May 26, 2009 Weekly Forex Outlook
Forexserve's Satyajit Kanjilal expresses his weekly angle on currency, interest rates and commodities fluctuations. He covers all the major ...
July 27, 2009 Weekly Forex Outlook
Forexserve's Satyajit Kanjilal expresses his weekly expectations on currency, interest rates and commodities fluctuations. He covers all the major ...
Fortnightly outlook for currencies
The US Dollar Clue (USDX) witnessed its strongest rally in recent times. It moved from 75 points to 77.2 points – the highest rank in two months.
The dramatic intervention by the Swiss National Bank (SNB) to weaken the franc had the strongest effect on the US Dollar Index. The SNB decided to set a floor of 1.20 in EUR/CHF to help the faltering Swiss restraint. The second push came in the form of the worsening debt situation in the Euro zone as Greece is on the stretch of bankruptcy.
Forex - Asia Open - Overnight Highlights
Asia Overnight Highlights - 19 September 2011
Connie Tse, Celeste Tay, Han Hao Li
ASIA Point of view:
Wall Street recorded gains for the fifth straight day last Friday as the store received some reassurance from the concerted move by world leaders to contain the eurozone difficulties crisis. However, sentiment could stay on the cautious side in the near-term as the two day meeting between European resources ministers ended without substantial progress on Saturday, while time is running out for international leaders to agree on the October deadline to release approximately US$11bn to aid Greece from defaulting on its in dire straits. In addition, the Greek government said over the weekend that the country's fiscal future would rest on a make-or-break conference call with EU and IMF officials on Monday. (Defender) Meanwhile in the US, economic data showed some improvement in consumer sentiment in early September, though expectations on the mercantile outlook fell to the lowest level since 1980. US President Obama will call today for a new least tax rate for individuals earning more than US$1mn a year, as a part of the broader plan to reduce long-relating to deficit.
