Gaza War Widens just before Forex Trade Resumes
The conflict in the Gaza strip widens. Israel began moving tanks and infantry towards the Gaza strip. In addition, the Israeli government announced that over 6,000 reserve soldiers will be …
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Gaza War Will Make Oil Prices Higher
Today, Israel made a blitz attack on the Hammas strongholds in the Gaza strip. This is a big move in an ongoing conflict. Without getting into the complicated mideast politics, …
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Merry Chirstmas!
The US dollar became stronger just before Christmas. The current rates are EUR/USD 1.3968, GBP/USD 1.4681, and USD/JPY 90.69. Earlier today, the dollar weakened. All the moves are quite minor. …
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Low Market Volume is Strongly Felt
The holidays are already here. Today, two days before Christmas, the moves in the market were quite strange. The most peculiar currency is the most important one: the greenback. Despite …
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Dollar makes a comeback
The US dollar retracted against all currencies in the European and North American session. THe EUR/USD is back at about 1.44, the GBP/USD is at around 1.53 and the USD/JPY …
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Dollar plunges even lower
The US dollar plunges further down today, hitting a new low with the Japanese Yen. USD/JPY is at 87.92, the lowest since August 1995. A strong move was also made …
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As low as possible (almost)
Ben Bernanke made a sharp move – he lowered the US interest rate to almost the lowest possible value: 0.25%. One step further, and it’s zero – nothing. The sharp …
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BOJ may intervene to weaken the Yen
The Bank of Japan – BOJ is concerned with the Yen’s recent stength. The recent push to the Yen came after the congress failed to approve the bailout plan on …
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Euro breaking upwards
The Euro broke a resistance level this morning against the US dollar. The EUR/USD pair broke well above the 1.30 level, beyond the 1.308 level and keeps going up. The European …
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