By Back Bay FX - Ever since the US Fed’s FOMC statement on June 24, we have held a fundamental position that [...]
Strong Dollar - We give in
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Bigger players sniffing around USD/JPY
I had heard of some large bids at 97.25 in USD/JPY and that was the overnight low, seemingly confirming the chatter. The market is currently trading 97.33/35 and there is only a total of about 100 mio on the bid down to 97.21 and that is with Tokyo up and running. Maybe the rumoured bids...
WORLD FOREX: Euro Falls On Report Of German Credit Woes
By Takashi Mochizuki Of DOW JONES NEWSWIRES TOKYO (Dow Jones)--A reported worsening in credit conditions for large German companies weighed on the euro ... See all stories on this...
Another Breakout Year For San Miguel Corporation (SMC)?
Ramon Ang-led San Miguel Corporation of SMC in the Philippine Stock Exchange was under the spotlight during the last quarter of 2010. From around...
France’s Lagarde says hopes Geithner’s message on strong dollar will be heard
French Finance Miinster Christine Lagarde says she hopes US Treasury Secretary Geithner’s message on strong dollar will be heard. She says everybody needs a strong dollar!!! Speak for yourself love, I’d like cable up around $2 so I can go do some very cheap Christmas shopping in New...
Japanese investors flocking to dollars
Higher rates are luring Japanese investors back into US Treasuries and have been for several weeks. Prices tested downtrend resistance at 98.30 in the last hour and is consolidating now at 98.15. A break of trendline resistance turns the focus back toward the 99.50/70...