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Forex: GBP/USD, pushing against 1.6400 resistance
April 8, 2011FXstreet.com (Barcelona) – The Pound has retraced the whole decline from March 22 to March 28,… For more information, read our latest forex news.
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China’s Forex Reserves Surge to New Record
May 3, 2010There are no words to describe the size of China’s foreign exchange reserves. Massive, Mind-Boggling, and Eye-Popping come to mind, but don’t do the $2.447 Trillion justice. What’s more, this figure represents the end of March; the current total has almost certainly surpassed $2.5 Trillion. Interesting, the rate of reserve accumulation has slowed markedly from [...]
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Dollar gains on March jobs growth
April 3, 2010For only the second time in the 27 month period since the start of the US recession, employers have added jobs. This is the news from the US Labor Department in its monthly payroll report for March released early Friday (April 2) morning. It was expected that the economy would show a gain of around [...]
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Japanese Yen Forex Trading Forecast
March 8, 2010Will the yen appreciate in March? For some reason, many forex traders believe that March is, seasonally, a good month for the Japanese yen against the U.S. dollar. The main reason is that March is at key point in the business year for Japan — in which repatriation takes place. However, GFT’s Kathy Lien points [...]
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SNB: Intervention Back on the Table
January 26, 2010Pull up a 1-year chart of the Euro against the Swiss Franc, and you’ll quickly notice a salient trend: the exchange rate has hovered slightly above ‘
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Canadian Dollar Headed for Parity
January 15, 2010Only a year ago, who could have conceived of such a possibility? At the time, the Canadian Dollar (aka Loonie) was in the doldrums, as a result of the credit crunch and concomitant collapse in commodity prices. In March, however, the Loonie began an extraordinary rally, and finished the year up 16%, almost perfectly offsetting [...]