Forex Trading News - 6/18/09
US Dollar positioning is turning increasingly bullish against the spectrum of major forex currencies.
U.K. retail sales showed a correction in May, with sales down 0.6% m/m, against a median forecast for a 0.4% m/m increase. Sales rose 0.9% m/m in April, underpinned by Easter sales but reversed part of that increase last month.
US Dollar positioning is turning increasingly bullish against the spectrum of major forex currencies. We have already initiated exposure against the Euro, the British Pound and the Australian Dollar, with trades selling the Canadian and New Zealand dollars against the greenback pending just around the corner.
The British pound tumbled lower against its currency counterparts this, with the GBP/CHF pulling back from the yearly high ahead of the Swiss National Bank interest rate decision, and the pair may continue to retrace the advance from the beginning of the month as investors weigh the outlook for future policy.
The Reserve Bank of Australia sold a 5-year record of Australian Dollars in the forex market last month; they sold A$1.433 billion. Accompanying the official release were comments by the bank saying that the influence that the cash rate has had on bank financing has weakened.
SINGAPORE: Malaysian mobile phone operator Axiata Group Bhd is expected to post foreign exchange gains in April and May, after its first quarter results were hit by forex losses, its chief executive said yesterday.
SINGAPORE: Malaysian mobile phone operator Axiata is expected to post foreign exchange gains in April and May, after its first quarter results were hit by forex losses, its chief executive said yesterday.
This week’s steady trends began to falter into the US Session. What broke this momentum; and are these trends done for good?
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Latency becomes critical for Forex brokers: new survey Forex Factory With latency becoming a key issue now that Forex brokers move to STP execution rather than Market Making it is interesting to see the results of the latest streambase survey. latency: (computer science) the time it takes for a specific block of data on …
Daily Forex Technical Analysis - June 18, 2009 Forexrazor, FL GBPUSD stays in the trading range between 1.6209 and 1.6618. A break above 1.6618 will indicate that the uptrend from 1.3654 (Mar 11 low) has resumed, then further rally could be seen to 1.7000 zone. However, below 1.6209 support will take price to … Daily Forex Analysis - June 17, 2009 International Business Times all 4 news articles
FOREX -Dollar drops as tame inflation dents rate hike view Reuters “We’re seeing dollar weakness because the idea is that inflation is not pretty evident right now and that is seen as a positive in terms of the growth outlook and risk appetite,” said Brian Dolan, chief currency strategist at Forex .com in Bedminster, …
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BBC News WORLD FOREX : Dollar Up On Lower Stocks,Vocal Support Wall Street Journal (Adds details on European Central Bank stability report.) By Riva Froymovich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–The dollar gained to its highest level in nearly a month against the euro, and was launched to multi-session highs versus other … WORLD FOREX : Euro Slips Below $1.3800,Sell-Off Extends Wall Street Journal WORLD FOREX : Profit-taking Pushes Dollar Higher Wall Street Journal all 221 news articles
Pakistan’s forex reserves rise to $11.64 bln Forbes, NY KARACHI June 18 (Reuters) - Pakistan’s foreign exchange reserves rose by $130 million to $11.64 billion in the week that ended on June 13, a central bank spokesman said on Thursday. The State Bank of Pakistan’s reserves edged up to $8.30 billion from …
BBC News WORLD FOREX : Dollar Declines; BRIC Nations Want Diversity Wall Street Journal By Dan Molinski OF DOW JONES NEWSWIRES NEW YORK (Dow Jones)–The dollar declined Tuesday as major emerging market nations urged more diversity in the global currency system, another sign that big investors are growing restless with the greenback’s … FOREX -Dollar gains broadly; EZ econ concerns dent euro Reuters FOREX -Dollar rises, lifted by Russian comments Reuters India Forex trends: dollar pairs its early…
stv.tv WORLD FOREX : Dollar Mixed, Pound, Franc Slip Sharply Wall Street Journal By Paul Evans OF DOW JONES NEWSWIRES TORONTO (Dow Jones)–An overall indecisive market tone continues to hold the dollar to narrow movements against the euro and the yen mid-morning Thursday, but movements in the major currencies have been overshadowed … FOREX -Swiss franc drops as traders say BIS bought euros Reuters Daily Forex Analysis Forex Hound WORLD FOREX : Dlr Mostly Higher As Franc Rallies, Pound Falls Wall…
Brazil Central Bank To Sell $1.75B In Forex Swaps Thursday Wall Street Journal SAO PAULO (Dow Jones)–The Brazilian Central Bank said it would offer $1.75 billion worth of foreign-exchange swap contracts at an auction scheduled for Thursday. The bank will offer 35110 contracts at the auction scheduled to take place between 1530 …
AFP WORLD FOREX : Euro Rises On Econ Optimism, Higher Oil Prices Wall Street Journal By Takashi Mochizuki Of DOW JONES NEWSWIRES TOKYO (Dow Jones)–The euro continued to rise against the dollar and yen in Asia Thursday as the region’s investors became more optimistic toward the European economy after recent data, and more risk tolerant … FOREX -Dollar slides after benign US inflation data Reuters WORLD FOREX : Euro Extends Rebound Vs Dollar, But Yen Gains Wall Street Journal WORLD FOREX : Yen…
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