Section news "Forex"

Yen Against Dollar: 9-Month Maximum is Reached

Mon, 27 Feb 2012 15:32:00 -0500

Forex news, rate of Japanese yen. This morning currency trade has shown that euro is strongly supported by European politicians, who have finally made decisions that are encouraging for investors. Even mild decline against US dollar failed to undermine the belief of market players into the "bright future" of European currency, as informed by Internet portal "Market Leader".

Saving RBC from Bankruptcy Brings Pound Rate Higher

Mon, 27 Feb 2012 06:10:00 -0500

Forex news, pound rate. The income of British second largest bank, namely, Royal Bank of Scotland Group PLC (RBS), has dropped to ₤5.92 bln., from ₤7.14 bln., in other words, by 17%. Basic operating income has dropped by 36% (to ₤1.06 bln., from ₤1.67 bln.), and operating costs have dropped to ₤3.33 bln., in other words, by 7.5%.

Credit Agricole: Yen Rate Waiting for Consolidation

Mon, 27 Feb 2012 05:34:00 -0500

Forex news, yen rate. Yield of American government bonds has a strong impact on Japanese yen. Stagnation of the yield may keep yen from further decline. Despite this, Japanese exporters keep selling national currency, at the same time lowering it against US dollar to the minimal point for the last 7 months.

Gold And Silver: Daily Outlook. Feb 27th 2012

Mon, 27 Feb 2012 04:51:00 -0500

Over the weekend the G20 finance ministers and central bank governors offered the EU to expand their stabilization funds prior to asking the G20 for external financial support. This increases the pressure on Germany because it is the eurozone’s biggest donor (both for the EFSF and the ESM).

AUDUSD: RBA’s Activity Supports Australian Dollar

Mon, 27 Feb 2012 04:12:00 -0500

According to Glen Stevens, a representative of the Reserve bank of Australia, the central bank’s current monetary policy corresponds to the present-day economic conditions. This statement seems to have triggered a wave of purchases in the market of AUDUSD as investors assume that the RBA is not going to lower the interest rates in the near future.

Euro Rate: Mid-term Bullish Trend Proved

Mon, 27 Feb 2012 04:12:00 -0500

Forex news. Last week has proved mid-term bullish trend of EURUSD currency pair at FOREX market by quitting the correctional flat of h4 wave level with a strong impulse of corresponding wave "С", which keeps being formed. The timeframe shows that there may be a pause in the rise, which will be represented by local correctional pullback at the level of sub-waves.

USDCHF: Swiss Franc Strengthens

Mon, 27 Feb 2012 03:59:00 -0500

The strengthening of the Swiss currency and the global economic instability seem to have affected Switzerland’s corporate sector, this increasing bankruptcy inside it by 21% (y/y). This year there have been 336 precedents.

EURUSD: G20 Meeting

Mon, 27 Feb 2012 03:35:00 -0500

The G20 finance ministers and central bank governors met in Mexico during the weekend to discuss ways of further economic cooperation. The eurozone debt crisis made them think about allocating extra funds for the IMF.