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Foreign exchangeForex trading
| Fri, 20 Nov 2009 23:39:28 +0000 Dollar-yen on the brink |
| As the dollar remains weak across the board thanks to renewed concerns about the strength of economy recover, the dollar-yen ratio currently sits just above major long-term support in the 87-88 yen range.
The longer out you look on the dollar-yen charts, the more clear it is that this currency ratio is at a major point of determination. Two year and five year charts clearly demonstrate that long-term dollar support rests at this 87-88 yen level, which was touched once between December 2008 and January 2009, and again in early ... Forex Rate - Forex and Exchange rates |
| Fri, 13 Nov 2009 18:22:28 +0000 Gold tries to hang on to $1,100 |
| While oil and several major currencies have been major beneficiaries of the weak dollar, gold has really shined in light of the less desired greenback. One ounce of gold currently fetches $1,104.52, according to goldmoney.com.
Gold closed at an all time high of $1,116.80 on November 11th and it has surged aggressively over the last several weeks after eclipsing its previous high of $1,020 in October. The long term upward trend in gold has actually carried on for most of the decade.
The price of an ounce of gold was ... Forex Rate - Forex and Exchange rates |
| Wed, 11 Nov 2009 14:43:11 +0000 Euro clears $1.50 |
| Based largely on dollar weakness and rising oil prices, the Euro is currently worth $1.5018, after reaching a new 52-week high at $1.5051. The same dollar weakness has pushed the Pound back near $1.67, kept oil near or above the $80 per barrel level, and has sent the spot rate of gold soaring past $1,100 to a current rate of $1,115 per ounce.
If you had to find a trading chart that epitomized the concept of a slow and steady, healthy rise, it would be the medium to long term ... Forex Rate - Forex and Exchange rates |
| Tue, 10 Nov 2009 16:59:15 +0000 Gold Slips to $1100, Offers “Zero Currency Risks” |
| THE PRICE OF WHOLESALE gold slipped 1% from Monday’s new record high early in London today, briefly drifting through $1100 an ounce as Asian stock markets closed the day higher but European shares held flat.
Crude oil ticked back down to $80 per barrel, but remained higher by one-third from this time last year.
The US Dollar held steady after Monday’s sharp losses. Ten-year Treasury bonds offered 3.45% in yield.
“A correction is reasonable after [gold's] run-up from around $1030 in a little over a week,” a researcher at Tokyo commodity brokers Okato ... Forex Rate - Forex and Exchange rates |
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