International Business News - Forex http://www.ibtimes.com/rss/feed/forex.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/forex.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif Once again, Greece is the word which is governing global market activity at the moment. Overnight the premise of a grand rescue for the Greek economy sent US equity markets north bound, with investors mustering the courage to jump back into higher yielding assets. http://www.ibtimes.com/articles/20100209/go10-02-10.htm http://www.ibtimes.com/articles/20100209/go10-02-10.htm Tue, 09 Feb 2010 17:53:38 EST Given the flurry of news surrounding Greece debt concerns, the EUR has surprised many with bullishness following the speculation of a Euro-Zone bailout of Greece, despite Germany's reluctance to acknowledge such an effort. While the 16-nation currency gained against its primary rivals, the Scandinavian currencies actually fared better than the EUR. http://www.ibtimes.com/articles/20100209/greece-bailout-speculation-boosts-eur.htm http://www.ibtimes.com/articles/20100209/greece-bailout-speculation-boosts-eur.htm Tue, 09 Feb 2010 17:34:31 EST Daily Video Technical Update: EUR/USD, GBP/USD, GBP/JPY, USD/CHF Update Provided by FX Times/CMS Forex http://www.fxtimes.com http://www.cmsfx.com Analyst: Fan Yang, CTA http://www.ibtimes.com/articles/20100209/daily-video-technical-update9.htm http://www.ibtimes.com/articles/20100209/daily-video-technical-update9.htm Tue, 09 Feb 2010 17:04:08 EST The Aussie dollar entered offshore exchange edging closer to the 87 cent handle with the market keeping a keen eye on developments in Europe. http://www.ibtimes.com/articles/20100209/daily-forecast.htm http://www.ibtimes.com/articles/20100209/daily-forecast.htm Tue, 09 Feb 2010 16:54:32 EST The dollar slumped across the board in Tuesday trading amid a return to riskier assets, with the greenback sliding to 1.3839 against the euro and just shy of the 0.88-figure versus the Aussie. The US stock indexes climbed higher as the Dow Jones improved by over 1.75% to back above the 10,000-level... http://www.ibtimes.com/articles/20100209/usd-slides-as-riskier-assets-gain.htm http://www.ibtimes.com/articles/20100209/usd-slides-as-riskier-assets-gain.htm Tue, 09 Feb 2010 15:44:01 EST US Wholesale Inventories declined for December coming in at -0.8%; worse than the forecasted reading of 0.5% and the prior revised reading of 1.6% from 1.5%. http://www.ibtimes.com/articles/20100209/us-wholesale-inventories-declining-hellip.htm http://www.ibtimes.com/articles/20100209/us-wholesale-inventories-declining-hellip.htm Tue, 09 Feb 2010 15:05:00 EST Sarah Palin is missing the nucleus of what the Tea Party activists are all about. They are not looking for another John McCain or George Bush. While I sympathize with much of Palin's platform, she misses the entire isolationist sentiment of the movement. Tea party activists want a return to the constitution. While they want to fiercely defend our country, they also do not want to conduct any more pro-active wars that bankrupt the nation. They also value the life of our young men and women more t... http://www.ibtimes.com/articles/20100209/palin-isneoconservative-nottea-party-constitutionalist.htm http://www.ibtimes.com/articles/20100209/palin-isneoconservative-nottea-party-constitutionalist.htm Tue, 09 Feb 2010 14:14:04 EST Joseph Stiglitz, who won Nobel Prize in 2001, mentioned that the Greece, which has the largest budget deficit in Europe, is able to slash budget deficit without any aid from the EU. He sees that plan set by the Prime Minister George Papaconstantinou which includes pensions revamp and levying taxes o... http://www.ibtimes.com/articles/20100209/stiglitz-nbsp-says-greece-is-able-to-nbsp-reduce-budget-deficit-without-any-aid.htm http://www.ibtimes.com/articles/20100209/stiglitz-nbsp-says-greece-is-able-to-nbsp-reduce-budget-deficit-without-any-aid.htm Tue, 09 Feb 2010 13:46:00 EST Simultaneous Release at www.thegeekknows.com Good day Koalas! How is the harvesting? Today is a speculation day! The EUR/USD climbed for a second day after bouncing off the 1.3600 region. Although the S&P 500 rallied, we have to note that yesterday’s rally went south by the end of the day. The market seems undecided for now as the S&P 500 ranged [...] http://www.ibtimes.com/articles/20100209/eur-usd-daily-review-09-feb-10.htm http://www.ibtimes.com/articles/20100209/eur-usd-daily-review-09-feb-10.htm Tue, 09 Feb 2010 11:21:08 EST Price action on EUR/JPY, a daily chart of which is shown, has reached down and made a tentative bounce off key support in the general 122.00 price region. This occurs after the currency pair broke a long sideways consolidation by breaking down below another key support level in the 127.00 price region. The substantial recent bearishness in the pair established a new 11-month low late last week before making the current tentative bounce. http://www.ibtimes.com/articles/20100209/eur-jpy.htm http://www.ibtimes.com/articles/20100209/eur-jpy.htm Tue, 09 Feb 2010 11:09:10 EST You can almost hear an audible sigh of relief echoing around risk managers' desks and that tone is reflected by a positive market sentiment on hopes for a solution to the fiscal problems facing the government of Greece. Given the far more favorable tone to both equity and commodity prices on Tuesday, it seems that something is out of whack since bond prices have failed to decline. Yields have remained relatively unmoved, adding just a couple of basis points. That begs the question as to whether ... http://www.ibtimes.com/articles/20100209/relief-rally-equities-fails-budge-bond-yields.htm http://www.ibtimes.com/articles/20100209/relief-rally-equities-fails-budge-bond-yields.htm Tue, 09 Feb 2010 10:42:24 EST Update on supports and resistances. http://www.ibtimes.com/articles/20100209/ise-fx-australian-dollar-continuation-of-the-rebound.htm http://www.ibtimes.com/articles/20100209/ise-fx-australian-dollar-continuation-of-the-rebound.htm Tue, 09 Feb 2010 10:20:09 EST Update on supports and resistances. http://www.ibtimes.com/articles/20100209/ise-fx-canadian-dollar-continuation-of-the-rebound.htm http://www.ibtimes.com/articles/20100209/ise-fx-canadian-dollar-continuation-of-the-rebound.htm Tue, 09 Feb 2010 10:20:09 EST I'd have to agree about the longer-term growth prospects for emerging markets, especially Asia. But in the shorter-term those prospects can be trumped by growing risk. I know, I know - we continue to harp on risk appetite capital flows. But the fact is: risk appetite still matters. And deleveraging still matters. And a world with little inflation still makes a difference. I think the market has realized it better keep its eyes on the road, because that one-way-street market recovery has merged i... http://www.ibtimes.com/articles/20100209/fx-trading-words-not-mine.htm http://www.ibtimes.com/articles/20100209/fx-trading-words-not-mine.htm Tue, 09 Feb 2010 09:55:37 EST The Japanese yen and U.S. dollar trimmed their last week gains on hopes the EU during their summit next week will put measures to help Greece to rein in their budget deficit. The optimistic news spurred demand on higher-yielding assets, especially the euro. The dollar index, a gauge of the dollar\'s ... http://www.ibtimes.com/articles/20100209/hopes-of-tackling-budget-deficit-in-greece-sap-demand-on-refuges-nbsp.htm http://www.ibtimes.com/articles/20100209/hopes-of-tackling-budget-deficit-in-greece-sap-demand-on-refuges-nbsp.htm Tue, 09 Feb 2010 09:48:48 EST The United Kingdom visible trade balance for December witnessed its deficit widen to -7278 million pounds from the revised prior deficit of -6798 from -6784 million pounds while the markets were projecting a deficit of 6700 million pounds.Trade balance non-European in December also posted a widened ... http://www.ibtimes.com/articles/20100209/uks-trade-balance-deficit-widens.htm http://www.ibtimes.com/articles/20100209/uks-trade-balance-deficit-widens.htm Tue, 09 Feb 2010 09:44:00 EST It is not at all far-fetched for markets to drag down the euro and Eurozone sovereign bonds due to non-EUR specific dynamics.. http://www.ibtimes.com/articles/20100209/bernanke-bonds-british-pound-canadian-dollar-china-cpi-euro-gbpusd-inflation-retail-saless-dollar-ye.htm http://www.ibtimes.com/articles/20100209/bernanke-bonds-british-pound-canadian-dollar-china-cpi-euro-gbpusd-inflation-retail-saless-dollar-ye.htm Tue, 09 Feb 2010 09:27:04 EST Update on supports and resistances. http://www.ibtimes.com/articles/20100209/ise-fx-japanese-yen-the-upside-prevails.htm http://www.ibtimes.com/articles/20100209/ise-fx-japanese-yen-the-upside-prevails.htm Tue, 09 Feb 2010 09:20:17 EST Update on supports and resistances. http://www.ibtimes.com/articles/20100209/ise-fx-swiss-franc-continuation-of-the-rebound.htm http://www.ibtimes.com/articles/20100209/ise-fx-swiss-franc-continuation-of-the-rebound.htm Tue, 09 Feb 2010 09:20:17 EST Update on supports and resistances. http://www.ibtimes.com/articles/20100209/ise-fx-euro-the-upside-prevails.htm http://www.ibtimes.com/articles/20100209/ise-fx-euro-the-upside-prevails.htm Tue, 09 Feb 2010 09:20:17 EST