Day: January 29, 2008

January 29
2008

Forex Research Paper on Volatility, Spreads and Quotes Frequency

Now you can download a new free research paper related to the Forex market from the  e-books section of my site. It is “The Interaction Between the Frequency of Market Quotes, Spread and Volatility in Forex” that was published in the Applied Economics journal more than 10 years ago. This paper researches the relations between volatility, spreads and the frequency of the new market data in the Forex. It can be considered outdated for the majority […]

Read more
January 29
2008

Slight Strengthening of Dollar

Good fundamental macroeconomic data that was coming out today helped the U.S. dollar to fight back some of the pips, lost to euro yesterday. EUR/USD began this day at 1.4779, but now it hovers near the 1.4756 level. It’s not a big gain for the greenback, but it has a potential to continue the trend during the rest of the week. Durable goods orders in December unexpectedly rose by 5.2%, which is a lot […]

Read more
January 29
2008

Reserve Bank of India Holds Interest Rates

The majority of Forex traders expected that the Reserve Bank of India will lower the main interest rates today to pare with recent emergency cut by the Fed and the anticipated additional interest cut at tomorrow Fed’s meeting. But Yaga Venugopal Reddy, Governor of the Reserve Bank of India, decided to leave the key interest rates at the same level. The main repurchase rate was kept at 7.75% — one of the highest rate level in near six years; […]

Read more
January 29
2008

Singapore Dollar Rises Before Fed Cut

The Singapore dollar rose today during the Asian Forex trading session as the market analysts expected the Federal Reserve of U.S. to lower the interest rate at the next meeting, widening the rates difference for these two currencies. Fundamental data report on the U.S. housing which came out yesterday strengthened the confidence of the investors that Fed will have to cut its overnight interest rate  by at least 50 basis points tomorrow. After the opening at 1.4204 […]

Read more