Hi everyone. You may be interested to know that the April 2010 issue of Currency Trader magazine is now available for free download. This issue has an interesting writeup regarding the Euro vs USD. 1. Click here to download the April issue. 2. Click here to download last month’s issue. Enjoy! Cheers, Alan http://alansforexblog.com
The April 2010 issue of Currency Trader magazine is ready to download
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EUR/JPY still under pressure
Not much respite so far for the cross, currently down at 136.15. Dealers tell me that there are lots of stops on the 135 handle, particularly under 135.20, if the fall continues. USD/JPY bids are reported at 97.25/50 but that’s a ways off...
Strauss-Kahn sees autumn as turning point for global economy
IMF managing director Strauss-Kahn says that the turning point for the global economy will come in September/October of this year. An early-2010 recovery is the most likely scenario, he says. Banks must rid themselves of toxic assets, he says. Failure to do so could endanger the recovery. Update:...
AUDUSD Intraday views
AUDUSD will be supported via strong buying in commodities and a weak USD today and very strong consumer confidence numbers. Traders looking to buy under 80c for a revisit of 8120 tonight. Not hearing of any major selling interest on the day. AUD right in the middle of the day’s range here but...
Fed’s Fisher: Inflation not an issue, not a “screeching hawk” at moment
Noted hawk Dick Fisher of the Dalas Fed says he doesn’t see the Fed tightening any time soon because there is so much slack in the US economy inflation is not a concern. Therefore, he says its not appropriate to be a “screeching hawk” at the moment. The Fed is constantly working...
The Chrysler-Fiat Ordeal Shakes The Market
After gathering some positive momentum at the end of last week from US employment data, the US Dollar now faces a new ordeal. As the US Supreme Court attempts to block the sale of Chrysler to Fiat, recently gained confidence in the US economy has begun to show signs of wear. Forex traders may see...