16.08.10
China overtakes Japan
as second biggest
world economy
Euro slightly up
against USD - 1.28.
Gold continues to
climb reaches 1220
16.08.10
China overtakes Japan
as second biggest
world economy
Euro slightly up
against USD - 1.28.
Gold continues to
climb reaches 1220
17.08.10
China reduces US-
treasury exposure
Leads to weaker USD:
Euro and Yen strengthened
Gold back as "safe" haven
reaches USD 1223
USD weakened many other major Forex Currencies (17th Aug 2010)
USD weakened against many other major Forex currencies amid worries over the strong point of the U.S. recovery. Many more concern came just after a flood of mixed economic data of U.S., such as sales and orders of manufacturers at New York that cut in August for the 1st time in more than a year. NASDAQ climbed by 0.39% and Dow Jones dropped down by 0.01%. Crude oil dropped down by 0.2%, and closing at $75.20 a barrel. Gold (XAU) went up by 0.8%, closing at $1226.20 an ounce.
18.08.10
YEN continues to
demonstrate strength
USD strengthened
towards EURO and GBP
Gold at six weeks high.
Oil at $ 75 - 76 level
US Dollar (18th Aug 2010)
The US Dollar was mixed vs. other major forex currencies after optimistic U.S. economic data which really support the idea of a getting better economy, succeeded to maintain the equity market as well as commodities. Dow Jones and NASDAQ climbed by 1.01% and 1.26% respectively, Gold (XAU) increased by 0.2%, crude oil improved by 0.7% and closing at 75.7 USD a barrel, closing at 1228.3 USD an ounce.
19.08.10
Concerns on European slow
down weakens EURO
Speculation on Central Bank
intervention for weaker YEN
Gold stays on 1225
Oil stabilizes on USD 75 - 76
20.08.10
Uncertainties continue to
dominate currency markets
Commodities hit by
slowing economy
Gold seen as safe
haven reaches $ 1232
24.08.10
The British government plans on reducing their expenses expose to danger GBP exchange rate.
Analysts of exchange market have a pessimistic mood regarding GBP.
USD/JPY fell to 84.20 because of Japanese speculators who organize the massive selling of the pair.
EUR/USD falls back from the August’s high and reaches the 6-week low (1.2605).
25.08.10
Stock markets plunge
on US housing datas
Oil prices down to
USD 71
Gold and USD again
seen as "safe" havens
26.08.10
Nervous markets fear
double dip recession
EURO/USD stabilizes
on 1,27
Gold and silver
sky-rocket
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