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The Federal Reserve released their monthly rate setting statement after their FOMC meeting for October 2009.
The key statement of the release was: Read more...Fed To Market: Dollar Carry Trade Continues originally appeared on
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m/"> Forex Trading on Wednesday, November 4th, 2009 at 16:16:56.Permalink | Comment | Email this
The dollar had a day of losses versus most of 16 main traders before the Fed will publish its monetary policies decisions tomorrow, as investors expect a rather dovish tone in policy makers’ statements.(...)Read the rest of Dollar Down Before Fed Decision (71 words)
Posted on Forex News.
The dollar touched the highest level in a month versus the euro after speculations suggesting that banks throughout the world are still facing severe difficulties tor reestablish their financial situation fueled a rally for safety this Tuesday in trading markets.(...)Read the rest of Dollar Up on Banking Sector Problems (180 words)
Posted on Forex News.
The CIT Group (not to be confused with CitiGroup) filed for a prepackaged bankruptcy protection before the markets opened this week. So far reaction has been restrained and direction-less, however it’s worthwhile to note that volatility is going up as evidenced by the rise in the VIX over the past week.
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/>Read more...CIT Files Bankruptcy Forex Markets Jittery originally appeared on Forex Trading on Monday, November 2nd, 2009 at 21:08:25.Permalink | Comment | Email this
The European currency surged against the Japanese yen and the other major Forex-traded currencies today as the traders reacted to the signs of the global economy recovery with buying high-yielding assets and currencies financed by relatively cheap loans in USD and JPY.
(...)Read the rest of Euro Grows Against Yen on Economical Optimism (178 words)
Posted on Forex News.
It's commonly known that most forex traders fail. In fact, it's estimated that 96 percent of forex traders lose money and end up quitting. To help you to be in that elusive 4 percent of winning traders, I have compiled a list of the most common reasons why forex traders lose money.Why Do Forex Traders Lose Money? originally appeared on
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""> Forex Trading on Monday, November 2nd, 2009 at 00:38:25.Permalink | Comment | Email this
The Canadian dollar, which posted consecutive days of losses during this week changed its negative trend after stocks recovered globally fueled by a report that showed a quarterly growth for the U.S. economy, which sparked risk appetite once again among traders.(...)Read the rest of Canadian Dollar Reverts Negative Trend on Stocks Rebound (158 words)
Posted on Forex News.
The Brazilian had one of the sharpest climbs versus the U.S. dollar today as both the domestic and international economic scenario set the risk appetite high increasing appeal for emergent market currencies, and setting the greenback down versus most of the 16 main traded currencies.(...)Read the rest of Brazilian Real Rebounds on Domestic and Global Optimism (65 words)
Posted on Forex News.
The pound has been recovering steadily this week and extended its gains this Thursday as mortgage approvals in the British Isles rose, adding investors’ confidence to inject capital in the U.K.’s financial sector, fueling attractiveness for the British currency.(...)Read the rest of Pound Extends Gains on Mortgage Approvals (68 words)
Posted on Forex News.
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