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Posts Tagged ‘down’

Forex down $3.4 bn, gold reserves remain steady
The country’s foreign exchange reserves have shown a drastic drop by $3.4 billion to $276.2 billion in the week ended May 7, 2010. While foreign currency assets fell $3.3 billion to $251.5 billion, gold reserves remained unchanged at $18.5 billion.

Read more on Express India

FOREX-Yen eases as risk-taking resumes; euro down
* Euro pressured on concerns about Greek aid

Read more on Reuters via Yahoo! Singapore News

FOREX-Weak U.S. consumer confidence sends dollar down vs yen
* Dollar accelerates gains against the euro

Read more on Reuters via Yahoo! Singapore News

This week is a strange and yet interesting week in the Forex. The volume is incredibly easy because of the summer festivals in the U.S. and Canada and Western Europe, however, end the flow of data and information has not put stop. We have seen officials declared the recession is over, and are only a few hours later, a piece of data that violate this idea. And we have always seen the dollar bounced around. September in the stock market is to record, normally the worst month, with an average loss of 3% each year since 1929. While October is the “crash-month” only (in the last year the market fell 13% in October), the violations are few and far between – so September is the hard months. One reason is that people come back from vacation and go their investments in the market Gage and see what happened – how a portfolio restructuring agents to define. In currency trading as it is different: a down market usually means a stronger currency, and although it works, most of this year, 2009, are not we seeing this trend. Concerns that investors will now be better not only about the company next year or not, which is ready for a break, which is a concern based on the governmental activities, and touches on the relationship of the Forex, Stocks. Currency is a real indicator started as an economically strong country, traders through to their stocks too. Which company is most affected by the government of any law or the organization under a new law, or which bank is in need of the money? The dollar fall this month – in cooperation with the U.S. equity markets. The question remains for currency traders, this trend will continue and if so, how low can it go? The dollar fell broadly on Wednesday in the online forex market, after an informal release data showed a higher than expected unemployment. U.S. private employers shed 298,000 jobs in August according to the ADP Payroll Report. The dollar initially rose on risk aversion sentiment, however, continue to combine concern for the growing national debt, along with a very low volume of U.S. dollars to address the late trading session. The ADP Employment Report is an early indicator of how the official government “non-farm payroll (NFP will look like) report. The NFP report will take place on Friday and includes both public and private sectors. The consensus on the street is that 225,000 job losses reported, although the mining industry alone close to 300,000, the NFP is likely to disappoint. clock at 11:00 GMT, the dollar fell. 42% against the euro on 1. 4282, below. 9% against the Japanese 15 to 92 yen, down. 85% of the pounds 1 6286, below. 05% of Canadian dollars to 1. 1041, Down 1 2% and the Australian dollar. 8357th to 2% of the kiwi. 6736 and down . 55% of the Swiss franc at 1. 0594. The USD / CAD currency pair is 1 to challenging. 1100/20 field again weakness in commodity currencies, and a new sell-off in oil. A close above this level provides significant further progress towards achieving 1st 1400 or maybe more. The 55-day moving average is slightly higher than at 1 1100 also, but the USD / CAD does not seem too much of a habit, the attention to that number. If Oil still at $ 67 per barrel and the stocks remain in a sour mood, it is difficult to see the two not further increase. Structurally, the failed assassination attempt on new lows under 1 account. 0800 has offset the recent decline in old trend, but we have no confirmation yet bullish. 1. 1120 + would be a first step.