The Bank of Thailand reduced its benchmark 1-day bond repurchase rate by 25 basis points to 3.25% from 3.50%. Bank of Thailand...
Bank of Thailand Drops Rate 25bps to 3.25%
Source: feedproxy.google.com
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JPY, USD firmer in Asian trade
The JPY and USD have firmed in overnight Asian trade, with risk aversion slightly heightened, and with Asian stocks posting losses. EUR/USD is down at 1.3865 from a North American close Monday around 1.3900, while EUR/JPY is down at 136.10 from around 136.95. Asian market seems to have picked up...
AUDUSD’s upward move extended to 0.9361
AUDUSD’s upward movement from 0.8771 extended to as high as 0.9361. Support is at 0.9260, as long as this level holds, uptrend is expected...
ZuluTrade Adds Russian Language Support
ZuluTrade’s website is now also available in Russian! I’m sure there are tons of Russian forex autotraders so no doubt this is a welcome feature for them all. Click here to view ZuluTrade’s website in Russian Do...
If this is a W Shaped Recovery and the next wave is upon us…
If we are facing a W Shaped recovery, how do you think the FX markets will react this time? Will the dollar strenghten again (like the fall of 2008), or will the next downturn sink the dollar? If it is a W Shaped recovery, which currencies will strengthen in round 2? I suspect we will se the dollar...
Weekly Market Wrap: March 9, 2012
This tenth trading week of 2012 comes to a close with investors keeping a close eye on oil prices and unfolding events in Greece....