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November 2008
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Rates May Be Slashed to 50-Year Lows, Fed Minutes Show

Wednesday, November 19th 2008   17:36
In its Oct 28-29 meeting the Federal Reserve made it clear that it could invoke a near zero interest rate policy (ZIRP) if the economic perspective continued...
The Japanese yen has traded very choppily lately, but remains below its October 24 highs where the low-yielding currency ran into critical resistance versus...

U.K. Pound Gets a Bump in Currency Trading

Wednesday, November 19th 2008   7:14
Sterling gains in forex tradingThe U.K. pound saw a bump in currency trading on the FX market following the news that the Bank of England may cut interest rates further. Additionally, the minutes...

Bank of Japan Moves Closer to Intereference

Wednesday, November 19th 2008   7:44
Exports are more important than the yen in currency tradingFor years, the Bank of Japan and other Japanese officials have made it clear that exporters are more important than the strength of the yen...
FXstreet.com (Barcelona) – The Bank of England has affirmed that its decision to cut its Bank Rate by 1,50% announced in November the 6th was approved unanimously, based on the need to react...
FXstreet.com (Barcelona) – Manufacturing output has declined in the United Kingdom in November to its lowest level since 1980, while the new orders remain at very low levels, according to the...
The Dow Jones Industrials Average shed all of its earlier gains, with a late afternoon tumble leading to sharp rallies in the highly risk-sensitive US...
The Japanese yen has traded very choppily lately, but remains below its October 24 highs where the low-yielding currency ran into critical resistance versus...

EUR/USD Continues Struggle on FX Market

Tuesday, November 18th 2008   7:40
Euro remains weak in forex tradingEUR/USD continues its rangebound struggle on the FX market today. The euro has periodically been attempting to rally in forex trading against the greenback, but it...

Down Under Currencies Decline in FX Trading

Tuesday, November 18th 2008   7:56
Currency trading with the kiwi and the AussieIn currency trading, the kiwi and the Aussie are having trouble right now. The down under currencies are declining in FX trading as risk aversion remains...
FXstreet.com (Barcelona) – Asian stock markets have opened Tuesday’s session in red weighed by sharp losses posted by real state firms and banks with weakness by lower consumer demand hitting...

EUR/USD: The Euro Dollar, in a triangle formation

Tuesday, November 18th 2008   15:50
FXstreet.com (Barcelona) – The Euro Dollar, as well as the rest of the majors, has been moving in a narrow range for the last hours and the cross is now inside a triangle pattern, according to...
The Japanese yen has traded very choppily lately, but remains below its October 24 highs where the low-yielding currency ran into critical resistance versus...

Reserve Bank of Australia Sees Rates at Neutral Position

Monday, November 17th 2008   17:49
At its Nov. 4 meeting, the Reserve Bank of Australia eased “monetary policy quickly to a neutral position,” for a total of three rate cuts over the course...
The Japanese yen has traded very choppily lately, but remains below its October 24 highs where the low-yielding currency ran into critical resistance versus...
The Swiss Franc resembled its traditional form to end the week as a bullish spike in equity markets sent the typically safe haven currency lower against...

U.K. Pound Pares Some of Its Losses in Currency Trading

Friday, November 14th 2008   8:08
Sterling recovers slightly against euro in forex tradingThe U.K. pound is paring some of its losses in currency trading on the FX market today. The sterling is recovering slightly against the euro in...

British Pound Crosses Test Major Support

Thursday, November 13th 2008   15:14
The British Pound crosses have come into significant support. The GPBCHF is testing its all-time low.

Russia to Devalue Ruble

Wednesday, November 12th 2008   18:23
Russia is currently facing its worst currency crisis since 1998, when it defaulted on its debt and the Ruble plunged 71% against the Dollar. This time around, Russia is being attacked on two fronts:...

U.K. Pound Moves Below $1.50 in Forex Trading

Thursday, November 13th 2008   6:39
Sterling continues to be pounded in currency tradingThe U.K. pound has dropped below $1.50 in forex trading on the currency market. The sterling continues to be pounded in currency trading as the...
FXstreet.com (Barcelona) – Asian stocks have declined sharply on Thursday on renewed concerns arisen by weakening Chinese industrial production and slumping consumption on the US, both of them key...
FXstreet.com (Barcelona) – The European Central bank has released its monthly bulletin where it observes that global economy is slowing down and uncertainty remains at unusual high levels, although...

US Trade deficit narrowed in September

Thursday, November 13th 2008   13:50
FXstreet.com (Barcelona) – US deficit in goods and services trade with the rest of the world has narrowed somewhat beyond expectations in September reaching its lowest level since October 2007...

GBP/USD Drops to 6-Year Low

Wednesday, December 31st 1969   18:00
Yesterday the GBP/USD suffered sharp losses and hit its lowest level in 6 years. The Cable lost 3.7% to end... Nov 13 2008 10:22AM UTC
After such an aggressive rally over the past three months, it is growing increasingly difficult for the US dollar to sustain its climb. Nonetheless, should...


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