Forex Bull

PARIS—-Regulatory News: Sodexo :

by Johan Kriek (jkriek@fxinstructor.com) Notes: – BoE and ECB slashed interest rates with 150bps and 50bps respectively yesterday – US NFP today will be very significant. Employment rate is expected to increase to 6.3% Probability Studies: The ECB cut rates with 50bps and price started to trend lower very slowly after the initial reaction.

Fri, 07th of November, 2008 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook The EURUSD continued it’s bearish momentum yesterday.

OK, so I am trying to be optimistic tonight. I don’t know why, but I have a feeling we could be setting up for a reversal tomorrow

The International Monetary Fund said Thursday it has approved a 17-month standby loan of $15.7 billion for Hungary, one of the countries in Eastern Europe hardest hit by the global financial crisis.

Gold prices and most other commodities tumbled Thursday, reflecting steep losses on Wall Street and a strengthening dollar.

US stocks markets again ended-up deep in red as weak economic numbers continue to pile up ahead of Friday’s all important employment situation report for October where the Non-Farm payroll figure is forecasted at -200,000. What makes the drop all the more disconcerting is that it comes following another round of rate cuts that saw the BoE taking an unexpectedly aggressive 150bps move which takes the Bank Rate down to 3.0%. Meanwhile in currency action weak fundamentals eventually reasserted themselves after the close of whippy Europe with the Yen broadly firmer on risk aversion and the dollar trailing a close second.

Former Federal Reserve Chairman Alan Greenspan has spent a lot of time on the road since handing the reigns of the Fed over to Ben Bernanke back in February of 2006.

First off, the video from last night seems to be working fine now – it may take a little while to load but as long as you have Flash player, it should be fine. Let me know if you have any problems though. Another pretty bad day today on Wall Street, as yesterday’s selling continued and was heavy throughout the day.

SALT LAKE CITY—-Interbank FX , a worldwide provider of online off-exchange retail foreign currency trading, today announced it was named Best Online Broker at the 2008 Middle East Money Summit Awards.