Dealers are also saying that news of at least one protester death in Iran has reignited fears of a protracted conflict and this in turn is aiding risk aversion across all markets.
News of protester death in Iran spooks market
Source: www.forexlive.com
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Japanese Industry Lagging Behind
Source: ForexYard An index which measures the change in industry activity in Japan revealed this morning that the island nation may be experiencing...
October 2011 performance review for Danica
October 2011, the tenth month of the second year of Danica's live operation, saw generally high risk appetites and ended with the long-awaited JPY intervention. The system continued on auto-pilot without parameter changes. The market average of the correlation coefficient between its forecasts and...
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...
REFILE-FOREX-Euro falls vs dollar; ECB, BoE decisions in focus
By Nick Olivari NEW YORK, June 4 (Reuters) - The euro fell against the dollar on Thursday in volatile trading following the European Central Bank's decision ... See all stories on this...
FOREX-Dollar holds steady ahead of Fed
The dollar held steady on Tuesday before the start of the U.S. Federal Reserve's policy-setting meeting, while the Australian dollar fell after its central bank raised rates but took a cautious stance going forward. Falls in European share prices also supported the dollar, which has a tendency to...