Posted By: Reuters Singapore’s central bank is likely to allow a modest currency depreciation in coming weeks to help the ailing economy, but has to tread carefully to avoid sparking a domino effect of falling currencies in Asia. Read More Topics: Economy (Global) | Singapore | Yen | U.S. Dollar | Currencies | Investment Strategy MEDIA: PHOTO Permalink
Given the slew of poor economic data that has emerged from Japan, Jim Vrondas, manager for corporate business at OzForex tells how this is affecting the yen crosses, with CNBC’s Rebecca Meehan & Maura Fogarty. Watch Video MEDIA: VIDEO Permalink
Posted By: Daryl Guppy The yen/dollar currency pair developed a significant change in trend in February, bouncing away from spike lows near 87. Is this a flash in the wok or part of a longer term sustainable trend
Read More Topics: U.S. Dollar | Yen | Currencies | Asia MEDIA: PHOTO Permalink
If a U.S. automaker does file for bankruptcy, the dollar is likely to strengthen against Asian and EM currencies, says Richard Yetsenga, regional FX strategist at HSBC. He explains why to CNBC’s Chloe Cho. Watch Video MEDIA: VIDEO Permalink
GBPUSD might be forming a short term cycle bottom at 1.4110 on 4-hour chart. Near term resistance is at the falling trend line and key resistance is located at 1.4360,
- Euro Weighed By Faltering Confidence, Retail Activity – Pound Finds Little Support From Data, Scottish Lender Bailout – Japanese Industrial Production Plunges But Managers? Outlook Improves
Tue, 31th of March, 2009 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook The EURUSD attempted to push lower yesterday, bottomed at 1.3113 but further bearish scenario was rejected as the pair closed higher at 1.3197 . On 4 chart we have a Hammer candlestick formation around 50% Fibo retracement area at 1.3100 suggesting a strong support and potential upside rebound. The bias is neutral in nearest term
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FXbootcamp London Outlook 03/31/2009 (Daily FX)
A pretty nasty day today on Wall Street, as news of a potential bankruptcy for the big three automakers caused a gap down at the open, and that gap just led the way to more selling. The markets were rather calm overall as the selling just slowly took place throughout the day and there were not many attempts at bounces. They did bounce a bit into the close, but still finished with major losses
on Your First Move For Tuesday January 27th
