Geithner Fails to Inspire Confidence
Equity markets failed to respond positively to Treasury Secretary Timothy Geithner’s remarks which were short on substance and details about the bank rescue package.
Geithner and Forex Opportunity
The US dollar weakened slightly Monday February 9th amid uncertainties about the Obama administration’s financial stimulus package and bank rescue package. Treasury Secretary Timothy Geithner had planned to announce details of the plans on Monday but delayed his remarks until Tuesday leaving markets in limbo and limiting Forex opportunities.
Dollar Suffers Steep Decline
20 March 2009
US Dollar Selloff This week has been an active one for forex markets and has offered investors many new forex investment opportunities. Rising risk sentiment has prompted a sell off of the US dollar as forex brokers seek forex opportunities offered by several higher performing currencies. Euro Up 6% Since Last Week The Euro rose to $1.3646, the [...]
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Emerging Currencies Providing Forex Opportunity
11 March 2009
European and US Share Prices Rise The dollar’s rally ended on Wednesday as investors took advantage of forex opportunities provided by the news that both European and US share prices rose broadly. The return to risk appetite is providing many new forex investment opportunities globally. The news that banking giant Citigroup was profitable in January and [...]
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Risk Appetite and Forex Opportunity
23 February 2009
Risk Appetite Produces Forex Opportunities Risk appetite is back with all the forex opportunity that a return to risk taking brings. The Yen fell against the dollar and other major currencies as US regulators announced plans to inject new capital into the US banking system and dismal economic data continues to come out of Japan. Weaker Yen Richard [...]
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G7 And The Yuan
16 February 2009
Pound Gains on Friday On Friday the Pound gained on both the US dollar and the Euro as Forex brokers anticipated that the Pound’s weakness would be discussed at last weekend’ s G7 Meeting in Rome. Strong performances by global equity markets had Forex brokers and investors taking advantage of the Forex investment opportunities offered by higher [...]
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Dollar Gains on Yen
15 February 2009
G7 Meets in Rome On Friday the US dollar gained against the Yen and fell against other major currencies including the troubled Euro. All eyes were on the G7 conference taking place this weekend in Rome. The G7 meeting is expected to influence currency markets and affect forex investment opportunities. A G7 statement released late Friday mentioned [...]
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Pound Pounds Back
07 February 2009
Good News For the Pound The British Pound, which has taken quite a pummeling on currency markets got a bit of good news and achieved a two month high against the equally troubled Euro. The Pound also rose slightly against the Dollar as the Bank of England cut rates to a 300 year low. In am [...]
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