Forexikon Analyses

Forexikon · #1 12-01-2010, 10:01 AM

The data released on Nov.30,2010 showed that the rising trend of Canadian dollar would slow on the Canadian economy slowdown. Forex ananlysts pointed out that the Canadian dollar might went up only if the economy in eurozone continued to shock.

The data from Statistics Canada showed that the growth of Canadian economy was slower than expectation and it was much slower than America’s.

Forex experts predicted that Canadian dollar would keep its strength.

The forex rate of the US dollar against the Canadian dollar traded at 1.0217/21 as of 15:35 Beijing time today.

Forexikon · #2 12-02-2010, 08:26 AM

The falling trend of the Great Britain pound was unchanged on Nov. 25,2010.

The forex rate of the Great Britain pound against the US dollar went down to 1. 5739. Although the Great Britain pound rebounded slightly, GBP/USD still traded below 1. 5800 in the forex market.

The UK Gross Domestic Product’s correction was the same as expectation. In addition the Prime Minister of the United Kingdom said that Britain might give a help to Ireland. The two facts above was likely to boost the non-US dollars.

The forex analyst predicted that the forex rate of the GBP against the USD might be adjusted after its falling.

Trend: go upwards while fluctuating
Trade range: from 1. 5485 to 1. 6061
Trade suggestion***65306; Watch and See
Resistance***65306; 1. 5879 1. 5969 1. 6061
Support***65306; 1. 5742 1. 5644 1. 5534 1. 5485

Kruz30 · #3 12-10-2010, 02:54 PM

yes you a right

Forexikon · #4 12-03-2010, 05:51 AM

The spot gold increased to 1,390.70 US dollars per ounce, which went up 5.80 ollars. The gold price went down sharply by the end of the day on Thursday in the New York market as the gold suffered a large scale sell-off when its price was near 1,400 dollars.

According to some reports, the forex market might pay attention to the non-farm unemployment data as much as possible. In this way ,investors would find clues about the recent trend of the gold price.

Dow Jones poll showed that the US non-farm employment was expected to increase 144,000 persons. The Gold price would continue to rise on the quantitative easing policy by Federal Reserve and as the economy in eurozone became worse.

Forexikon · #5 12-09-2010, 06:22 AM

Some economists considered that the quantitative easing policy by Federal Reserve might be the last salvation for Euro. But the possibility of Euro’s collapse did not be reduced.If the inflation in Europe expanded,the Euro would go down further.

The debt crisis expanded as the following: first, European Central Bank made the assistant plan for the debt crisis referred to a mount of money***65307;Second, the activities of hedge fund and big financial institutions were bad for the EU economy.

Nowadays, the default risk expanded to Ireland, Hungary, Spain, Italy and Portugal. If the situation would not be contained, Euro would fall down sharply and even collapse.

Forexikon · #6 12-13-2010, 06:22 AM

Last week the US Treasury yield went up greatly. America Federal Reserve interposed the quantitative easing policy in the forex market recently, which planed to buy another 6,000 billions dollars. So the scale of US debt increased sharply.

American treasury yield rose as investors had optimistic prospect for the US economy and as the expectation for the increasing pressure of commodity prices.