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Business - Currencies - FOREX latest news



Overnight Interest Rate Update 10.10.08
Current Yesterday USD 5.09375 5.37500 GBP 5.41875 5.83125 EUR 3.93625 4.35000 JPY 0.96250 0.92500 CHF 4.35833 4.58333 AUD 7.98750 7.18750 CAD 3.73333 3.97500 NZD 9.75000 9.75000
Daily FX Friday, October 10, 2008

Chart of the Day: Patience and Discipline
In normal market conditions, I would usually move down to the hourly chart if none of the 4-hour charts were showing any solid trading opportunities. But...
Daily FX Friday, October 10, 2008

Dollar-Yen (USDJPY) Breaks Below 99.00 as Stocks Continue to Slide
Asian stocks markets have heavy losses this afternoon, with the Nikkei still posting a 10% decline. Australian stocks are down 7.59% while New Zealand...
Daily FX Friday, October 10, 2008

Swiss Unemployment Unexpectedly Increases, More Easing Ahead?
The seasonally adjusted unemployment rate in Switzerland rose for the first time in five years to 2.6% from 2.5%, while the unadjusted jobless rate continued...
Daily FX Friday, October 10, 2008

AUD/JPY Short-Term Technical Outlook
The AUDJPY has fallen quite dramatically over the week on the back of fading risk sentiment, and may slide further as the flight to safety continues.
Daily FX Friday, October 10, 2008

Post of the Day: USD/CAD
Student's Question: Pair is in up trend and looking to buy.is this a break out opportunity? Are my Target price and Stop loss ok? If so where should i...
Daily FX Friday, October 10, 2008

Lehman Credit-Default Swaps (CDS) Auction on Tap - Debt Insurers Expected to Lose
The auction of Lehman CDS contracts will be a major event today as it will determine the level of what will be the biggest CDS payout to date. The proximity...
Daily FX Friday, October 10, 2008

U.K. and Icelandic Regulators Stand Ready to Protect Depositors as Financial Concerns Heighten
The sharp tone between Britain and Iceland in regards to U.K. deposits in Icelandic banks have hardened. After the U.K. used anti-terrorist laws to size...
Daily FX Friday, October 10, 2008

U.S. Securities and Exchange Commission (SEC) to Reinstate Short-Selling Bank as Stocks Tumble Lower
The SEC is set to extend it short selling ban in an emergency order, according to rumours hitting the European market. There are few details available...
Daily FX Friday, October 10, 2008

Euro Firms Ahead of G7 Meeting, Will Governments Guarantee Interbank Lending?
After a test of 1.3500 the Euro bounced from support rallying over a 100 bps. The pair would find resistance at 1.3650 and has started to consolidate ahead...
Daily FX Friday, October 10, 2008

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