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South Korea central bank slashes key interest rate
South Korea's central bank carried out its biggest interest rate cut ever Thursday, slashing borrowing costs by a full percentage point to a record low in a bid to stave off possible recession. The Bank of Korea lowered the benchmark seven-day repurchase rate...
San Francisco Chronicle

Forex Market Expectations Mixed Ahead of SNB Rate Decision, Threatening Volatility (Euro Open)
The Swiss National Bank is set to announce interest rates in European hours. Expectations are mixed, with economists predicting a 50 basis point cut while...
Daily FX

South Korea Again Cuts Interest Rates
South Korea cut its main interest rate by a percentage point to 3%, its fourth cut in two months, as it tries to maintain the flow of credit as the economy slows.
Wall Street Journal

3 Key Points Which Your Automatic Trading Forex Programs Must Have
Automatic trading has revolutionized the forex market and how those who trade within it approach their trading. Since forex trading programs first took off and running years ago, the floor has become flooded with lookalikes, knock offs, rip offs, and (thankfully) a number of gems. This article is meant to help you steer through and navigate between the lemons to find one of the winners out there. Whatever program you end up deciding on if you do, make sure that it has these three points.
ezinearticles.com

EURUSD and AUDUSD Testing Resistance
Confidence in the EURUSD triangle (and holding below 1.3085) is low at this point given that the pair traded within 10 pips of that level today and is...
Daily FX

U.S. Stock Markets See Moderate Gains - Washington Post
Stocks, which fell earlier this afternoon, turned positive in late afternoon trading as Congress continued work on a bailout of the auto industry . The Dow Jones industrial average was up .5 percent, or 48 points, at 3:22 p.m. while the Standard ...
Feed Digest

Wall Street Turns Positive in Late-Day Trading - Washington Post
Stocks made a modest gains today as Congress continued work on a bailout of the auto industry . The Dow Jones industrial average closed up 0.8 percent, or 70 points, while the Standard & Poor&os;s 500 index was up 1.2 percent, or 11 points. The tech ...
Feed Digest

ECB`s Stark Says Bank`s Room for Rate Manoeuvre ``Very Limited``
(CEP News) - European Central Bank Executive Board member Jürgen Stark said the central bank's room for manoeuvring on interest rates is 'very limited' after the most recent 75 basis point cut from the bank brought rates to 2.50%.
Economic News

Using Support and Resistance to Trade Forex
When I say 'trade forex with support and resistance', I am not talking about using those generic indicators that are supposed to give you the important pivot points on your trading charts. Those are just basically static formulas. Sure, occasionally they will work.
ezinearticles.com

The Hope Economy
As the holiday shopping season stumbles toward its frantic conclusion, countless opinion polls and surveys will remind us that Americans believe the economy is in the doghouse. And short of a miracle not seen since, well, ever, there's little evidence that times will get better over the next few months. Indeed, last week's downright scary employment report, which showed that more than a half-million jobs vanished from offices and factories around the country in November, will add only more doom to everyone's gloom. Amid the bad news, however, the election of Barack Obama appears to have given Americans a lift. According to the CNBC/Portfolio.com Wealth in America Survey, 55 percent of respondents expect the economy to improve under the new president. Still, a cynic, could point out that 55 percent matches up pretty nicely with Obama's share of the popular vote. How seriously can we take any of these surveys, especially with a severe financial crisis and eco
Portfolio

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November 2009
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