Forex News

It’s long been said that if you want to know how the economy is doing, you need to see how the transportation sector is doing. Based on the following excerpt from a Wall Street Transcript interview with one analyst who has long followrd the group, conditions in the industry that moves goods from point A to B is anything but robust. TWST: Let’s begin with some general comments on the transportation sector. How is the space doing right now? Mr. Larkin: Essentially, we are in the fifth... 

NY Times — “Although almost 90 percent of households in the United States now have a cellphone, the growth in voice minutes used by consumers has stagnated. This is true even though more households each year are disconnecting their landlines in favor of cellphones. Instead of talking on their cellphones, people are making use of all the extras that iPhones, BlackBerrys and other smartphones were also designed to do — browse the Web, listen to music, watch television, play games and send... 

The European Union, the European Central Bank, and the International Monetary Fund (and the Fed as well, although they don’t want to truly highlight it) provide $960 billion in backstops for the Euro-zone and what happens? The Euro ends the week lower by 3%!! Ladies and gentlemen, that is nothing more than a major “F&%@ Y*&“ on behalf of global investors to the aforementioned central banks and government entities. Think there is tension in Euroland? As The UK-based Telegraph... 

(Barcelona) – Pound’s mild pick up from 1.4815 seen on Asian session has been capped at 1.4920 on early European session, and the pair as plunged 180 pips lower after downbeat UK trade figures to hit session low at 1.4745 so far. On a wider perspective, Mohammed Isah, technical analyst at FXTechstrategy observes today’s pullback as an extension of yesterday’s rejection from 1.5044: ” With a failure at 1.5044 turning the pair sharply lower on Wednesday and following through... 

Forex trading has responded positively in light of the coalition government’s economic plan to tackle the UK’s deficit, it has been reported. Reuters said sterling rose against the dollar and held steady against the euro this morning (May 13th) during forex trading. Speaking to the international news agency, currency strategist at the Bank of New York Mellon Neil Mellor stated: “You have to remember that sterling has fallen quite a lot based on political uncertainty so by definition... 

 Forex: USD/JPY, capped at 93.60, drops to 92.75 support Thu, May 13 2010, 10:34 GMT http://www.fxstreet.com Related News Forex: EUR/USD, bouncesw from 1.2560 low, attempting to regain 1.2600 Forex: GBP/USD rejection from 1.4915 extends to 1.4745 low Stock futures point to losses on Wall Street // // USD/JPY USD/JPY (May 13 at 11:34 GMT) 92.82/84 (-0.44%) H 93.64 L 92.59 S3 S2 S1 R1 R2 R3 92.0823 92.3136 92.5450 92.7850 93.0170 93.2489 [?]Trend Index [?]OB/OS Index Slightly... 

Posted on 05/13/10 at 6:40am by Cliff Wachtel NB: THE FOLLOWING IS AN ABRIDGED VERSION FOR A FAST OVERVIEW OF ALL MAJOR GLOBAL STOCK, FOREX, AND COMMODITY MARKETS — FULL ANALYSIS AND CHART ILLUSTRATIONS OF RECOMMENDED TRADES GO TO http://fxmarketanalysis.wordpress.com/ AND SELECT “DAILY OUTLOOK{date}: Analysis, Events, Trends, FOR TODAY Stocks: Prior day: Asia, Europe, US up. Today: Asia, Europe up on a continued reaction bounce as Asian and European markets rose despite significant lingering... 

The US dollar jumped together with its Japanese counterpart when deals were made in Asia. While the eurozone crisis is still going on, Asian markets were very careful on Wednesday. Despite of these problems, there are still a few who notably traded higher which tells us that not all stocks are affected. For 5 consecutive days the dollar is at 1.2607 compared to the euro with 1.1142 and Swiss franc as of 12:50 am ET. The greenback that closed deals yesterday at 1.2663 against single currency and... 

Forex: USD/JPY back below 93.00 FXstreet.com (Córdoba) – The Dollar lost strength against the Yen and fell below 93.00 to 92.80. USD/JPY is still gaining on Wednesday but has moved away from the highs that lie at 93.25. The pair continues to move inside a range between 93.55 and 92.20 since the begging of the week. “For the downside, the USD/JPY has multiple uptrend lines serving as technical cushions along with intraday and 5/7 lows. Furthermore, the psychological 92 areas could continue... 

TOKYO (Dow Jones)–The euro fell against the dollar and yen in Asia Wednesday as falls in Chinese shares prodded U.S. and European hedge funds and Japanese interbank players to sell the risk-sensitive unit amid continued uncertainty over euro-zone debt problems. The single currency may continue on its downward path in the days ahead, dealers said. “Concerns are lingering over euro-zone debt problems in the currency market,” said Minoru Shioiri, …