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  • New low posted in EUR/USD but no follow through

    The low this morning has been around 1.3925 in the EUR/USD but buying interest seems to be strong at this level and the market has immediately popped back towards it’s opening level around 1.3955. The rally in the USD on Friday night came on the back of improved jobs data. This was further...

  • Ken Lewis being beaten like a drum

    Poor Ken Lewis, CEO of Bank of America, is in the unenviable position of having to defend himself from charges that he was either an idiot for not anticipating Merrill Lynch’s losses prior to late December, shortly before the deal was set to close or he was pressured into the closing the deal...

  • FOREX Market Buzz: Wayne McDonell of FX BOOTCAMP

      Now Playing:    New York Forex Market Buzz - FXBOOTCAMP’s Wayne McDonell Discusses Trading In Low Liquidity Environment The VIX lost 1.1 percent to 25.65 at 12:57 p.m. in New York. Wall Street?s largest bond-trading...

  • FOREX-Dollar near 15-mth lows, pound down on Fitch warning

    TOKYO, Nov 10 (Reuters) - The dollar hovered just above a 15-month low against a basket of currencies on Tuesday as investors looked to return to leveraged carry trades, while sterling tumbled after a warning on Britain's credit rating. Fitch Ratings said that of the four major economies with AAA...

  • EURJPY tops out above 137.60

    Not much interest in EURJPY today with sellers sighted between 137.60 - 137.80 and buyers lining up at 137.00. Intraday technical traders are looking at the 100 hr MA which comes in at 137.15 to contain the downside. EURUSD is trading in tandem with the up move from earlier this morning mirroring...