Archive for the ‘Forex News’ Category
Tuesday, June 24th, 2008
Oil futures were trading higher early Tuesday at the New York Mercantile Exchange, assisted by U.S. dollar weakness and concerns that a Nigerian labor dispute could hinder global crude supplies.
However, West Texas crude for August delivery recently retraced the bulk of its gains and was ahead by 17 cents at ...
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Tuesday, June 24th, 2008
US consumer confidence, as measured by the Conference Board, fell to a fresh 16-year low of 50.4 in June from 58.1. The news was much worse than expected, as the index was forecasted to slump to 56.0. A breakdown of the report shows sentiment on the present situation, future, and ...
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Thursday, June 12th, 2008
Rising oil prices mixed with fading growth prospects pressed on the US dollar, and led the currency to weaken against all of its major counterparts. In the fray, the commodity currencies picked up minor gains against the greenback though oil prices rose above $136/bbl. The low ...
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Tuesday, June 10th, 2008
Forex options are a great way to invest in the forex. This introduction will give you the basic information you need to start understanding forex options and how they can be a great tool for risk control and speculation.
About trading forex options
Forex options are available from certain forex ...
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Thursday, June 5th, 2008
As anti-dollar sentiment reached its peak mid-March, the Swiss Franc overcame parity with the US dollar to reach a historic low at 0.9644. The franc derived additional strength from its status as a safe-haven currency, gaining additional momentum as the dollar sell-off intermingled with intense bouts of ...
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Thursday, June 5th, 2008
by KBC Market Research Desk
KBC Bank
On Thursday, EUR/USD extended its correction lower. This was mostly technically driven. The intra-day (inverse) correction between de dollar and oil prices was far less obvious than on Wednesday, even if it is often mentioned as the explanation for the move. ...
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Sunday, May 25th, 2008
British Pound (BPM8):
The BP opened higher at 1.9805 against a weaker Dollar, higher oil prices and inflation concerns that should keep rates 'unchanged' at the June 4-5 MPC meeting. A less than expected decline in Retail Sales helped prices bounce to 1.9820, before a DX bounce on ...
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Friday, May 16th, 2008
Dollar Index (DXM8):
The DX opened higher at 73.58 and rose to a morning Hi of 73.66 ahead of the CPI report. A lower than expected drop in the 'core' rate to +0.1% m/m, and +2.3% y/y suggested that inflation may be easing and rate increases may not have to be ...
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Monday, May 12th, 2008
Written by Terri Belkas and David Song, DailyFX.com
The US dollar swayed as investors continued to feed their risk appetite, leading the higher-yielding commodity currencies higher. As a result, the low yielding Yen took the biggest loss against the greenback, with the Swiss franc following behind as ...
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Thursday, May 8th, 2008
Less than an hour after the European Central Bank announced the benchmark rate would be held at 4.00 percent, President Jean Claude Trichet delivered his usual commentary to an attentive public. Over the past few weeks, speculation that the policy authority would take a more dovish approach ...
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