Monday, November 23, 2009

Forex analysis : Daily forex news












Daily Analysis

Dollar Tumbles After Big Day on Wall Street
Tuesday, 24 Nov 2009 06:16:21 GMT


The Dollar decreased dramatically on Monday after a big day on Wall Street led to increased risk taking behavior among investors. An increase in equity and the price of commodities, as well as positive news on existing U.S. home sales had a dramatic effect on trading. Investors dumped their dollars in favor of high yielding currencies such as the EUR, which made impressive gains.


Full article    -   Forex News Archive


New York Close Forex Update

 
Gold Surges to Record Highs
Monday, 23 Nov 2009 21:32:44 GMT
 
The EUR and other higher yielding currencies maintained their gains during Monday's trading as global stocks, Oil and Gold rallied. Demand for the greenback was hurt by earlier comments from a Federal Reserve official. In an interview Sunday, Federal Reserve Bank of St. Louis President James Bullard said he would prefer the central bank to extend its purchases of mortgage-backed securities beyond March to give policy makers more flexibility in directing the economy toward recovery. The statement added to concern the market is being flooded with greenbacks, putting pressure on the currency.


Full article   -  Forex News Archive


Afternoon Forex Update

Gold Soars as the Dollar Weakens
Monday, 23 Nov 2009 12:01:55 GMT


The dollar weakened against most of its major currency counterparts during the morning trading session. The Dollar is currently trading lower against the GBP by nearly 100 pips at 1.6620. It is also trading lower against the EUR and CHF, as investors remain wary of making big bets in favor of the Dollar these days.


Full article   -  Forex News Archive

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