By By our correspondent KARACHI: The surge in the crude oil price threatens to drain foreign reserves of the country, which will result in more loans being ...
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Oil price surge threatens forex reserves
Source: www.thenews.com.pk
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EUR/JPY grinding higher
The EUR is modestly outperforming both the AUD and the GBP so far today which is not so much of a surprise given Asia’s propensity to consolidate overnight moves rather than break new ground. EUR/JPY is up at 138.00 and with the Nikkei looking to close the week above 10,000, risk aversion is...
Weekly Forex Market Followup (January 30th – February 3rd 2012)
By Michael Trinkle, ForexTraders Key Fundamental Forex Events for the Week of January 30th through February 3rd The following table lists the key economic data and other events that came out during the week of January 30th through February 3rd, with release times displayed for the GMT time...
Return vs risk in the presence of simultaneous opportunities: Step Two optimization update.
Here is a further step towards optimizing the forex trading system performance in the "semi-isolated" mode. The "isolation" means that each market is being predicted independently of the rest, with no attempt to discover and learn the inter-market patterns. However, the money-management component...
View of the Day: Don't write off the dollar
There are a number of reasons why its too early to bet on a collapse in the dollar in 2010, says Donald Rissmiller at Strategas Research Furthermore, the debt-to-GDP ratio remains below the 100 per cent level typically considered problematic. “While there has been some talk of an eventual US...
Slightly steadier picture in Baltics will also be helping euro
Things are looking a little steadier in the Baltics, which will be lending the euro some support. The Lat has seen some improvement this morning, as the market awaits news that the Latvian cabinet has agreed to slash 500 mln lats of public spending in 2009. Confirmation of the cuts is expected to...