Elected President Barack Obama and Dollar

 
Overall public around the world and American one in particular are worried about the incoming Obama administration. The presidential campaign promised to raise capital gains a marginal taxes are view b many as a dangerous step in a debilitated economy.  Elected President’s plan will have little to no effect on positive views for the U.S. [...]

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Dollar going down versus Euro: Citigroup being saved

As the U.S. government agrees to inject $20 billion to rescue Citigroup, the dollar falls against the euro and a basket of currencies on Monday, as risk aversion eased.
European stocks rose, while U.S. stocks pointed to a positive opening in Wall Street. Traders are showing a higher appetite risk. However the forex market is [...]

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What Obama Faces

By Mia Pierson
Elected U.S President, Barack Obama will take office at a time of economy struggling. Analysts are warning of a potential long recession.

Below is a resume of the recent economic data showed in the U.S:
* U.S. gross domestic product shrank at a 0.3 percent annual rate in the third quarter, the biggest contraction in [...]

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South Korea´s won down

The won closed with an almost 4 percent dropped against the dollar on Friday, after data showed an economical growth 4-year low in the third quarter, feeding fears of an economical downturn in economics for the 2009 year.
 
Won rapidly cut much of its early losses and the foreign authorities were spotted selling dollars, to support [...]

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Yen´s going up, Euro goes down

Facing a tremendous general recession fear, the forex market opened to a yen rising against the dollar and euro, as more signs of economical weakness in the U.S. hit the FX market.
Despite the fact that governments all over the world have been injecting massive amounts of money into troubled banks, looking to reduce the [...]

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Plan display: How will it work?

U.S. Government come out with a plan to inject %250 billion into struggling banks and guarantee a beat back on the financial crisis that has economy under threat.
Following are details of the U.S. Treasury Department’s recapitalization plan and the Federal Deposit Insurance Corp.’s decision to guarantee 100 percent of banks’ unsecured debt and non-interest [...]

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Thursday showed market relief-FX

Wall Street- Forex markets breathe some relief
After six days of sharp declines, the European markets opened higher on Thursday, just one day after the world central banks joined in an effort to cut borrowing costs. Forex trading felt some ease.
Although the instability can still be sense in the forex markets, Traders have a clearer [...]

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Dollar remains strong

 
We´ve seen a lot of movement in the market this week. The NIKEI dropped almost 1000 points last night and DOWN JONES still trades down below 10.000. The overall feeling of the market remains negative.
 
Bernanke spoke in Washington late last night and clarified to investors the economy´s suffered greater damage than expected, so the bank [...]

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Is the dollar going to remain strong?

 
The week started off with all markets in red and the Down Jones breaking the 10000 level for the first time since October 2004.
 
What was observed yesterday went beyond reason and normal behavior, and many traders around the globe were left shaken and confused by the markets actions.  This surprised move was due to a [...]

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Euro going down against US dollar

This week starts with a general weakness on the currency trading, especially against the dollar, after the pair closed at 1.3780 on Friday and opened Sunday night at 1.3630. The euro felt its lose in Asia as well, and continues to trade on the down side breaking the support level of 1.3580 and breaking a [...]

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