For most investment areas, one can find quite a few experts and many views. The issue to remember though is that if these people were to show the money that they have made, then one could categorically state if they should be worshipped like Gods of ancient times or not. Read More…
Category : Basic Concepts, Forex, Opinion
Yesterday, after a marathon 13 hour meeting, European officials gave the green light for more funds to be directed to Greece. As markets digested the outcome, the Euro started to gain ground against most currencies. Read More…
During our trading session yesterday there was more risk-on sentiment with positive talk on debt from Friday continuing the positive momentum. Once Europe opened there was a slight pullback. Overnight although the US market was closed for a public holiday, risk timidly returned in anticipation of more money being sent Greece’s way. Read More…
Our currency last week on the back of external factors did not make many inroads. Against the US Dollar we started at 1.0680 and finished slightly stronger at 1.0703, depicting the wait and see approach that prevailed. The US on Friday was the bearer of good news, showing that Core CPI remains in check. Read More…
Yesterday, both our Unemployment Rate and Employment Change figure surprised on the upside, maybe the RBA knew something we didn’t when it left rates on hold. On the back of this, the Aussie immediately gained close to half a cent against the US Dollar, only to gravitate to where it was, prior to the announcement. Read More…
