Forex Pros – The yen extended its gains against the U.S. dollar on Tuesday, breaking below the 91 mark, after the Bank of Japan released the minutes of its January policy board meeting.
USD/JPY shed 0.3% to hit 90.88 during early European trade, a 3-day low. The pair was likely to find support at 90.14, last [...]
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Forex – Yen extends gains against dollar, breaking below 91
February 23rd, 2010 
admin Traders Buy ‘Quality,’ Reject Rapid-Fire Roots
February 11th, 2010 admin With it strong earnings report Tuesday and a three percent dividend yield, Coca-Cola [KO 53.93 0.14 (+0.26%) ] signifies the kind of stock that even rapid-fire traders are turning to for refuge in this volatile market.
Pete Najarian, co-founder of OptionMonster.com, bobbed and weaved throughout the market’s monster run from the March 2009 lows, racking up [...]
Is Greece’s debt trashing the euro?
February 7th, 2010 admin ATHENS: Dimitris Damianidis is a high school teacher and a strong supporter of Greece’s socialist government.But that won’t deter him from going on strike with hundreds of thousands of other public sector workers next week to fight for the 28,000-euro pension that he expects to receive annually after he turns 60 next [...]
Posted in Forex Trading 
Tags: budgets, Dimitris Damianidis, Greece, International Monetary Fund 
No Comments »Weekly Review and Outlook: Dollar and Yen Soared as Worry on Sovereign Risk Intensified
February 7th, 2010 admin Dollar and Yen Soared as Worry on Sovereign Risk Intensified
Markets were pretty steady last week until concern of Greece deficit contagion across Europe intensified on Thursday and rocked financial markets around the world. Credit-default swaps on the debt of Greece, Spain and Portugal rose to record highs today amid concern that European [...]
Balancing act: check prices, back growth
February 6th, 2010 admin CRR hike to support recovery process, says RBI.
The third quarter review of monetary policy was about ensuring price stability. And, it was articulated clearly, as the Reserve Bank of India (RBI) said it was worried over rise in food prices affecting other commodities and services.
While RBI’s policy action, an increase of 75 basis points in [...]
Forex kitty shrinks $1.9 b to $281 bn
February 6th, 2010 admin MUMBAI: Foreign exchange reserves dipped $1.9 billion to $280.9 billion during the week ended January 29, largely on account of revaluation of nondollar assets in the reserves basket.
Of the total reserves, all components — foreign currency assets, gold, and SDR (special drawing rights) — fell $1.7 billion, $236 million, $23 million and $6 million, respectively, [...]
Posted in Forex Trading Tags: Central banks, currency composition, foreign exchange, global currencies, nondollar, WMA account No Comments »G7 sticks to previous forex language-Juncker
February 6th, 2010 admin IQALUIT, Canada, Feb 6 (Reuters) – Finance ministers from the G7 group of industrialized nations are sticking to comments on foreign exchange levels that they made last October, the chairman of the Eurogroup countries said on Saturday.
“We have agreed that there is no reason to change what we said recently. We stick to what we [...]
Posted in Forex Trading Tags: foreign exchange, forex language, G7, global economy, greater currency flexibility No Comments »Forex – At The Apex Of A W-Shaped Recession?
February 6th, 2010 admin The collapse in risk sentiment over the past 24 hours has been triggered by seemingly innocuous events, with most news agencies pointing to concerns of sovereign debt woes in Spain and Portugal adding to the well-publicized situation in Greece. Others have also highlighted yesterday’s disappointingly high US claims figures which have certainly knocked optimism for [...]
Posted in Forex Trading Tags: financial markets, markets, payrolls, recessions, recovery trade, US economy, US unemployment No Comments »FX Trading – A vulnerable currency – The South African Rand?
February 6th, 2010 admin Quotable
“No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?”
- George Orwell, Animal Farm, Ch. 5
FX Trading – A vulnerable currency – The [...]
Posted in Forex Trading Tags: Communism, Corruption, foreign investment, Forex Trading, money, political risks, South African Rand No Comments »
GO Markets – FX Market Commentary
Global equities were pummelled overnight as fears of sovereign debt woes in Europe coupled with disappointing weekly jobless claims had investors on edge ahead of tonight’s nonfarm payroll data. US Initial Jobless claims for the week of Jan 30 rose to 480,000 which were higher than the estimated 461,000. Continuing claims for the week of Jan 23 also [...]