

Saturday, February 27, 2010

On Wednesday the dollar had fallen against most of the other major trading currencies. This was much ahead of the Ben Bernanke’s testimony who is the chairman at the Federal Reserve in front of the congress as well as when the data on the new home sales in the United States was released.
The Greenback had [...]

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GBP Falls Below 1.5500

Thursday, February 25, 2010

On Tuesday the British Pound had fallen as against the Dollar yet again. The GBP/USD could not contain itself and hold on to the 1.5500. This was seen after the speech that was made by M. King when the GBP fell to a rate of 1.5392. This was the lowest price that the GBP had [...]

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Loss of Consumer Confidence Sees Fall in US Stocks

Thursday, February 25, 2010

The U.S stocks on Tuesday saw a sharp fall after a few of the data reports showed that the confidence of its consumers had dropped considerably than what was expected on Friday.
During the early trading sessions in the US market, the Dow Jones Industrial Average was way below to 0.63% while the S&P index had [...]

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Yen gets Few Gains in Wednesday Trade

Wednesday, February 24, 2010

During Wednesday’s trade the yen had received a few huge gains and this was mainly because of the support of the inflows since the mood of the investors seemed to be darkened on doubts and concerns regarding the recovery of the economy all over the world.
The commodities as well as its stocks were much [...]

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Ringgit open on a Better Note

Wednesday, February 24, 2010

On Monday morning Feb 22nd, the Ringgit showed to have gained some firm ground, despite a few speculations that mentioned that the ringgit would further fall this week, because of the Fed’s new discount rates that were introduced sometime last week. The reason for the ringgit to open on a positive note was that there [...]

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Hot Money Inflow Into China’s Market

Wednesday, February 24, 2010

The hot money that will enter the market in Taiwan during this year would be one of the biggest challenges that the central bank in the island would face in 2010. This was according to a few analysts.
The data that was released last year showed a total of NT$8 trillion which was only hot money [...]

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Australian Dollar Rises, British Pound Decreases During Early Monday Trade

Wednesday, February 24, 2010

On Monday Feb 22nd the Australian dollar had opened at 0.8995 after it had encountered a rise in the United States on Friday and this was the reason why the greenback surged ahead against some of the major currencies of the world. The Australian dollar went down a cent immediately as it traded lower than [...]

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