Devaluation threat to rouble: Russia props up banks with $40 billion (Times Online)

Russia’s Government yesterday threw a $40 billion lifeline to its banks as the rouble suffered another pounding, prompting further speculation that the country would be forced into a formal devaluation. Read more….

EUR/USD Forex Alert – Market PMTP Advisory from Britt Maras

My Primary Movement Timing Program (PMTP) issues three Alerts for Thursday February 5th, 2009. (…) Read more….

GBPJPY analysis – inside bar on daily??

daily chart – 11.30 am An inside bar on daily chart indicates that the market is currently in uncertainty. Neither bulls nor bears are in control. That also means that today is a NO TRADE day. =)) Will come back tomorrow… Till then, cheers … :-h UPDATE: 3.15 pm – congrats to those who get [...]

Japan Intervention Hinges on Yen Moves, Not Level, Gyohten Says (Bloomberg)

Feb. 5 (Bloomberg) — Japan will consider intervening in the currency market based on the pace of the yen’s appreciation as opposed to the level at which it trades, a former Finance Ministry official said. Read more….

Japanese Yen, Stock Link to Break, Bank of Tokyo’s Fink Says (Bloomberg)

Feb. 4 (Bloomberg) — The link between movements in stock prices and Japanese yen may weaken after the Bank of Japan said it will buy shares of financial companies to help ease credit markets, according to Bank of Tokyo-Mitsubishi UFJ Ltd. Read more….

Indian rupee off 2-wk highs as shares pare gains (Reuters via Yahoo! Malaysia News)

* Rupee off 2-wk highs as stocks pare gains Read more….

Market still wary of battle over Russian rouble (Reuters via Yahoo! Malaysia News)

MOSCOW, Feb 4 (Reuters) – Russia’s rouble stopped just short of the trading floor the central bank has vowed to defend on Wednesday and traders said the market lacked momentum for a second day to pursue a widely awaited showdown. Read more….

Dollar jumps on euro, pound (CNN Money)

The dollar rose strongly against the euro and pound Wednesday, after weak economic reports from the region supported many investors’ beliefs that the regions’ central banks will cut interest rates on Thursday. Read more….

Euro Struggles With 1.3000 Pound Holds 1.44000

Another rambling night of trade in the currency market as the EUR/USD struggled with the 1.3000 handle after staging a reversal in North American session yesterday. Better risk appetite and the growing political woes of the Obama administration helped fuel Tuesday’s rally, but the unit could not hold its gains as dour economic data and [...]

Risk appetite and general sentiment improves – EURUSD pushes higher.

Risk appetite improved throughout yesterday, pushing EURUSD higher. Overnight EURUSD traded in the range 1.2955-1.3048 booking a 0.6% gain and USDJPY was range-bound between 89.33 and 89.68 – down by 0.1%. The dollar was weaker on a whole, declining against 7 of the 10 most traded currencies. The general improvement in sentiment had been building [...]

Indian rupee up as stocks rise, exporters sell dlrs (Reuters via Yahoo! Philippines News)

* Rupee rises as stocks gain; fund flows key Read more….

Currencies: Dollar surges against British pound (Market Watch)

The U.S. dollar surges against the British pound, after Moody’s Investors Service cuts its ratings on Barclays Bank. Read more….

UPDATE 2-Russia rouble in sight of central bank battle line (The Forex Market)

MOSCOW, Feb 3 (Reuters) – Russia’s rouble weakened to within a whisker of its official support level on Tuesday, but profit-taking helped defer a widely-anticipated showdown between the central bank and investors for another day. Read more….

GBPJPY analysis – 126.69 next??

chart h1 – 8.00 am Malaysia Looks like the bears are gaining control on the beast. Should the price breaks the lower trendline, 1st target projection is Friday low (126.69). UPDATE: 4.00 pm – Frankfurt market pulled the price down to 127.63 the lower trendline is now pierced. [-o< 4.51 pm - Friday's low hit [...]

S.Africa’s rand steady vs dlr, stocks edge higher (The Forex Market)

JOHANNESBURG, Feb 3 (Reuters) – South Africa’s rand steadied against the dollar on Tuesday as market players awaited an interest rate decision later this week, while stocks edged up, breaking a three-day losing streak. Read more….

Rupee down by five paise to 48.92/93 vs US dollar (Hindustan Times)

The Indian rupee was down by five paise to settle the day at 48.92/93 against the US currency following weakness in equity markets amid sustained capital outflows. Read more….

UPDATE 4-Russia heads for forex showdown as rouble slips (The Forex Market)

MOSCOW, Feb 2 (Reuters) – The Russian rouble hit fresh lows versus a euro-dollar basket on Monday, coming within half a percent of the trading boundary where a showdown is expected between speculators and the central bank. Read more….

GBPJPY analysis – next week Feb 2nd outlook

h4 chart at market closing Price is currently already above the the daily upper trendline; which is drawn from Sept 24th to Jan 7th. Now it is testing the 130.00 resistance zone and could either break it or rebound from the it. However, the trend reversal, if any, should only be confirmed if the price [...]

Swiss franc slides to session low versus dlr (Reuters via Yahoo! Singapore News)

LONDON, Jan 30 (Reuters) – The Swiss franc hit a session low versus the dollar on Friday, with traders citing option-related selling from hedge funds. Read more….

Japanese Yen May Finally Break From Its Range As Risk Trends Swell (Daily FX via Yahoo! Finance)

Risk sentiment dominated the markets last week; and it will no doubt do so again next week. This is a promising trend for Japanese yen traders who are looking for volatility – and nail-biting for those that await a lasting trend. Read more….

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