The dollar came back under pressure during the European morning after Russia indicated that global currency reserves would be discussed at the BRIC meeting. ...
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Forex Market Update: US Dollar Gives Back, Reserve CurrencyTo Be ...
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June 16 2009, 2:30pm | Comments »
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WORLD FOREX: Dollar Falls Again As Comments, Data Boost Euro
By Katie Martin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Renewed fears about a shift out of dollars for large official reserve holders have pushed the ...
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June 16 2009, 1:09pm | Comments »
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Asian Market Means More Dollar Strength 15-6-2009 | Financial 24
Asian Market Means More Dollar Strength Overall, the dollar continues to gain ground against the major currencies throughout the Asian session, as the market remains in risk-aversion mode. The current per.
Financial 24 | Financial News - http://www.financial24.org/
June 16 2009, 12:06pm | Comments »
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Forex and Financial Market Update 15 June 2009
Those three factors about sum it up to explain why the EUR/USD, GBP/USD, EUR/JPY, and GBP/JPY came under pressure, each losing several hundred pips to the ...
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June 16 2009, 11:55am | Comments »
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WORLD FOREX:Yen At Multi-Wk Highs Vs Euro,Dlr; Weak Stk Mkts
Overall sentiment in the currency markets "has soured because of falls in stock markets," said Masanobu Ishikawa, a foreign-exchange manager at Tokyo Forex ...
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June 16 2009, 10:50am | Comments »
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Forex Daily Forecast for USD/CHF - June 16, 2009
By FX-Forecaster | June 16th, 2009 1:22 am The underlying direction is bullish while the daily bias is bearish. Therefore it is likely that any losses are ...
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June 16 2009, 9:28am | Comments »
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The Forex Income Engine 2.0 is LIVE
(Be sure to read this post because it gives you access to a brand new Forex method that ‘flip flops’ the approach most people take… …and shows you how select groups of traders can get in on the huge volatility in the Forex markets RIGHT NOW that’s being created by the problems in the other global markets) Here’s what’s up… In the past week, nearly 40,000 traders got exclusive access to 30+ trader Bill Poulos’s complimentary 3-part “Flexible Forex” 2.0 training videos… -these videos revealed his recent Forex discovery that shows you how to manage risk first when placing a trade, and THEN look for a profit as quickly as possible (and as many times a day as possible) all according to YOUR schedule. So if you have ANY interest in discovering how to finally become an INDEPENDENT trader in the Forex markets, where you always know what to do, no matter what happens… keep reading and GET READY… http://www.flexiblefx.com/y/?i=773362&u=2&l=f65 ——————————— A TURNING POINT IN FOREX TRADING? ——————————— Bill was planning on releasing his new course in the Fall, but due to extreme interest from the Forex trading community, he put all his other projects on hold in order to release it this week. Based on the early feedback he’s been receiving from those lucky enough to see a preview copy, it looks like this may be a turning point in Forex trading. Why? Because Bill does everything in his power to give you the “keys to the kingdom” where you understand EXACTLY what to do when you go to place a trade. There’s never any second guessing or wondering. CAUTION: This is NOT for “systems junkies”, or individuals who like to let others make their trading decisions. ==> But it IS for traders who like to have FULL CONTROL of their destiny in the markets. —————— IT’S ALL ABOUT YOU —————— Bill designed this new method with YOU and YOUR schedule in mind. It’s all about giving you the flexibility you need in your busy day to trade in as little as 20 minutes… or even all day long if that’s what you have time for… -but he’s only planning on releasing a limited amount of courses in the next week that show you how to find trade setups quickly, protect your position with a sort of “risk shield”, and then look for profit as fast as possible so you can move on to the next trade. So if you want to… * Triple your profit potential by simultaneously looking at the short, intermediate, and longer-term trends and then automatically using the dominant trend to virtually ensure your edge and give you the best chance for a successful trade… * Get started quickly and place your first trade with as little as a $500 trading account when you use “mini lots”… * Trade in as little as 20 minutes, or all day long, by customizing your daily trading plan with the timeframes of your choice to fit your changing schedule… * Enjoy frequent and fast trades from start to finish by quickly identifying only the highest-probability, lowest-risk trades… * Practically “rub out” account-crippling losses by using simple yet profoundly powerful risk management rules. It’s like having a Forex “Risk Shield” so you’re protected at all times… * Become an independent trader and stop relying on so-called gurus, black box systems, or other gimmicks. Be totally confident when you know what to do every time, no matter what happens in the markets… …then check out the open letter Bill wrote for you that describes all the details: http://www.flexiblefx.com/y/?i=773362&u=2&l=f65 I hope you’re as excited as I am about this. Good Trading, Alin Vit p.s. I’ve seen this developer’s trading courses disappear in a matter of days in the past, and it’s a near certainty it will happen again… so IF YOU VALUE YOUR TIME, I really urge you to check out his letter here, and then ask yourself how what he has to say stacks up against how YOU currently trade: http://www.flexiblefx.com/y/?i=773362&u=2&l=f65
June 16 2009, 6:02am | Comments »
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AUDUSD edges higher after RBA minutes
AUDUSD has managed to rally back above 79c as the market acknowledges that Australia is one of the few economies to expand last quarter. There is growing speculation that the RBA may even raise rates over the next 12 months on signs of recovery. On the day the rally maybe short lived. The 7930 breakdown level is the pivot point to watch in my eyes. I would still look to sell rally towards 7930, buying them back at 7870. A close below 7930 might help the argument for a move lower towards 7820 area. However, Model traders have been buying over the last week and will look to buy more on dips back at 7820 area. On the day Im selling 7920 and buying them back at 7870.
June 16 2009, 5:32am | Comments »
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How Does A Forex Broker Trade Against You? | Today Foreign Exchange
also, do you know what kind of brokers that don't trade against you, I am currently using FXDD. (I used to trade FXCM and I could tell they trade against the.
Today Foreign Exchange - http://forer.000webhost.com/
June 16 2009, 4:50am | Comments »
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AUD/JPY Technicals: Long term view is best
My view here is that we are currently nearing the end of the retracement phase which will be followed by a resumption of the downtrend. Whether the retracement ends at the 50% level at 80 or whether we see another push higher towards the golden retracement at 85.50 remains to be seen. Support should be firm around the previous Fibo resistance level of 73.90, which is also approximately where the bullish trendline comes in. I’m looking to play a 74/80 range in the short term and I will hopefully be able to establish a long term short position somewhere around 85.50.
June 16 2009, 4:40am | Comments »
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No surprises in RBA minutes
The market is digesting the minutes from the last RBA meeting but, based on the headlines, there have been no real surprises. AUD/USD is steady at .7885.
June 16 2009, 4:33am | Comments »
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Minor technical support at 133.30 in EUR/JPY
The fall in USD/JPY (96.70 at time of writing) shows no sign of letting up and EUR/JPY has fallen to 133.30, which was a series of previous highs which should now offer some minor support. Below here, and we look set for a big fall to the major trendline at 130.65.
June 16 2009, 4:16am | Comments »
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FOREX-Dollar rebounds broadly, euro hit by weak data
NEW YORK, June 12 - The dollar rose on Friday, rebounding from vicious selling earlier this week, while data showing a plunge in euro-zone industrial ...
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June 16 2009, 4:07am | Comments »
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USD/JPY still falling
Bids between 97.00/25 are currently soaking up some heavy selling, with 97.02 the low thus far. One dealer has mentioned some heavy stops below the figure but no confirmation there as yet. The bearish momentum is certainly gaining strength. The Nikkei is down 1.75%, adding to the risk-aversion sentiment.
June 16 2009, 4:07am | Comments »
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Another analyst sees US losing AAA credit rating
Robert Prechter who made a name for himslef by predicting the crash of ‘87 is yet another analyst who sees the US losing it’s AAA rating. He thinks it will happen before the end of 2010.
June 16 2009, 3:55am | Comments »
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Stops outweighing bids in USD/JPY
Dealers report heavy selling of USD/JPY which the bids at 97.50 have not quite been able to soak up, 42 the low so far. Corporate offers have been lowered so expect stiff resistance at 98.10/20 on any rally.
June 16 2009, 3:43am | Comments »
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EUR/USD: bids at 1.3750 stemming the tide
It might only provide some temporary respite but some decent sized buying interest in the EUR/USD at 1.3750 looks to have halted the bearish momentum, for a few moments at least. Offers are expected to be heavy on any short-covering rallies back towards 1.3800.
June 16 2009, 3:34am | Comments »
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Japanese FinMin says USD to remain reserve currency
Japanese Finance Minister Yosano is on the newswires reiterating his opinion that the USD will remain the world’s reserve currency.
June 16 2009, 3:24am | Comments »
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Nikkei and Kospi both over 1% lower in early trade
The Japanese and Korean equity markets have picked up again on the negative sentiment from yesterday and are both over 1% lower in early trade.
June 16 2009, 3:14am | Comments »
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News of protester death in Iran spooks market
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.
June 16 2009, 2:59am | Comments »