Forex Brands And Operations

SKorea Economy May Further Slow Down in 2009

Mon, 29 Dec 2008 23:40:33 GMT

South Korea's president says economy may further slow down in 1st half of 2009 South Korea's president said Saturday the country's economy may shrink in the first half of next year due to fallout from the global financial crisis.President Lee Myung-bak said the economy could hit the bottom in the first six months next year but South Korea may attain economic growth for 2009 on an annual basis... [read more]

Forex Traders Remain Net Long the US Dollar vs Japanese Yen

Sun, 28 Dec 2008 23:07:21 GMT

USD/JPY Ratio: 1.22 Trading Forecast: Bearish USDJPY – The ratio of long to short positions in the USDJPY stands at 1.22 as nearly 55% of traders are long. Yesterday, the ratio was at 1.36 as 58% of open positions were long. In detail, long positions are 2.5% higher than yesterday and 21.6% weaker since last week. Short positions are 14.7% higher than yesterday and 42.8%... [read more]

China to Let Yuan be Used in Some Export Deals

Fri, 26 Dec 2008 00:41:34 GMT

China seeks to boost exports by allowing yuan to be used in some foreign trade transactions China will launch a pilot project allowing its currency to be used in some international trade transactions, the government announced, a move aimed at shoring up the country's battered exporters. The program would permit use of the yuan in trade between the self-governed Chinese territories of Hong... [read more]

Risk Trends to Hold AUDUSD in Wide Range Ahead of 2009

Wed, 24 Dec 2008 23:13:15 GMT

With volume steadily falling ahead of the Christmas holiday, the lack of momentum behind previous trends should hold the AUDUSD within range over the near-term. Moreover, as investors remain risk adverse, the odds for an Australian dollar rally are negligible as global equity prices fall lower. Why Would AUDUSD Hold a Range? ·Levels to Watch: -Range Top: 0.7050 (Fib, Swing High)... [read more]

Euro Flat Against Dollar at $1.3961

Tue, 23 Dec 2008 22:20:31 GMT

Euro gains only marginally on dollar to $1.3961 after grim news from Toyota, Walgreen Co. The euro held mostly flat against the dollar Tuesday in light holiday trading a day after grim announcements by Toyota Motor Corp. and Walgreen Co. helped it regain ground lost late last week. The 15-nation euro bought $1.3961, up just marginally from $1.3958 late Monday in New York. Drug store operator... [read more]

Colombia Reports GDP Growth 3.1% For 3rd Quarter

Mon, 22 Dec 2008 23:59:35 GMT

Colombia reports GDP growth 3.1% for 3rd quarter as once-torrid economy cools Colombia's national statistics agency says the pace of growth is slowing, with third quarter GDP growth counted at 3.1 percent above the same period a year earlier.Monday's report shows a mere 0.7 percent rise in gross domestic product between the second and third quarters of the year.Quarterly year to year growth rates... [read more]

Obama's Inauguration Comes With High Costs

Mon, 22 Dec 2008 00:46:30 GMT

When President-elect Barack Obama takes the oath of office next month, the nation's capital will be the site of a massive celebration. But local officials are worried they might get stuck with the check.Even for a city used to big crowds, Obama's inauguration promises to shatter records for attendance. City officials predict up to 2.5 million people will converge on the capital on January 20,... [read more]

Yen And British Pound Technical Outlook

Fri, 19 Dec 2008 01:39:39 GMT

British Pound Technical OutlookI issued an alert yesterday in the Forex Alerts section, mentioning that “the GBPUSD is vulnerable to a drop below 1.5239 in an ongoing correction. Potential support is at the 61.8% Fibonacci of 1.4812-1.5728 at 1.5162…shorter term minded traders may wish to lighten up on longs at this point given the potential for a 300 pip drop from the current juncture.”This pattern... [read more]

Trade Systems On Forex

Wed, 17 Dec 2008 23:18:45 GMT

Trading with brokers. Forex brokers, unlike equity brokers, do not take positions for themselves; they only service banks. Their roles are to bring together buyers and sellers in the market, to optimize the price they show to their customers and quickly, accurately, and faithfully executing the traders' orders.The majority of the foreign exchange brokers execute business via phone using an open... [read more]

Dollar Lower vs Pound in Late Trading

Tue, 16 Dec 2008 22:03:34 GMT

Dollar gives back some gains against the British pound in trading late Monday The dollar fell against the pound in late New York trading Monday night. The pound rose to $1.5303 from $1.5253 in late afternoon trading on Monday. On Friday afternoon, the pound was worth $1.4969. [ForexGen Services] Client Services [Customer Support] [Trading Support] [ForexGen Partnership] ForexGen... [read more]