US Employment The Fed’s Beige Book revealed the pace of economic decline had moderated or stabilized at a low level in most districts adding that the manufacturing sector remained subdued but slightly more positive than in the past. The Fed said there was still slack in the labor markets, [Continue Reading]
July 17 (Bloomberg) US Dollar Rupiah and Indonesian Bombing The bombing triggered a brief flight to safety into the dollar and the yen in Asian trading. The Indonesian rupiah weakened 0.5 percent to 10,175 per dollar, after dropping as much as 1 percent, the most since June 23 as bombs exploded [Continue Reading]
A Strong Dollar Strategy July 15 (Bloomberg) – U.S. Treasury Secretary Timothy Geithner said in an interview with Al-Arabiya television that the administration of President Barack Obama favors a strong dollar and expressed confidence the greenback will remain the main reserve currency. The yen [Continue Reading]
Master Forex Demo Forex Trading Contest The mid-week performance of the participants of Demo Forex Trading Contest using Demo Account organized by Master Forex is as follows: Account Country Balance 1 4658024 Russia 32 880 2 4654209 Russia 22 310 3 4657496 Egypt 11 340 4 4656952 [Continue Reading]
Headlines on the Drop of the US Dollar The news headlines for last week trade was more on the US Dollar. As reported in Bloomberg: The Dollar Weakens and GBPUSD: Dollar Weakens and Pound Strengthens, trading for last week and on Friday in particular was not in favor of the US Dollar. The Dollar [Continue Reading]
Dollar Weakens The dollar was under selling pressure and declined further to the lowest level against the Euro, Pound and Yen. Against the Euro it is it declines to the lowest since January. The weakening of the Dollar started in March after the Federal Reserve announced its plan to buy up to [Continue Reading]
The Dollar Weakens May 19. Bloomberg reported that the Dollar fell against most of its major counterparts after three U.S. financial firms seeking to return government bailout money fueled speculation banks have sufficient cash, reducing demand for the safety of Dollar-based investments. Brazil [Continue Reading]
Pound Strengthens May 18 (Bloomberg) — The pound rose against the euro and the dollar after an industry report showed U.K. home sellers raised asking prices in May by the most in more than a year. The Pound appreciated to 88.24 pence per Euro from 88.93 pence on May 15. It also rose to [Continue Reading]
Euro Declines as Economy Contracts Most in at Least 13 Years May 15 (Bloomberg) — The euro fell against the dollar and extended a weekly loss versus the yen as the economy of the 16- nation region contracted the most in at least 13 years, raising concern the pace of recovery will be [Continue Reading]
