Breaking News
November 24
2008

Korean Won Close to Decade Low Again

The South Korean won continued its decline against the U.S. dollar today despite the other Asian stocks rebound caused by the U.S. government’s intentions to bail-outCitigroup. The won almost renewed its decade low level, set on November 20th, and extended its monthly drop against the greenback today. The currency lost 38 percent this year and is currently the worst-performing one among the 16 most-traded world currencies. There are speculations on the equity and Forex market that […]

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November 23
2008

Apex FX Trading — MT4 Forex Broker from Jordan

Finding a Forex broker with a nice and smoothly working website is becoming a difficult task for me. I thought that the website problems is only a feature of the new (1-2 years old) Forex brokers. But Apex FX Trading dissolved my delusions. It’s Forex broker that is working on-line since 2001 and it stills offers some parody instead of the website to its clients. Apex FX Trading is a Jordan-based Forex broker with the MetaTrader […]

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November 22
2008

Forex Technical Analysis for 11/24—11/28 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2012 1.2218 1.2402 1.2608 1.2792 1.2998 1.3182 GBP/USD 1.4048 1.4352 1.4639 1.4943 1.5230 1.5534 1.5821 USD/JPY 89.82 91.69 93.82 95.69 97.82 99.69 101.82 EUR/JPY 108.80 […]

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November 22
2008

Canadian Dollar Slid This Week as Oil Declined

The Canadian dollar declined against the U.S. dollar for the second week in a row as the oil and commodities prices continued to drop on the worsening global economy outlook. The Bank of Canada Commodity Price Index dropped to 181.63 this week — its lowest level since 2005, while oil prices dropped below $50. Commodity exports are very important for the Canadian economy as they […]

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November 21
2008

InvestTechFX — Canadian MT4 Forex Broker

InvestTechFX is another MetaTrader Forex broker that was added to the list on my site today. It’s a new on-line retail broker, operating since 2008 2006, though they say that their off-line services in the Forex market were active since 2004. This broker offers MetaTrader 4 trading platform, CFD and index trading, very low spreads (1 pip on all majors) and also a very flexible leverage — […]

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November 21
2008

Malaysian Ringgit Falls with Emerging Markets

The Malaysian ringgit declined slightly today and also posted its third weekly drop against the dollar this week as the emerging stock markets and currencies lived through one of the worst week with the oil, commodities and exports prices falling on the global recession outlook. The ringgit hit its two-year low against the dollar today after the Asian […]

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November 20
2008

EUR/USD Slightly Up, Still Below Week Open

EUR/USD rose slightly today after some strong volatility that it showed yesterday. Overall it still remains in the red zone this week. The released indicators are still very pessimistic for the U.S. dollar. But they rarely matter in the current global financial conditions. EUR/USD is currently trading near 1.2493. Initial jobless claims rose from 515,000 to 542,000 last week, setting a new record level […]

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November 20
2008

Indian Rupee Falls to Record Low

The Indian rupee fell to the record low level against the U.S. dollar today as the Asian stock markets followed the path of the U.S. equities and declined strongly; the recession forecasts for 2008 and the first half of 2009 also played their role. Dropping more than 1.2 percent today, the Indian currency followed the decline in the local benchmark stock market index, […]

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November 20
2008

KRW Reaches Decade Low on Stock Slump

The Korean won reached the lowest level against the U.S. dollar since 1998 today as the country’s stock market fell for the eight day in a row and the foreign investors continued to pull-out the funds. Despite the measures taken by the South Korean government to stimulate the economy and the stock markets, both the currency and the equities continue to decline and show […]

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November 19
2008

Consumer Prices and Housing Fall in U.S., Dollar Goes Up

EUR/USD jumped up today after the two important macroeconomic reports were released today — CPI and new housing starts. But after reaching a peak at 1.2813 EUR/USD corrected and snapped the daily growth. The currency pair is now trading near 1.2578. Consumer Price Index (CPI) decreased by 1% on a seasonally adjusted basis in October. This declined followed the stagnation in September and exceeded analysts’ forecast […]

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