German FinMin spokeswoman says not aware of any plans for summit on currencies

Source: www.forexlive.com

Neither was I luv. Maybe I missed something? EUR/USD steady around 1.4935.


Read more...

  • Japanese current account surplus -54.5% YoY

    The expectation for the April c/a was for -39% but as usual these figures have had little or no effect on the FX market, at least in the short term. When the market steps back and analyses data such as this, it will think twice about buying JPY in the current environment. If the only reason to be...

  • GBP/USD Balances After Better Than Expected Construction PMI

    By Fast Brokers - The Cable pulled back on declining volume yesterday, although losses were negligible. The GBP/USD is...

  • Is Your Company Next?

    According to the Department of Labor, more than five million workers have lost their jobs since December 2007. In March, the unemployment rate hit 8.5% and economists expect that number to rise in the upcoming months. In fact, many companies are in the middle of a major business restructure and...

  • No challenge to Brown: Labour Parliamentary group

    Reuters quotes the head of the Labour Party parliamentary group as saying there will be no challenge to PM Brown. There was an outside chance that bankbenchers would push for his ouster, as Gerry has been writing, but it looks as though he has survived that process. Cable continues to consolidate...

  • FOREX VIDEO REVIEW: London Session June 22, 2009

    We began today’s London session already enjoying a decent GBP/USD short trade from pre-London. However, we find ourselves at a Weekly central pivot point, and 4 hour 21 ema exactly at London open. Even if there would be further downside in the British Pound’s future, opening a major...