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Statistics |
| Unique Visitors: 234 |
| Total Unique Visitors: 118785 |
| Visitors Out: 573 |
| Total Visitors Out: 573 |
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| Yen Advances vs Dollar and European Euro Stocks Eyed for Direction |
| 2008-11-19 14:18:00 |
* U.S. data shows record consumer price slide in Oct* Sterling rises, shakes off BoE minutes* Anxiety abounds about future of US automakersOn 19th Nov, New York:- The dollar fell against the euro and sterling on Wednesday as U.S. stocks stabilized and big buy orders for the European currencies pushed them through key technical levels. A U.S. economic report showing a record slide in consumer prices last month also added to pressure on the dollar as it suggested the Federal Reserve may have to cut benchmark interest rates from an already low 1 percent.Analysts, however, said investors remained skittish about the health of the world economy and were likely to take future cues from Wall Street's next move higher or lower."We saw euro and the sterling break through key trend lines and momentu...
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| Reserve bank Of India offers banks forex swaps |
| 2008-11-12 06:43:00 |
The exports market worsened even more in October. As per the latest ABN Amro India Manufacturing PMI, the new export orders index slipped below 50, indicating that external demand shrunk as a number of India’s key export destinations are on the verge of recession. While an easing of commod......
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| Simple Way to Dramatically Improve Your Forex Trading Profits |
| 2008-11-01 12:54:00 |
Forex markets for any period of time you will probably by now have developed your own unique trading system.However the vast majority of systems could be improved upon and made a lot more profitable just by doing one simple thing. All you want to do is to simply weed out the riskier set-ups that are triggered by your system and only trade the ones most likely to make a profit.This sounds obvious but let me explain this in more detail. Successful forex trading is all about finding high-probability trading set-ups. Most traders determine whether a particular trade is likely to be a winning one by using a variety of different technical indicators.If they all agree and......
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| Dollar climbs two-year peaks, risk stays in focus |
| 2008-10-23 13:51:00 |
Forex dollar scales two-year peak versus basket of currencies, Euro slumps to two-year low against dollar.The dollar climbed to a fresh two-year high versus the euro and a basket of currencies in choppy trade on Thursday as investors nervous of a severe global recession kept their faith in reserve currencies.A b......
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| Dollar gains vs yen, falls vs euro as risk edges up |
| 2008-10-16 13:46:00 |
Euro, dollar rise vs yen as modest risk-taking resumes U.S. jobless claims fall, easing some economic worriesGlobal stocks tumble but Wall St points at higher open (Updates prices, adds comment, detail, byline)New York, Oct 16 (Reuters) - The dollar rose against the yen on Thursday but slipped against the euro as inv......
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| Forex US dollar deepens losses vs euro, falls 2 percent |
| 2008-09-22 14:57:00 |
NEW YORK, Sept 22 (Reuters) - The U.S. dollar extended losses on Monday, falling 2 percent against the euro to a fresh three-week low, weighed down by worries about the fiscal impact of the U.S. government's $700-billion bailout plan aimed at addressing the global credit crisis.The euro rose as high as $1.4775 versus the dollar, the highest since late August, according to Reuters Dealing, and down 2.1 percent on the day. That was the largest one-day rise since January 2001.Also accelerating the......
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| FOREX-US dollar trims rise vs yen as stocks clip gains |
| 2008-09-19 04:52:00 |
The U.S. dollar trimmed gains against the yen on Thursday, after Wall Street shares surrendered some of their gains led by financial stocks. The dollar cut gains to 104.78, coming off session peaks at 105.57 yen . The euro has also come off about 200 points from its highs of the session. It last traded at $1.4377 , still up though by half a percent from late on Wednesday.Shares of Morgan Stanley tumbled on Thursday, dragging overall U.S. equities lower and weighing on the dollar. ......
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| Reserve Bank Cautions On Forex Fraud |
| 2008-09-14 08:17:00 |
The Reserve Bank of India (RBI) has advised the people not to fall in the traps of fly-by-night operators. These operators are offering fraudulent offers to the people through e-mails, posts and couriers. The all also engaged in providing fictitious offers of winnings in lottery and money in the stock market. The bank has received number of complaints from various organizations, schools, exchange entities and individuals.In a usual practice, such fraudulent operators’ demands account details o......
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| Asia's forex intervention may be a losing game |
| 2008-09-06 03:47:00 |
Asian central banks have sold U.S. dollars in recent sessions in an attempt to rescue their battered currencies, but their efforts may prove futile against a resurgent greenback that has caught fire after a seven-year decline. Many Asian currencies, which enjoyed a good run last year, have been hammered since late July, as the dollar soared amid concerns over capital outflows and slower economic growth in the region.Authorities in Thailand, Malaysia, Indonesia, India and the Philippines were spo......
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| Forex Battered sterling helps |
| 2008-09-01 08:50:00 |
Sterling dropped to its lowest level against the dollar in more than two years on Monday after the UK's finance minister issued a pessimistic view of the economy, helping the dollar to extend broader gains.The dollar index crept towards an eight-month high, but broad falls on global stock markets capped gains, allowing the Japanese currency to rise on cooling demand for risky carry trades that involve selling the low-yielding yen, Markets also braced for the onslaught of a strong hurricane on th......
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| Forex reserves dip below $300 bn |
| 2008-08-26 11:14:00 |
On August 15, forex reserves fell by $3.8 billion to $296.21 billion mainly on account of an appreciation of the dollar against other currencies. Foreign exchange reserves went above the $300-billion mark in February this year and touched an all-time high of $316.17 billion in the week ended May 23, Reserves have, however, declined for the last six weeks. Even during the previous week, foreign exchange reserves fell by $5.6 billion and the decrease was attributed to selling by foreign institutio......
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| Forex Trading Strategy: Japanese Yen |
| 2008-08-23 11:12:00 |
Yen rallies in currency tradingForex trading strategy should consider that the Japanese yen is on the rise right now. The yen is rallying in currency trading on the FX market as risk aversion sets in.Most of the worries have to do with the U.S. financial markets. Concerns stemming from the financial sector are creating a situation in which investors are concerened about taking risks. This means that the yen carry trade is unwinding. ......
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| Dollar rally takes a breather as commodities rise |
| 2008-08-18 14:58:00 |
U.S. dollar slipped against the yen and a basket of currencies on Monday, weighed down by a recovery in oil prices which gave investors the opportunity to take profits on the greenback's recent sharp rally.But the dollar's losses were limited by the rise in U.S. stock futures as oil prices slipped and geopolitical tensions eased after Pakistan's beleaguered President Pervez Musharraf announced his resignation on Monday. The uncertainty over Musharraf had earlier raised concern in the United Stat......
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| Bombay Stock Exchange launch currency futures on September |
| 2008-08-10 09:41:00 |
BSE Board of India (SEBI) will come next week to inspect our system, which is already in place, and we hope to launch the future contracts in currency by end of August or early September," the outgoing BSE managing director and CEO Rajnikant Patel said. Currency futures segment will be managed by a separate division of the exchange under a different structure and regulatory set-up. It will also have separate settlement from stock futures and cash segment as well as fresh set of members to partic......
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| China revises forex rules to handle rising flows |
| 2008-08-06 13:02:00 |
China has revised basic rules governing its foreign exchange system for the first time in 11 years to cope with growth in its foreign reserves and rising cross-border capital flows, the government said on Wednesday.The approval process for overseas investment by Chinese companies and individuals was simplified, the cabinet, the country's forex regulator and the central bank said in a joint statement published on the regulator's website . Chinese companies can now retain forex income offshore if ......
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| Easy Forex Trading Platform Got SixtyThousand Registrations In One Month |
| 2008-08-05 12:56:00 |
Easy-Forex platform is based on the concept of Visual Trading™ which aims to simplify online foreign currency trading without compromising performance, CEO of the easy-forex group traders have responded positively.We've obviously made a powerful move in the right direction and we intend to build on this with more products and features offering substantial new benefits, state of the art technology developed by Easy-Forex Technologies to provide an innovative new platform with a number of unique......
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| Forex Ringgit Closes In Against Against US Dollar |
| 2008-08-04 07:51:00 |
The ringgit closed lower against the US dollar Monday on selling pressure as traders took the cue from the weak performance by regional currencies, dealers said.At 5pm, the local currency declined to 3.2665/2695 from Friday's closing of 3.2620/2650.The dealers said that traders were reluctant to take heavy positions due to lack of fresh leads.In late trade, the ringgit traded mostly higher against other major currencies.The local unit was marginally higher against the Singapore dollar at 2.3801/......
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| FOREX-Dollar near 1-mth high vs euro before US jobs data |
| 2008-08-01 03:07:00 |
The dollar edged up towards a one-month high againstthe euro on Friday before monthly U.S. jobs data later in the day, withinvestors viewing the report as a key hurdle for whether the U.S. currency cansustain its rebound.A mixed bag of U.S. data released the previous day showing the economyexpanding less than expected in the second quarter, a spike in jobless claimsbut a pick-up in Midwest business activity did not prove decisive for thedollar. [ID:nN31399964]Investors are still looking for the ......
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| Forex investors see new president helping dollar |
| 2008-07-30 11:56:00 |
Currency investors are not particularly enamored with either of the two U.S. presidential candidates but they are more than ready for change after the U.S. dollar's 33.8 percent decline under President George W. Bush. Bush has presided over the worst drop in the dollar of any U.S. President since the developed world moved to flexible exchange rates in the early 1970's.And though analysts are not completely blaming Bush for the dollar's slump, they say neither Republican Senator John McCain or De......
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| China launches new forex transfer system |
| 2008-07-27 03:53:00 |
On Friday, China launched its inter-bank foreign currency payment system to smooth foreign exchange transfers on the Chinese mainland. But the People's Bank of China said the new system is limited to forex transfers for enterprises, and it doesn't cover across-the-board forex transfers. The multi-currency forex payment system covers eight currencies, including the euro, the Japanese yen, the HK dollar and the US dollar. It will shorten the forex transfer time and increase efficiency. The central......
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| India's forex reserves at $307.107 bn |
| 2008-07-25 14:09:00 |
MUMBAI: India's foreign exchange reserves fell to $307.107 billion as on July 18, from $308.520 billion a week earlier, the central bank said in its weekly statistical supplement on Friday. Reserves rose to a record $316.171 billion in late May and analysts say the decline since then is due to dollars given by the central bank to refiners in exchange for their oil bonds and intervention in the currency market to support a falling rupee.The central bank said foreign currency assets, expressed in ......
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| dollar slips amid persistent US bank worries |
| 2008-07-21 12:43:00 |
1. Dollar falls on continued worries about U.S. financials2. Sentiment toward dollar remains cautious3. Investors watching U.S. earnings, oil pricesJuly 21 - The dollar slipped on Monday, losing some of its recent momentum, after better-than-expected earnings from Bank of America failed to convince investors that the worst for the U.S. financial sector is over.The greenback had earlier gained against the yen and pared losses against the euro after Bank of America's second-quarter earnings beat ......
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| Inflation inches up to 11.91%, may force RBI to increase rates |
| 2008-07-18 11:50:00 |
I met RBI Governor Y V Reddy. Governor said there is still pressure on prices. I am in broad agreement with him," Chidambaram told reporters after a Cabinet meeting on Thursday. "So, if these monetary measures take effect, Governor expects some moderation (in inflation) over a period of time," he said.During the week ended 5th July, inflation moved up marginally by 0.02 percent to a 13-year high of 11.91 percent.In the comparable period last year, the rate of price rise was 4.61 percent.Food ite......
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| Falling rupee creates fresh losses on forex derivatives |
| 2008-07-17 13:06:00 |
India is staring at fresh losses on foreign exchange derivatives, thanks to the sudden, 7-per cent depreciation of the rupee in the quarter ended June 2008, with much of the fall coming in May.After HCL Technologies announced last week that it will suffer forex losses of $65-75 million for the quarter ended June 30, 2008, the last two days saw three companies taking a hit on forex derivatives. Thursday Bangalore-based biotech company Biocon saw its net profits decline by 72 per cent for the quar......
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| UPDATE 1-Japan forex reserves $1.002 trln at end-June |
| 2008-07-07 03:24:00 |
TOKYO, July 7 (Reuters) - Japan's foreign reserves hit $1.002trillion at the end of June, logging the first rise in threemonths thanks in part to investment returns and the euro's riseversus the dollar that inflated the value of euro-denominatedbonds in the stockpile, the Ministry of Finance said. [JPRES=ECI] Higher gold prices also helped lift Japan's reserves -- theworld's second largest after China's -- back above $1 trillion,but still shy of the record high of $1.016 trillion at the end ofMa......
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| FOREX-Dollar falls amid signs of softening labor market |
| 2008-07-02 14:43:00 |
Dollar falls on signs of weakness in labor markets * ADP report shows higher than expected job losses in U.S.* Markets anticipate ECB rate hike to 4.25 pct(Recasts, adds comments, changes byline)By Vivianne RodriguesNEW YORK, July 2 (Reuters) - The dollar fell against the euro on Wednesday after a report showed the U.S. private sector shed more jobs than expected in June, which may diminish the likelihood of a rate increase by the Federal Reserve.In contrast, investors bought the euro ahead of a......
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| Dollar marking time ahead of FOMC meeting |
| 2008-06-24 01:55:00 |
SYDNEY (Thomson Financial) - The U.S. dollar was mixed in midmorning trading in Sydney on Tuesday, marking time ahead of the start of the Federal Open Market Committee's two-day meeting starting later today.At 10:50 a.m. (0050 GMT) the dollar was at 107.98 yen from 107.83 yen in late New York tradeon Monday while the euro was at $1.5526 from $1.5514.The dollar gained against the euro overnight on expectations that the FOMC would put inflation higher up its list of worries when it issues a statem......
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| Forex reserves down $5 |
| 2008-06-22 13:56:00 |
The country’s foreign exchange (forex) reserves dipped by a whopping $4.96 billion in the week ended June 13, the steepest dip in over two-and-a-half years.Reserve Bank of India (RBI) has done in the forex market by selling dollars in a bid to keep the rupee from breaching the 43-mark against the dollar. Last time such a huge fall in reserves recorded was in December 2005, when there were huge redemption pressures on the central bank on account of the India Millennium Deposits (IMD) scheme of ......
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| US Dollar fall against the euro pound |
| 2008-06-20 08:04:00 |
On Friday dollar fell against the euro as new data showed German producer price inflation accelerating and investors awaited speeches by top European Central Bank officials. Euro bought $1.5547 in morning European trading, up from its level of $1.5499 in late ......
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| Here is a look at the upcoming week in Forex! |
| 2008-06-10 14:15:00 |
My range of expertise has extended from cycle analysis to dynamic structure trading of Stocks, Futures and the Forex markets. I have over 11 years of trading experience, and have worked with 100's of active screen and desk traders, floor traders, and prop trading firms. My specialty is in trading E-Mini Futures and the Forex with a system I call the "Dynamic Structure Trading Model." have over 12 years of hard nose experience in day and swing trading.......
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| FOREX-Dollar rattled by banking sector |
| 2008-06-09 14:12:00 |
The dollar fell broadly on Tuesday, rattled by signs that the U.S. financial sector, and thus probably the economy, is still far from out of the woods. The Wall Street Journal reported on Tuesday that U.S. investment bank Lehman Brothers (LEH.N: Quote, Profile, Research) may raise up to $4 billion in new capital, suggesting the firm could post its first quarterly loss since going public.The news added to risk aversion stoked during the previous session after Standard & Poor's cut its credit ......
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| Dollar falls as U.S |
| 2008-06-08 04:22:00 |
The dollar was pushed lower by news of dismal U.S. job creation, with the unemployment rate jumping by its largest amount in 22 years.5.5 percent from the 5.0 percent reported in April, sharply higher than the 5.1 percent rate expected by economists polled by Thomson Reuters IFR Markets, when it also rose 0.5 percentage points. The economy lost 49,000 jobs in May, a smaller loss than 60,000 decline expected from the payroll survey, but markets focused on the unemployment rate by selling off the ......
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| FOREX-Dollar cheered by Bernanke comments |
| 2008-06-07 14:11:00 |
The dollar advanced broadly on Tuesday after Federal Reserve Chairman Ben Bernanke warned about the inflationary impact of a weak currency, suggesting the central bank is not likely to cut interest rates further this year. In a speech before the International Monetary Conference Central Bankers' Panel in Barcelona, Bernanke said the Fed is carefully monitoring developments in the currency market.We are attentive to the implications of changes in the value of the dollar for inflation and inflatio......
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| China forex reserves |
| 2008-06-05 14:07:00 |
China’s foreign exchange reserves rose to $1.76 trillion at the end of April, state media reported yesterday, reaching a level higher than the rest of Northeast Asia’s combined. China’s reserves, by far the largest in the world, expanded by another $74.5bn during April, the China Business News reported, equivalent to about $100m every hour.It is possible that one day China’s forex reserves might even top those of all other Asian countries combined, according to Brian Mak, a Hong Kong-bas......
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| FOREX-Dollar edges up but recovery looks fragile |
| 2008-06-04 07:18:00 |
.Dollar gains as US jobless claims fall.Greenback still fragile as oil prices keep rising.High inflation, low growth raise US stagflation fearsThe dollar rose on Thursday, boosted by better-then-expected jobless claims data, but support remained fragile as record high oil prices stoked worries about the health of the U.S. economy.The U.S. currency got a modest boost against the euro and yen after data showed Americans filed fewer applications for first-time jobless benefits than expected in the ......
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| Diary of a Novice Forex Trader |
| 2008-06-03 07:06:00 |
Last week there were signs of a return to Dollar weakness, but the dip in crude oil prices has given a tentative bid to the greenback.Not everyone’s cup of tea, but Thatcher had more balls than any of her successors. And this latest bunch of ‘Britain’s got no talent’ try to make a virtue out of U-turns, saying that they’re always ready to listen. For starters that’s not government it’s appeasement. Secondly, this Country hasn’t got the finances for them to keep on ‘listening’......
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| Forex Technical Analysis - RCPL Forex |
| 2008-06-02 07:11:00 |
Euro: Euro breached the 1.5500 for the first time in 3 weeks as it tested the bids of 1.5485 on the back of increasing unemployment and deteriorating Eurozone consumer confidence. However later regained its losses and closed at 1.5511, the daily and 4-hrly stochastic are in the oversold region showing some buying pressure but upmove will be well contained at 1.5626 (100 & 21 4-hrly EMA & 38.2 % retracement ).(Eur/Usd-1.5537).Pound:Pound dipped down to a low of 1.9672 on the back of weak ......
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| Nigerian forex reserves |
| 2008-06-01 07:00:00 |
Nigerian foreign exchange reserves rose to a record high of $61.96 billion in mid-May from $60.81 billion at the end of April as world oil prices also hit record highs, the central bank said on Wednesday.Nigeria, the second biggest economy in sub-Saharan Africa, has seen its foreign exchange reserves grow consistently since 2005 due to rising global oil prices.The latest figure published on the bank's Web site did not state how many months of Nigerian imports the reserves could finance, but the ......
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| Forex reserves $2 billion |
| 2008-05-31 06:55:00 |
Foreign exchange reserves rose $2 billion during the week ended May 23, though the central bank sold dollars during the week to meet importers demand. According to the latest figures released by the Reserve Bank of India in its weekly statistical supplement (WSS), total foreign exchange reserves including gold and special drawing rights (SDR) rose $2,090 million during the week ended May 23. Almost the entire growth in reserves during the week has been on account of the growth in assets which we......
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| Rupee ends |
| 2008-05-26 14:12:00 |
The Indian rupee ended slightly cheaper at 42.72/73 against the greenback on Monday on month-end dollar demand by oil companies, amid continued weakness in Asian stocks. Local currency fluctuated in a wide range of 42.7950 and 42.53 during the day after resuming weak at 42.7900/7950 a dollar from its last close of 42.71/72 a dollar. Dealers said the rupee attempted a smart rally and touched the day's high of 42.53 in early trade due to heavy dollar selling by foreign banks. Global crude oil was ......
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