ForexGen Guide

Swiss Economy Shows Signs Of Contracting, Oil Rises On Middle East Violence

Mon, 29 Dec 2008 23:25:13 GMT

Fundamental Headlines • Israelis Launch More Attacks – Wall Street Journal • Weaker Dollar Worries Japan, Germany - Wall Street Journal • Europeans see euro trumping dollar – Financial Times • Crude Oil Rises After Israeli Attacks on Gaza Roil Middle East – Bloomberg • U.S. Corporate Profits Probably Fell for Sixth-Straight Quarter – Bloomberg• EURUSD... [read more]

Federal Judges Call For Higher Pay

Sun, 28 Dec 2008 22:34:16 GMT

Federal judges say their pay falling farther behind peers in legal profession Earlier this year, Martin Jenkins took what looked like a step down the career ladder. Jenkins traded his lifetime appointment as a federal trial judge for a seat on a California state appeals court. In his new job, Jenkins must periodically face the voters, but he reaped one immediate benefit -- a 20 percent... [read more]

Amid Gloom, Russian Reserves Post Record Rise

Thu, 25 Dec 2008 23:36:00 GMT

Russia's gold and foreign exchange reserves rose by a record $15.4 billion in the latest week thanks to a stronger euro and a rise in commercial banks' foreign currency deposits. The reserves, the world's third largest, rose to $450.8 billion on December 19 from $435.4 billion in the previous week, central bank data showed, even though the central bank spent an estimated $7 billion to support the... [read more]

US Dollar Mixed in Europe

Wed, 24 Dec 2008 22:05:39 GMT

US dollar mixed, gold down in European morning trading The U.S. dollar was mixed against other major currencies in European trading Wednesday morning. Gold fell. The euro traded at $1.3980, up from $1.3963 late Tuesday in New York. Other dollar rates: --90.46 Japanese yen, up from 90.38 --1.0805 Swiss francs, down from 1.0848 --1.2134 Canadian dollars, down from 1.2188 The... [read more]

Australian Dollar Technical Outlook

Tue, 23 Dec 2008 23:38:10 GMT

Our Australian Dollar outlook remains unchanged on almost-exactly flat AUD/USD price action. “The Australian dollar has shown clear difficulty in clearing psychologically significant support at 0.7000 against the US Dollar, which likewise represents the 38.2 percent Fibonacci retracement of the 0.8520-0.6010 decline. Inability to clear said resistance mark would definitively suggest that... [read more]

Steelcase Sees 4th-Quarter Loss in Tough Economy

Mon, 22 Dec 2008 22:45:19 GMT

Steelcase predicts 4th-quarter loss, weaker-than-expected sales in tough economy Steelcase Inc. on Monday forecast a fourth-quarter loss and softer-than-expected revenue, hurt by restructuring costs and higher commodity costs for the office furniture maker.Steelcase expects a fourth-quarter loss between 4 cents and a loss of 10 cents per share, including $9 million in restructuring costs, and... [read more]

Canada Offers $3.29 Billion Auto Bailout

Mon, 22 Dec 2008 00:19:00 GMT

Canada offers $3.29 billion bailout to Canadian subsidiaries of US automakersThe federal and Ontario governments will provide the Canadian subsidiaries of the Detroit Three automakers with 4 billion Canadian dollars ($3.29 billion) in emergency loans, the prime minister said Saturday.The announcement follows a pledge Friday by U.S. President George W. Bush to offer $17.4 billion in emergency loans... [read more]

Euro And Swiss Franc Technical Outlook

Fri, 19 Dec 2008 00:44:00 GMT

Swiss Franc Technical OutlookThe USDCHF nearly dropped below 1.04 this morning. Potential trendline support drawn off of the March and July lows may provide the demand needed to inspire a rally / consolidation.BB difference has exceeded the level that was reached at the height of the early 2008 decline that saw the USDCHF plummet below 1. The implications are that the decline is stretched and that... [read more]

Risks By The Foreign Exchange On Forex

Wed, 17 Dec 2008 22:19:00 GMT

As it was mentioned above the trading on the Forex is essentially risk-bearing. By the evaluation of the grade of a possible risk accounted should be the following kinds of it: exchange rate risk, interest rate risk, and credit risk, country risk.Exchange rate risk. Exchange rate risk is the effect of the continuous shift in the worldwide market supply and demand balance on an outstanding foreign... [read more]

Dollar Dips Versus Euro in Late Trading

Tue, 16 Dec 2008 21:27:05 GMT

Dollar falls slightly against the euro in trading late Monday night The dollar dipped against the euro late Monday night in New York. The 15-nation currency traded at $1.3704, up slightly from $1.3665 in late afternoon trading on Monday.On Friday afternoon, the euro fetched $1.3371.[ForexGen Demo Account]ForexGen provides its traders with a free Forex demo account where the trader is allowed to participate... [read more]