Archive for June, 2010

The straight library knocks the analogue.

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FOREX-Dollar slides vs euro, Aussie, Kiwi on US stocks, oil

FOREX-Dollar slides vs euro, Aussie, Kiwi on US stocks, oil :

Your Source for Daily FOREX Market News and Analysis
The initial euphoria about China ending its peg to the dollar has worn off, allowing for a more sober reflection of what will happen next. We believe that not too much effect will be felt immediately but the direction China is heading is hopeful.

Read more on Daily FX

FCStone Partners With Integral to Launch Comprehensive FX Platform To Support Broad Push Into FX
CHICAGO & MOUNTAIN VIEW, Calif.—-Integral Development Corp. , a leading provider of FX trading solutions and services, and FCStone Forex LLC, a wholly owned subsidiary of FCStone Group, Inc. , a leading commodity risk-management advisory and execution firm, announced today that they partnered on a number of initiatives to launch the firm’s next-generation FX Platform.

Read more on Business Wire via Yahoo! Finance

FOREX-Dollar slides vs euro, Aussie, Kiwi on US stocks, oil
* Euro turns higher, boosted by stocks, commodities * U.S. GDP data on soft side, briefly weighs on dollar/yen * G20 meeting unlikely to yield surprises By Gertrude Chavez-Dreyfuss NEW YORK, June 25 – The U.S. dollar fell against the euro and commodity-linked currencies such as the Australian dollar on Friday as investors felt more comfortable buying riskier assets after stocks came off lows and …

Read more on Reuters via Yahoo! Philippines News



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Best Currency Trades; Outlook For Currencies

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Analysis by Sophia Drossos of Morgan Stanley

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Asia shares slip and debt puts euro on defensive

Asia shares slip and debt puts euro on defensive :

Forex: USD/JPY rebound 89.20, 5-week low, capped below 89.70
FXstreet.com (Barcelona) – Dollar Yen’s decline from Monday’s high at 91.45 extended on Thursday to a 5-week low at 89.20, and the pair attempted to pick up, on Asian session, although it remains capped by 89.70, previous support turned resistance.

Read more on The Forex Market

Forex: GBP/USD bounces at 1.4915 and reaches 1.4975 session high
FXstreet.com (Barcelona) – Pound’s rejection from 1.5000/10 resistance area tested on Thursday, found support at 1.4915 low on Asian session opening, and the pair is trying to regain lost ground, ahead of the European opening, reaching, so far 1.4975 area, with 1.5000 on sight.

Read more on The Forex Market

Asia shares slip and debt puts euro on defensive
Asian stocks were on course on Tuesday for their worst quarterly performance since the end of 2008, as the tepid nature of rich world’s recovery from global recession keeps investors on the defensive.

Read more on Reuters via Yahoo! News



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FOREX: Ringgit Closes Lower Against US Dollar

FOREX: Ringgit Closes Lower Against US Dollar :

Your Source for Daily FOREX Market News and Analysis
Gold: A Bubble on the Verge of Bursting? Gold has marched steadily higher over the past ten years, with only the reasons behind investors’ demand for the yellow metal changing along the way.

Read more on Daily FX

Forex: USD/JPY falls to 89.72, 4-week low
FXstreet.com (Córdoba) – The Yen rose against the Dollar after the FOMC decision. The pair broke below 90.00 and tumbled to 89.72 reaching the lowest price since May 25. Currently is approaching to 90.00 but is still under pressure.

Read more on The Forex Market

FOREX: Ringgit Closes Lower Against US Dollar
KUALA LUMPUR, June 23 (Bernama) — The ringgit was traded lower against the US dollar Wednesday amid concern that weaknesses in the European manufacturing and the US housing markets will hamper global recovery, triggering demand for riskier currencies, dealers said.

Read more on Bernama



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Learn to Trade Foreign Currency, or Forex.

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www.FXTradingSchool.com, online training program to introduce investors to the foreign exchange (forex) market. Includes tutorials, research charting & trading software and resources for learning forex.

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Clear Luxury on Forex Trading – Fx TflowTM system with clear entry & exit

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Forex: USD/CHF back below 1.1100

Forex: USD/CHF back below 1.1100 :

Your Source for Daily FOREX Market News and Analysis
Sales of new family homes in May declined at a record pace following the recent expiration of the homebuyers tax credit.

Read more on Daily FX

Your Source for Daily FOREX Market News and Analysis
After seeing its two day rally thwarted by a flight to safety on the back of a record low in U.S new home sales the GBP/USD is again tracking higher.

Read more on Daily FX

Forex: USD/CHF back below 1.1100
FXstreet.com (Córdoba) – The Dollar is retreating from 1.1110 (session high) against the Swiss Franc. The pair is testing levels below 1.1075 after being unable to hold above 1.1100. Earlier, during the Asian session tumbled to 1.1007, reaching a fresh 1-month low.

Read more on The Forex Market



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Continental Air sees $10 million forex loss

Continental Air sees $10 million forex loss :

China forex move could thwart U.S. hopes – Roubini
By Walden Siew

Read more on Reuters via Yahoo! Asia News

Continental Air sees $10 million forex loss
NEW YORK (Reuters) – Continental Airlines said it would take foreign exchange losses of about $10 million in the second quarter from the decline of the euro and the British pound against the U.S. dollar.

Read more on Reuters via Yahoo! Singapore News

Continental Air sees $10 million forex loss
NEW YORK (Reuters) – Continental Airlines said it would take foreign exchange losses of about $10 million in the second quarter from the decline of the euro and the British pound against the U.S. dollar.

Read more on Reuters via Yahoo! Philippines News



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ECB, Eurogroup Welcome China’s Decision To Reform Forex Regime

ECB, Eurogroup Welcome China’s Decision To Reform Forex Regime :

FOREX: Eurozone Development To Influence Ringgit Direction Next Week
KUALA LUMPUR, June 19 (Bernama) — Developement in the Eurozone is expected to continue influencing the direction of the Ringgit as well as other regional currencies next week, says RHB Bank forex dealer Badeeudin Mohd Abu Bakar.

Read more on Bernama

FOREX: Ringgit Traded Higher Against US Dollar
KUALA LUMPUR, June 21 (Bernama) — The ringgit was traded sharply higher vis-a-vis the US dollar Monday as optimism on growth prospects bolstered risk appetite following China’s decision to allow more yuan appreciation.

Read more on Bernama

ECB, Eurogroup Welcome China’s Decision To Reform Forex Regime
ECB, Eurogroup Welcome China’s Decision To Reform Forex Regime

Read more on FOX Business



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FOREX: Eurozone Development To Influence Ringgit Direction Next Week

FOREX: Eurozone Development To Influence Ringgit Direction Next Week :

Forex: GBP/USD tests daily highs
FXstreet.com (Córdoba) – The Pound rebounded at 1.4750 (session low) and rose sharply to test daily highs that lie at 1.4830/35. The pair continues to move sideways in ranges and currently trades at 1.4810/20, just a few pips above today’s opening price.

Read more on The Forex Market

Your Source for Daily FOREX Market News and Analysis
The FOMC meeting is the marquee event risk on the calendar but could take a back seat to other indicators as the central bank is expected to remain on hold. The emergency budget report from the U.K. coalition government may steal the headlines and could dictate future pound price action.

Read more on Daily FX

FOREX: Eurozone Development To Influence Ringgit Direction Next Week
KUALA LUMPUR, June 19 (Bernama) — Developement in the Eurozone is expected to continue influencing the direction of the Ringgit as well as other regional currencies next week, says RHB Bank forex dealer Badeeudin Mohd Abu Bakar.

Read more on Bernama



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