Fara Wave

The US dollar has spent the past week consolidating within thin ranges, as low volumes did little to spark directional trade. This left the greenback down 1 percent against the euro and up roughly 1.5 percent versus the British pound and Japanese yen by Friday’s close. Meanwhile, the US dollar…
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Markets opened in slightly positive territory following a rise in energy and news that GMAC, the financial lending arm of General Motors, will now be considered in the TARP pool after the Federal Reserve authorized the firm to become a bank holding company. Crude opened higher following news that the…
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Monday, Dec 29, 2008
include(’http://www.actionforex.com/resources/calendar/cals1.php?f=20081229s’);
Tuesday, Dec 30, 2008
include(’http://www.actionforex.com/resources/calendar/cals1.php?f=20081230s’);
Wednesday, Dec 31, 2008
include(’http://www.actionforex.com/resources/calendar/cals1.php?f=20081231s’);
Thursday, Jan 1, 2009
include(’http://www.actionforex.com/resources/calendar/cals1.php?f=20090101s’);
Friday, Jan 2, 2009
include(’http://www.actionforex.com/resources/calendar/cals1.php?f=20090102s’);
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Investors typically approach the final calendar week with a forward-looking mind-set, opening positions consistent with how currencies are expected to perform in the coming year. Such a strategy would work if practiced by only a minority but often backfires when everybody does it. The week between Christmas and yearend is…
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Despite massive price-cuts in an attempt to save the holiday shopping season, 2008 proved to have the worst holiday retail sales in decades amid decreasing consumer spending. As American consumers curb spending due to the recession, climbing unemployment, and tightening credit conditions, sales dropped by 2.5 percent in November and…
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