Dollar weakness resumes again on worry that subprime mortgage and credit market problems will deteriorate further that would trigger another…
Month: November 2007
Daily Report: Dollar Mildly Weaker But Still in Range
Dollar edges lower against European majors but after all it’s still bounded in established range. Fed’s Mishkin said overnight that…
Mid-Day Report: Yen Higher on Risk Aversion, Dollar Steady after ISM Services
Dollar remains steady after ISM non-manufacturing index unexpected rose from 54.8 to 55.8 in Oct, beating consensus of 54.0. On…
Daily Report: Dollar Recovers Mildly, More Consolidation to Follow
Dollar recovers mildly against European majors in quiet trading today. In particular, short term upside momentum in EUR/USD continues to…
Weekly Outlook: Dollar Tumbled Again Despite Solid Data; ECB, BoE, RBA Watched
In spite of a couple of bullish factors, dollar weakened sharply across the board last wee, with dollar index touched…
GalleonFX extends $1000 account minimum for another month
Hi everyone. In a previous post I mentioned that GalleonFX (a popular provider of Managed Forex Accounts) had a special going on where they would let you open up an account with…
Mid-Day Report: EUR/USD at New Record High on Carry Trade After Strong NFP
Initial reaction to the much stronger than expected Non-Farm Payroll report is like what’s discussed before, carry trade dominates. Even…
Money FAQ – What Every American Citizen Should Know About Money
What is the definition of a dollar? A dollar is a unit of measurement, much like a pound, a foot, or a mile. Specifically, the dollar is a unit of weight. It’s…