Forex markets continued to follow risk trends as the US Dollar was boosted by profit-taking on Asian stock exchanges. Overnight economic data saw Australian manufacturing sentiment drop to the lowest in six years while Japanese car sales plunged to the worst in nearly 3 decades.
Current Yesterday USD 1.16250 0.98750 GBP 3.01250 3.00000 EUR 2.94375 2.90375 JPY 0.59375 0.55625 CHF 0.53833 0.52500 AUD 5.18750 5.17500 CAD 2.50000 2.44167 NZD 6.68750 6.86250
Mon, 01th of December, 2008 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook After broke the descending triangle formation to the downside, the EURUSD continued it’s bearish momentum on Friday. The pair bottomed at 1.2646 and closed at 1.2690 . The bias is on the downside, targeting 1.2430 area.
The economic situation in Indonesia is similiar to that of several other emerging market economies, characterized by falling export revenue, shrinking government coffers, and capital flight. The consequent decline in the Indonesia Rupiah has almost become self-fulfilling. In other words, as skittish investors rush to move their capital out of Indonesia for fear of complete collapse, they are simultaneously making such a collapse more likely.
FAP Turbo is the name of the newest Forex robot. While doing my research for the FAP Turbo review I discovered that many people hadn’t heard of a Forex robot. A Forex robot is a computer program that analyses the Forex Markets looking for previously defined conditions in selected Forex markets.
Here is a video for this weekend.
US Dollar Bound to See Weak ISM, NFP Results – What Impact Will They Have? Euro Balancing The Influence Of Bailouts And An Expected ECB Rate Cut Japanese Yen May Fall As Seasonal Forces Grip the Forex Market British Pound Forecast Bearish Ahead of Bank of England Cuts Canadian Dollar May Fall As Labor Market Weakens
A steady stream of disappointing economic data added further gloom to British economic forecasts, and the general mood remains dour for the British Pound. Second revisions to Gross Domestic Product figures confirmed that the domestic economy finds itself in its worst slowdown since 1990-1991, and formal announcements of a fiscal stimulus package hardly boosted outlook for bearish economic trends.
The Canadian Dollar fought back against the greenback as the bailout of Citigroup and new efforts by the Fed to support consumer lending gave a boost to the carry trade.
Forex traders may see the Japanese Yen lose ground as seasonal forces take hold of the financial markets on approach to the end of the calendar year.
on Your First Move For Tuesday January 27th
