Tag Archive for US dollar

Swiss Franc Rising – Economic Miracle or Walking Zombie?

swiss-franc-picture-courtesy-of-the-investment-site-at-wwwdoitinvestcom If you are a forex trader, you of course noticed the advance of the CHF (swiss franc) against most of the other currencies. According to the OECD’s calculations, the swiss franc is 44% overvalued against the dollar and 42% overvalued compared to the euro. And this has happened steadily in the last 6 months or so, without a retreat.
What would be the explanations?
One of them, widely accepted among the forex traders, is that the CHF is a so-called proxy (similar indicator) for gold and other commodities. It is understandable that the investors are not willing any longer to bet on the gold, which has risen 6 times during the last years and which is causing a “tulip mania” among masses. And whilst other commodities are harder to trade and more volatile, the CHF is still a paper currency, backed by the Swiss National Bank, which has some advantages. Read more

Adventures of a Trader in the Forex Land (6)

It has been quite a while since I have not written any longer about my forex adventures. This does not mean that I did not followed up on how the currency pairs moved, just that I was a bit absorbed with other blogs…

lately I abandoned a bit my trading with the GBP/JPY pair and focused rather on the EUR/USD currency wildhorse. And it has been quite a ride Read more

US Dollar Poised to Fall

doitinvest.com nice currencies photo / picture

doitinvest.com nice currencies photo / picture

All the reports released this week conspired against the U.S. dollar value. It all started with the release of the highest unemployment rates since you and I probably were not even born and the things were much worse (or at least this is how the kids think about the year 1949, when there were no playstations and mobile phones around). Read more

Euro Poised to Increase, European Stocks Better than Forecasted

Currencies picture at doitinvest.comI was reading today some analysis about the euro currency prospects in the incoming day somewhere on Bloomberg. And boy, the things do not look good at all.
The prospects for the Euro are grim. The analsysts said on several web stories that the European currency is supposed to go down, from their current levels of 1,26 USD/EUR to 1,25, which is a psychological level (since it has not been achieved for more than 3 months, and even then – accidentally. The reason would be the bad results of the European banks, especially those of ING. Read more

Currency update – US dollar improving on the good economic news released this week

The dollar rose to a one-month high against the euro as the pace of job erosion in the U.S. slowed while a decline in German retail sales indicated economic weakness is spreading to other developed countries. Read more