Dollar

Dollar Drops Against the Euro Prior to FOMC Meeting

The dollar dropped to almost four-month low against the euro as the Federal Open Market Committee prepares to meet today. Speculation is ripe that Fed will move to buy bonds as a measure to boost job growth...

Bernanke Could Announce an Open-Ended QE to Curb Joblessness

Ben S. Bernanke, the Federal Reserve Chairman, sought to explain his unorthodox monetary policies in conference in Jackson Hole Wyoming last month, might be selling his ideas to the Federal Open Market Committee which meets on September 12-13...

US Labor Market Disappoints as Speculation of Additional Easing Rose

Speculation that Federal Reserve Chairman will move to have his stimulus package accepted in the next Federal Open Market Committee meeting this week increased after a report from the US Labor department indicated that employment is growing at a slower pace than expected...

Dollar and Yen Registers Weekly Drops as Risk Appetite Returns

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After European Central Bank President Mario Draghi announced that policy makers had accepted his proposal for unlimited bond-buying program, the US dollar and the yen declined against commodity related currencies...

Major Forex Events This Week

US Non-Farm Payrolls and ECB’s bond-buying programs were the biggest market influencers last week. With volatility back into the market, investors will be looking at the US for the QE3 program and Germany as the ruling on legality of European Sustainability Mechanism facility. Here is a brief overview of major events this week...

Loonie Up against Majors on Employment Data and ECB Plan

The Canadian dollar increased against the US dollar to a more than four-month high after data suggesting that labor market is growing in the country was released on Sept 8 and European Central Bank officials released their bond-purchasing program...

Fed May Be Preparing for Stimulus this Month

The Federal Reserve Chairman Ben Bernanke defended his monetary easing program in Jackson Hole Wyoming, where he indicated that he would be deploying such action to curb the rising unemployment in the country...

Lackluster Payroll Growth Probably Due to Decline in Demand

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Economist are projecting that the US payrolls may have grown at a slower pace in August and unemployment is likely to remain above eight percent according to a report to be released by the Labor Department on September 7...

Fundamental Analysis for Pound/Dollar Pair

The GBP/USD cross is expected to remain neutral this week after trading in a narrow range last week and marginally increasing at the end of the week. The movements last week were primarily based on speculation of Fed Chairman Ben S. Bernanke providing some clues on the next quantitative easing program. With Bernanke indicating that QE3 is a possibility, the pound will now rely on 14 major events from UK to trade against the dollar. Here is a brief analysis of these events...

Why The Euro Might Weaken Against the Dollar this Week: Fundamental Analysis

The euro-dollar pair increased last week as the market speculated about the Federal Reserve Chairman’s speech at Jackson Hole. The pair closed the week above and month above 1.2587 after it challenged the resistance line at 1.2624. The market analysts expect the pair to be influenced by major events that will take place in the euro zone this week...

 

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