Forex dealing, or foreign exchange trading, is one of the most popular a conceptions in the business world today. It admits businesses to operate on an international basis as it eliminates the restrictions caused by several countries ...Upost-Article.com - http://upost-article.com/eukucus/
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USD/JPY in unusual role: Leading Man
USD/JPY has surged to the forefront after a months-long slumber today. The buck is getting a major boost from firmer yields, Though the are easing from their highs (10s at 3.80%). USD/JPY is well above its 200-day moving averag and may challenge trendline resistance at 98.27, drawn from 101.45...
Can Euro Maintain in Forex Trading? | GFT Forex
Questions about whether or not the euro will make a run at 1.50 are in focus today on the currency market. The forex trading forecast for the euro is dependent, in large part, on the risk trade, and the risk trade seems to be gathering steam right now. Indeed, as forex traders abandon the U.S....
EUR/GBP bottoming out at .8730
The market is deciding which way now for the pound after the European elections. It seems that indecision is the overriding sentiment and this is in turn bad for sterling; if in doubt, sell. EUR/GBP is up at .8775 after opening at .8745 and there is a bottom forming on the hourly chart at .8730. As...
Rel Comm posts 51% decline in profits due to forex losses
RCOM, part of the Reliance Anil Dhirubhai Ambani group, has posted net profit of Rs 740 crore in the September quarter, compared to Rs 1,531 crore in the year-ago period. The forex loss of Rs 283 crore forced the company, which posted a marginal 1% rise in revenue to Rs 5,703 crore, to post a sharp...
Tote Hose
A great German expression which literally means “dead trousers”. When applied to the FX market, tote hose means that absolutely nothing is going on. Who says that you don’t learn anything in the FX market. By the way, Die Toten Hosen is a German punk band from my old arbeitsplatz...