Tagged with 'forex'

Forex reserves level reaches $39.3 billion as of February

The country’s gross international reserves (GIR) went up by $100 million in February to $39.30 billion, boosted largely by borrowings of the National Government from multilateral funding agencies.
The Bangko Sentral ng Pilipinas (BSP) reported yesterday that the country’s GIR was enough to cover 5.9 months of imports of goods and payments of services and income. [...]


Daily Forex Market Summary

The US dollar weakened against a basket of currencies after GM auditors voiced concern whether it could survive without bankruptcy and investors took profit in anticipation of hefty job losses in the US. Data showed the US unemployment rate hit a 25-year high of 8.1% after employers cut 651,000 jobs in February. These figures reinforced [...]


What are Your Options Regarding Forex Options Brokers?

Forex option brokers can generally be divided into two separate categories: forex brokers who offer online forex option trading platforms and forex brokers who only broker forex option trading via telephone trades placed through a dealing/brokerage desk. A few forex option brokers offer both online forex option trading as well a dealing/brokerage desk for investors [...]


The Forex Martingale Strategy - Is It Profitable Or Not?

The forex martingale system is one that’s used quite by a lot by forex traders. However it’s usually the inexperienced traders who are drawn to this system and unfortunately it nearly always ends in disaster. So can this martingale system really be profitable?
Well in my experience the answer is no. You may have some initial [...]


Forex and Dow Jones recommended levels

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.

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

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

(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 [...]


FOREX-Dollar dips but supported by safe-haven appeal

* 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

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, [...]


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