The US GDP The US GDP is a gauge of the overall output of goods and services of the U.S. economy. It is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy. If the figure increases, then the economy is improving, and thus the dollar tends to strengthen. If the number falls
The US Dollar and the Japanese Yen headed for the biggest weekly declines against the euro since May as U.S. housing starts rose and companies reported earnings that topped analysts’ estimates, boosting demand for higher-yielding assets. The market is indecisive and lack of conviction as you have two distinct camps of bulls and bears
Quantitative Easing Program Discussions of extending the quantitative-easing program beyond the 150 billion pounds is going on. It is a sterling negative action if you view that printing money is a way of cheapening the currency. A cheaper Pound could be the way to stimulate the economy and spurs economic recovery. The probability
US Dollar Dived The confidence on the US Dollar, the US Banking System and its Monetary Policy is eroding. This was earlier expressed in Low Confidence in the US Dollar and Brazil and China not using the US Dollar . Now, another member of the Group of 20, Russia is shouting about a new global currency to replace the US Dollar. In the Forex
Forex News on the Euro, Pound, Dollar & Yen this week There are several high impact Fundamental Forex News coming out this week. On Monday, we have the Euro Zone Current Accounts Report. This report which summarizes the flow of goods, services, income and transfer payments in and out of the Euro-zone nations to other countries. This
The Pound is weak coupled with a stronger Dollar GBPUSD is still on a downtrend: SHORT GBPUSD SHORT POSITION at: 1.4740 STOP LOSS at: 1.4790 TAKE PROFIT at: 1.4500 OP, TP & SL at your own RISKS
Nov. 14 (Bloomberg) -- The yen rose, heading for weekly gains against the euro and the dollar, as a drop in U.S. retail sales prompted speculation investors will sell higher-yielding assets and pay back low-cost loans in Japan's currency. The dollar was poised for a second weekly gain versus an index of the currencies of six major trading
