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Archive for February, 2009

Mexico central bank confirms forex intervention
Reuters
MEXICO CITY, Feb 27 (Reuters) – Mexico's central bank confirmed on Friday that it had sold dollars directly into the foreign exchange market to prop up the battered peso currency MEX01. The bank said in a joint statement with the finance ministry that

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Forex Volatility to Remain High Next Week on ECB, BOE, RBA, BOC
Daily FX, NY
The combination of four major rate decisions along with the release of US non-farm payrolls (NFPs) leaves the forex markets likely to remain highly volatile. The Reserve Bank of Australia is anticipated to cut rates in their sixth consecutive meeting

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FOREX-Dollar rises on safe-haven bid after US GDP slumps
Reuters
By Vivianne Rodrigues NEW YORK, Feb 27 (Reuters) – The dollar climbed broadly on Friday as a sharp contraction in the US economy, the weakest US stock markets in 12 years, and a new rescue attempt for Citigroup fueled safe-haven buying of the greenback
FOREX-Dollar gets safe haven bid on back of US GDP data Reuters
FOREX-Dollar falls vs yen after US Q4 GDP report Reuters
FOREX-Dollar gains on safe-haven bid after grim GDP data Reuters
Reuters – Reuters
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Ecommerce Journal
Make profits in pre determined dates and prices when you trade
Ecommerce Journal, MA
In the forex market , there are two difference kinds of Forex trading which are forex spot trading and forex futures trading . The biggest difference between these two is that the forex spot trading is managed in over the counter or OTC.
LEARN TO TRADE FOREX World Currency Watch
Alpari (US) launches new research, information and trading services FXstreet.com The Foreign Exchange Market
all 3 news articles

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FOREX-Dollar gets safe haven bid on back of US GDP data
Reuters
By Nick Olivari NEW YORK, Feb 27 (Reuters) – The dollar climbed broadly on Friday as poor US economic data, the weakest US stock markets in 12 years and another rescue attempt for Citigroup led to safe-haven buying of the greenback.

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RTE.ie
US economy shrank at faster rate in fourth quarter
Reuters
I think there's a few more bad quarters to come," said Boris Schlossberg, director of currency research at GFT Forex in New York. Prospects for the first quarter are equally bleak with data so far pointing to an acceleration in the economic downturn,
US economy plummets International Herald Tribune
* Fannie Mae draws on Treasury after $25.2 bln Q4 loss (For more guardian.co.uk
TOPWRAP 6-Banks cede control to govts; U Life Style Extra
Reuters India
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FOREX-Dlr index hits 3-mth high as shares stumble
Reuters India, India
By Farah Master LONDON, Feb 27 (Reuters) – The dollar rose broadly on Friday, hitting a three-month high versus a basket of currencies, after weak equity markets and global banking concerns returned to haunt investors. Beleaguered US bank Citigroup
FOREX-Dlr index hits 3-mth high; yen fights back Reuters
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AFP
FOREX-Dollar falls vs yen after US Q4 GDP report
Reuters
NEW YORK, Feb 27 (Reuters) – The dollar extended losses against the yen on Friday after government data showed the US economy contracted 6.2 percent in the fourth quarter, more than the previous reading of a 3.8 percent contraction and worse than
Video: Asian Markets Tumble on Wall Street Woes AssociatedPress
FOREX-Dollar gains on safe-haven bid after grim GDP data Reuters
FOREX-Dollar trims losses vs yen after Feb Chicago PMI Reuters
Reuters – Reuters
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Forex – Markets uneasy as stress tests are set to start next week
Forex Hound, NY
As forex specialist, ACM provides only currency and precious metals trading via highly professional forex trading software. All customers are aware that this information or any part thereof has been prepared without taking account of your objectives,

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Daily Forex Snapshots US Session: US GDP Drops Substantially, Yen
ACM
of whether it is or is not a safe‐haven currency. The EurUsd fell over 100pips to the low range of 1.26, while the UsdJpy fell 70pips through 98. The GbpUsd retracted 100pips to finding support at 1.42 trading very consistently with the trend of
Daily Forex Snapshots US Session: Dollar Strength Returns Gaining ACM
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