Closing Market Recap: Equities Post Biggest One-Month Gain Since 2002

(CEP News) – North American equity markets held modest gains following a late sell-off on Tuesday. March was a very positive month for U.S. equity markets, as both the Dow and the S&P saw their biggest one-month gains since October of 2002. Read more….  Read More →

U.S. Dollar: Quarter Ends With a Bang

The last trading day in the first quarter of 2009 has ended with a bang. The U.S. dollar sold off against most of the major currencies as repatriation flows come to an end. U.S. economic data was weak, but not a game changer and therefore currency investors chose instead to focus on the positive implications of Japan’s stimulus package and the IRS’... Read more...

New Zealand Dollar Collapses on RBNZ Comments

The New Zealand dollar sold off aggressively in late U.S. trading on surprisingly dovish comments from the RBNZ. Having already cut interest rates by 525bp, the central bank is now suggesting that either more rate cuts may be needed or that they could start buying long term bonds. Read more….  Read More →

Forex Reviews

Forex Customer Reports features Forex reviews about Forex courses, Forex brokers, and Forex strategies with comments from real users…and we are continually adding free Forex articles too! eToro :: Forex Funnel :: Easy Forex :: Trading From Home Forex Mentor :: Forex Online Signals :: Forex Tracer :: Forex Yard Forex Kiss Strategy :: Forex Roboteer... Read more...

GBPJPY analysis – crazy spike on the April Fool’s Day

1-minute chart at 8.13 am Malaysia A crazy spike which must have caught the bulls off guard. Is someone trying to pull our legs on the April Fool’s Day? I was lucky to be on the right side of the spike… Read more….  Read More →

Ramirez Scraps Call for Mexican Peso Tumble in 2009 (Update1) (Bloomberg)

March 31 (Bloomberg) — Rogelio Ramirez de la O , the Mexican economist who predicted the 1994 peso devaluation, abandoned his call for further declines in the currency this year after President Felipe Calderon said he was seeking a credit line with the International Monetary Fund. Read more….  Read More →

Greenback rebounds from 12-day low against Mexican peso (Nasdaq)

(RTTNews) – The US dollar edged down to 13.9972 against the Mexican peso by about 9:20 am ET on Tuesday. This set a 12-day low for the US dollar. Thereafter, the pair reversed its direction and as of now trading near 14.17. The greenback closed yesterday’s New York session at 14.2884. Read more….  Read More →

Yen Trades Near Three-Week Low Before BOJ’s Factory Survey (Bloomberg)

April 1 (Bloomberg) — The yen traded near a three-week low versus the dollar after posting its biggest quarterly loss since 2001 before a Bank of Japan survey forecast to show sentiment among manufacturers fell to the lowest in more than 30 years. Read more….  Read More →

Cautious approvals of Ingersoll-Rand’s refinancing (AP via Yahoo! Finance)

Wall Street gave a tentative “thumbs up” Tuesday to the long-awaited debt refinancing of Ingersoll-Rand Co. Ltd., which borrowed heavily to transform itself into a diversified manufacturer. Read more….  Read More →

Rouble fixes at 33.9032/dlr, 44.9154/euro (Reuters via Yahoo! Singapore News)

MOSCOW, March 31 (Reuters) – The Russian rouble firmed in early official trade on Tuesday to a weighted average for tomorrow settlement of 33.9032 per dollar compared with 34.0134 the previous session. Read more….  Read More →

Yen Falls After Japan Business Confidence Drops Most on Record (Bloomberg)

April 1 (Bloomberg) — The yen fell against the dollar, extending its worst quarterly loss since 2001, after a Bank of Japan survey showed business sentiment dropped the most on record, reducing demand for the currency. Read more….  Read More →

Fed’s Plosser Criticizes Unclear Guidelines on Lending Programs

(CEP News) – Federal Reserve Bank of Philadelphia President Charles Plosser criticized the Fed’s lending programs on Monday for failing to establish clear guidelines. Read more….  Read More →

EU Preview: ECB to Cut Rate to Record Low, Announce Extension to Refi Operations

(CEP News) – Record low inflation coupled with ongoing declines in consumer sentiment and economic activity will leave the European Central Bank with little choice but to reduce its main refinancing rate yet again, economists say. Read more….  Read More →

Midday Market Recap: Equities Take Back Losses Depite Negative Sentiment

(CEP News) – U.S. equity markets have retraced almost half of Monday’s losses and are trading near strong resistance levels despite apprehension over the U.S. auto industry. Read more….  Read More →

Is the U.S. Economy on the Road to Recovery?

Retail sales show gains, could indicate economic turnaround The U.S. economy might be on the road to recovery, if one looks at retail sales data. Even though consumer confidence remains near historic lows, there has been some gains in spending. The Street reports on the improvement in retail sales since November: A sharp turnaround in retail stocks... Read more...

Yen Falls, Heads for Quarterly Drop on Japan’s Economic Slump (Bloomberg)

March 31 (Bloomberg) — The yen fell to a three-week low against the dollar and headed for its biggest quarterly loss since 2001 after Japan’s Prime Minister Taro Aso said the world’s second-largest economy is still in a state of crisis. Read more….  Read More →

Yen Falls, Heads for Quarterly Drop on Japan’s Economic Slump (Bloomberg)

March 31 (Bloomberg) — The yen fell against the dollar and headed for its biggest quarterly loss since 2001 after Japan’s Prime Minister Taro Aso said the world’s second-largest economy is still in a state of crisis. Read more….  Read More →

Canadian Dollar Erases Gains as Crude Oil Touches Two-Week Low (Bloomberg)

March 31 (Bloomberg) — Canada’s currency erased gains as crude oil touched the lowest in almost two weeks. The Canadian dollar traded at C$1.2622 at 1:15 p.m. in Toronto, compared with C$1.2624 yesterday. One Canadian dollar buys 79.23 U.S. cents. Read more….  Read More →

Canadian Dollar Extends Uptrend Against Greenback And Yen (INO News)

(RTTNews) – In early European deals on Tuesday, the Canadian dollar extended its Asian session’s uptrend against the greenback and the yen as the crude oil prices rose above $49 per barrel today. Read more….  Read More →

Cautious approvals of Ingersoll-Rand’s refinancing (AP via Yahoo! Finance)

Wall Street gave a tentative “thumbs up” Tuesday to the long-awaited debt refinancing of Ingersoll-Rand Co. Ltd., which borrowed heavily to transform itself into a diversified manufacturer. Read more….  Read More →

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