News
Dollar Retains Position Against Yen
Friday, the dollar retained its position against the euro and yen. However, industry insiders believe that the currency can be at a risk in case the jobs data in the US does not meet expectations. It will not help if new speculations come up about additional monetary easing from the … more
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US Dollar Reaches Close to a 3 Week Low
Thursday, following the Federal Reserve’s inaction to change perception that it is leaning towards a dovish stand on policies, the US dollar reached close to a 3 week low against other currencies.
For several market agents, the outcome of the policy meeting held by the Fed did not turn out to … more
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Yen Continued Drop Ahead of Monetary Policy Decision
Thursday, the yen continued its drop following interventions from Japanese authorities, just a few days ahead of the monetary policy decision to be made by the Bank of Japan (BoJ). After Masaaki Shirakawa, the governor of The BoJ stated that the bank is dedicated to monetary easing, the Japanese currency … more
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Yen Rises Against the Euro and Dollar
In an economic climate where investors are seeking safety from the crisis in the euro zone, the yen rose against the euro and dollar on Thursday. The yen’s climb was supported by the return of the currency at the fiscal year-end. Reports of the Q4 GDP in the US and … more
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Forex Traders with Exposure to Asian Currencies Should Tread with Caution
Those investors who have exposure to Asian currencies and, in particular, Chinese currency, should take into consideration the fact that this country is now facing the impact of the global slowdown quite drastically. Late in 2008, the country’s government followed the example of major economies around the world to initiate … more
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Euro Back in Favor with Greece’s 95% Participation
Currencies are undergoing some serious flux right about now and the Euro is at the center of affairs, not surprisingly. The success of the Greek debt swap deal has given some support to this economy and this support has strengthened Eurozone as a whole. Considering that the Greek financial crisis … more
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Economy Fears Intensify as More Slowdown Indicators Appear
The uncertainty in world markets continues to plague traders as various economies exhibit a slow down. On one hand, analysts have been talking about a second recession in the European countries.
China has chosen to take a step back and released a downward revised GDP prediction. The uncertainty about oil has … more
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Fed Chairman’s Comments Impact Dollar Movement
Forex traders should factor the effect of Fed Chairman Ben Bernanke’s words on the currency market before they get into any deals in the coming weeks. In his semi annual testimony Bernanke underlined the improvements that have been witnessed in the beleaguered U.S. economy. This indicated to traders that the … more
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How to Use the Mobile Forex Trading Apps at Vantage FX
Vantage FX, a London-based forex trading firm, has launched mobile trading apps for iPhone, Blackberry and Android phone users. With these apps, registered members of Vantage FX would be able to manage their positions even when on the move.
The mobile applications are free and provide real-time market updates to the … more
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Euro Recovered its Value on Asian Trading
The Euro managed to recover its value in Asian trading. This happened after the governor of the People’s Bank of China extended his support to Europe. He stated that China’s holdings on the single currency will be increased. This pushed up Euro’s value to $1.3191.
In response to Greece’s debt crisis … more
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