Currency Newswire » Market

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

admin — Thu, 05 Feb 2009 00:23:58 +0000

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.

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

admin — Thu, 05 Feb 2009 00:23:40 +0000

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

GBPJPY analysis – inside bar on daily??

admin — Thu, 05 Feb 2009 00:23:23 +0000

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 in the bear run... :-O 3.30 pm -
should the lower trendline at 127.30 broken, 125.00 might be on the way...

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

admin — Thu, 05 Feb 2009 00:07:26 +0000

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.

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

admin — Wed, 04 Feb 2009 16:48:34 +0000

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.

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

admin — Wed, 04 Feb 2009 16:48:33 +0000

* Rupee off 2-wk highs as stocks pare gains

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

admin — Wed, 04 Feb 2009 16:48:30 +0000

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.

Dollar jumps on euro, pound (CNN Money)

admin — Wed, 04 Feb 2009 16:48:30 +0000

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.

Euro Struggles With 1.3000 Pound Holds 1.44000

admin — Wed, 04 Feb 2009 16:47:43 +0000

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 steady EURGBP sell flows kept the downward pressure.

Risk appetite and general sentiment improves – EURUSD pushes higher.

admin — Wed, 04 Feb 2009 16:47:42 +0000

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 during the day as fresh fiscal stimulus packages…

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

admin — Tue, 03 Feb 2009 16:43:50 +0000

* Rupee rises as stocks gain; fund flows key

Currencies: Dollar surges against British pound (Market Watch)

admin — Tue, 03 Feb 2009 16:43:47 +0000

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

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

admin — Tue, 03 Feb 2009 16:43:46 +0000

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.

GBPJPY analysis – 126.69 next??

admin — Tue, 03 Feb 2009 16:42:12 +0000

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 [-o<            125.10 and 124.10 might be hit next 8.00 pm - 126.00 broken?           will the beast dive further down?  10.00 pm - closed all positions at 126.40           a pinbar on h4 chart indicates a retracement is due

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

admin — Tue, 03 Feb 2009 16:33:02 +0000

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.

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

admin — Mon, 02 Feb 2009 16:47:07 +0000

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.

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

admin — Mon, 02 Feb 2009 16:47:03 +0000

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.

GBPJPY analysis – next week Feb 2nd outlook

admin — Sun, 01 Feb 2009 20:42:37 +0000

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 breaks 135.00 resistance level; which coincides with daily EMA50.

On the downside,a move below 128.00 level should dictates that the downtrend is still intact.

Meanwhile, the fundamental outlooks for Japanese yen and British pound are still bullish and bearish respectively at the moment. Therefore, the fundamental outlook for GBPJPY is still BEARISH. >:)

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

admin — Sat, 31 Jan 2009 18:24:15 +0000

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.

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

admin — Sat, 31 Jan 2009 18:24:14 +0000

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.