Posts Tagged ‘ dow jones ’
The EUR/USD rallied to reach session highs as news of Greek austerity plan began to trickle out to the market. According to Dow Jones newswires, the Greek government will increase the VAT tax to 21% from 19%, freeze all pension payments and reduce civil service wages by 12% in an effort to control its growing [ READ MORE ]
Stronger economic data triggered a sharp rally in the foreign exchange market that has many traders wondering if the dramatic shift in risk appetite is here to stay. With the Dow Jones Industrial Average up more than 165 points, investors pulled their money out of the safety of U.S. dollars and put them back [ READ MORE ]
It has been an extremely volatile day in the financial markets with the Dow Jones Industrial average falling close 160 points only to recover aggressively in the last hour of trading to end the day in positive territory. The turn in risk appetite has caused a similar reaction in currencies with the dollar also [ READ MORE ]
It has been another active day in the financial markets with the Dow Jones Industrial Average plunging more than 200 points and the dollar moving in vastly different directions against the euro, Japanese Yen and British pound. Despite the lack of consistency in the dollar’s performance, there is one overarching theme in the forex [ READ MORE ]
The weakness of the U.S. dollar had a profound impact on the financial markets over the past 24 hours. It resurrected the uptrend in most of the major currency pairs, drove gold prices to a new record high and the Dow Jones Industrial Average to a yearly high. Dubai’s problems are quickly fading [ READ MORE ]
Trading in forex only seems easy. Now that the market is full of amateurs they are making very stupid mistakes. One trade should never make or break you. Too many beginners come to futures and forex trading betting the farm on one trade. They pick some seasonal opportunity, or they read something in the papers, [ READ MORE ]
After a brief pause, the world’s Central Banks (or at least those in Asia) have begun to once again accumulate foreign exchange reserves. I’m not one for hyperbole, but the figures are downright eye-popping: “Reserves held by 11 key Asian central banks totaled $2.625 trillion at the end of August, up from $2.569 trillion at [ READ MORE ]
This morning’s U.S. economic data was mixed but the price action in the currency market indicates that traders are struggling to remain optimistic. U.S. stocks opened in positive territory, with the Dow Jones industrial average hitting a fresh year to date high intraday. However after the milestone was achieved, stocks quietly gave back [ READ MORE ]
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