December 16, 2009

Today in Forex Trading: USD, CAD, EUR in Action

Forex Trading Insights

The world of forex trading is a bustling industry so it would be better to stay updated with the latest developments in the currency market. The following links provide important turnouts in forex trading.

WORLD FOREX: Dollar Gets Boost From Upbeat Fed View On Economy …

FOREX-Dollar higher vs yen after Fed statementReutersForex: Fed Leaves Rates UnchangedForexTV.comDollar firms against euro after Fed statementCNNMoney.comWall Street Journal -Wall Street Journal -Wall Street Journalall 2501 news articles » … RTT NewsWORLD FOREX: Dollar Pushes Higher Vs Yen, Breaks Above Y96Wall Street JournalTORONTO (Dow Jones)–The dollar has shifted higher against the yen in mid-morning trading Wednesday as stocks advance …FOREX VIEW: Sentiment …

Forex Trading: Canadian Dollar Rallies Fueled by Oil Performance

The Canadian dollar managed to climb versus most of the 16 main traded currencies as its main export, the crude oil, advanced today after posting its sharpest fall this year in the beginning of this week’s session.

Crude Oil Report: Crude prices rebound | Ebeling Heffernan Live …

With 4 hours MACD staying above the Signal Line, some more sideway trading may come in Crude Oil, but the consolidation should be relatively brief. A close below 68.59 will target 65.05 support next, and a close above 71.20 will bring stronger rebound to 4 hours 55 EMA (now at 72.30) and possibly above. The upside will likely be limited well below the79.04 resistance and bring a … Archer Asia Expands Into Asian-Based Industrialization. Recent News; Popular News …

Forex Trading: Euro Gains Ground On Firmer Survey Data | Daily Markets

The euro has risen to $1.4575 after reaching a two month low yesterday at $1.4504 against the dollar. Demand from banks at the 12-month cash tender, the final at this duration, was expected to be sharply reduced to around €75 billion. However, demand was greater and the ECB says that banks bid for €96.9 billion and the cost will be indexed to the average minimum bid at its main refinancing operations. This means that should the ECB choose to raise interest rates during the life of the loans, banks will bear the higher cost of borrowing.

Euro Plunges in Forex Trading on Austrian Banking Worries | GFT Forex

The euro is dropping in forex trading this morning as the news comes in that things are looking uncertain for Austrian banking. A credit crisis appears to be brewing in the euro zone, and forex traders are anxious to avoid it. …

Filed under Global Economics: Forex News and Fundamentals by Natasha Silverman

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