The Norwegian Krone is certainly not a very popular currency among participants in the forex markets. Nonetheless, the currency has enjoyed a strong year, having moved away from clinging to the coattails of the Euro and has actually surpassed the common currency by a considerable margin. In fact, the Krone recently touched a 10-month high […]
With the Euro handily outperforming the USD, Japanese Yen and certain other major currencies, many EU leaders have begun lamenting the impact they foresee on the EU economy.As most amateur economists are doubtlessly aware, however, there is a tradeoff between control over ones currency and control over ones domestic economy.In other words, if the EU […]
Action Insight | Written by ActionForex.com | Jul 18 07 14:06 GMT |
Forex Mid-Day Technical Report Dollar Recovers after CPI, Short Term Bottom in Place?
After edging to new record low against Euro earlier today, dollar recovers the losses and is sent higher in early US session after higher than expected headline inflation data. […]
Action Insight | Written by ActionForex.com | Jul 18 07 07:22 GMT |
Forex Daily Technical Report GBP Strength ahead of MPC Minutes, USD Weakness Before Bernanke
Dollar continues to be under tremendous pressure as traders prepare for another potentially volatile day. With increasing concern on the subprime mortgage market problem, in particular after Bear […]
Since it was freed from its fixed exchange rate regime two years ago, the Chinese Yuan has appreciated nearly 9% against the USD.While the Yuans exchange rate is clearly managed by the Chinese government, many commentators agree that its rise has given off the aura of a floating currency.One economist thinks China will cement this […]