AUDUSD remains in downtrend from 1.0751, the rise from 1.0053 is treated as consolidation of downtrend. Key resistance is now at 1.0342, as long as...
AUDUSD remains in downtrend from 1.0751
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Weekly Recap and Outlook for the U.S. Financial Markets and Dollar – 11/08/2010
By Michael Trinkle, ForexTraders The U.S. Dollar declined for the most part against the other major currencies last week, with the notable exception of the Japanese Yen against which it rose by +1.2%. Despite rising only against the Japanese Yen last week, the Greenback made a fresh 15 year low of...
BOE exit strategy: raise rates, sell assets or both
Bank of England chief economist Dale says the BOE exit strategy from its super-easy monetary policy is likely to consist of a combination of raising rates and selling assets. Pretty straight-forward, really. Also crossing the wires is news from Germany that its tax take has fallen 7.1% y/y in May....
Dukascopy Afternoon Forex Overview - Sept 21 09
Previous session overview The dollar is stronger Monday in New York as the yen and higher-yielding currencies give back some of their recent gains versus the greenback while investors consolidate their positions. With markets in Japan, Singapore and several other Asian countries closed Monday for...
BOJ’s Mizuno says that its important for central banks to send message on exit strategy
The BOJ’s Mizuno is adding his opinions to the debate over Quantative Easing saying that buying bonds to monetise public debt would destabilise the bond market and that it is important that central banks to send message on exit strategy. Looks like a veiled dig at the Fed’s bond buying...
Canada’s Heart of Gold
Great job team Canada! I would like to extend my warmest congratulations and respect to all the great Canadian athletes who made us all proud. I’m a big hockey fan, so for me the highlight was the men’s hockey finals. What a game! My heart was pounding like a sledgehammer from start to...