Forex Signal - News

The Japanese yen has hit its highest level against the US dollar

Wed, 16 Mar 2011 21:23:13 -0700

The Japanese yen has hit its highest level against the US dollar since the end of the Second World War.

The yen climbed as high as 76.25 against the dollar in US trading on Wednesday. In Asia on Thursday, it was closer to 79.42.

Republic of China Constructing Blows up at Quicker Tread as Asset Bubble Risks Addition

Wed, 31 Mar 2010 18:57:37 -0700

China’s manufacturing blew up at a quicker rate in March, rewarding an economical rally in the awaken of a record enlargement of accredit that today runs a risk bubbles inward the country’s plus marketplaces.

Obama will insist on consumer financial protection

Wed, 20 Jan 2010 19:22:15 -0800

WASHINGTON – President Barack Obama said on Wednesday he would keep consumer protection at the heart of his proposed overhaul of financial regulation, despite suffering a serious political setback in the U.S. Senate.

Dollar, yen near week's peaks as caution lingers

Thu, 14 May 2009 10:40:05 -0700

Dollar, yen hold near week's highs vs euro, Aussie, kiwi * Dollar briefly hits 2-month low vs yen By Kaori Kaneko TOKYO, May 14 (Reuters) - The yen and dollar held near some of their strongest levels this week on Thursday after bleak U.S. retail sales data rekindled worries about the economy, prompting investors to reduce bets on riskier assets.

FOREX Euro hits 1 month low vs dollar on ECB uncertainty

Mon, 20 Apr 2009 22:37:42 -0700

The euro hit a one-month low against the dollar and a three-week trough versus the yen on Monday due to uncertainty over policy steps the European Central Bank may take.

Obama Sees ‘Glimmers of Hope’ of Improving Economy

Sat, 11 Apr 2009 16:01:55 -0700

“What we’re starting to see is glimmers of hope across the economy,” the president told reporters at the White House after getting an update on the economy from Federal Reserve Chairman Ben S. Bernanke, Treasury Secretary Timothy Geithner, and Sheila Bair, chairman of the Federal Deposit Insurance Corp.

Recovery Optimism on Asian Markets Rise

Thu, 02 Apr 2009 01:42:31 -0700

On Wednesday the ISM manufacturing report climbed to 36.3, the third consecutive gain. The ISM report can be used as a good gauge for the upcoming GDP numbers. The positive reads over the last three months show that the economy improved during the first quarter of 2009 from the preceding, at least when it comes to the manufacturing side of the economy. However, the ISM March number still holds a long way from the 50 points mark that denotes contraction from growth

a pivotal week for USD: its Geithner's do or die

Mon, 23 Mar 2009 08:20:19 -0700

The ruthless financial markets will sniff for blood when Geithner finally announces the key details of the banking rescue plan this week. Geithner's plan must excel in substance and delivery or he might as well pack his bags.

Dollar Correction or Something Deeper?

Thu, 19 Mar 2009 18:30:23 -0700

The EUR/USD is trading heavily since yesterdays FOMC Mobile News Alert announcements and hasn’t stopped to breath. The pair broke important 1.35 very easily and also 1.36. Now it is trading above 1.37 and it looks like 1.38 Mobile Price Alert is the next target! The whole move is happening very fast and it makes one wonder as to how easy is to be sustained! As long as the pair does not fall below 1.35, which works as a good support now, there may be further gains ahead! For now, 1.38-1.3860 is likely the targets for the coming hours!

EUR USD Corrective dips to Day

Mon, 16 Feb 2009 03:42:21 -0800

EUR-USD Corrective dips should ideally halt near 1.2884 or 1.2854 for one more thrust upwards towards 1.2915 - 1.2946 area or 1.3006 in extention. Fall below 1.2824 puts it back on a downward path.

Euro and Pound Rally -To be Continued?

Wed, 28 Jan 2009 05:04:44 -0800

The EUR/USD broke important resistance levels of 1.3060 yesterday, climbing even higher towards 1.32. This morning's better than expected IFO news saw the euro continue to rally against the buck towards 1.3350, however, the move was not strong enough to sustain further gains and as the pair appreciated more than 500 points in the last two days, a retracement was unavoidable! As long as the pair holds 1.30 for now, there might be further upside in the coming hours. A clear break of 1.30 ahead of 1.2960 may indicate that the party is over for euro bulls and another try on the downside may be in store!

EUR/USD Weekly Forex Analysis

Sun, 25 Jan 2009 11:40:36 -0800

After more than a month of steeply bearish price action on the EUR/USD (a daily chart of which is shown), the week of January 26-30 is looking to be a pivotal period for this key currency pair.

Forex Weekly Analysis - January 26-30 2009

Sun, 25 Jan 2009 11:21:47 -0800

This week, it’s New Zealand turn to slash interest rates, Canada will show a decline in GDP, and the German Ifo Business Climate will dominate European news.

Stock Buybacks are on the rise

Fri, 23 Jan 2009 02:56:19 -0800

A stock buyback is not the golden ticket to easy stock market profits but it does indicate a favorable attitude towards shareholders by company management and an ability to generate profits that can be used to buy back stock. A diversified portfolio of stocks conducting buybacks has been shown to reduce volatility and increase returns in the long term compared to large cap market indexes like the S&P 500.

Chart of the Day - USD/JPY

Fri, 23 Jan 2009 02:41:01 -0800

Price action on the USD/JPY (a daily chart of which is shown) has just made a precise double-test of the pair’s 13-year low that was recently established in mid-December 2008. This extreme support level resides just a few pips above the 87.00 mark.