Clear Traders Blog

Forex News Links – 21 January, 2010

admin — Fri, 22 Jan 2010 08:32:42 +0000

CORRECT: WORLD FOREX: Dollar Rallies Amid Worries About Global Economy
Wall Street Journal
(”=WORLD FOREX: Dollar Rallies Amid Worries About Global Economy,” at 8:17 am EST and a previous WORLD FOREX story at 5:30 am EST GMT, misstated China’s …

FOREX: IBTimesFX.com Global Forex Traders Conference To Be Held in New York …
PR Newswire (press release)
21 /PRNewswire/ — IBTimesFX.com has partnered with ForexTV.com to present the Global Forex Conference 2010 in NYC. The first in a series of Global Forex …

FOREX VIEW: Canada Dollar Weakness Creates Buying Opportunity
Wall Street Journal
By Don Curren A DOW JONES NEWSWIRES COLUMN TORONTO (Dow Jones)–Wednesday’s spate of weakness in the Canadian dollar should likely be considered a buying …

Australian RBA Sold A$946M In Forex Mkt In December
Wall Street Journal
SYDNEY (Dow Jones)–Reserve Bank of Australia sold a net A$946 million in the spot foreign exchange market in December, figures issued by the central bank …

Brazil Central Bank President Watchful Of Forex ‘Bubbles’
Wall Street Journal
SAO PAULO (Dow Jones)–Brazil’s central bank is monitoring the nation’s foreign exchange market carefully for evidence of any “bubbles or distortions,” but …

Daily Forex Overview
Forex Hound
See the ECONOMIC CALENDAR for a complete list of upcoming forex market events. Also check the forex forum for up-to-date market developments and technical …

CFTC Reform and the Death of Retail Forex
Seeking Alpha (blog)
Slithering along in the proposed rule bin is a nasty little ditty from the CFTC that will fundamentally change how retail FX (forex) business is conducted …

More On Forex Trading And Brokerages
istockAnalyst.com (press release)
This is the inherent screw job in OTC derivative contracts – OTC Forex – or OTC anything. The lack of a regulated, public exchange where you as a customer …

Forex: Dollar Index Moves Higher
TheStreet.com
By TheLFB-Forex.com 01/20/10 – 04:37 PM EST NEW YORK (TheStreet) — The declining equity market was fully reflected in the value of the dollar index in …

Forex News Links – 19 January, 2010

admin — Tue, 19 Jan 2010 20:30:08 +0000

China Forex Regulator: Some Speculative Funds Have Entered China
Wall Street Journal
The regulator sought to allay concerns speculative funds had led forex reserves to grow US$453 billion in 2009, saying it would be wrong to regard the gains …

WORLD FOREX: Dollar Down On Speculation US Earnings To Be Weak
Wall Street Journal
By Tomoyuki Tachikawa Of DOW JONES NEWSWIRES TOKYO (Dow Jones)–The dollar fell to a one-month low against the yen in Asia Tuesday on speculation that US …

FOREX-Euro hits 4-month low vs pound, Aussie retreats
Reuters
“The latest move reflects China’s strong intention to rein in real estate bubbles,” said Hideki Amikura, deputy general manager of the forex section at …

FOREX-Dollar extends gains vs euro after TICs data
Reuters
NEW YORK, Jan 19 (Reuters) – The dollar extended gains against the euro on Tuesday after US Treasury data showed a rebound in net capital inflows into the …

FOREX-Euro falls broadly; sterling up on Cadbury deal
Reuters India
By Steven C. Johnson NEW YORK, Jan 19 (Reuters) – The euro fell broadly on Tuesday as German investor sentiment soured while persistent worries about …

Central bank to discontinue CHF forex swaps.
ISI – Emerging Markets
The National Bank of Hungary (NBH) would stop offering EUR/CHF swaps with a seven-days maturity, the bank announced. It explained that the decision was …

Daily Forex Overview
Forex Hound
12:00 GMT- Jan 18 (global-view.com) In spite of the US holiday today, forex markets are fairly active. No major data have been released. …

FOREX: US Dollar, Japanese Yen decline in holiday trading.
CountingPips
By CountingPips.com The US dollar and Japanese yen have fallen lower today in the forex markets on the US federal holiday celebrating Martin Luther King Jr. …

Forex News Links – 18 January, 2010

admin — Tue, 19 Jan 2010 00:42:26 +0000

WORLD FOREX: Pound Up On Expected Merger-And-Acquisition Flows
Wall Street Journal
By Don Curren Of DOW JONES NEWSWIRES TORONTO (Dow Jones)–The pound has gained on expectations of positive merger-and-acquisition flows Monday morning while …

FOREX-Euro under pressure, sterling gains in thin trade
Reuters
By Tamawa Desai LONDON, Jan 18 (Reuters) – The euro hit a four-month low against a broadly firmer pound on Monday, under pressure in subdued trade with US …

Forex: AUD/USD -25 pips
Forexrazor
… AUD/USD at 0.9170 (low tested earlier), and for NZD/USD, take 0.7330 (intraday low) and after that 0.7300. For more information, read our latest forex news.

FOREX-Dollar, yen dip in subdued trade, sterling gains
Reuters
By Satomi Noguchi TOKYO, Jan 18 (Reuters) – The dollar and yen dipped in subdued Asian trade on Monday, giving up earlier gains as investors hesitated to …

ECB To Discontinue Swiss Franc Forex Swaps
RTT News
(RTTNews) – Monday, the Governing Council of the European Central Bank decided to stop conducting one-week Swiss franc liquidity-providing swap operations …

Vietnam’s Central Bank Slashes Forex Reserve Requirement
RTT News
(RTTNews) – Monday, the State Bank of Vietnam said it will permit banks to maintain the reserves on foreign currency deposits with terms of less than 12 …

Forex: FxSpyder LLC Rolls Out Its ‘Free Forex Robots’ Program
24-7PressRelease.com (press release)
FxSpyder LLC announced today that it is now offering a free forex robots program, one that provides traders unrestricted access to a small but growing …

Forex Trading Technical Report, MarketVision’s ProSticks Ichimoku:
ForexTV.com
Daily resumed bearish trend in line with bearish weekly pattern. Daily and weekly trading range are in line between 1.4310-1.4510. …

The Welles Wilder(R) FOREX Software Just Got Better
PressReleaseNetwork.com (press release)
17 Jan 2010 07:19 GMT – / EIN Presswire / Besides the Largest Forex Broker in the World, FXCM, the WilderFX_EA adds Support for Three More Forex Brokers. …

CTSForex.com 2009 Automated Forex Trading Results: Total Gain Of +13968 Pips …
BigNews.biz (press release)
Vancouver, BC, Canada – January 15, 2010 — After ten months of live trading using five automated Forex trading systems, CTSForex.com is pleased to announce …

CB stops forex outflow amid political uproar
Sunday Times.lk
By Faizal Samath The Central Bank (CB) has put on hold plans to relax foreign exchange controls including allowing Sri Lankans to freely open accounts …

Slow Year For Currency Funds
istockAnalyst.com (press release)
Year during which USD has strong gains would show a rise of the Index, but it wouldn’t be a good representation of total Forex activity. …

China forex reserves hit record $2.4 trillion
Business Standard
In comparison, India’s forex reserves jumped $741 million to $284.26 billion during the week ended January 8, according to the Reserve Bank of India. …

Weekly Treasury Update
Gulf Times
However there was a turnaround in financial market risk sentiment later in the week, which showed that forex traders were not prepared to push the dollar …

Aurobindo Pharma: Buy
Hindu Business Line
… a consolidated net profit of Rs 103 crore as against the loss of Rs 38.5 crore incurred in the corresponding quarter last year (due to forex losses). …

WORLD FOREX: Dollar, Yen Stronger As Investors Seek Safety
Wall Street Journal
By Bradley Davis Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)– The dollar and yen gained strongly against their major rivals Friday as investors concerned …

Forex Markets to Face Inflation Reports, Rate Decision by Bank of Canada
Daily FX
Inflation reports will dominate the forex markets this week, as the UK, Canada, and New Zealand will all release their latest CPI results. …

Forex: USD/CHF ends week on a strong note
Forexrazor
EUR/CHF failed to break above 1.4800 on Wednesday and then pulled back to 1.4745. For more information, read our latest forex news.

FOREX: Ringgit Likely To Trade Rangebound
Bernama
KUALA LUMPUR, Jan 16 (Bernama) — The ringgit is expected to trade between 3.33 and 3.35 to the US dollar next week amid investors’ concern over the US …

China’s forex reserves surge to fresh record
Sydney Morning Herald
China’s foreign-exchange reserves surged to a record level in December and new loans exceeded forecasts, raising the stakes in Premier Wen Jiabao’s campaign …

FOREX: Dollar makes strong gains on Friday to finish the week mixed.
CountingPips
By CountingPips.com The US dollar and Japanese yen surged higher in forex trading against most of the other major currencies on Friday as risk aversion …

Japanese Yen May Benefit from Disappointing US Bank Earnings
Daily FX
… and regardless of whether they are greater than or lower than expectations, equity, bond, and forex markets alike are sure to respond accordingly. …

Forex reserves rise by $741 million
Hindu Business Line
In the previous week ended January 1, forex reserves had nudged up marginally by $22 million. Since March-end 2009, India’s forex reserves have surged by …

WORLD FOREX: Dollar Rises As Investors Seek Safe-Haven Assets
Wall Street Journal
… to resign is a reflection of the euro’s vulnerability at present,” Jane Foley, research director at Forex.com in London, wrote in a note to clients. …

FOREX-Dollar edges higher versus euro after US data
Reuters
NEW YORK, Jan 15 (Reuters) – The dollar edged higher versus the euro on Friday after data showed US consumer prices rose more slowly than expected in …

Benzinga Daily Forex Overview: Are China’s Forex Reserves Growing To Infinity?
Benzinga
China’s forex reserves have ballooned in recent years, fuelled by strong foreign investment, large trade surpluses and inflows of “hot money” – short-term …

How to Use the Forex Market to Profit from Your Outlook on Commodities
Daily FX
While that’s fine, the Forex market allows you to do the same thing with greater liquidity and buying power, which permits you to take larger positions, …

Forex: EUR/USD Breaks below range to test 1.4405 week low
Forexrazor
Support levels at the moment lie at 0.8740 and 0.8700. On the upside, resistance levels are 0.8840 and 0.8885. For more information, read our latest forex …

China’s Forex Reserves Jump 23% To Record High
Benzinga
The People’s Bank of China has announced that China’s forex reserves surged to a record $2.399 trillion by the end of December 2009. …

A retail retreat into red for Dec.
New York Post
asked Boris Schlossberg of GFT Forex in New York. “If the consumer is unable to do that, it’s going to pose some significant risks to the recovery story. …

India’s Forex Reserves Increase
RTT News
(RTTNews) – India’s foreign exchange reserves increased to US$284.262 billion as on January 8 from US$283.521 billion as on January 1, the Reserve Bank of …

Forex News Links – 13 January, 2010

admin — Thu, 14 Jan 2010 07:25:44 +0000

WORLD FOREX: Pound Leads Charge Against Retreating Dollar
Wall Street Journal
By Don Curren OF DOW JONES NEWSWIRES TORONTO (Dow Jones)–The British pound is leading the charge against the retreating US dollar Wednesday as investors …

FOREX-Dollar steadies, yen falls after China moves
Reuters
“Speculation that China will continue to remove some of its measures will keep the forex market on its toes. No doubt sentiment will swing between risk …

FOREX-Euro, commodity currencies rebound, yen slips
Reuters
By Vivianne Rodrigues NEW YORK, Jan 13 (Reuters) – The euro hit a one-month high against the dollar on Wednesday while higher-yielding currencies rebounded …

Forex: GBP/USD pushes higher, approaching 1.6300 area
Forexrazor
If we move lower from here watch 1.6168 – 1.6127 area for the reversal zone.” For more information, read our latest forex news.

The Daily Forex View
Forex Hound
We take the wishes of Japanese officials seriously in forex because they usually get what they want over time. They have considerable financial resources at …

Forex Alert: Beware the Coming Greek Deficit Plan
Seeking Alpha (blog)
Even those not interested or involved in currency trading need to be aware of some potentially very market moving events likely to hit all asset markets …

NBU reports forex reserve drop of 2.9% in December, continuing trend
Ukrainian Journal (subscription)
11 – Forex reserves of the National Bank of Ukraine in December 2009 dropped by 2.9%, or $786 million, to $26.505 billion, according to a Wednesday posting …

US Trade deficit increases in November. Dollar mixed in Forex Trading.
CountingPips
The US dollar has been mixed in forex trading today against the other major currencies. The dollar has gained today versus the Canadian dollar, …

Forex News Links – 12 January, 2010

admin — Thu, 14 Jan 2010 07:22:50 +0000

WORLD FOREX lr Up Vs Yen,Euro On China Sovereign Fund Remark
Wall Street Journal
… chance of the Fed’s exiting its easy monetary policy is low,” said Masanobu Ishikawa, general manager of foreign exchange at Tokyo Forex & Ueda Harlow. …

EU trade chief-designate presses China over forex
Reuters
BRUSSELS, Jan 12 (Reuters) – China must tackle currency misalignment, the European Union’s trade commissioner-designate said on Tuesday, adding pressure on …

RPT-Japan’s Kan agrees with US on need for stable forex
Reuters
TOKYO, Jan 12 (Reuters) – Japanese Finance Minister Naoto Kan agreed with US Treasury Secretary Timothy Geithner that currency market stability was …

FOREX-Dollar subdued near lows, high-yielders firm
Reuters
SYDNEY, Jan 12 (Reuters) – The dollar was on the defensive on Tuesday, hovering near three-week lows on a basket of currencies, while buoyant investor …

Argentina Court Keeps Freeze On Central Bank Forex Funds -TV
Wall Street Journal
BUENOS AIRES (Dow Jones)–An Argentine court extended the temporary suspension of two presidential decrees Monday, local television channel TN reported. …

Daily Briefings
Daily FX
You can find this section by first clicking on the “Forex Market News” button at the top of DailyFX and then clicking on the “Daily Briefings”. …

Daily Forex Overview
Forex Hound
Check on the forex forum for up-to-date market developments and trading ideas. Also see the ECONOMIC CALENDAR for upcoming forex market events. …

Forex News Links – 11 January, 2009

admin — Mon, 11 Jan 2010 23:31:41 +0000

SNB Still Prepared To Intervene In Forex Markets
Wall Street Journal
By Martin Gelnar ZURICH (Dow Jones)–The Swiss National Bank, faced with a recent rise in the Swiss franc, Monday renewed its pledge to prevent any …

Japan Govt Official: Geithner, Kan Agreed Forex Stability Desirable
Wall Street Journal
TOKYO (Dow Jones)–In a telephone conversation Monday, newly installed Finance Minister Naoto Kan and US Treasury Secretary Timothy Geithner agreed that …

USD Graphic Rewind
Daily FX
US Europe Eurozone employment up higher lower crude oil DailyFX provides forex news on the economic reports and political events that influence the currency …

FOREX: Ringgit Closes Sharply Higher Against US Dollar
Bernama
KUALA LUMPUR, Jan 11 (Bernama) — The ringgit closed sharply higher against the US dollar as the greenback eased on its attraction globally on expectations …

Benzinga Daily Forex Overview: Malaysia’s Disastrous Capital Flight
Benzinga
Money leaves Malasyia on an unprecedented scale. Take a look at the nation’s foreign exchange reserves. They fell by close to 25 percent during 2009 …

U.S. dollar down on Taipei FOREX
eTaiwan News (blog)
Taipei, Jan. 11 (CNA) The US dollar fell against the Taiwan dollar on the Taipei Foreign Exchange Monday, dropping NT$0.1 to close at NT$31.78, …

Forex: Dollar On Defense Amid Increased Risk Appetite
ForexTV.com
(RTTNews) – The dollar came under pressure Moday morning in New York as stocks on Wall Street were poised to rise, fueling increased interest in riskier and …

Forexpros.com Daily Analysis – 11/01/2010
International Business Times
During this session, we will apply what we learned during session one to the world of active short term trading in the Forex markets. …

Forex News Links – 10 January, 2010

admin — Mon, 11 Jan 2010 00:10:36 +0000

WisdomTree international ETF offers forex hedge
InvestmentNews
By David Hoffman WisdomTree Investments Inc. last week launched an exchange-traded fund for investors who want to maintain exposure to international stocks …

Gold, forex reserves dip
Times LIVE
South Africa’s net gold and foreign exchange reserves fell in ecember because of a stronger dollar and lower gold prices, official data showed on Friday. …

Govt finds novelty while checking suspicious transactions
Hindu Business Line
NEW DELHI: A sudden deposit of Rs 14 crore in a dormant account and a public listed firm purchasing Rs 1.63 crore forex to arrange a business trip abroad is …

Varying Your Strategies is a Good Idea
Forex Flash
When it comes choosing which Forex trading strategies you are going to use as your own you are going to be bombarded with advice and suggestions from those …

CB forex relaxation hailed by stock market
Sunday Times.lk
By Duruthu Edirimuni Chandrasekera The Central Bank’s (CB) move to allow Sri Lankans to open and maintain accounts with banks abroad and invest in equity or …

Relaxing forex controls good for business
Sunday Times.lk
By Natasha Gunaratne The Central Bank’s (CB) decision to relax controls on foreign exchange transactions, which has been praised in many quarters, …

Change in Qatar forex rate regime ‘unlikely’
Gulf Times
By Pratap John/Chief Business Reporter A change in Qatar’s exchange rate regime is very unlikely in 2010–2011, Samba Financial Group has said in a report. …

Analyst’s Pick: SMALL CAP: ICICI Securities
Economic Times
… 2500 crore aided by recent order wins in the Middle East, concerns remain on profitability due to higher interest costs and unending realised forex losses.

Varengold Bank FX presents seminar on using Consumer Confidence and Consumer …
istockAnalyst.com (press release)
… next to support Varengold’s own risk management. Today, over 7000 clients worldwide make use of these services for trading futures, options and forex.

Non-dollar currency systems may cause more instability: WB paper
Economic Times
“At the same time, major central banks should shallow their reservations and agree to more active and coordinated intervention in forex markets,” the paper …

Forex News Links – 8 January, 2010

admin — Sat, 09 Jan 2010 02:36:55 +0000

Japan PM says forex rates should move stably
Reuters
TOKYO, Jan 8 (Reuters) – Japanese Prime Minister Yukio Hatoyama said on Friday that foreign exchange rates should move stably because rapid fluctuations …

China End-2009 Forex Reserves May Top $2.4 Tln – Report
Wall Street Journal
China’s forex reserves, the world’s largest, reached $2.27 trillion at the end of September, with the majority of the assets denominated in US dollars.

Daily Forex View
Forex Hound
Check on the forex forum to see the outcome of those two items. Also see the ECONOMIC CALENDAR for upcoming forex market events. EUR/USD is now easier. …

China’s forex reserves may exceed US$2.4 trln in 2009: report
China Knowledge Online
Jan. 8, 2010 (China Knowledge) – China’s foreign exchange reserves may exceed US$2.4 trillion at the end of last year, the Shanghai Securities News reported …

Poor NFP Shapes Forex Landscape
Benzinga
The US Change in Non-Farm Payrolls has just been announced posting a surprising drop of 85k. In addition, these figures were made worse because they …

Forex Connect: Equities Rely On Bullish Jobs
Forex Pros
US Equity markets are trading flat ahead of this morning’s jobs report, says Brewer Futures Group. Catch Brewer Futures, and TheLFB trade team on ForexTV …

Daily Forex Forecast Jan 8
International Business Times Australia
By Ozforex.com.au :: Australian Dollar: The Australian Dollar opens lower on Friday at 0.9180 after a stronger greenback overnight weighed on the …

Forex News Links – 7 January, 2010

admin — Thu, 07 Jan 2010 21:43:58 +0000

FOREX-Japan finance minister comments knock yen
Reuters
By Naomi Tajitsu LONDON, Jan 7 (Reuters) – The yen fell against the dollar and other currencies on Thursday after Japan’s new finance minister said he …

French Fin Min: Forex Imbalances Should Be Addressed
Wall Street Journal
PARIS (Dow Jones)–French Finance Minister Christine Lagarde Thursday called for improved international cooperation to address balance of payment and …

France’s Sarkozy: Forex Disorder Has Became “Unacceptable”
Wall Street Journal
PARIS (Dow Jones)–French President Nicolas Sarkozy said Thursday that the turbulence in foreign-exchange markets can’t be tolerated. …

PRESS RELEASE: HK End-December Forex Reserves US$255.8 Bln
Wall Street Journal
The Hong Kong Monetary Authority announced today (January 7) that the official foreign currency reserve assets of Hong Kong amounted to US$255.8 billion at …

RP’s forex reserves climb to new record in 2009
GMA news.tv
The country’s gross international reserves (GIR) rose to a record $45 billion at the end of last year mainly due to higher dollar inflows, …

Daily Forex Overview
Forex Hound
Key now is what role the USD will be playing in forex trading. Service PMIs out of Europe were mostly constructive while the US Service PMI just barely …

US Dollar Forecast Turns Short-Term Bearish on Sentiment Extremes
Daily FX
Forex options and futures market sentiment has shifted substantially through the year-end US Dollar reversal, and clear USD-bullish extremes suggest gains …

Forex News Links – 6 January, 2010

admin — Thu, 07 Jan 2010 21:41:38 +0000

FOREX-Yen falls as FinMin resigns; euro trims losses
Reuters
By Jessica Mortimer LONDON, Jan 6 (Reuters) – The yen fell against the dollar on Wednesday after Japan’s finance minister Hirohisa Fujii’s resignation was …

FOREX-Euro falls vs dlr on ECB’s Stark; US data eyed
Reuters
By Jessica Mortimer LONDON, Jan 6 (Reuters) – The euro fell against the dollar on Wednesday after European Central Bank executive board member Juergen Stark …

China Regulator: To Continue To Ensure Safety Of Forex Reserves
Wall Street Journal
BEIJING (Dow Jones)–China’s foreign exchange regulator said Wednesday it will continue to ensure the safety and protect the value of the country’s foreign …

Forex settlement volumes fall in December -CLS
Reuters
LONDON, Jan 6 (Reuters) – The average number of daily foreign exchange payment instructions edged down in December, data from FX settlement system CLS Bank …

France Sarkozy:Forex Imbalances Dent Euro-Zone Competitiveness
Wall Street Journal
PARIS (Dow Jones)–French President Nicolas Sarkozy said Wednesday that a strong currency is denting the competitiveness of the euro zone, …

Canada plans euro bond to diversify forex reserves
Reuters
By Jennifer Kwan and Louise Egan TORONTO/OTTAWA, Jan 5 (Reuters) – Canada said on Tuesday it plans to issue a euro benchmark bond, its second foreign bond …

CME Volume Rose 13% in December; Interest Rates, Forex Surge
Barron’s (blog)
By Tiernan Ray The CME Group (CME), the old Chicago Merc, is down 48 cents, a fraction of a percent, at $341.93 after the firm this morning reported its …