February 2009 Monthly Archive
The Yen as we all know has served as a safe haven currency along with the US dollar. In times of economic turmoil, the Yen has tended to act as a hedge and as investors take shelter in its safe haven status, they drive up its value… More…
Posted 07:36 26 February 2009 by Forex Gump
At some point in our lives, we have imagined the feeling of a freefall.....it is discomforting. And now, we have the world's second largest economy in the state of a freefall. So let's all brace for the thud, before we hear the big ouch!… More…
Posted 07:15 19 February 2009 by Forex Gump
The global markets had been optimistically awaiting Obama's rescue plan, which had been passed by the House of Representatives two weeks back. In the expectation of positive action by the government, some deal of risk aversion had abated that showed up in a brief positive run for the stock markets, both in the US and Asia. … More…
Posted 07:39 11 February 2009 by Forex Gump
If data and numbers can be trusted, then it is possible that the US recession may have seen its bottom in November-December of last year. A new report released by the Institute of Supply Management suggests that US non-manufacturing sector contracted at a slower pace in January.… More…
Posted 11:00 05 February 2009 by Forex Gump