US Dollar: The U.S. dollar had a bullish performance today and gained considerably versus the euro and the yen as speculations rose that the Fed will start a process of lifting economic stimulus introduced during the worst moments of the global slump to revive the U.S. economy.

The dollar [...]]]>

Dollar Climbs Before Year End on Business Activity

US Dollar: The U.S. dollar had a bullish performance today and gained considerably versus the euro and the yen as speculations rose that the Fed will start a process of lifting economic stimulus introduced during the worst moments of the global slump to revive the U.S. economy.

The dollar benefited today from a business activity report that came much above forecasts, interpreted as another solid evidence that an economic recovery is on the way in 2010 for the U.S., which could prompt the Federal Reserve to lift stimulus and raise its benchmark interest rates, currently maintained at an all time record low. The dollar has gained almost 5 percent this month versus the euro, as the European common currency is being hurt by some of its member countries’ financial struggles, specially Greece during the past two weeks, after it had its credit rating downgraded by an important financial institution.

Market sentiment shifted towards the dollar, and it’s likely to remain bullish in 2010, according to analysts. Consecutive positive reports in the U.S. will likely to change Fed’s monetary policy sooner or later, and the next move is likely to be hawkish, which would set the dollar to further gains next year.

EUR/USD traded at 1.4341 as of 17:33 GMT from 1.4398 in the intraday. USD/CHF traded at 1.0360 from 1.0324.

WORLD FOREX: Euro Gains As Dubai Gets $10-Billion Financing MarketWatch By Takashi Nakamichi TOKYO (marketwatch) — The euro rose against the dollar in late Asian trading Monday as worries about Dubai’s debt crisis waned on news …

WORLD FOREX: Dollar Down [...]]]>

Forex Market News Dec 15 2009

WORLD FOREX: Euro Gains As Dubai Gets $10-Billion Financing
MarketWatch
By Takashi Nakamichi TOKYO (marketwatch) — The euro rose against the dollar in late Asian trading Monday as worries about Dubai’s debt crisis waned on news …

WORLD FOREX: Dollar Down Slightly Vs Euro After Dubai Bailout
Wall Street Journal
By Don Curren Of DOW JONES NEWSWIRES TORONTO (Dow Jones)–The US dollar is modestly lower against the euro and yen Monday morning as the resolution of …

FOREX-Dollar soft as Fed meets, data in focus
Reuters
By Anirban Nag SYDNEY, Dec 15 (Reuters) – The dollar was subdued on Tuesday, pulling away from recent two-month highs against the euro, with markets wary …

Forex: BoJ Tankan: Business Sentiment Improves In Dec. Quarter
ForexTV.com
(RTTNews) – Sentiment among large manufacturers in Japan improved in the December quarter of 2009, the Bank of Japan said in its quarterly Tankan Survey on …

Forex: Representative Bart Gordon Will Not Seek Re-Election In 2010
ForexTV.com
(rttnews) – Representative Bart Gordon, D-Tenn., announced Monday that he will not seek re-election in 2010. “Turning 60 has led me to re-evaluate what’s …

Forex: Lieberman Indicates Opposition To Health Care Reform Including Medicare …
ForexTV.com
(rttnews) – Senator Joseph Lieberman, I-Conn, indicated Sunday that he would oppose a health care reform bill that included a proposal to expand Medicare …

Forex: Obama Meeting With Banking Leaders, Some Unable To Attend Due To Weather
ForexTV.com
(rttnews) – While President Barack Obama is meeting with leaders of the financial services industry at the White House on Monday, the heads of some of the …

Forex: Recount Increases Incumbent President’s Lead In Romania
ForexTV.com
(rttnews) – A recount of invalid votes from Romania’s presidential run-off only helped increase the lead of incumbent President Traian Basescu, …

Forex: US Not To Sign Peace Deal Unless North Korea Abandons Nuclear Program
ForexTV.com
(rttnews) – Stephen Bosworth, US President Barrack Obama’s special envoy dealing with North Korea’s nuclear issue, asserted Washington’s stand that it will …

Developing a Successful Forex Mindset
Benzinga
As a priority, aspiring traders need to develop a mind-set that will allow them to trade the Forex Market successfully. They must realise that emphasis …

China Forex Regulator: Weakening US Dollar A Long-Term Trend Wall Street Journal China’s forex reserves have grown from US$2.27 trillion at the end of September, the last month for which official data are available, Wang told Dow Jones …

Brazil Real Ends Stronger On Government Forex-Policy Comments Wall Street Journal RIO DE JANEIRO (Dow Jones)–The [...]]]>

Forex Markets. Forex Investment News 12-4-2009

China Forex Regulator: Weakening US Dollar A Long-Term Trend
Wall Street Journal
China’s forex reserves have grown from US$2.27 trillion at the end of September, the last month for which official data are available, Wang told Dow Jones …

Brazil Real Ends Stronger On Government Forex-Policy Comments
Wall Street Journal
RIO DE JANEIRO (Dow Jones)–The Brazilian real ended stronger against the US dollar Thursday, aided by government comments that the main moves to control …

Brazil’s Real Opens Stronger On Minister’s Forex Comments
Wall Street Journal
RIO DE JANEIRO (Dow Jones)–Brazil’s real opened stronger Thursday following finance ministry comments that main government actions against excessive …

FOREX-Euro holds gains as ECB rates unch;Trichet eyed
Reuters
By Tamawa Desai LONDON, Dec 3 (Reuters) – The euro held earlier gains against the dollar on Thursday after the European Central Bank left interest rates …

FOREX-Dollar, yen slide after bofa payback; ECB awaited
Reuters
By Satomi Noguchi TOKYO, Dec 3 (Reuters) – The yen and the dollar fell on Thursday after Bank of America said it would repay $45 billion of taxpayer bailout …

Brazil fin min plans no new forex measures-report
Reuters
SAO PAULO, Dec 3 (Reuters) – Brazil does not have more plans in the offing to arrest a recent rally in the nation’s currency, Finance Minister Guido Mantega

Forex: Sen. Bunning Lashes Out At Bernanke, Will Seek To Delay Nomination
ForexTV.com
(rttnews) – In his remarks at Federal Reserve Chairman Ben Bernanke’s reconfirmation hearing before the Senate Banking Committee on Thursday, …

Forex: Waxman Urges Regulators To Look Carefully At Comcast-NBC Universal Deal
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(RTTNews) – House Energy and Commerce Committee Chairman Henry Waxman, D-Calif., released a statement Thursday in which he urged regulatory agencies to look …

Forex: Putin To ‘think About’ Running For Presidency In 2012
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(rttnews) – Russian Prime Minister Vladimir Putin has said that he will not leave Russian politics in the near future, hinting at the possibility of running …

BALANCING RISK WITH REWARD IN FOREX: HOW TO BECOME A SUCCESSFUL TRADER
ForexTV.com
Risk is a permanent feature of forex trading. All traders know that profitability is the result of taking limited risk with great potential rewards, …