SAO PAULO, June 10 (Reuters) - Brazil's central bank offered to buy US dollars in the spot foreign exchange market on Wednesday, seeking to soak up a flood ...
See all stories on this topic
Brazil offers to buy dollars in spot forex market
Source: www.reuters.com
Read more...
I’m reducing my long USD/CHF position
I have been in the money on this trade for a total of about 11 minutes and that is starting to grate. EUR/CHF is grinding lower and everyone I know is either long or square EUR/CHF, which is a bit of a worry. With cable and AUD/USD showing no signs of backing off, I’m reducing this position...
Belgian Central Bank issues negative forecasts
Obviously all is not well in the state of Belgium. The Belgian central bank has; cut the GDP growth forecast for 2009 to -3.5% from -1.9%, which would be the worst on record sees a 2009 budget deficit of 5.5% of GDP sees a short period of negative inflation this year and has lowered the annual...
1.3930 Fibo support under threat in EUR/USD
EUR/USD continues its slide, nearing 1.3930, the 61.8% rtetracement of the 1.3800/1.4145 rally. A break suggests price could dip back to the key support level at 1.3800. Oil is giving back some of its gains after proving more resilient than the other commodity markets this afternoon. Crude is at...
EUR/USD trying to steady at lower levels
EUR/USD is trying to steady at lower levels, presently at 1.3850. Last heard reports of China buying up around 1.3880/90 and gotta think they’ll be sniffing around again in the low 1.38’s, although haven’t heard of them being in again as yet. Stocks are trying to claw back some of...
Wednesday 2/1 Insider Buying Report: D, CLFD
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a...