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Foreign Exchange Image by fave Rupee up by 5 paise on persistent dollar selling Mumbai, Jun 6 (PTI) The rupee continued to rule firm by gaining another 5 paise to end at 44.76/77 against the US currency on persistent selling of dollars by banks and exporters on the back of weak dollar in overseas.At the [...]
In the Fed’s statement policy makers showed concern about the low levels of inflation and left the door open for more quantitative easing, but didn’t agree to any steps right now. The knee-jerk reaction was to sell the Dollar in currency markets and we saw broad dollar-weakness as a result. News Provided by CMS Forex [...]
New Zealand Dollar Focus on 2008 High at 8215 Weekly Bars Prepared by Jamie Saettele The NZDUSD sports divergence with RSI on the daily now. The proximity of the last 2 RSI peaks is more bearish than if the peaks were far apart. The 2008 high at 8215 is the next level of interest on [...]
Rupee recovers marginally against dollar The rupee on Tuesday closed five paise up at 44.78/79 against the US dollar on bullish local equities and easing of crude oil prices. Read more on The Times of India Won, rupee up on foreign fund flows SINGAPORE: The South Korean won hit a seven-week high and the Indian [...]
New Zealand Dollar Short Term Objective at 7612 60 Minute Bars Prepared by Jamie Saettele After slightly exceeding 7812 in what may prove to be a bull trap, the NZDUSD reversed and weakness has unfolded in impulsive fashion. Like the EURUSD, an acceleration of weakness in a 3 rd wave is possible as long as [...]
by Tradingrichmom Question by blue_prince_of_dallas: Can I hedge against falling interest rates in the US dollar by holding a forex position? My CDs rates are falling because the Fed is depressing rates. That’s also sending the dollar down. Since our economy is slowing the Fed will probably drop rates more. I’m thinking that if I [...]
The fallout from the Fed’s statement yesterday continued today, with the US Dollar sliding against its major rivals – the Euro and Yen – higher yielders like the Aussie as well as gold. The Fed’s statement pointed to more quantitative easing in the future, which corrodes the value of the Dollar. Still some currencies like [...]
Australian Dollar Stubbornly Higher Near term, there is the risk of a move back to at least 9325 as the move from there is overlapping . The blue arrows on the chart indicate when RSI has been above 75. Read more on Daily FX via Yahoo! Finance FOREX-Euro wraps up best quarter vs dollar in [...]
Following the Bouncing Dollar No one can be sure how the latest Fed cut in short-term interest rates or the latest economic statistics will play out in the currency markets, but VantagePoint Intermarket Analysis Software charts can suggest some good short-term trades before they become obvious to everyone else. The U.S. dollar provided the most [...]