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Forex Market News

Gold "Caught in Bind" as Stocks Fall, Fresh Easy Money Looms, Dow/Gold Ratio Falls Tuesday, August 31, 2010 @ 8:44AMTHE PRICE OF GOLD held in a tight range as London re-opened after the Summer Bank Holiday on Tuesday, slipping $3 an ounce to $1235 as world stock markets fell again to near the end of August some 6% down on the month.
BNP Paribas Grows FX Sales Team in New York, Hires Lincoln Shepherd and Jin Park Tuesday, August 31, 2010 @ 8:08AMNEW YORK, NY--(Marketwire - August 31, 2010) - BNP Paribas Corporate and Investment Banking is pleased to announce the addition of Lincoln Shepherd and Jin Park to the Foreign Exchange (FX) Sales team. Lincoln and Jin are both based in New York and report to George Nunn, head of FX and Local Market Sales, NY.
BNP Paribas Grows FX Sales Team in New York, Hires Lincoln Shepherd and Jin Park Tuesday, August 31, 2010 @ 8:00AMNEW YORK, NY--(Marketwire - 08/31/10) - BNP Paribas Corporate and Investment Banking is pleased to announce the addition of Lincoln Shepherd and Jin Park to the Foreign Exchange (FX) Sales team. Lincoln and Jin are both based in New York and report to George Nunn, head of FX and Local Market Sales, NY. Lincoln spent the past ten years with Barclays in Boston and NY covering Real Money accounts ...
Japan may consider unilateral yen-selling: report Tuesday, August 24, 2010 @ 1:43PMNEW YORK (Reuters) - Japan's Ministry of Finance may consider unilateral yen-selling market interventions if speculators drive up the currency, Nikkei Business Daily reported on Tuesday.
Dollar pares losses vs yen Tuesday, August 24, 2010 @ 12:25PMThe U.S. dollar pared losses against the yen on Tuesday after the Nikkei business daily reported the Bank of Japan is considering additional steps to loosen monetary policy.
Stock Picks: Focus Media, Priceline.com, Time Warner Cable Tuesday, August 24, 2010 @ 12:14PMWall Street analysts offer buy, sell, or hold opinions on stocks in the news on Aug. 24
Forex: EUR/GBP holds near 7-week lows Monday, August 23, 2010 @ 3:43PMFXstreet.com (Barcelona) - On a day of light trading volume due to lingering pessimism and little economic data to go on, the EUR/GBP remains intact around 0.8160 near 7-week lows.
Australian dollar reverses losses vs U.S. currency Monday, August 23, 2010 @ 6:30AMLONDON, Aug 23 (Reuters) - The Australian dollar reversed losses against the dollar on Monday as traders bought back the currency, which initially fell after Australian election results showed neither of the two major parties secured an outright win.
Asia Roundup: Talk of yen measures boost marts Thursday, August 19, 2010 @ 10:54AMHONG KONG: Hopes that the Japanese central bank will announce measures to stem the yen's rise lifted the US dollar yesterday while also giving a boost to Asian stock markets. Traders bought up the greenback following a report that the Bank of Japan (BOJ) will consider steps to prevent any further strengthening of the nation's currency, which hit a 15-year high against the US unit last week ...
Interpreting Stochastics Wednesday, August 18, 2010 @ 3:20PMStudent's Question: My question is regarding when do we enter a trade using Stochastics: 1. after stochastics have crossed 80/20 lines in either direction? 2. after stochasics crossed below the 80 and above the 20 lines?
FOREX-Euro rebounds from last week's drop; yen, franc gain Monday, August 16, 2010 @ 12:14PMFOREX-Euro rebounds from last week's drop; yen, franc gain
Rupee weakens by 3 paise to 46.79 against Dollar Monday, August 16, 2010 @ 12:08PMMumbai, Aug 16 : The Rupee weakened today by three paise to 46.79 against the Dollar due to negative trend in equity markets, traders at the Interbank Foreign Exchange (FOREX) said here.
Dollar under pressure against yen in Asia Sunday, August 15, 2010 @ 10:58PMTOKYO: The dollar was under pressure against the yen in Asian trade today as investors closely watched for possible steps Japanese authorities may take against the yen's strength, dealers said. The dollar was changing hands at 85.72 yen in Tokyo morning trade, down from 86.28 yen late Friday in New York, where the greenback had slumped to the mid-84 yen level last week. The euro was almost flat ...
Asian Stocks Fall to Three-Week Low as Yen Gains on Japan GDP Sunday, August 15, 2010 @ 10:55PMAsian stocks fell, with the region’s benchmark index dropping to a three-week low, while the yen strengthened after Japan’s economy expanded more slowly than economists estimated. Copper futures rallied.
Investing: Income Plays for a Low-Yield World Sunday, August 15, 2010 @ 10:01PMPros tell Businessweek.com where they see the "sweet spot" for yields in key asset classes
Aurobindo net halves on forex loss, overheads Saturday, August 14, 2010 @ 3:08AMDrugmaker Aurobindo Pharma's quarterly net profit halved, substantially lagging street estimates on forex losses and a rise in operational costs.
'Iran may keep dollar in forex basket' Saturday, August 14, 2010 @ 2:59AMThe governor of the Central Bank of Iran (CBI) says the bank specifies the composition of the country's foreign currency deposits based on national interests.
Suzlon losses double in June qtr, at Rs 912 cr Saturday, August 14, 2010 @ 2:38AMSuzlon Energy, the world’s third largest wind energy turbine maker, had consolidated net loss of Rs 912.2 crore for the quarter ended June, double the Rs 452.7 crore loss in the corresponding period of last year. It blamed lower sales volumes and forex losses of Rs 250 crore.
European Stocks Mostly Slump, Though Buoyed by Optimism from ECB Monthly Bulletin Editorial for August Thursday, August 12, 2010 @ 11:41AMECB Publishes August Monthly Report Euro-zone Industrial Production Falls Unexpectedly Irish Debt Default at Highest Risk in 17-Months
Forex: USD/CAD falls to 1.0425, fresh daily low Thursday, August 12, 2010 @ 10:58AMFXstreet.com (Córdoba) – The Dollar rose to 1.0495 against the Loonie reaching a 3-week high earlier during the European session but failed to break above 1.0500 and lost strength. The pair retreated, broke below 1.0445 and fell to 1.0425, new daily low.
Trading Patterns and Trader Perception: Credit Crisis Part II? Thursday, August 12, 2010 @ 10:43AMThe path of least resistance is long-Usd.
GBP/USD Performance Chart as at 8:00 p.m. Singapore time, 12/08/10 Thursday, August 12, 2010 @ 10:37AMForex Focus is brought to you by http://www.igmarkets.com.sg/ Read more...
Forex: USD/CHF breaks below 1.0500 Thursday, August 12, 2010 @ 10:28AMFXstreet.com (Córdoba) – The Swiss Franc is rising further across the board and against the Dollar erased yesterday losses. USD/CHF retreated further from 1.0630, broke below 1.0500 and tumbled to 1.0465, fresh daily low.
Japanese Yen Outlook Remains Bullish Thursday, August 12, 2010 @ 10:21AMUSDJPY The ratio of long to short positions in the USDJPY stands at 5.07 as nearly 84% of traders are long. Yesterday, the ratio was at 5.62 as 85% of open positions were long. In detail, long positions are 8.7% lower than yesterday and 0.3% weaker since last week. Short positions are 1.2% higher than yesterday and 9.6% weaker since last week. Open interest is 7.2% weaker than yesterday and 15.6 ...
British Pound Forecast to Decline Against Japanese Yen Thursday, August 12, 2010 @ 10:21AMGBPJPY The ratio of long to short positions in the GBPJPY stands at 1.78 as nearly 64% of traders are long. Yesterday, the ratio was at 2.05 as 67% of open positions were long. In detail, long positions are 9.4% lower than yesterday and 31.0% stronger since last week. Short positions are 4.2% higher than yesterday and 30.2% weaker since last week. Open interest is 4.9% weaker than yesterday and ...
British Forecast Turns Bearish on Sentiment Thursday, August 12, 2010 @ 10:21AMGBPUSD The ratio of long to short positions in the GBPUSD stands at -1.08 as nearly 52% of traders are short. Yesterday, the ratio was at -1.23 as 55% of open positions were short. In detail, long positions are 9.3% higher than yesterday and 25.9% stronger since last week. Short positions are 4.1% lower than yesterday and 28.1% weaker since last week. Open interest is 1.9% stronger than ...
Euro Likely to Fall Further Against Us Dollar Thursday, August 12, 2010 @ 10:21AMEURUSD The ratio of long to short positions in the EURUSD stands at -1.14 as nearly 53% of traders are short. Yesterday, the ratio was at 1.15 as 53% of open positions were long. In detail, long positions are 14.2% lower than yesterday and 2.8% stronger since last week. Short positions are 12.6% higher than yesterday and 10.2% weaker since last week. Open interest is 1.7% weaker than yesterday ...
Operationally, we continue to script a brilliant story Wednesday, August 11, 2010 @ 4:35PMBharti Airtel's CEO Sanjay Kapoor's prophecy about the Indian telecom market seems to be coming true. Last year, when Bharti's earnings started showing a decline for the first time in several years, Kapoor was quick to point out that by this time of the year the market would start looking up.
Stockmarkets to set the tone again Wednesday, August 11, 2010 @ 4:28PMWall Street fell by up to 3% today, erasing all it's gains from the first part of the year and this will set the tone for Asian markets. The Nikkei started the rout yesterday with a big fall and it's likely to be more 'risk-off' again today.
JPY crosses falling early; must be stops nearby Wednesday, August 11, 2010 @ 4:28PMEUR/JPY has resumed it's fall early in the Twilight zone and if the market moves appreciably at this time of the day it's usually because there's some stop-loss hunting going on. Next support is a previous daily low at 109.15.
Quick View Wednesday, August 11, 2010 @ 4:23PMDutch bancassurer ING Groep easily beat second-quarter estimates on Wednesday as strength in its retail banking business offset huge market-driven losses in its US insurance business.
ERC to cut allowable revenue for NGCP if it can’t improve on congestion problem Saturday, August 7, 2010 @ 11:05PMThe Energy Regulatory Commission (ERC) will be cutting further the maximum allowable revenue (MAR), which is the basis of its profitability, if the National Grid Corporation of the Philippines (NGCP) will not improve on its technical performance on easing congestion in the transmission system. It was seen in the latest prices at the Wholesale Electricity Spot Market (WESM) the cost up-ticks ...
Lower gold prices slash forex reserves to $48.6b Saturday, August 7, 2010 @ 12:52PMThe country’s gross international reserves dropped $100 million to $48.603 billion at the end of July from a month ago due to lower prices of gold in the international market.
FOREX-Dollar struggles in U.S. payrolls countdown Friday, August 6, 2010 @ 7:22AMFOREX-Dollar struggles in U.S. payrolls countdown
Dollar hits fresh 8-month low vs yen after GDP data Saturday, July 31, 2010 @ 9:04PMNEW YORK, Jul 30 (Reuters) The dollar hit a multi-month lows against the yen and Swiss franc on Friday as U.S. economic growth data showed growth in the world's largest economy is slowing and reinforced the view interest rates will remain low well into the next year.
Infotech Enterprises –Book profits Saturday, July 31, 2010 @ 1:33PMInvestors can book profits in shares of Infotech Enterprises (Infotech), an engineering and geospatial services provider, given the margin concerns that the company is likely to witness and challenges in the form of declining contribution from key verticals.
Stocks, dollar ease as soft U.S. economic data Friday, July 30, 2010 @ 9:16PMNEW YORK: Global stocks and the U.S. dollar slid on Friday, July 30 as investors trimmed risk exposure on data showing the U.S. economy slowing a bit more than expected even as other news suggested a slow, steady recovery. The dollar hit its lowest since November against the Japanese yen as data showing U.S. gross domestic product slowed in the second quarter reinforced expectations for low U.S ...
TradeStation Group Recognizes Three Cents Per Share Unrealized Gain Resulting From CBOE Initial Public Offering Thursday, July 29, 2010 @ 6:40AMPLANTATION, Fla. -- TradeStation Group, Inc. today reported that its second quarter earnings, which were released last week, did not reflect a 3 cent per share unrealized gain that should have been recorded as a result of the Chicago Board Options Exchange initial public offering in June 2010.
Turkish cbank raises forex reserve requirement Thursday, July 29, 2010 @ 6:16AM* Forex reserves requirement raised by 0.5 pct point * Lira reserve requirement left unchanged * Move will soak up $720 mln fx from the market
FOREX-Dollar edges lower, kiwi down on rate outlook Wednesday, July 28, 2010 @ 7:52PMFOREX-Dollar edges lower, kiwi down on rate outlook
Forex: EUR/USD holds below 1.3000 Tuesday, July 27, 2010 @ 2:13PMFXstreet.com (Córdoba) – The Euro has been unable to regain the 1.3000 zone after falling to 1.2950 (daily low). The pair recovered from the lows and tested levels above 1.3000 but it was rejected.
Shanghai Forex Market Should Control Yuan Price Setting, PBOC's Zhang Says Saturday, July 24, 2010 @ 10:28PMShanghai’s foreign-exchange market should control price setting for China’s yuan, Zhang Jianhua , director of the research department at the People’s Bank of China, said today.
UK banks take the lead in stress tests Saturday, July 24, 2010 @ 3:36PMStress test fillip as institutions look to capital ratios when deciding which lenders to support
HOME PAGE Saturday, July 24, 2010 @ 1:29PMIOC posts Rs 3,388-cr loss as refining margin slumps Under recoveries, forex losses too hit performance. Indian Oil Corporation Ltd (IOC) posted a loss of Rs 3,388 crore in the first quarter of the current fiscal ended June 2010 compared with a profit of Rs 3,683 crore for the same quarter last ...
Stress test concerns weigh on world markets Friday, July 23, 2010 @ 9:30AMThe looming publication of the stress test results into 91 of Europe's banks weighed on world markets Friday despite further encouraging economic signals, particularly from Europe.
Forex: EUR/USD tumbles ahead of stress test Friday, July 23, 2010 @ 9:13AMFXstreet.com (Córdoba) – The Euro fell sharply against the Dollar extending its decline from 1.2963 amid rumors about the methodology and results of the stress tests of European banks that will be announced in about an hour.
FOREX-Euro falls as doubts over bank stress tests grow Friday, July 23, 2010 @ 9:05AM* Concern grows over stress tests credibility
Forex: GBP/USD retreats from 1.5450 to levels below 1.5400 Friday, July 23, 2010 @ 8:43AMFXstreet.com (Barcelona) - Pound's recovery from week low at 1.5150 extended 200 pips higher during European trading and, fuelled by UK GDP data, the pair soared to 1.5450 high to trim gains ahead of Wall Street's opening dropping back to 1.5350.
Forex: USD/CHF breaks higher to 1.0485 session high Friday, July 23, 2010 @ 8:13AMFXstreet.com (Barcelona) - Dollar recovery from yesterday's low at 1.0395 has extended higher ahead of Wall Street opening, with the pair breaking above 1.0455/65 resistance area to reach a new session high at 1.0485 so far.
Forex: USD/JPY breaks above 87.20 Friday, July 23, 2010 @ 7:58AMFXstreet.com (Córdoba) – The Dollar broke above 87.20 against the Yen and rose to 87.47 reaching a fresh daily high.