Forex Bull

China will launch a pilot project allowing its currency to be used in some international trade transactions, the government announced, a move aimed at shoring up the country’s battered exporters.

The Bank of Japan is looking past interest rates at aggressive new measures to boost companies? access to credit according to the minutes from November?s policy meeting

If ever there was a case for Japanese intervention in forex markets, it is now. The Yen has emerged as the unquestionable victor from the credit crisis, having appreciated against every major currency and notching a 13-year high against the Dollar.

The dollar fell against most major currencies in light holiday trading Wednesday after government data showed rising U.S. joblessness and declining consumer spending.

Oil dropped 9 percent on Wednesday as another round of gloomy economic data showed the United States has fallen deeper into recession.

As expected, we had another low-volume, boring session today with the market up a small amount on very thin trade. Friday will likely be another slow session given tomorrow the market is off for Christmas. Technically, the numbers to watch are still 850 to the downside and 920 to the upside on the S&P

Our outlook for the Euro against the US Dollar effectively remains unchanged. “After massive rallies that swiftly took it to multi-month highs, the Euro/US Dollar is likely to continue its correction before any further ascent.

The U.S. dollar fell against its major trading partners Wednesday as investors digested a barrage of economic data ahead of the holiday.

Wishing you a Merry Christmas GFT Forex would like to wish you a very Merry Christmas ! See Also Learn Forex Trading Forex trading news and tools

U.S. economic fundamentals weigh on greenback Even though there is hope that the U.S. dollar will gain against the euro in forex trading , there are some doubts when one looks at the economic fundamentals — at least short-term.