|  | Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading. | | The latest news on Currency Markets from Yahoo! Finance |
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| | Mon, 8 Sep 2008 06:32:58 Etc/GMT | | | Currency Pair: EUR/GBP Short-Term Bias: Short Chart: 15 Min Charts After peaking to 0.8186 last Thursday, the EUR/GBP has retraced below 0.8100 to fill in the gap from last week. | |
| | Mon, 8 Sep 2008 06:00:00 Etc/GMT | | | BASINGSTOKE, England----Kofax plc , the leading provider of Intelligent Capture & Exchange solutions, today announces audited Preliminary Results for the 12 months ended 30 June 2008. | |
| | Mon, 8 Sep 2008 05:21:09 Etc/GMT | | | Forex traders will find that event risk will be somewhat limited for favorites like the US dollar and euro, and instead, the commodity dollars may prove to be the currencies to watch. | |
| | Mon, 8 Sep 2008 05:20:58 Etc/GMT | | | Traders continue to ask themselves the question of whether it will be the RBA or the RBNZ that will more aggressively cut interest rates. For the foreseeable future all that is known is that both central banks will act similarly in loosening the cost of borrowing in order to check the weakening of their respective economies. | |
| | Mon, 8 Sep 2008 03:06:25 Etc/GMT | | | The Euro and British Pound shot higher overnight as the forex market reacted to news of a US government takeover of troubled mortgage giants Fannie Mae and Freddie Mac. Adding to downward pressure on the dollar, crude oil prices pushed higher above $108/barrel as Hurricane Ike gathered strength en route to the Gulf of Mexico. | |
| | Sun, 7 Sep 2008 20:24:09 Etc/GMT | | | For weeks the U.S. economy appeared to be approaching the light at the end of a tunnel, but now it seems the light may be an oncoming train. | |
| | Sun, 7 Sep 2008 15:42:04 Etc/GMT | | | Investors are likely to be wrestling this week with two new factors that have arisen to complicate an already tricky environment -- a sharp about-face in currency trading and signs of trouble in emerging markets. | |
| | Sat, 6 Sep 2008 03:47:39 Etc/GMT | | | The New Zealand Dollar price action is likely to follow the same pattern as its Australian counterpart, with selling pressure in place as traders price in the looming contraction in yield spreads. | |
| | Sat, 6 Sep 2008 03:43:59 Etc/GMT | | | Economic fundamentals are likely to take a back seat next week as Australian dollar price action continues to be guided by the global shift in interest rate expectations. | |
| | Sat, 6 Sep 2008 03:21:07 Etc/GMT | | | A weaker than expected Storm Gustav would weaken the loonie as oil prices plummeted. The BoC keeping their benchmark rate unchanged would trigger a sharp rise in the Canadian Dollar as it gain over 150bpos. | |
| | Sat, 6 Sep 2008 03:17:57 Etc/GMT | | | In general, fundamental data has limited impact in generating price action for the Swiss franc, and next week will be no exception as the economic docket is particularly light. The Swiss franc tends to follow macro drivers, such as risk aversion/appetite for carry trades, and typically moves in line with the Japanese yen. | |
| | Sat, 6 Sep 2008 03:13:28 Etc/GMT | | | The Japanese yen has been heavily bid in most corners of the currency market; and the volatility is only expected to increase going into next weekend. Looking at the liquid yen crosses, USDJPY doesn?t offer a good reflection of the Japanese currency or its direct link to risk sentiment and the carry trade. | |
| | Sat, 6 Sep 2008 03:07:04 Etc/GMT | | | Has the euro already reached the point of no return? This is the question traders will have to ask next week when liquidity returns to the currency market. There is certain to be a growing call among the speculative base for a necessary rebound from the battered currency since it has plunged nearly 1850 points or 11.5 percent against its US counterpart since hitting record highs less than two months ago. | |
| | Sat, 6 Sep 2008 02:59:17 Etc/GMT | | | The US dollar faces substantial event risk, but this week is a bit different from others as the release of economic indicators may prove to be rather unimportant. Instead, the greatest threat to the US dollar is the fate of Fannie Mae and Freddie Mac. | |
| | Sat, 6 Sep 2008 00:36:48 Etc/GMT | | | The US dollar faces substantial event risk, but this week is a bit different from others as the release of economic indicators may prove to be rather unimportant. Instead, the greatest threat to the US dollar is the fate of Fannie Mae and Freddie Mac. | |
| | Fri, 5 Sep 2008 23:41:10 Etc/GMT | | | The British Pound saw its largest single-week decline in at least 10 years, as increased fears of a prolonged UK economic recession sparked a sharp wave of selling across all GBP pairs. | |
| | Fri, 5 Sep 2008 23:40:50 Etc/GMT | | | The Japanese yen has gained nearly 4.5 percent against Aussie and Kiwi this past week, while the low-yielder has jumped 2.76 percent against the euro and 2.33 percent against the British pound. | |
| | Fri, 5 Sep 2008 23:26:18 Etc/GMT | | | The US dollar ended the day little changed from Thursday?s close despite a choppy morning of trading, though the currency does still remain relatively strong across the majors. The big news of the day was US non-farm payrolls , which fell more than expected in August by 84,000, marking the eighth consecutive month of contraction in US job growth. | |
| | Fri, 5 Sep 2008 22:33:36 Etc/GMT | | | Soybean prices tumbled Friday after the dollar continued its rally against the euro, giving investors more reasons to sell commodities that were bought as a hedge against inflation. | |
| | Fri, 5 Sep 2008 21:35:02 Etc/GMT | | | The health of the carry trade is dependant on a foundation of high returns and low volatility . Considering the outlook for global interest rates has plunged over the past weeks and broad fears are growing out of a global slowdown in growth and lingering threats to the financial system, it makes sense that the carry trade has tumbled recently. | |
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