The Fed representatives still claim that dollar’s weakening during the last months has been ordered and stable. That means in case the currency looses a few more positions that would not cause trouble to the US economy and would not force Fed stray from their present policy and turn to money toughening policy.
Analysts have already warned that at this week might have a huge potential. Euro, at last, has punched the bewitched level of 1.500 against dollar, and in general the American currency has had huge losses. First of all, such dynamics is defined by “lazy” market typical for holiday weeks. The second thing is already familiar to all: diversification of currency reserves which has stepped on the stage again after Russia’s announcement that they will consider Canadian dollar as a reserve currency. Now the main question is: what happens next? Whether dollar will be able restore its positions with the beginning of new week and after leaving alone the debates over currency diversification? We are ready to believe that as it is necessary to remember that in such hard times countries don’t want to have expensive national currency and if the euro goes further, officials will probably make some interventions.
Besides all of that, dollar’s weakness was caused by less attention to the currency and more attention paid to risky assets in response to positive economic data from the US and Europe (particularly Germany).
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26-11-2009, 10:24 AM #1Member
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Best regards, Mikhail Tegin
LiteForex Group, Official web-site: www.LiteForex.org
E-mail: liteforex.group@gmail.com
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26-11-2009, 10:25 AM #2
Well, i though it is a common thing that companies avoid tax paying =) but the question here is if they comply with the laws of offshore and if they perform properly...
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26-11-2009, 10:35 AM #3
Strange situation on the course eur / usd. Yesterday there were good data on news from the U.S., so the application for unemployment benefits declined and sales of new homes have increased, the dollar had strengthened, but there was strong euro. Who can explain this situation?
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26-11-2009, 10:50 AM #4
Well, actually there dollar was not that strong - all focused on gold and euro (BTW, euro strengthened due to european central bank monetary policy and economic figures from the US) - nothing surprising... tomorrow everything will change
No matter what, no matter how, just take your time and take a bow
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26-11-2009, 12:33 PM #5Member
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Today it would be better to refrain from any significant trading steps as it seems quite difficult to forecast market dynamics in view of lax of market participants. Here are two major options: either everything will stay almost the same, or we should expect a considerable breakthrough as we have seen it with euro. For about a month the European currency has trying to hit 1.500 point and finally managed to do that.
But this happened hardly thanks to positive economic data from EU countries. Market moods have been forced mostly by economic data coming from the USA and weaker dollar.
Now we can only wait and see.Best regards, Mikhail Tegin
LiteForex Group, Official web-site: www.LiteForex.org
E-mail: liteforex.group@gmail.com
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26-11-2009, 03:02 PM #6
It is not a news but from yesterday till today dollar has been falling up to its 15-month's minimum, and EUR/USD made up at 1.51 - another strategic point for euro (really strange).
Anaylsts claim this happened due to (oh, again!) negative data from the USA, and moreover they predict further dollar fall and euro strengthening.
Today eur/usd shows volatility but still it's around 1.51No matter what, no matter how, just take your time and take a bow
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26-11-2009, 03:03 PM #7Junior Member
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dump+pin msr505 bank login
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27-11-2009, 09:11 AM #8
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27-11-2009, 11:47 AM #9Member
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While Americans were enjoying their turkey, financial markets performed a strange scene: Dubai's government announced its intention to restructure its state financial fund Dubai World. This piece of news caused some concerns and worries in the market, which forced dollar up against euro and, hence, gold lost a few cents.
Thus, markets have all rights to give back dollar its power and once again to make it the most reliable currency.
We shall wait and seeBest regards, Mikhail Tegin
LiteForex Group, Official web-site: www.LiteForex.org
E-mail: liteforex.group@gmail.com
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27-11-2009, 11:51 AM #10
with all that it is unlikely that world economy will recover soon. Three main variants: buy euro or gold or dollar - at least one of them will go up
No matter what, no matter how, just take your time and take a bow
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