Jun 8, 2011

Forex Crunch MOF on heightened alert as USD/JPY breaks 80

Forex Crunch MOF on heightened alert as USD/JPY breaks 80


MOF on heightened alert as USD/JPY breaks 80

Posted: 08 Jun 2011 06:34 AM PDT

With USD/JPY back below the critical 80 level once again, it is no surprise that Japanese finance officials are expressing increased concern, especially at a time when the economy is attempting to recover from the aftermath of the tragic March earthquake and tsunami. USD/JPY has been creeping lower progressively since the end of May. In

Don’t Rule Out Another Rate Delay in the Euro-Zone

Posted: 08 Jun 2011 06:00 AM PDT

A signal that the ECB will raise the rates in July is widely expected from Jean-Claude Trichet in the press conference that follows the upcoming rate decision. But is everything so rosy? Here are 5 factors that could yield a surprising delay in rate hikes. ECB Preview and how this could impact euro dollar. In

Rift Over Greece Between the ECB and Germany Widens

Posted: 08 Jun 2011 03:49 AM PDT

The European leaders are still far from agreeing on a solution to the situation in Greece. In a very clear letter to the ECB, the German finance minister insisted that the private sector must participate in sharing the Greek burden. Such a restructuring is rejected by the ECB and is widely  considered as a default.

EUR/USD June 8 – Losing Support on Global Worries

Posted: 08 Jun 2011 12:19 AM PDT

Euro dollar was unable to break higher, and is now losing support as global worries from China and the US mount. Slightly weak European data is also weighing on the euro. Is this the calm before the storm? Here's a quick update on technicals, fundamentals and what's going on in the markets. EUR/USD Technicals Asian

Euro Higher Than Gbp and Aud, But Lower Against the Chf (video analysis)

Posted: 07 Jun 2011 02:48 PM PDT

Markets are very calm today during the US trading session, with majors trapped in a very tight range. As such, it's a perfect time to look at some cross pairs, especially with Euro, which is in a quite bullish mode for the past few days and weeks. We will take a look on the Eur/Aud

Forex Daily Outlook – June 8 2011

Posted: 07 Jun 2011 02:00 PM PDT

Beige Book in the US and GDP in Europe are the main events today.  Here is an outlook on the market-movers awaiting us in the US, Beige Book survey gathered by the 12 Federal Reserve Districts on the recent US economic state, to show the overall US economic growth. More In the US, MBA Mortgage

AUD/USD June 08– Aussie Lower Against US Dollar on RBA Interest Rate Decision

Posted: 07 Jun 2011 01:00 PM PDT

The Aussie traded slightly lower against the US Dollar Tuesday after the RBA decided to leave the benchmark interest rate unchanged at 4.75% The Aussie was trading at 1.0708, down 0.04% at the time of this writing. Will the Aussie hold its position against the Greenback for the long term? Here's a quick update on

Currensee Trade Leaders Profitability Rate Significantly High

Posted: 07 Jun 2011 05:44 AM PDT

I have had the chance to chat with the Dave Lemont, CEO of Currensee, about recent developments and achievements, future plans and how their investment offering differs from the rest of the market. Currensee is the first forex social network, and in recent months it has been focusing on its Trade Leaders Investment Program. The

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