The peso, real and rupee have outstripped the pound, dollar, euro and yen in the best opening to a year since the turn of the century
Emerging market currencies off to flying start
Source: www.ft.com
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EUR/USD: bids at 1.3750 stemming the tide
It might only provide some temporary respite but some decent sized buying interest in the EUR/USD at 1.3750 looks to have halted the bearish momentum, for a few moments at least. Offers are expected to be heavy on any short-covering rallies back towards...
Just in case you are starting to get bullish- a cold bath from Andy Xie
Andy Xie was a star at Morgan Stanley before he made the mistake of being too critical of the Chinese government. He is generally bearish on the financial markets future, after all he did work with Stephen Roche, but he is very abreast of all developments and is good at presenting his arguments....
Inflationary Growth Slowing in Australia
Source: ForexYard The quarterly report on the Australian producer price index (PPI) revealed a slow-down in growth from an expected 0.8% to a...
Daily Forex Tips - June 5th 2009
8:30 GMT- GBP PPI Input * This indicator reflects the change in the price of raw materials purchased by manufacturers. * This data release is forecasted to improve from the previous month’s result. * The results typically create volatile market conditions. * Higher than forecasted results...
The West Speaks of a No-Fly Zone Against Libya while Stocks Around the World Rally
By Michael Trinkle, ForexTraders Unrest in the Middle East seems to be entering a new stage where more frequent and decisive intervention by the so-called international community will have a role in determining the fate of regimes and dictators. NATO, U.S., and the U.N. are reported to be...