Archive for May, 2009
Dollar Shows Signs of Recovery
Dollar Shows Signs of Recovery
Dollar seems to be back on track, stronger against the Euro and Yen. The rating agency Moody’s has reaffirmed its top rating (AAA) for the United States, mentioning the country’s economic resilience, diversity and high per capita income. The Dollar also rose against the Yen mainly because of speculative rumors that […]
German Economy Loses 1K Jobs In April
German Economy Loses 1K Jobs In April
Release Explanation: The release weights the number of jobs created, or the percentage of employed/unemployed in the labor market. ‘Economic strength builds from the willingness/confidence of firms to hire, without a strong labor market growth is hard to achieve,’ TheLFB-Forex.com Trade Team said.
TheLFB-Forex.com Trade Desk Thoughts: The number of […]
US Debt, End of US Recession, Geithner to China
US Debt, End of US Recession, Geithner to China
US debt explosion
GBP traded at its highest level since last November and the AUD and CAD touched new highs for 2009 Wednesday. There are two interesting articles in today’s financial press which help explain why the USD is weakening. The first article appeared in the Financial Times […]