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Mexican Peso Profits from Promise of Faster Growth in China
The Mexican peso advanced today as China pledged to boost its economic growth, reducing the negative impact of the crisis in Europe and increasing demand for riskier currencies with higher yield.
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Canadian Dollar Slides To Fresh 4-month Low Against Greenback
Extending its 6-day losing streak, the Canadian dollar reached 1.0236 against its US counterpart around 8:10 am ET Monday, its lowest level since January 16. On the downside, the loonie may find target around the 1.0250/55 area and a move ...
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Euro Struggles in Forex Trading
Once again, the euro is struggling in Forex trading. It isn’t much of a surprise, really, since the eurozone is still operating in debt crisis mode.
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Facebook’s Debut Less than Stellar but Days Ahead Seen as Cr
After the first (nearly) full day of Facebook stock trading, it may have only been $0.23 higher at the closing bell, but at least it didn’t close down. With all the hoopla and build up ahead of Facebook’s IPO launch last Friday, there was a great
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Neutral GBP/USD, And Within 45 Pip Range Today
On Friday Pound/Dollar bounced up, increasing with 100 pips. The Cable appreciated from 1.5731 to 1.5834 on Friday, in converse with the negative money flow sentiment at almost -9%, closing the week at 1.5816. Today the British Pound strengthened ...
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EUR/USD MACD Signal: Sell at 1.27730 - Stop Loss at 1.28110
I open a market order in the direction of the signal and stay in the trade until I get a signal in the opposite direction. My stop loss is at the previous low in case of a buy and at the previous high in case of a sell. For each trade I risk LESS THAN ...
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Ryanair warns Europe slowdown to cut profit
* Irish airline beats forecasts with 25 pct 2012 profit surge * Warns profit to slump by up to 20 pct in coming year * CEO says fare hikes won't compensate for higher fuel * Announces second-ever dividend of 483 mln eur By Conor Humphries DUBLIN, ...
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Daily Forex Fundamentals - May 21, 2012
Up and at 'em, pipsters! Complete your weekly pre-trading routine by reading what market themes dominated trading last Friday!
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Azad opposes transfer of Centaur Hotel to Govt
CAD/PER/1021/320 dated 02.05.2012 written by the J&K government to the Hotel Corporation of India, in which the state government has clearly stated that it 'can outsource the work in the hotel'. After giving a patient hearing to the delegation the ...
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Oil sanctions on Iran will push crude prices to $160: Iran Finance Minister
Iran's Minister of Economic Affairs and Finance Shamseddin Hosseini says if EU sanctions against the Islamic Republic take effect, oil prices will soar to as high as USD 160 per barrel. In an interview with CNN, Hosseini said Iran has endured sanctions ...
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Gold prices in Vietnam
In addition, news of the US JP Morgan Chase's (NYSE:JPM) huge loss of US$2-B worsened the global Gold market. Many investors sold out gold and stored their assets in cash and USD for safe, reported the Wall Street Journal, quoting an analyst from the ...
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USD/JPY Forecast for the Week of May 21, 2012, Technical Ana
The USD/JPY pair initially rose during the week as the hammer from the previous week got triggered to the upside. This was a buy signal to most traders, but the later action in the week saw this pair fall apart. The fact that the end of the week


