Dollar Gains-Pulls Back From 14 Month Low
Fed to Change Policies as Recovery Takes Place The US dollar pulled back from a 14 month low on Friday after remarks by Federal Reserve Chairman Ben Bernanke who said that the Fed will tighten monetary policies when recovery is apparent. The Canadian dollar rose as data showed that Canada added sic times as many jobs [...]
G 20 Unlikely to Disrupt Positive Trends
Fed to Continue Mortgage Backed Securities Program On Wednesday (Sept. 23rd) the dollar hit a new low against the euro and declined against the Japanese yen after the US Federal Reserve said in a statement that the US economy is recovering and that the Fed will continue, but slow, the purchase of mortgage backed securities. As [...]
Aussie and Kiwi Dollars Decline in Advance of FOMC, G 20 Meetings
Declining Stocks, Commodities, Gold Spur Safe Haven Demand Last week’s big winners, the Aussie and Kiwi dollars fell for the third straight day against the US dollar as declining stocks, commodities and gold spurred safe haven demand. The Federal Open Market Committee (FOMC) meets Tuesday and Wednesday to decide monetary policies putting downward pressure on both [...]
Dollar Falls vs. Euro, Yen
Dollar at One Year Low The already beleaguered US dollar fell to a one year low against a basket of currencies on Wednesday (Sept. 16th). Higher global share prices pared safe haven demand as investors sought higher yielding assets. The Japanese Yen reached a seven month high against the greenback after Japan’s incoming finance minister said [...]
Forex Trading and Islam
Forex trading has become wildly popular worldwide and the Islamic world is no exception. It has been estimated that the amount of money invested in Shariah compliant investments totals over $2.7 trillion dollars.
Euro May Fall by Summer’s End
Andrew Wilkinson of Interactive Brokers Group is predicting that the euro could fall as low as $1.33 by the end of summer. Arguments in favor of the euro include the fact that the Euro Zone has been more temperate in addressing the recession than the US and the UK both of whom have injected billions into their economies in attempts to address the financial crunch and credit crisis.
Good News For the Dollar
In the US the unemployment rate fell for the first time in fifteen months and fewer jobs were lost than expected. Emerging markets are starting to benefit from the recovery. Nick Chamie of RBC Capital stated, "Emerging markets are hopefully going to benefit from a global recovery that gains a bit more traction in the second half of this year."
Dollar Gains-Pulls Back From 14 Month Low
09 October 2009
Fed to Change Policies as Recovery Takes Place The US dollar pulled back from a 14 month low on Friday after remarks by Federal Reserve Chairman Ben Bernanke who said that the Fed will tighten monetary policies when recovery is apparent. The Canadian dollar rose as data showed that Canada added sic times as many jobs [...]
Posted in Featured Articles, Forex MarketComments Off
G 20 Unlikely to Disrupt Positive Trends
23 September 2009
Fed to Continue Mortgage Backed Securities Program On Wednesday (Sept. 23rd) the dollar hit a new low against the euro and declined against the Japanese yen after the US Federal Reserve said in a statement that the US economy is recovering and that the Fed will continue, but slow, the purchase of mortgage backed securities. As [...]
Posted in Featured Articles, Forex MarketComments Off
Aussie and Kiwi Dollars Decline in Advance of FOMC, G 20 Meetings
21 September 2009
Declining Stocks, Commodities, Gold Spur Safe Haven Demand Last week’s big winners, the Aussie and Kiwi dollars fell for the third straight day against the US dollar as declining stocks, commodities and gold spurred safe haven demand. The Federal Open Market Committee (FOMC) meets Tuesday and Wednesday to decide monetary policies putting downward pressure on both [...]
Posted in Featured Articles, Forex MarketComments Off
Dollar Falls vs. Euro, Yen
16 September 2009
Dollar at One Year Low The already beleaguered US dollar fell to a one year low against a basket of currencies on Wednesday (Sept. 16th). Higher global share prices pared safe haven demand as investors sought higher yielding assets. The Japanese Yen reached a seven month high against the greenback after Japan’s incoming finance minister said [...]
Posted in Featured Articles, Forex ExchangeComments Off
Forex Trading and Islam
31 August 2009
Forex trading has become wildly popular worldwide and the Islamic world is no exception. It has been estimated that the amount of money invested in Shariah compliant investments totals over $2.7 trillion dollars.
Posted in Featured ArticlesComments Off
Euro May Fall by Summer’s End
12 August 2009
Andrew Wilkinson of Interactive Brokers Group is predicting that the euro could fall as low as $1.33 by the end of summer. Arguments in favor of the euro include the fact that the Euro Zone has been more temperate in addressing the recession than the US and the UK both of whom have injected billions into their economies in attempts to address the financial crunch and credit crisis.
Posted in Featured ArticlesComments Off
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- Dollar Gains-Pulls Back From 14 Month Low
- G 20 Unlikely to Disrupt Positive Trends
- Aussie and Kiwi Dollars Decline in Advance of FOMC, G 20 Meetings
- Dollar Falls vs. Euro, Yen
- Forex Trading and Islam
- Euro May Fall by Summer’s End
- Good News For the Dollar
- S & P’s 500 Index Q2 Reports Due This Week
- Dollar Not Likely to be Challenged at G 8 Meeting
- Recovery Hopes Pressure Dollar
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