We are going to keep an eye on the Canadian Dollar today. The Bank of Canada’s governor is giving a speech today [...]
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Watching Canadian Dollar
June 11 2009, 5:04pm | Comments »
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WORLD FOREX: Dollar Gains Broadly As Stocks Slip
By Don Curren TORONTO (Dow Jones)--The dollar advanced broadly Wednesday, with gains against the euro and other currencies accelerating in afternoon trading ...
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June 10 2009, 11:47pm | Comments »
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Brazil says IMF move not intended to weaken the dollar
Brazilian finance minister Mantega says his countries $10 bln contribution to the IMF is not intended to weaken the dollar. Maybe not, but that has been the effect thus far. The market is concerned that Brazil will dump $10 bln in Treasuries to buy bonds from the IMF. US 10-year notes are at 3.93%, their highest since last October. An auction is underway with results due at the top of the hour, which could be contrubuting to the weakness of Treasury prices. EUR/USD has rebounded back above 1.4000 on the Brazilian news.
June 10 2009, 7:20pm | Comments »
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Gold Climbs with a Depreciating Dollar
By Fast Brokers - Gold continues its recovery from our 2nd tier uptrend line and the psychological $950/oz level as it rises [...]
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- Forex
- Dollar
- Depreciating
June 9 2009, 7:12pm | Comments »
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Chinese Vice Foreign Minister: No one is talking about “dumping the dollar”
China’s Vice Foreign Minister He Yafel says China has no intention of abandoning the dollar. Speaking at a news briefing on President Hu Jintao’s forthcoming trip to Russia, where he will attend an inaugural summit of the BRIC countries, He Yafel said that the idea of a super-sovereign currency is being discussed by acedemics, but “nobody is talking about dumping the dollar.” The USD has garnered some improvement from the comments, EUR/USD presently at 1.3900 having earlier posted a 1.3963 session high.
June 9 2009, 12:31pm | Comments »
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How Far Can the Dollar Fall?
I was quite amazed when I looked back to see how long it’s been since I’ve put together a Dollar Index (NYBOT_DX) video. I had to look back to September of 2008 to find the last series of videos I had done specifically for the Dollar Index, and it proved to be successful. In today’s video we will look at the Dollar Index and the impact it is having on crude oil (NYMEX_CL) and other major markets. I’ll also make a rather surprising prediction as to the most likely trend the dollar is going to take in the next 12 months. This is a video you will not want to miss as the ramifications of inflation and the dollar are rather shocking. I will show you how MarketClub has used the same approach in the same market using our “Trade Triangle” technology to trade this index and just how successfully this approach has been. http://www.ino.com/info/196/CD3336/club.ino.com%2Ftrading%2F2009%2F4%2Fsee-how-we-did-trading-corn-wheat-soybeans-crude-oil-gold-and-the-dollar-index-for-q1-of-this-year%2F I strongly recommend that you watch my earlier Dollar Index video and then watch the new one. This will give you more confidence in using our “Trade Triangle” approach. http://www.ino.com/info/370/CD3336/&dp=0&l=0&campaignid=3 As always, the videos are free to watch and there is no need to register. I would love to get your feedback about this video and your own predictions about these markets on our blog. All the best, Adam Hewison President, INO.com Co-creator, MarketClub
June 3 2009, 8:38am | Comments »
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How Far Can the Dollar Fall?
By Adam Hewison - I was quite amazed when I looked back to see how long it’s been since I’ve put together a Dollar Index...
June 2 2009, 4:02pm | Comments »
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