Source: ForexYard The combination of a worse than expected Italian debt auction and the credit downgrading of several euro-zone countries on Friday,...
Euro Tumbles Following Ratings Downgrade
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UBS said to be in talks about repaying swiss state investment
UBS, the European bank with the biggest losses from the global financial crisis, is in talks with Swiss government about repayment of 6 bln francs in state...
USDJPY’s fall from 83.84 reaches 82.78 only
USDJPY’s fall from 83.84 can reach 82.78 only, the subsequent bounce has brought price to a trading range between 82.78 and 83.84. Now...
Question from a novice
I have been studying forex for 6 months and trading for 3. I understand the concept of risk aversion/risk appetite. Stocks become unattractive, demand for safe haven currency rises. I understand this concept, however I am not clear on how this works. It seems when asian markets dive the yen...
FOREX-Yen rally as US unemployment rises above 10 pct
NEW YORK, Nov 6 (Reuters) - The yen rise on Friday after a report showed the U.S. unemployment rate spiked to 10.2 percent, fueling worries about the health of the economy and boosting safe-haven demand for the Japanese currency. The government reported U.S. employers cut a deeper-than-expected...
Quiet start to interbank Monday
The disturbances in Iran have some traders talking of a possible risk-aversion play this morning but the USD is only slightly firmer, 1.40 against the EUR versus a 1.4020 close on Friday night, and EUR/JPY is only slightly lower, 137.70 versus a 137.90 close. All in all, the early interbank session...