Euro, British Pound and Swiss Franc All Dive Nearly 2% on Coordinated ECB, BOE, and SNB Rate Cuts European currencies including the euro, British pound, and Swiss franc were hit hard on Thursday as three of the biggest central banks in the continent ...

forum topic - azka - 2008-12-04 03:30 - 0 comments

“What we’re starting to see is glimmers of hope across the economy,” the president told reporters at the White House after getting an update on the economy from Federal Reserve Chairman Ben S. Bernanke, Treasury Secretary Timothy Geithner, and Shei ...

forum topic - azka - 2009-04-11 23:07 - 0 comments

EURO Report Scenario Analysis Last week we indicated that EURUSD would most likely trade in a 1.1800-1.2850 range (1.2550-1.2850 actual). We have been expecting a sizeable drop of EURUSD below 1.23 but it has not occurred. Economic data out of Euro ...

forum topic - azka - 2008-12-08 00:13 - 0 comments

This week, it’s New Zealand turn to slash interest rates, Canada will show a decline in GDP, and the German Ifo Business Climate will dominate European news. The upcoming week in forex trading features a return of data from the US. The two maj ...

forum topic - azka - 2009-01-25 19:28 - 0 comments

The EUR/USD is trading heavily since yesterdays FOMC Mobile News Alert announcements and hasn’t stopped to breath. The pair broke important 1.35 very easily and also 1.36. Now it is trading above 1.37 and it looks like 1.38 Mobile Price Alert is the ne ...

forum topic - azka - 2009-03-20 02:08 - 0 comments

A stock buyback is not the golden ticket to easy stock market profits but it does indicate a favorable attitude towards shareholders by company management and an ability to generate profits that can be used to buy back stock. A diversified portfolio of s ...

forum topic - azka - 2009-01-23 11:00 - 0 comments

Dollar, yen hold near week's highs vs euro, Aussie, kiwi * Dollar briefly hits 2-month low vs yen By Kaori Kaneko TOKYO, May 14 (Reuters) - The yen and dollar held near some of their strongest levels this week on Thursday after bleak U.S. retail s ...

forum topic - azka - 2009-05-14 17:44 - 0 comments

EUR/USD is trading heavily since the beginning of the week, and the break of psychological 1.30 was done and dusted in a matter of minutes! As long as the pair trades below the later level, it may be open for further loses towards 1.2750. The next level ...

forum topic - azka - 2009-01-21 23:36 - 0 comments

The EUR/USD broke important resistance levels of 1.3060 yesterday, climbing even higher towards 1.32. This morning's better than expected IFO news saw the euro continue to rally against the buck towards 1.3350, however, the move was not strong enough to ...

forum topic - azka - 2009-01-28 13:21 - 0 comments

The euro hit a one-month low against the dollar and a three-week trough versus the yen on Monday due to uncertainty over policy steps the European Central Bank may take. * ECB President Trichet signals small rate cut * Trichet gives n ...

forum topic - azka - 2009-04-21 06:03 - 0 comments

While lower prices in the S&P 500 will certainly inflict more pain to the ‘long only’ equity crowd, it will continue to offer good insights on how to play the FX market as most major pairs are very correlated with the S&P 500 presently. ...

forum topic - azka - 2008-12-04 03:31 - 0 comments

Independent Market Analyst With interest rate decisions now behind us, traders are focusing their attention in today’s data which may determine the market outlook for now. After yesterdays 50 pbs cut from ECB and a hefty 150pbs from BOE and also Tr ...

forum topic - azka - 2008-12-04 03:29 - 0 comments

Today the calendar is almost empty from important economic reports out of US and the only news we had was the inflation report of BOE and speech by King. The report showed that UK economy will continue to shrink next year as well and the level of damage ...

forum topic - azka - 2008-12-04 03:30 - 0 comments

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page - azka - 2009-04-27 15:24 - 0 comments

Today the economic calendar is almost empty, with only important events being PPI out of UK in the morning and later a testimony by Trichet in front of the European Parliament regarding the economic crisis and the monetary policy. Traders will monitor Tr ...

forum topic - azka - 2008-12-08 23:06 - 0 comments