Trader ForexNews & Analysis
Japan Tsunami & Oil
Oil Falls Below $100 a Barrel Japan is the world’s third-largest consumer of oil, behind the U.S. and China. The Tsunami in Japan is supposed to slow the usage of Oil for at least the next two months, resulting in lower Oil prices due to that dramatic decrease. We are forecasting equilibrium between the events [...]
Risk appetite weighs on demand for dollar
The dollar dropped to a two-month low on Wednesday as rising confidence over global growth boosted risk appetite and weighed on demand for the currency, while China let its currency rise to a record.
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