All Posts Tagged With: "Dollar forecast"

DOLLAR RETREATS ON SHIFT IN RISK APPETITE

Dollar Strength was stopped in its tracks showing only showing gains versus the Jpy. The EurUsd rose over 150pips to mid range of 1.32, while the UsdJpy added 80pips giving the pair significant ground above 90. The GbpUsd also displayed positive momentum trading through 1.47 up 100pips. Equities managed to close higher in the US and Europe, showing a reversal in the sharp downward trend in the financial markets this week. Commodities were mixed, but gold stood out nearly recovering most of this week’s losses. Both gold and oil gained 3% which was consistent with the pattern of risk appetite.…

16Jan2009 | Advanced Currency Markets | 0 comments | Continued

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