New York Close Forex Update
USD Still Rising; Oil Plummets towards $75 a Barrel
Thursday, 21 Jan 2010 20:24:17 GMT
Today's market movements fell in line with many of today's expectations. Given the series of negative data releases from Europe over the past few weeks, not many analysts were expecting today's manufacturing and services figures to improve the situation. European data fell short of expectations, leading the EUR to continue declining against many of its major counterparts.
Full article | Forex News Archive
Afternoon Forex Update
Chinese GDP Results Lead to Dollar Gains
Thursday, 21 Jan 2010 14:10:52 GMT
The U.S. Dollar received a considerable boost in trading today, as persistent concerns regarding Greece's debt management as well as China's economic growth brought investors to the greenback. The European Commission remains adamant that no additional financial assistance will be provided to Greece. At the same time, Portugal has been warned regarding its ballooning budget deficit. EUR/USD has continued its downward trajectory and is currently trading around the 1.4075 level.
Full article | Forex News Archive
Daily Analysis
USD and JPY Continue to Rise as Stocks Decline
Thursday, 21 Jan 2010 07:43:47 GMT
American and European stocks traded lower this week due to risk aversion among traders, and this has helped support the Dollar's resurgence. With a EUR-heavy news day ahead of us, the USD may take a back-seat during the morning hours. A slew of positive releases from the Euro-Zone could allow us to see a rebound in a few of the major pairs. On the other hand, if Europe's data falls short of expectations, traders should anticipate a continuation of the bullish run in the USD.
Friday, January 22, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment