Dollar and Yen floating aimlessly on new year’s eve
The US Dollar floated today near its 16-week highs due to a generally weak Yen. Due to the holiday, low volume of trading in the forex markets along with general weakness in the Yen, contributed to keeping the Dollar up near its highs and the Yen languishing.
The Yen has been weighed down lately on account [...]
Aussie falls with softer Gold and strong Greenback
The Aussie appears to be facing stiff upward resistance today as it fell badly today, primarily on account of a softer gold market, and buying in the US Dollar and the Euro. During the Asian currency market session, the Australian Dollar had fallen to the .8924 level, after having made a weekly high of .8992 [...]
Yen takes a dive
The Japanese Yen took a massive hit as the Bank of Japan threatened intervention in the currency market. The USD/Yen pair rose to a high of 91.79 on account of heavy demand for the US dollar from the Japanese export market.
Taking a cue from the sentiment for the coming year, traders have been building [...]
Good times ahead for the US Dollar
Since earlier this month, the Dollar has been on an upward movement, touching a high last week on the 14th when it hit 98.97. it has fallen only once since and today it continues to move upward making a new 2 month high at 91.85 (yesterday), trading range-bound today around 91.55 to 91.80. the 91.85 [...]
Aussie falls to a new 2 month low
The Australian dollar today fell to a fresh 2 month low of .8760 versus the US Dollar, from its earlier highs of .9195 from earlier this month. The Aussie-Greenback pair fell primarily on account of the positive investor sentiment on the US economic recovery, which is expected to lead to a withdrawal of stimulus incentives.
An [...]
Getting Started with the Gold Trading Exchange
There certainly are a number of different ways that you can begin trading gold on the open market. Many times, it has more to do with getting started with a Forex broker that also allows you to trade in precious metals and a variety of other items, such as crude oil. Once you understanding the [...]
The Gold Trading Symbol
Of all the different commodities and currencies they can be traded on today’s market, gold is probably one that is the most popular. After all, gold has been used for thousands of years as a type of currency in almost every civilization that has existed since the dawn of man. It is a beautiful metal [...]
Price of Gold breaks $1,110/oz – $1,100/oz being tested. Dollar strengthens.
Gold continues to plummet which has resulted in the price reaching the lowest it has been since November 11th 2009 @ $1,100.96/oz.
Investors are taking advantage of the drop in the price of gold in reaction to the monetary policy statement from the Fed.
At the same time, the dollar advances and continues to strengthen – dollar [...]
How To Find a Crude Oil Ticker…
If you’re interested in looking for a crude oil ticker, there are a number of different places where you can find one. Many times, it really has to do with identifying the crude oil numbers that come across the ticker that you may have available to you. Let’s take a look at a few different [...]
