Daily Forex Technical Report - Dollar Higher as Bailout Plan Finalized, European Banks Failure Boost Yen |
|
Action Insight Daily Report Dollar Higher as Bailout Plan Finalized, European Banks Failure Boost Yen Dollar gapped higher as the week opens on the news that President Bush and Congressional leaders agreed on the $700 bailout plan finally. The plan, Emergency Economic Stabilization Act of 2008, is expected to pass House today and Senate by Oct 1. The announcement eased the fears that further financial markets disruption in the US would be seen, at least in near term. Dollar extends rebound
Filed under: Technical
Latest Posts
- Gold mixed but sees increase in ETF demand, PGM’s fall in Asia
- Czech 8-year floater auction surprises with decent demand
- US: Consumer prices fall back sharply in October
- US Treasuries go through the roof, as gloom and doom holds markets in its grip
- Daily Forex Overview
- Currency Currents
- TECHNICALS-Euro/dlr support at $1.2565/1.2544 –KBC
- GBP/USD: Trading the U.K. Retail Sales Release
- Black October, black November
- Strong AUDCAD Range Won’t Hold For Long
- The Sterling pared its gains against the Dollar
- The Sterling pared its gains against the Dollar
- External Commerce Debit Balance of Switzerland in October was 1.84 bln Francs.
- USA: Core inflation declines
- Forex Trading Strategies