Forex Yellow Pages

NEW YORK (AP) — The dollar tumbled against the other major currencies Wednesday, touching a fresh low against the pound for the year and a 4-month low against the euro as signs of a resolution to the financial crisis drove investors to riskier investments. Equities in Europe and the U.S. rose, as did oil prices, as cheered investors moved their cash into commodities and stocks.

Since last summer, the dollar has tended to trade inversely to stocks, as fearful investors deserted their positions in emerging markets and commodities and jumped to the buck’s “safety” lure. When stocks and oil prices trend higher, that pattern tends to reverse.

The euro jumped to $1.3782 in morning trading in New York from $1.3650 late Tuesday, peaking earlier at $1.3794, its highest price since Jan. 8.        Read more…

The stock market has run out of reasons to rally, at least for now.

After a two-month surge that saw the Dow Jones industrials average soar 31 percent and the Standard & Poor’s 500 index shoot up 37 percent, investors gave up some of those gains last week. As the new week begins, there doesn’t seem to be any catalysts that could restart the rally.

The market barreled higher as investors realized that worst-case scenarios in the banking industry weren’t going to happen. Indications that the recession was slowing also gave investors reason to buy at a pace not seen in decades. Read more…

Being a forex trader is an exhilarating profession where you bounded your daily 24-hour a day life with forex news alert from around the globe five and a half days a week. The forex/currency trading market starts from the East where Tokyo will start trading around 9am Monday their time which is Sunday 7pm in New York and it ends about 4 pm (EST) Friday in New York.

I was once a forex trader expert in the four major currencies operational in a small boutique currency trading company in San Francisco. I still remember the working hours was almost 16 hours per days where you only got few hours of sleep each day. We specialized in private investors’ funds and managing those funds were high in pressure and stress; the reasons are that the private investors will call you anytime to check their forex trading positions and forex account balances. The payout was high but the working hour was dreadful. Read more…

Market sentiment has stabilized over the past week as traders wait for fundamentals to either catch up to optimism or draw the budding recovery to a grinding halt. Ongoing earnings releases, first quarter growth reports from the world’s largest economies and a series of meetings attended by global policy makers can decide the fate of growth and optimism for months to come.

• Dollar, Yen And Risk Appetite Await G20 Meeting And US GDP
• Do Better Than Expected Earnings Signal A Turn For The Economy?
• Where Will Optimism Develop Without Confirmation Of A Recovery?

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- Euro Breaks Below 1.3000 – German ZEW Survey Could Impact Trade on Tuesday
- British Pound Tumbles Against Safe-Havens – UK CPI May Fall Back Into BOE’s Inflation Target Range
- Canadian Dollar Under Pressure Ahead of Bank of Canada Rate Decision – What to Expect

US Dollar, Japanese Yen Rally on Flight-to-Quality as Investors Fear Results of US Bank Stress Tests
The US dollar and Japanese yen surged on Monday as risk aversion shook the markets once again. Indeed, there is substantial uncertainty about the health of the financial markets as the US government performs stress-tests on the 19 biggest US financial institutions, and the results will not be announced until May 4. Until then, investors could remain jittery, especially when they see announcements like the one released by Bank of America today, as they said the net charge-off rate rose to 2.85 percent from 1.25 percent a year earlier, while credit-card losses increased to 8.62 percent from 5.19 percent. With the US recession lingering on and job losses accelerating, banks may find that they are persistently weighed down by consumers’ inability to pay. Read more…

Those trading in the foreign-exchange market (forex) rely on the same two basic forms of analysis that are used in the stock market: fundamental analysis and technical analysis. The uses of technical analysis in forex are much the same: price is assumed to reflect all news, and the charts are the objects of analysis. But unlike companies, countries have no balance sheets, so how can fundamental analysis be conducted on a currency? Read more…

Want to become a billionaire? Up your chances by dropping out of college, working at Goldman Sachs or joining Skull & Bones.

Are billionaires born or made? What are the common attributes among the uber-wealthy? Are there any true secrets of the self-made?
We get these questions a lot, and decided it was time to go beyond the broad answers of smarts, ambition and luck by sorting through our database of wealthy individuals in search of bona fide trends. We analyzed everything from the billionaires’ parents’ professions to where they went to school, their track records in the early stages of their careers and other experiences that may have put them on the path to extreme wealth.

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