Forex Trading News – 6/23/09
FXstreet.com (Córdoba) – Dollar is plunging across the board. EUR/USD is now below 1.4100 at 1.4080/85 but is 1.65% above today opening price.
FXstreet.com (Barcelona) – USD/JPY has broken the 95.00 level in a Yen recovery path against the Greenback. After rejecting from 95.90 resistance in the European session, USD/JPY has fallen around 100 pips to post 94.88 as new 3-week low.
US Dollar strength looks to be gaining momentum of major forex currencies as the greenback again becomes attractive as a safety play amid reversing stock and commodity markets.
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* Euro rises above $1.40 as equities stabilize
FRANKFURT -(Dow Jones)- The Eurosystem’s reserves of gold and gold receivables decreased EUR20 million to EUR240.725 billion in the week ended June 19, the European Central Bank said Tuesday.
FXstreet.com (Barcelona) – Australian Dollar continues weakening, and decline from 0.8120 high on Friday have extended to levels about 320 pips lower, to 0.7790, 1-month low. At the moment, the Aussie trades at 0.7810, 0.71% below its opening level.
Most Forex Brokers will support some level of leverage capacity, marketing the concept as a shortcut to big profits for traders with limited initial capital. Leverage can be an effective profit multiplier for Investtechfx traders; however some traders are using it without understanding the risk that goes with it. www.investtechfx.com
US Dollar strength looks to be gaining momentum of major forex currencies as the greenback again becomes attractive as a safety play amid reversing stock and commodity markets. Our short Euro, the British Pound and the Australian Dollar exposure yielded 250 pips from last week and we are eyeing opportunities to sell the Canadian and New Zealand dollars against the greenback.
Japanese and German sentiment indicators boost optimism, but did they really bolster their respective currency?
Ex-CEO, SEC Settle $25M Forex Ponzi Scheme Suit Securities Law 360 (subscription), NY Law360, New York (June 22, 2009) — James Ossie, the former president and CEO of CRE Capital Corp., has agreed to give back the money he allegedly bilked from investors through a $25 million Ponzi scheme, settling securities fraud accusations leveled …
New Zealand Dollar Technical Outlook Forexrazor, FL High-Risk Warning Forex , Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex , futures, …
Leverage Options Expanding Rapidly in World of Forex PR Web (press release), WA Most Forex Brokers will support some level of leverage capacity, marketing the concept as a shortcut to big profits for traders with limited initial capital. Leverage can be an effective profit multiplier for Investtechfx traders; however some traders …
Forexyard FEAR RETURNS TO WORLD FOREX , COMMODITY, STOCK MARKETS & TRADER … Seeking Alpha, NY On Monday, before the US markets opened in the US we warned that while stocks had recently remained range bound, there were worrisome signs of more downside. We saw the following daily S&P chart. The “Doji Star” (cross-shape) candlestick of June 19 is … Forex and Financial Market Update 22 June 2009 Forexrazor Forex Events this Week – Volatility Ahead? Forexyard USD higher supported by a…
Forex Hound Forex – US Session: Risk Aversion Trade Back In Play As Investors … Forex Hound, NY Although every investment involves some degree of risk, the risk of loss in trading off-exchange forex contracts can be substantial. Therefore if you are considering trading in this market, you should be aware of the risks associated with this product … FEAR OF HIGHER INTEREST RATES TRIGGERS ADJUSTMENTS IN THE MARKETS ForexTV.com all 6 news articles
Canadian Forex Midday: C$ Recovers As Crude Oil Rises Wall Street Journal WINNIPEG (Dow Jones)–The Canadian dollar was trading at a firmer level versus the US dollar at midday Tuesday, having come off its earlier weakness. At 12:54 pm EDT, the Canadian dollar was trading at 86.94 US cents, or C$1.1502 per US$1, …
3 News NZ FOREX -Yen gains on economic concerns, eyes on dollar debt Reuters By Jessica Mortimer LONDON, June 23 (Reuters) – The yen rose broadly on Tuesday, hitting a one-month high against the euro and a three-week high against the dollar, benefiting from creeping doubts about the sustainability of any economic recovery. … Video: In Depth Look On Asian Currency – Bloomberg Bloomberg WORLD FOREX : Dollar Dominates As Commodity Currencies Sell Off Wall Street Journal FOREX -Dollar drops as recovery…
FOREX -Dollar, yen climb as risk appetite retreats Reuters If there are fiscal problems in Germany, all the other states in the euro zone just crumble by the wayside,” said Boris Schlossberg, director of currency research at GFT Forex in New York. “That’s why the market is reacting so negatively. …
WORLD FOREX : Dollar Slips Despite Higher Risk Aversion Wall Street Journal By Nicholas Hastings Of DOW JONES NEWSWIRES LONDON (Dow Jones)–Risk aversion continues to edge higher but the dollar is mostly lower in Europe Tuesday. The US currency is lower against the yen, given the Japanese currency’s greater safe haven status, …
Reuters WORLD FOREX : Dollar Extends Losses Against Euro, Yen, Franc Wall Street Journal By Paul Evans Of DOW JONES NEWSWIRES TORONTO (Dow Jones)–The dollar has extended its losses midday Tuesday, falling to multi-week lows against the euro, yen and Swiss franc amid a more risk-friendly global environment and widespread position-adjusting … Video: Currency Outlook – Dollar Declines Against the Euro – Bloomberg Bloomberg Dollar drops on reduced safe-haven flows guardian.co.uk WORLD FOREX : Euro Gains…
