February 2009 News

Forex and Dow Jones recommended levels

Published: February 20, 2009

EUR/USD
Todays support: - 1.2548 and 1.2506(main), where correction is possible. Break would give 1.2480, where correction also may be. Then follows 1.2465. Break of the latter would result in 1.2443. If a strong impulse, we would see 1.2426. Continuation will give 1.2403.
Todays resistance: - 1.2656 and 1.2693(main). Break would give 1.2732, where a correction is [...]


Forex - U.S economic outlook remains bleak despite Obama’s ambitious housing program.

Published: February 20, 2009

The dollar traded a mixed day yesterday as a flurry of economic data and a new program aimed at curbing the freefall of the housing market was announced by President Obama. The dollar rose against the Euro, Swissy and Yen on news that a $75Bn housing program would be set in motion in a bid [...]


Market Overview by Forex Yard

Published: February 20, 2009

Economic News
* USD
Dollar Volatility continues as Dow Hits 6-Year Low
The Dollar recorded another day of volatile trading on Thursday, as the U.S. equity market took a beating. The Dow Jones Industrial Average reached a six year low yesterday. One of the main reasons for this was the U.S. banking shares hitting a 17 year low. [...]


FOREX-U.S. dollar gains on safe-haven bid as stocks tumble

Published: February 20, 2009

(Reuters) - The U.S. dollar rose on Friday and was on track for a weekly gain of more than 1.0 percent versus a basket of currencies as worries about ailing banks and the global economy boosted the greenback’s safe-haven appeal.
Stocks on Wall Street were mostly lower, extending a rout which has pulled the Dow Jones [...]


Stanford investors want money back

Published: February 20, 2009

Investors with money in South American banks controlled by Stanford Financial Group are scrambling to get their deposits out of the bank, according to news agency reports.
FOX News reported late on Feb. 19 that Venezuela would take control of Stanford Bank SA and would back deposits after “massive withdrawals” by investors, according to Ali Rodriguez, [...]


Citi, Bank of America drop on nationalization concern

Published: February 20, 2009

Citi shares dropped 21% to $1.99, their lowest level since early 1991. Bank of America fell 17% to $3.27, and earlier touched a record low of $3.19, according to FactSet Research data.
A Citigroup (C:1.96, -0.55, -21.9%) spokesman highlighted the bank’s high Tier
1 capital ratio, a measure of financial strength, and said it continues to [...]


Forex Economic Calendar

Published: February 19, 2009

Forex Learn offers Economic Calendar in which you can check online upcoming economic events and based on this to make your own forex calendar. The Economic Calendar provides information about the date, time and market forecasts.


FOREX-Dollar dips but supported by safe-haven appeal

Published: February 19, 2009

* Dollar trims gains vs yen and euro, off Wednesday’s highs
* Yen pressured due to worry about Japan’s economy
* BOJ keeps interest rates unchanged at 0.10 pct
By Satomi Noguchi
TOKYO, Feb 19 (Reuters) - The dollar dipped on Thursday after hitting a six-week high against the yen and a three-month peak versus the euro, but it [...]


Deere 1Q Net Down 45%, Cuts Forecast On Forex, Recession

Published: February 19, 2009

Deere & Co.’s (DE) fiscal first-quarter net income slumped 45% on high raw material costs, a stronger dollar and the global recession, as the world’s largest maker of farm equipment also lowered fiscal-year expectations due to currency impacts.
Nonetheless, Chairman and Chief Executive Robert W. Lane said demand for large agricultural machinery has held up well, [...]


Remember about risk

Published: February 19, 2009

Before deciding to participate in the market Forex, you should carefully consider investment objectives, their knowledge and experience, as well as their ability and willingness to take risks. But most importantly - never invest money in this business, if the loss could have a negative impact on your lifestyle.
Each transaction in the Forex market [...]


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