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Kiwi Jumps After Employment Data

February 4, 2009 - by - Leave a Comment

NZD/USD got some strengh after the quarterly Employment Change was surprisingly good in New Zealand. NZD/USD now trades at 0.5080, making a quick leap. Employment in New Zealand is comparably in …

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Pending Home Sales Surprisingly High – Dollar Mixed

February 3, 2009 - by - Leave a Comment

Pending Home Sales in the USA rose by 6.3%. Early expectations were for an unchanged figure. This surprising figure currently doesn’t help the dollar, that was already losing ground during the …

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ISM Better – But Dollar Falls

February 2, 2009 - by - Leave a Comment

ISM Manufacturing PMI was better than expected, and scored . Surprisingly, the dollar fell against most currencies, after hitting a good start to the month. In this case, bad data …

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New Home Sales Fall Badly

January 29, 2009 - by - Leave a Comment

The New Home Sales figure in the US has dropped significantly, to only 331K, much lower than 395K that was expected. This is a terrible figure that shows that the American …

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Absolute Zero or a Non Event?

January 28, 2009 - by - Leave a Comment

Today’s rate decision in the US is considered by many as a “non event”. Rates are at a historic low, and the only thing that the Federal Reserve can supply …

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Better CBI Realized Sales Helps the Pound

January 27, 2009 - by - Leave a Comment

CBI Realized Sales in Britain were better than predicted, and fell by 47 points. This immediately lead Forex traders to buy the British pound, but in a quite limited manner. GBP/USD …

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EUR/USD Extends Rally on German Ifo Business Climate

January 27, 2009 - by - Leave a Comment

EUR/USD, which has made very nice gains in the past few days, seriously extended it’s gains when the German Ifo Business Climate at 9:00 GMT. The Euro broke resistance levels of …

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Obama Inagurated – Dollar still strong

January 20, 2009 - by - Leave a Comment

Barack Obama has been inaugurated as the 44th president of the USA. When he took the oath, he made a speech and talked about the economy. In his inauguration speech, …

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Gaza Ceasefire Declared by Israel

January 17, 2009 - by - Leave a Comment

The Israeli cabinet just approved a unilateral ceasefire in the Gaza war. This truce will begin on Sunday, January 18th, at 00:00 GMT, or 02:00 in the middle east. After …

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High Consumer Sentiment Sends Dollar Up

January 16, 2009 - by - Leave a Comment

The University of Michigan published the Prelim Consumer Sentiment, and it was better than expected – 61.9 . This is above expectations that stood on 59.2. A high figure like this …

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