Latest News for Forex
Forex Trading Signals Update: Volatility Has Dropped, Look to Range Trading Strategies (Daily FX via Yahoo! Finance)
Our forex trading signals saw mixed performance through the past seven days of trading, as our Momentum-based strategies continued to outperform while Breakout and Range signals were comparatively disappointing.
US Dollar Forecast to Advance versus Euro on Forex Sentiment (Daily FX via Yahoo! Finance)
EURUSD - Euro Forecast to Decline Further Against US Dollar on Forex Positioning USDJPY - Japanese Yen Likely to Continue Higher Through Short-Term Trading USDCHF - US Dollar/Swiss Franc Positioning Forecasts Further Strength GBPUSD - British Pound Forecast Unclear Against US Dollar USDCAD - Canadian Dollar Forecast to Fall Further versus US Dollar
Short-Term Forex Technical Outlook: NZD/USD (Daily FX)
The New Zealand dollar fell to a six-year low against the U.S. dollar over the last 24 hours of trading, and may continue to move lower over the remainder of the trading session as risk aversion continues to drive price action in the forex market.
Australia Intervenes in Forex Market, Spends Record 3 Billion to Boost Currency (Euro Open) (Daily FX via Yahoo! Finance)
The Reserve Bank of Australia spent a record-breaking 3.15 billion to intervene in the forex market and support the value of its currency. Japanese exports dropped by the largest amount in nearly seven years, pushing the Trade Balance into deficit.
(AFX UK Focus) 2008-11-20 09:14 Turkish C.Bank-lengthens forex depo period to 1 mth (Interactive Investor)
ISTANBUL, Nov 20 (Reuters) - The Turkish Central Bank said on Thursday it would extend the period of lending in the foreign exchange depo market to one month from one week as of Friday, in a bid to boost liquidity. It added it had cut forex depo lending rates to 7 percent from 10 percent for the dollar, and to 9 percent from 10 percent for the euro. (Reporting by Daren Butler)
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