By Natalie R. - Following the flow of recent negative economic data, the US dollar dropped to its lowest level in 4 months, prompting speculations...
Forex News: ADP Employment Figures and the US Dollar
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Hungary Central Bank Lifts Rate 50bps to 6.50%
The Magyar Nemzeti Bank increased its central bank base rate by 50 basis points to 6.50% from 6.00%. The Bank said:...
Latvia/IMF do not discuss devaluation
Latvia and the IMF did not discuss a devaluation and are trying to maintain the present peg to the euro via a new budget. Swedish banks will breath a short-term sigh of relief. This is modestly EUR supportive, but the focuc is more on US jobs figures at the moment. EUR/USD is quiet at...
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...
Do you know who is managing your money?
As investors look for guidance in these troubled markets, one question can’t be avoided: Whom can you trust? During boom times, it was easy to hire a financial adviser and jump in the market. Now the market is in chaos and thousands of investors have been devastated by fraud, with Madoff...
Imminent Crisis in Forex Markets? | Forex Blog
Imminent Crisis in Forex Markets? The only thing predictable about currencies these days is that they will remain unpredictable. Forgive me for speaking in cliches, but when you consider that the last twelve months have seen both record ... Forex Blog -...