Forex Trading News
- Euro Advances on Speculation Greece’s Deficit Crisis Contained Thursday, March 11, 2010 @ 4:03PMMarch 11 (Bloomberg) -- The euro rose against most of its major counterparts as German government bonds dropped to the lowest level in more than two weeks on optimism Greece’s budget- deficit crisis has been contained.
- Forex: EUR range trading, still wobbly Thursday, March 11, 2010 @ 4:01PMFXstreet.com (London) - Euro has traded a tight range of 15 pips since the US open, largely unmoved by the disappointing jobs release earlier today. EUR/USD currently quotes at 1.3677 and is trading sideways bounded between 1.3679 and 1.3663.
- CFTC Charges Scottsdale, Arizona Resident Helmut H. Weber d/b/a Weber Capital Management with Solicitation Fraud and ... Thursday, March 11, 2010 @ 3:57PMDefendant used three websites to solicit customers and misappropriated approximately $280,000 of customer funds.
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- MTN Group Reports Sound Operational Performance for the Year Ended 31 December 2009 Thursday, March 11, 2010 @ 3:48PMJOHANNESBURG, March 11, 2010 /PRNewswire-FirstCall/ -- Highlights - Group subscribers up 28% to 116,0 million - Revenue up 9,2% to R111,9 billion - EBITDA up 6,7% to R46,1 billion - Adjusted Headline EPS down 16.6% to 754,3 cents - Adjusted Headline EPS, excluding the impact of functional currency losses, up 8,5% to 878,9 cents - Dividend per share of 192 cents Overview MTN Group revenues ...
- Ruble Strengthens to 14-Month High Thursday, March 11, 2010 @ 3:06PMThe ruble extended its recent rally on Thursday and analysts forecast more of the same unless the Central Bank steps up interventions or administers sharp interest rate cuts.
- Forex: Loonie sideways after USD rally cedes Thursday, March 11, 2010 @ 3:01PMFXstreet.com (London) - The USD rally across the board which ensued following the weaker US jobs data was shortlived this after, as majors all slipped back to pre-release levels.
- Sensex ends higher by 70 points Thursday, March 11, 2010 @ 2:51PMMUMBAI: Stock markets registered fresh gains on Thursday with the benchmark Sensex closing with a 70-point gain after touching its highest level in a year, helped by heavyweight Reliance Industries and expectations of robust industrial growth.
- Forex: AUD ticks up, despite jobs Thursday, March 11, 2010 @ 2:31PMFXstreet.com (London) - Aussie dollar has managing to edge some gains out of this session, despite the pressure of a $30 sell-off of gold, a major Australian export. Also compounding negative pressure on the Aussie was Australia jobs figures which came out worst than expected on Thursday.
- Forex: GBP/JPY, rejected at 136.50, drops to 135.50 session low Thursday, March 11, 2010 @ 10:16AMFXstreet.com (Barcelona) - Pound's rally from Wednesday's low at 133.90 has been rejected at 1.3650 session high, right above the release of US data, and the pair has given away 100 pips since, dropping to 135.50 low so far.
- Forex: USD/JPY peaks at 90.70 and pares gains after claims data Thursday, March 11, 2010 @ 9:31AMFXstreet.com (Barcelona) - Dollar rebound from 90.20 session high has been halted at 90.70 high, and the Dollar has pulled down after a softer than expected decline on US initial jobless claims, dropping to 90.30 area.
- Forex: EUR/USD turns down from 1.3685 and dips to 1.3630 Thursday, March 11, 2010 @ 9:16AMFXstreet.com (Barcelona) - Majors are moving choppy after US data the Euro has turned down from 1.3690 session high, reached immediately after the release of US claims and the pair has turned down to 1.3630 shortly afterwards.
- Forex: GBP/USD rally caps at 1.5065, and eases to 1.5000 after claims data Thursday, March 11, 2010 @ 9:16AMFXstreet.com (Barcelona) - Pound's rally from 1.4945 session low at European opening has been capped at 1.5065 session high and the Pound is pulling down on a bear5ish reaction to weaker than expected US initial jobless claims, reaching 1.5000 ahead of Wall Street opening bell.
- Forex: Dollar dips on weaker than expected jobless claims Thursday, March 11, 2010 @ 9:01AMFXstreet.com (Barcelona) - The Dollar has been damaged by a weaker than expected decline on weekly claims, and the Greenback has ticked down against its major rivals, extending pullback against Euro which has stretched to a fresh session high.
- Core Retail: Better Than Before? Thursday, March 11, 2010 @ 8:59AMThis month there is a projected change from the previous 0.1% to 0.6%. Will the actual number be higher or lower than forecast? Read David Goodboy's take.
- Forex: EUR/USD bounces at 1.3620 and hits session high at 1.3665 Thursday, March 11, 2010 @ 5:31AMFXstreet.com (Barcelona) - The Euro is picking up on European session and after bouncing art 1.3620 intra-day low, the Euro has gained more than 40 pips reaching session high at 1.3665, and approaching yesterday's top, at 1.3680.
- Forex: GBP/USD rises past 1.5000 as CPI expectations increase Thursday, March 11, 2010 @ 5:16AMFXstreet.com (Barcelona) - Pound's rebound from 1.4780 low on Wednesday has extended past 1.5000 with the pair hitting session high at 1.5010 as UK public CPI expectations for the next 12 months edged up in February.
- Forex daily technical analysis - March 11 Thursday, March 11, 2010 @ 5:09AMForex daily technical analysis - March 11
- Forex: USD/CHF remains vulnerable to decline towards 1.0647/07 - FXTechstrategy Thursday, March 11, 2010 @ 3:46AMFXstreet.com (Barcelona) - Dollar decline from 1.0790/00 area found support at 1.0645 low on Tuesday, and the pair picked up, returning to levels above 1.0700, although, according to by Mohammed Isah, technical analyst at FXTechstrategy, further decline to 1.0647/07 area should not be discarded.
- Forex: EUR/USD testing 1.3620/25 support area Thursday, March 11, 2010 @ 3:31AMFXstreet.com (Barcelona)- The Euro is weakening at European opening times and, after having remained trading in range from 1.3625 to 1.3650 during Asian session, the pair has tried to extend decline from 1.3680 high on Wednesdfay, to levels below 1.3620/25 session low.
- Forex: USD/JPY, capped at 90.80, eases to 90.00 area Thursday, March 11, 2010 @ 3:16AMFXstreet.com (Barcelona) - Dollar's bounce at 89.65 on Tuesday extended higher yesterday, and the pair broke past 90.00 to reach 90.80 high on early US session, and the pair eased afterwards to bottom at 90.20 during Asian session.
- Forex: GBP/JPY falls and trading at 135.21 Thursday, March 11, 2010 @ 12:01AMFXstreet.com (Sydney) – The JPY is reversing recent losses against the pound and is trading at 135.21. Earlier, the pair had opened at 135.54 and has been as high as 135.67. Since then, the pair has maintained upward tendencies in the hourly charts.
- Yen Strengthens After China Reports Show Inflation Quickened Wednesday, March 10, 2010 @ 11:49PMMarch 11 (Bloomberg) -- The yen rose after Chinese economic reports fueled concern the government will introduce measures to temper growth, sparking demand for Japan’s currency as a refuge.
- Asia Stocks Erase Gains; Metals, Oil Dip on China Inflation Wednesday, March 10, 2010 @ 11:47PMMarch 11 (Bloomberg) -- Asia’s stock benchmark erased gains of as much as 0.6 percent, U.S. stock futures declined, and copper and oil fell after China’s inflation reached a 16-month high and new loans exceeded forecasts, adding to prospects the government will curb growth in the world’s third-largest economy.
- Speculation grows about Chinese rate hike, possibly tomorrow Wednesday, March 10, 2010 @ 11:31PMSome analysts are now predicting that, after today's data, the much anticipated rate hike might happen as soon as tomorrow. This would generally be bearish for the standard 'risk' trades with the logic being that a hike might slow Chinese growth down.
- NZD still trading with soft tone post RBNZ Wednesday, March 10, 2010 @ 11:16PMThe market knew what was coming but nevertheless insisted on buying the NZD in the two days leading up to the meeting. Governor Bollard said he's in no hurry to raise rates, no surprise there, and the NZD/USD falls 100 pips and is hanging around it's lows.
- FOREX-Yen up after strong China data, Aussie falls Wednesday, March 10, 2010 @ 11:06PM* Cross/yen and Aussie extend falls after China data
- Forex: EUR/AUD rising and trading at 1.4948 Wednesday, March 10, 2010 @ 11:01PMFXstreet.com (Sydney) – The EUR has reversed recent losses against the AUD and is trading at 1.4948. The pair also shows upward tendencies in the hourly charts. The EUR/AUD opened at 1.4911 and has been as high as 1.4961. The pair maintains support at 1.4755 and resistance at 1.5037.
- PAKISTAN - Market factors to watch - March 11 Wednesday, March 10, 2010 @ 10:52PMKARACHI, March 11 (Reuters) - Following is a list of events in Pakistan as well as news stories and press reports which may influence financial markets.
- Dollar gives ground as Chinese exports jump Wednesday, March 10, 2010 @ 12:41PMThe dollar gave back some gains Wednesday as a big jump in Chinese exports last month suggested global demand for goods is rising, while Portugal's successful bond sale helped calm some worries over budget problems facing...
- Dollar Gives Ground as Chinese Exports Jump Wednesday, March 10, 2010 @ 12:16PMDollar gives back some gains as Chinese exports jump, Portugal sells bonds Portugal - Travel and Tourism - China - Arts and Entertainment - Greece
- Forex: USD/CAD 5-month lows, Russian whispers resurface Wednesday, March 10, 2010 @ 12:16PMFXstreet.com (London) - CAD was given a small boost this afternoon as oil futures firmed on the back of consumption increases. EIA inventory figures showed surpluses reducing on distillate stockpiles. USD/CAD hit session lows of 1.0215, marking a 5 month low for the pair.
- Light Crude 03-10 Wednesday, March 10, 2010 @ 11:54AMCrude remains strong and the larger trend is considered up as long as price is above 6859 (under there completes a longer term head and shoulders top). Still, at least a setback looks likely near term as there are 5 waves up from the February low (and wave v is a diagonal). 8286-8350 is potential resistance from a gap. Expect weakness to at least below 7705. 7613 is potential support. It is ...
- Ringgit highest since Aug 2008 Wednesday, March 10, 2010 @ 11:53AMRINGGIT THE ringgit closed at a new high against the US dollar yesterday, supported by active buying in the local currency, dealers said. RHB Bank's forex dealer Badeeudin Mohd Abu Bakar said the last time this level was seen was in August 2008. At 5pm, the local unit appreciated against the greenback to 3.3180/3230 from 3.3410/3440 on Tuesday. RHB Bank's dealer Nur Adeline Baharin said the ...
- Gold 03-10 Wednesday, March 10, 2010 @ 11:53AMNo change: Gold has traded sideways since December and appears to be building a bullish base. Specifically, the base could be a complex head and shoulders (the head itself is a head and shoulders). In order to complete the pattern, gold would sell off once more towards 1075 before finding a right shoulder low. Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis ...
- Forex: USD/CAD: EIA crude stocks could spark "massive sell-off" - deltastock Wednesday, March 10, 2010 @ 8:01AMFXsteet.com (Barcelona) - The USD/CAD has fallen 40 pips from a daily high at 1.0290 to hit a daily low under 1.0250 ahead of the release of the weekly US EIA crude oil stocks at 15:30 GMT.
- Euro dogged by downbeat German exports data Wednesday, March 10, 2010 @ 7:54AMLONDON (AFP) - The euro pulled lower against the dollar on Wednesday in the wake of disappointing data in Germany, while traders tracked Europe's public debt woes, analysts said.
- Forex: EUR/USD rebound extends above 1.3600 to session high Wednesday, March 10, 2010 @ 7:31AMFXstreet.com (Barcelona) - After having declined at European session opening, the Euro has found support at 1.3945 session low, and the pair has bounced up about 60 pips higher returning above 1.3600 to session high at 1.3625.
- Forex: USD/CHF falls to daily low under 1.0730 Wednesday, March 10, 2010 @ 7:31AMFXstreet.com (Barcelona) - The US dollar has fallen to a hit a daily low versus the Swiss franc at 1.0728 in recent trading.
- Forex: GBP/USD bounces at 1.4870 and reaches 1.4940 Wednesday, March 10, 2010 @ 6:46AMFXstreet.com (Barcelona) - The Pound is gathering upside momentum after plunge to one-week low at 1.4870, weighed by an unexpected decline on UK manufacturing output, and the pair has taken back about 70 pips to reach 1.4940 area.
- Forex: GBP/USD falls almost 100 pips to 6-day low Wednesday, March 10, 2010 @ 3:46AMFXstreet.com (Barcelona) - The pound has lost almost 100 pips versus the dollar in the closing hours of the Asian session to fall from 1.4981 to a six-day low of 1.4885.
- Forex: Euro and Pound drop at European opening Wednesday, March 10, 2010 @ 3:31AMFXstreet.com (Barcelona) - Euro and Pound recovery attempts have been capped on Asian trading session, and they are both dropping at European opening, giving away previous gains and dropping back to week l0ows hit on Tuesday.
- anyoption™ Launches the First Ever Binary Options Trading Platform in the German Market Wednesday, March 10, 2010 @ 3:16AMThe first ever German binary options trading platform has been launched by anyoption™, the world’s largest and leading site of its kind. Not only is the binary options trading platform fully functioning in the German language but the entire launch and marketing campaign will be carried out in Germany, ensuring complete localization. (PRWeb Mar 10, 2010) Read the full story at http ...
- Forex: GBP/USD Attention remains on the 1.4789/80 - Commerzbank Wednesday, March 10, 2010 @ 3:16AMFXstreet.com (Barcelona) - The Pound attempted recovery after a sharp decline on Monday and Tuesday, but, unable to reach above 1.5015, sterling has dropped to levels right below 1.4900, showing that last week's corrective move has completed, according to Karen Jones, technical analyst at Commerzbank.
- Forex: USD/JPY recovery from 89.60 meets resistance at 90.15 Wednesday, March 10, 2010 @ 3:01AMFXstreet.com (Barcelona) - Dollar's decline from 90.65 high on Monday found support at 89.60 low on Tuesday's European session session, and the pair picked up since, to explore levels above 90.00 but resistance at 90.15 -previous low- has rejected the pair , which ticked down to 90.00 at European opening.
- anyoption(TM) Launches the First Ever Binary Options Trading Platform in the German Market Wednesday, March 10, 2010 @ 3:00AManyoption⢠has hired the talented and largest dialogue company in Germany, Global Group, to launch its euro 3m campaign. Together with the creative concepts of REMA Solutions, the launch is likely to cause a great stir amongst German investors.
- Forex: EUR/USD rejected at 1.3615 area, drops to 1.3560 Wednesday, March 10, 2010 @ 2:46AMFXstreet.com (Barcelona) - Euro decline from 1.3705 high on Monday extended below 1.3600 on Tuesday, to bottom at 1.3535 low, and the pair picked up on US session to be capped at 1.3615 and pull down at European opening to 1.3560 area.
- Forex: GBP/USD, recovery halts at 1.5015,drops below 1.4935 low Wednesday, March 10, 2010 @ 2:31AMFXstreet.com (Barcelona) - Pound's decline 1.5195 high on Monday triggered a 260 pip sell off, and the pair attempted to pick up from 1.4935 low, although, capped at 1.5015 high on Asian session, the Sterling has turned down again, reaching levels below yesterday's low at 1.4935 at European opening times.
- (AFX UK Focus) 2010-03-10 07:07 UK at a Glance-UK Stocks -- Factors to watch on March 10 Wednesday, March 10, 2010 @ 2:11AMLONDON, March 10 (Reuters) - Britain's FTSE 100 index is seen edging lower on Wednesday, extending the previous session's slight losses after lacklustre trading overnight on Wall Street and in Asia, and as investors await UK industrial production numbers.
- Risk of double-dip recession remains, but it’s receding Tuesday, March 9, 2010 @ 10:31PMFor those economists amongst you, here is the update to the Eichengreen/O'Rourke analysis from last year comparing recent events with the Great Depression era. Things are looking up it seems but don't withdraw the stimulus too early is the message.