Archive for January 9th, 2009
While the Australian Dollar and New Zealand Kiwi technically started 2009 in the black, most analysts believe that both currencies will continue their record declines that began in 2008. All economic indicators continue to point downward, due to the adverse conditions created by the worldwide recession.
January 9th, 2009 | Posted in Forex, Forex News | 2 Comments
The New Zealand dollar pushed higher against the greenback for the fifth consecutive week as oil prices crossed above $50 a barrel for the first time in…
January 9th, 2009 | Posted in Forex | No Comments
The New Zealand dollar pushed higher against the greenback for the fifth consecutive week as oil prices crossed above $50 a barrel for the first time in nearly a month. The rise in crude drove the commodity-based currency to test 0.6000 during the week, but the sharp pullback in global commodity prices paired with the lack of momentum to close above the psychological resistance continues to favor a bearish forecast for the kiwi-dollar.
January 9th, 2009 | Posted in Forex | No Comments
The Canadian dollar has come off a very important run for fundamentals; yet it seems the nation’s tumble into recession was overshadowed by its neighbor’s…
January 9th, 2009 | Posted in Forex | No Comments
The Canadian dollar has come off a very important run for fundamentals; yet it seems the nation?s tumble into recession was overshadowed by its neighbor?s steeper decent. Looking ahead to this coming week though, the health of the Canadian economy and its currency will certainly build a presence of its own.
January 9th, 2009 | Posted in Forex, Forex News | 1 Comment
Swiss annual inflation dropped to 0.7% from 1.5% in December on the back of cheaper oil, while unemployment rose to its highest in almost 2 years as the…
January 9th, 2009 | Posted in Forex | No Comments
Swiss annual inflation dropped to 0.7% from 1.5% in December on the back of cheaper oil, while unemployment rose to its highest in almost 2 years as the drop in global demand for Swiss goods forced more firms to cut jobs.
January 9th, 2009 | Posted in Forex, Forex News | 3 Comments
In the forthcoming week, the euro may once again find a dominant, fundamental trend from its mature and wide range against the benchmark US dollar. That…
January 9th, 2009 | Posted in Forex | No Comments
In the forthcoming week, the euro may once again find a dominant, fundamental trend from its mature and wide range against the benchmark US dollar. That is because buried amid second-tier economic indicators we will receive the European Central Bank?s first rate decision for the new year.
January 9th, 2009 | Posted in Forex | No Comments
US Dollar Strength May Hinge Upon Risk Trends Once Again Euro?s Fundamental Path Will Be Defined By Critical ECB Rate Decision Japanese Yen Forecast Remains Bullish Amid Financial Market Distress British Pound Could Gain as Traders Pare Back Rate Cut Expectations Swiss Franc Heads Toward Support As Labor Market Weakens Canadian Dollar Struggles For Advance As Dour Data Matches US Australian Retail Sales Report Not Enough to Boost Australian Dollar New Zealand Dollar Interest Rate Outlook Weakens Further
January 9th, 2009 | Posted in Forex | 3 Comments