Forex

While we see a steady improvement in the home sales data; it is important to keep a close eye on the credit side of this sector as well. Trouble in this area could have far more dire consequences for the broader financial markets – much less housing. Another interesting, but under-the-radar, report to keep an eye on is building discussion about State bankruptcies. This would be similar in nature to EU members going bankrupt. Looking ahead to next week, both risk appetite and the dollar are prone to seeing dramatic developments in trend.

Forex

In the meantime, fundamental offerings on the US docket Friday were not immediately market-moving. The 4Q earnings season found a big boost from a range of important reports. GE and Google carried the upper end of the spectrum; but systemically important Bank of America reported a miss. What’s more, with the New York Fed trying to force the company to take back 10’s of billions of dollars worth of bad mortgages, its five-fold increase in loan loss provisions to $4.1 billion means this is a serious concern on both sides.

Forex

It is in itself remarkable that this pair was the one to make significant progress (bearish progress at that) given its liquidity and fundamental anchor. At the same time, the absence of an aggressive move in underlying themes means the dollar will remain wide open to a dramatic shift particularly a plunge in risk appetite.Forex trading is not so simple but it is very efficient and now a days many businesses is related with forex

Forex

It wasn’t an encouraging level to end the week. The US dollar managed to hold its bearings against the commodity currencies; but it stumbled when measured against the other majors. Notably, GBPUSD fully retraced the bearish progress traced out following its nine-consecutive day advance; while both USDJPY and USDCHF gave up more than half their gains from Thursday. However, the worst of the damage was assessed with EURUSD. Looking to end the week with little question about its bearings, the benchmark currency pair surged for the third time this week to easily clear the 1.3450 to 1.2900 congestion pattern that has restrained price action for nearly two months.

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The euro experienced a staggering slide in 2010, but it wasn’t as impressive as many pessimistic forecasts would let us believe. Still, the debt problems in the European Union persist and the crisis is spreading, therefore 2011 doesn’t look like a very good year for the shared European currency.The US dollar was weakening in 2010 amid the concerns about the US economy and as the quantitative easing damped the appeal of the currency. On the other hand, the dollar managed to rise somewhat recently. What the future holds for the US currency this year

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The Swiss franc was little changed after it dropped yesterday as the rally of stocks caused investors to turn their attention from the safe currencies to the The Swiss franc extended its gains today as concerns that the European banks would struggle to raise funds after their ratings were downgraded by the rating agencies increased the demand for the Swiss currency as the safe haven.

higher-yielding ones.The Swiss franc rallied today versus the US dollar on the speculation that the declining house prices would prompt the Federal Reserve to keep the interest rates near zero.

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The Swiss franc weakened versus the euro as the efforts of the European and Asian governments to contain the European debt crisis and the advance of commodities and stocks decreased demand for the currency as a safe haven.The Swiss franc rose for the third consecutive day versus the euro and strengthened against the US dollar today as the concerns about the financial problems of the Eurozone countries drive the investors to the safety of the Swiss