http://about-forex.org All about Forex Market Fri, 19 Dec 2008 00:38:03 +0000 http://backend.userland.com/rss092 en The dollar firmed up versus other major currencies on Thursday, skyrocketing against the ailing sterling while paring some of its huge recent losses versus the euro and yen. Earlier in the week, the dollar was hammered in the wake of the Federal Reserve's historic rate cut in an attempt to ... http://about-forex.org/2008/12/dollar-rallies-versus-other-majors-ahead-of-expected-boj-rate-cut/ By Richard Cowan and Lisa Lambert WASHINGTON, Dec 18 (Reuters) - U.S. Democratic congressional leaders were negotiating details on Thursday of a huge plan to jolt the American economy, including $85 billion for road, water and other construction projects in a bill that could total at least $600 billion. Senior Democratic aides ... http://about-forex.org/2008/12/from-bridges-to-police-us-draws-up-stimulus-plan/ The Euro soared during overnight trading reaching above 1.4700 for the first time since September 25th, despite a drop in German investor sentiment. The single currency was trending higher when a positive U.K. consumption report sparked broad based risk appetite leading to a spike higher. Talking Points • Japanese Yen: BoJ Talks Intervention • Pound: ... http://about-forex.org/2008/12/euro-continues-to-soar-despite-record-low-german-business-sentiment/ BANGKOK, Dec 12 (Reuters) - Thailand's central bank expects interest rates to fall further in 2009 after a bigger than expected 100 basis point cut in its policy rate last week, its chief economist said on Friday. 'The economic outlooks of many countries are heading towards recession, therefore our interest rates ... http://about-forex.org/2008/12/thai-central-bank-sees-lower-rates-in-2009/ The Japanese Yen roared higher in overnight trading as the US Senate failed pass a vote that would have led to a decision on a bailout plan for America’s top three automakers. Risk appetite rapidly evaporated, sending stock index futures lower and pushing USDJPY to levels unseen in 13 years. ... http://about-forex.org/2008/12/japanese-yen-rises-to-highest-since-1995-against-us-dollar-more-volatility-ahead-euro-open/ US Dollar Declines May Continue as US Retail Sales are Expected to Fall for 5th Straight Month The US dollar was already falling across the majors this morning when the release of US economic data at 8:30 ET suggested that the Federal Reserve will indeed cut rates aggressively next week. First, ... http://about-forex.org/2008/12/us-dollar-declines-may-continue-as-us-retail-sales-are-expected-to-fall-for-5th-straight-month/ (RTTNews) - Financial stocks led Toronto’s main index higher on Friday afternoon as the market heads towards a sixth straight positive finish. The S&P/TSX Composite Index added 131.66 or 1.5% to 8,885.43. The Financial Index soared 4.9% in afternoon trading. Canadian Imperial Bank (CM.TO) surged 6.7% to lead the big ... http://about-forex.org/2008/11/financials-lead-bay-street-stocks-canadian-commentary/ Investors, open your wallets! Whether you're looking to fill your trunk with electronics, or your portfolio with stocks, there are plenty of bargains to be had on Black Friday. You needn't look far to find stocks trading at significant discounts to their 52-week highs. With a volatile stock market and a ... http://about-forex.org/2008/11/10-bargain-stocks-for-black-friday/ NEW YORK, Nov 28 (Reuters) - The dollar rose against the euro on thin trade on Friday, as weak equities markets and fears of a deepening global recession led investors to seek the U.S. currency as a haven. Worries about consumer spending helped weigh on U.S. and European shares, while ... http://about-forex.org/2008/11/forex-dollar-rises-vs-euro-supported-by-risk-aversion/ - Timothy Geithner, president of New York Federal Reserve Bank, expected to be nominated U.S. Treasury secretary - Citigroup shares skid for second day, speculation that bank might sell major businesses - Data shows Euro zone demand has plunged - Bank of Japan leaves benchmark interest rate at 0.3 pct - U.S. Federal Reserve expected to ... http://about-forex.org/2008/11/snapshot-financial-crisis/ NEW YORK (AP) -- Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses. CEO Vikram Pandit told managers earlier in the day he opposes breaking up the company, but the bank's board ... http://about-forex.org/2008/11/pressure-on-citigroup-builds-shares-fall-below-4/ The euro fell against the dollar Thursday, reversing gains from Wednesday, when data showed U.S. inflation keeps falling and the Federal Reserve suggested it will cut interest rates again. The 15-nation euro traded at $1.2529 in European morning trading, down from the $1.2602 late Wednesday in New York. The dollar's ... http://about-forex.org/2008/11/forex-euro-falls-against-dollar-to-12529/ NEW YORK, Nov 21 (Reuters) - The dollar and yen fell on Friday as global stocks rebounded and reports that banking giant Citigroup was mulling a merger with another firm helped quell market anxiety. The more relaxed mood prompted those who had lately sold risky assets in favor of the U.S. ... http://about-forex.org/2008/11/forex-dollar-yen-slip-as-stocks-risk-appetite-recover/ IZHEVSK, Russia, Nov 18 (Reuters) - Russian President Dmitry Medvedev said on Tuesday that the global financial crisis has spread to the real economy, and that the many sectors that need state aid will get it. "Today it is clear that the crisis is spreading, unfortunately, from the financial sector ... http://about-forex.org/2008/11/1-russias-medvedev-crisis-has-spread-to-real-economy/ Brazil's President Lula told his country in September, "People ask me about the [financial] crisis, and I answer, go ask Bush. It is his crisis, not mine." Fifty days later, British Treasury Secretary Stephen Timms told a conference of G-20 nations gathered in Sao Paulo, Brazil: "We are in extraordinary times, ... http://about-forex.org/2008/11/forex-why-chinas-stimulus-plan-will-change-the-world/ In 1990 I spent a heady summer living in a very rural part of Japan. It was an incredible time to be there, the dawning of the age of Japanese hegemony. Japanese land, which comprised less than 0.1% of the world, was being valued at an estimated $20 trillion dollars, ... http://about-forex.org/2008/11/failing-like-japan/ HONG KONG (Reuters) - Asian shares sank on Thursday to their lowest this month on uncertainty about whether the United States can succeed in its massive banking rescue and a revenue warning from Intel Corp. The Japanese yen retreated against the euro and the dollar after soaring on Wednesday on a ... http://about-forex.org/2008/11/forex-asian-shares-sink-on-global-economy-fears/ LONDON, Nov 12 (Reuters) - The euro pared gains against the dollar on Wednesday after data underlined economic weakness, while sterling tumbled after a grim Bank of England forecast fuelled expectations for more UK interest rate cuts. Sterling hit a six-year low against the dollar and a record trough against the ... http://about-forex.org/2008/11/forex-dollar-extends-losses-vs-yen-as-us-stocks-fall/ Throughout last week, grim economic data was met by seeming indifference by the US dollar. After five years of steady depreciation, the greenback has been well prepared for data to confirm what international investors have long expected. However, speculation doesn’t happen in a vacuum; and the deterioration of US fundamentals ... http://about-forex.org/2008/11/dollar-congestion-belies-high-volatility-bigger-fundamental-problems/ NEW YORK (Reuters) - The U.S. dollar fell against the euro on Monday as news of a large economic stimulus package from China made traders more willing to take on risk. Initial optimism quickly faded, however, as U.S. stocks surrendered early gains on concerns that China's plan may not be enough ... http://about-forex.org/2008/11/dollar-falls-vs-euro-after-china-stimulus-plan/