Posts Tagged ‘regarding’

Interesting Question Regarding Currency Exchange (forex)?

Monday, January 4th, 2010

I have found that when the US indexes (NASDAQ, DOW, S&P 500) gain (or lose) so does the Euro as part of the EUR/USD pair. There is a positive correlation. Why does this occur? I had the thought that as risk becomes less popular and people sell their stocks they put the money into treasury bonds, possibly driving up the USD. Does anyone know for certain what drives this phenomenon? Best answer points available for good concise information. Thank you.

Forex Trading – news and analysis regarding the GB

Wednesday, November 25th, 2009

At the last BoE meeting, sterling got some measure of relief as the bank decided not to move forward with rumored measures to cut the deposit rate for banks who held their reserves at the central bank.

Today, however, the Bank confirmed that it is considering making such a move and GBP took an enormous hit versus the broader market, swooning all the way back below 1.6500 vs. the USD and sending EUR/GBP to a new since June.