GM says the bottom of the car market comes this spring. The NAHB said the same about housing earlier today. Hope they are right EUR/USD is firm, as are equities. EUR/USD trades at 1.4315 while the S&P is up 0.4%.
Automakers join Realtors in calling a market bottom
Source: www.forexlive.com
Read more...
AUDUSD continues its downward movement
AUDUSD continues its downward movement from 1.0255 and the fall extended to as low as 0.9803 level. Deeper decline is still possible in a couple...
AUDUSD pulled back from 0.9457
After breaking above 0.9404 (2009 high) resistance, AUDUSD pulled back from 0.9457, suggesting minor consolidation of uptrend from 0.8771...
China’s Foreign Exchange Reserves Rank First in World
China’s foreign exchange reserves rose from 1,577 billion U.S. dollars in 1978 to 1, 950 billion dollars in 2008 to rank first in the world, said Yu Wenzhe, Chinese Ambassador in Ghana, on Tuesday. To the same token, China’s per-capital annual income of 62.5 dollars in 1978 reached...
Bloomberg TV: Managing Risk in FOREX Trading
Managing Risk in FX Learn about the tools you’ll need to manage risk in this global market that never sleeps....
FOREX VIDEO | NEW YORK SESSION REVIEW | June 30, 2009
The final trading day of Q2 and H1, plus a dose of sour US news, brought volatility to the currency market during today’s New York session. The US dollar rebound at the open of the session fueled moves on the major currency pairs, including a 60-pip short trade on the EUR/USD currency pair....