Currency Trading News

Short-Term Forex Technical Outlook: EUR/USDTuesday, January 6, 2009 @ 1:28AMThe EURUSD plunged 300+pips during the previous trading day as market participants expect the European Central Bank to continue their easing cycle, and the euro will remain on the defensive over the near-term as investors expect the central bank to lower the benchmark interest rate by another 50bp in 2009.

China Stocks Rise, Led by Financials on Pudong Bank ProfitTuesday, January 6, 2009 @ 1:27AMJan. 6 (Bloomberg) -- China’s benchmark stock index rose for a second day, led by financial and energy companies, after Shanghai Pudong Development Bank Co. said profit more than doubled and crude oil prices traded close to a one-month high.

Japan auto execs hope for U.S. recoveryTuesday, January 6, 2009 @ 1:17AMJapan auto executives gathered for an annual New Year's party Monday expressed hopes for a U.S. turnaround and a strengthening dollar to fix the faltering global market.

(AFX UK Focus) 2009-01-06 05:43 South African Markets - Factors to watch on Jan 6Tuesday, January 6, 2009 @ 1:14AMJOHANNESBURG, Jan 6 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.

Yen Soars To New Multi-day Highs Against Euro And FrancTuesday, January 6, 2009 @ 1:08AM(RTTNews) - The Japanese yen traded higher against its major counterparts during Asian trading on Tuesday. The yen jumped to a 6-day high against the euro and a 13-day high against the franc.