by News Editor
on 31. Jul, 2010
in Market Insights
CDR Financial Products Inc. and three of its employees aren’t entitled to early access to prosecution evidence in a U.S. antitrust investigation of the $2.8 trillion municipal bond market and more indictments are expected, a prosecutor told a federal judge in New York.
Lawyers for the CDR defend...
by Yohay
on 30. Jul, 2010
in Market Insights
After a busy week of trading, and before an even busier week ahead, it’s time to sit back and enjoy the weekend with some long-term forex-related articles. Enjoy:
by Yohay
on 30. Jul, 2010
in Market Insights
The world’s largest economy will probably keep cooling in the third quarter as a lack of jobs prompts American consumers to rein in spending.
The economy in the U.S. grew at a slower-than-forecast 2.4 percent annual rate from April through June after expanding at a 3.7 percent pace in the previou...
by Yohay
on 30. Jul, 2010
in Market Insights
NEW YORK, July 30 (Reuters) - Currency speculators
increased net short dollar positions in the latest week, data
from the Commodity Futures Trading Commission showed on
Friday.
The value of the dollar's net short position was $5.73
billion in the week ended July 27 compared with a net short
p...
by caseystubbs
on 30. Jul, 2010
in Market Insights
A plethora of articles and books have been written on what do in order to guarantee success in Forex trading. Here is my take on it:
As a Forex beginner, make sure you educate yourself and get a good grasp of the basics of Forex trading; Educate yourself on different trading strategies, or method...
by News Editor
on 30. Jul, 2010
in Market Insights
Treasuries rose, sending the two- year yield to a record low, while the dollar slumped versus the yen as weaker-than-estimated U.S. economic growth cast doubt on the strength of the recovery. The Standard & Poor’s 500 Index still capped its best monthly rally in a year.
The two-year note’s yield...
by Yohay
on 30. Jul, 2010
in Market Insights
NEW YORK, July 30 (Reuters) - The dollar hit its lowest since November against the Japanese yen on Friday as data showed growth in the world's largest economy is slowing, reinforcing expectations for low U.S. interest rates into 2011.
Dollar bears sold the U.S. currency against the yen after the ...
by redbarron
on 30. Jul, 2010
in Market Insights
* US Q2 GDP rises 2.4%, close to expectations; Q1 GDP revised sharply higher, 3.7% from 2.7%
* NY ISM falls to 58.4 in July from 69.3 in June, lowest in 11 months
* Canadian GDP rises 0.1% in May from 0.0 in April
* Chicago PMI firmer than expected at 62.3 in July from 59.1 from June...
by forexhound
on 30. Jul, 2010
in Market Insights
Weak Japanese economic data encouraged the shedding of risk overnight driving the U.S. Dollar higher against most major currencies while pressuring the Dollar/Yen.
by James Chen
on 30. Jul, 2010
in Technical Analysis
USD/CAD (a daily chart of which is shown) as of Friday (7/30/2010) has once again hit the bottom of a large triangle consolidation pattern after having traded just below key 1.0400 resistance for the entire week. This large triangle occurs within the context of a prolonged sideways trading range...