The rotation from the dollar into the other safe-havens continued as uncertainty on the economic outlook persists following several data releases and...
Forex Daily Market Commentary
Source: feedproxy.google.com
Read more...
Slightly steadier picture in Baltics will also be helping euro
Things are looking a little steadier in the Baltics, which will be lending the euro some support. The Lat has seen some improvement this morning, as the market awaits news that the Latvian cabinet has agreed to slash 500 mln lats of public spending in 2009. Confirmation of the cuts is expected to...
FOREX VIDEO REVIEW: London Session July 28th, 2009
Since the weekend I had spoken in length in the London FXBootcamp session about seriously developing 4hour MACD divergence on every Japanese Yen pairing I could pull up. About a third of the way into today’s London session we began to see hints of a change in direction, such as USD/JPY having...
FOREX VIDEO - New York Session Review - Sept 30, 2009
SNB strikes again! The Swiss franc sold off sharply during the first hour of today’s New York session as the BIS reportedly bought currencies on behalf of that central bank to weaken Switzerland’s currency. A Fibonacci study and the concept of role reversal contributed to the design of...
State Bank of Vietnam Cut Refinancing Rate 100bps to 14%
The State Bank of Vietnam (SBV) cut the refinancing rate 100 basis points to 14.00% from 15.00% previously; also cutting...
Chrysler Currently In Talks For Auto-Lending With Banks
The Wall Street Journal reports that Chrysler is in talk with plenty of major lenders including JP Morgan (NYSE:JPM) and Ally Financial...