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Forex Market Review By Acetrader

Market Review - 13/03/2009 21:32 GMTEuro rises versus greenback on Friday as U.S. stocks close higherThe single currency strengthened against the greenback on Friday as U.S. stocks wrapped up their best week since November, prompting investors to take on more risk and liquidate long positions on U.S. dollar. In late New York trading, the euro edge

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Market Mover

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FXCM (Forex Capital Market)

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Midday Market Recap: Stocks Higher on Economic Data, U.S. Dollar Volatile

(CEP News) • S&P 500 up 1.3% • Geithner Whipsaws U.S. Dollar • Oil Falls $1 to $52.96 • UK Auction FailsDurable Goods Report Sparks Optimism Demand for big-ticket items in the U.S. unexpectedly snapped a four-month losing streak in February and helped renew the upward momentum in equity markets. The stock market gains came after the U.S. Department of Commerce reported that durable goods orders excluding transportation increased 3.9% despite forecasts for a 2.0% decline.The Dow Jones industrial average was most recently up

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EUR/USD: Euro drops to 1.3250 from 1.3340 high after Fed

FXstreet.com (Barcelona) ? Dollar renewed strength after Fed statement has capped EUR/USD rally from 1.2965 low yesterday at 1,3340 high reached right before the Fed, the Euro has dropped afterwards to levels above support level at 1.3245.Despite the Euro?s reverse, Nick Nasad, currency market analyst with CMS Forex, would not discard further appreciation for the Euro: ?The pullback amounted to about 38.2% of today;s rise, so wouldn't buy into the idea that the Euro is done climbing against the Dollar.

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Market Forex Review By Acetrader

Market Review by AceTrader - 05/03/2009 22:18 GMTJapanese yen rises on risk aversion as stock markets plunge; ECB and BOE cut interest rates by 50 basis pointsThe Japanese yen rose across the board yesterday on the back of the selloff in global stock markets as optimism over the earlier news of a larger Chinese stimulus package dimmed and ECB President Jean-Claude Trichet said in his press conference that for growth in the eurozone is likely to remain weak for

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Sterling closing at 1.5010

Fxstreet.com (Jakarta) - The Sterling (GBP) was poised below 1.500 most of the day until surging US stocks encouraged the market to break above late in the US session. The BOE meet on Thursday although the market is expecting no change to the 0.5% rate. ?Any change in the scope of Quantitative easing could still be quite a market moving event,? said Easy Forex Team. Overall the GBP/USD traded with a low of 1.4834 and a high of 1.5037 before

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Forexnewsmarket.com 2/23/2009 News

ForexNewsMarket.com - 24/5 Trading Strategies, Market News & Analysis2/23/2009 Forex NewsDemand for Crude Oil to Drop Within The Next Few MonthsInternational demand for crude oil has seen a drastic drop the past 6 months and prices have followed. Despite efforts by producers to decrease supply in order to stabilize the market and a small rise

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Closing Market Recap: Huge Gains For Stocks But Dollar Suggests More Trouble

(CEP News) • S&P 500 Jumps 6.4% • Late-Day Gains in U.S. Dollar Cast Doubt on Equity Rally • Gold Falls to One-Month Low • Oil Turns Lower After Early Rally • Treasury Yields Higher by 8-12 Basis PointsStocks Jump Most in 2009 as Financials Rebound The U.S. financial sector led a mammoth stock market rally on Tuesday in the biggest one-day gain since November 2008. The Dow Jones industrial average closed up 379 points, or 5.8% to 6926, the S&P 500 closed up

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