U.S. debt crisis.

Dollar Remains Uncertain After U.S. Debt Vote

January 24, 2013 12:14 am GMT+0  in Forex Fundamentals and News

U.S. found temporary relief with the U.S. house vote for rising the borrowing limits today. The vote went into favor of increasing the government borrowing limits from the current 16.4 trillion U.S. dollars. The catch is that it is a temporary extension with a limit of May 19th. The voting result was 285 for versus […]

Commodity Currencies Losing Direction Amidst Uncertain Economic Outlook And Psychological Pressure

January 23, 2013 7:13 am GMT+0  in Forex Fundamentals and News

Commodity currencies has been seeing a directionless volatile moves against the U.S. dollar. AUD/USD has tried twice to touch the psychological 1.0600 level since yesterday but failed miserably. First time it had gone as high as 1.0578 and then after a drop to 1.0549 it again recovered but failed strongly at 1.0574 and fell sharply […]

EUR/USD Drops Amidst Changing Sentiments

January 16, 2013 1:09 am GMT+0  in Forex Fundamentals and News

After going as high as 1.3404, EUR/USD could not sustain the psychological resistance of 1.3500 ranges. The currency pair remained in sideways mode below 1.3400 for over 15 hours but then fell strongly to 1.3263 before recovering slightly. U.S. Debt crisis and President Barak Obama’s Firm stand President Barak Obama’s firm stand about raising the […]

Japanese Yen Gains On U.S. Debt Concerns And Economy Minister Akira Amari’s Comments

January 15, 2013 7:19 am GMT+0  in Forex Fundamentals and News

Tokyo: Japan’s economy minister Akira Amari commented today that Japan will not put efforts for weakening the yen further. This comment came 6 days after the Japanese Finance Minister Mr. Taro Aso had mentioned about Japan’s plans to use the foreign exchange reserves to buy bonds issued by the European Stability Mechanism (ESM) and euro-area sovereigns […]