SAO PAULO, May 28 (Reuters) - Brazil's central bank offered to buy US dollars in the spot foreign exchange market on Thursday, seeking to soak up a flood of ...
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Brazil offers to buy dollars in spot forex market
Source: www.reuters.com
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Labour facing disastrous election results
The European elections did not go well for Gordon Brown’s Labour party but you are going to have to make your own mind up as to whether this is good or bad for the pound, as I’m not too sure. Cable has topped out at 1.66 and falls back towards 1.50 look on the cards but the uptrend...
FOREX VIDEO - New York Session Review - October 14, 2009
Sterling was the feature currency during today’s New York session. Movement on the pound pairs was led by a EUR/GBP bounce at key support, then further fueled by dovish comments from BOE’s Fisher. In contrast, when the dust settled following today’s releases of JP Morgan earnings...
What information does a forex trading system need to communicate to the user?
As any computer program, a forex trading system has input and output. This post is about the output -- what should be in it? What are the guiding principles of this communication? Here are the basic principles as we see them now: Regularity. Communicate actions, not prophecies. Communicate actions...
EURUSD is testing 1.3743 key resistance
EURUSD is testing 1.3743 key resistance, a break above this level will indicate that the fall from 1.3861 has completed at 1.3428 already,...
BOE exit strategy: raise rates, sell assets or both
Bank of England chief economist Dale says the BOE exit strategy from its super-easy monetary policy is likely to consist of a combination of raising rates and selling assets. Pretty straight-forward, really. Also crossing the wires is news from Germany that its tax take has fallen 7.1% y/y in May....