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Forex Market News

Indian shares seen down after US, Asia dropThursday, November 20, 2008 @ 9:55PMMUMBAI, Nov 21 (Reuters) - Indian shares are seen starting sharply lower on Friday after Asian stocks followed a plunge in U.S. markets on worsening economic woes, but some bargain buying may appear given the market has fallen for more than a week.

(AFX UK Focus) 2008-11-21 03:24 Nikkei slips to hit 3-week low on Wall St, firm yenThursday, November 20, 2008 @ 9:50PMBy Rika Otsuka

(AFX UK Focus) 2008-11-18 11:14 Indian shares fall 3.8 pct as global gloom deepensTuesday, November 18, 2008 @ 5:38AMBy Narayanan Somasundaram

(AFX UK Focus) 2008-11-18 09:13 Hong Kong shares dive 4.5 pct as financials slideTuesday, November 18, 2008 @ 3:39AMBy Parvathy Ullatil

(AFX UK Focus) 2008-11-18 08:43 Kazakh 2008-2009 growth may slip below forecasts -IMFTuesday, November 18, 2008 @ 3:08AMBy Olzhas Auyezov

Global recession fears deepenMonday, November 17, 2008 @ 11:50AMTOKYO: Japan became the latest major country to fall into recession Monday as global economic fears deepened after a Washington summit offered markets scant hope for action to contain the damage, analysts said.

Committments of Traders ReportMonday, November 17, 2008 @ 9:37AMPositioning is neutral for most currenies, suggesting that the US dollar may continue strengthening. US Dollar Index: The composite COT has dropped from high levels, which warns of a top. However, with speculative longs gradually decreasing and now back to more levels, confidence in a top is low.

Rupee down 33 paise against dollarMonday, November 17, 2008 @ 8:30AMThe Indian rupee lost 33 paise against the US currency to end at 49.34/35 on the back of heavy dollar buying by banks and oil refiners amid sustained capital outflows due to sluggish equity markets.

Committments of Traders ReportMonday, November 17, 2008 @ 8:26AM Positioning is neutral for most currenies, suggesting that the US dollar may continue strengthening.