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  • Introduction to MillenniumIT Saturday, September 4, 2010 @ 8:13AMMillenniumIT was founded in 1996, with corporate headquarters and software development located in Colombo, Sri Lanka.
  • Japan Noda warns on yen suggests joint steps difficult Saturday, September 4, 2010 @ 6:18AMJapanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed while suggesting that coordinated currency market intervention was a difficult option.
  • Saxo Bank Releases New Monthly Equity Research on Value Stocks in tradingfloor.com Saturday, September 4, 2010 @ 2:01AMSaxo Bank has released a new monthly equity research publication entitled "Global Value Equity Strategy".
  • FXOpen receives Global Falcon Award for the Best Trading Platform from the FX Traders’ Choice Awards 2010 Saturday, September 4, 2010 @ 2:00AMAugust 30, 2010. FXOpen, one of the world’s leading FOREX brokerage companies, is pleased to announce that it has received the Falcon Award as a Global FX Broker in the sub-category Best Platform according to the FX Traders’ Choice Awards 2010.
  • IIFCL asks govt to lift 20% ceiling Friday, September 3, 2010 @ 4:54PMThe India Infrastructure Finance Company has asked the government, its promoter, to remove the disabling 20% limit up to which its UK subsidiary-IIFCL -can finance an Indian company's overseas borrowing requirement for infrastructure.
  • Forex reserves rise $293 million in Aug Friday, September 3, 2010 @ 4:51PMThe country's forex reserves rose marginally $293 million to touch $282.8 billion, for the week ended August 27, 2010, the RBI, said in its weekly statistical supplement released on Friday.
  • Australian Dollar May Gain Further on RBA Expectations, S&P Strength Friday, September 3, 2010 @ 4:42PMAustralian Dollar May Gain Further on RBA Expectations, S&P Strength Fundamental Outlook for US Dollar: Bullish Australia sees impressive Gross Domestic Product growth in the second quarter Trade Balance data likewise bolsters case for Australian Dollar strength Impressive economic data and sharp rallies in global risky asset classes made the Australian Dollar the top-performing G10 currency on ...
  • Canadian Dollar Looks to BoC Rate Decision for Next Moves Friday, September 3, 2010 @ 4:40PMCanadian Dollar Looks to BoC Rate Decision for Next Moves Fundamental Forecast for Canadian Dollar: Bearish - Canadian GDP Advances Less Than Expected in the Second Quarter - U.S. Dollar May Continue to Recover Against the Canadian Dollar The Canadian dollar pushed higher against its U.S. namesake last week, rising some 1.10 percent. Following a disappointing economic activity report for the ...
  • Japanese Yen: Currency Intervention Grows Ahead of BoJ Rate Decision Friday, September 3, 2010 @ 4:38PMJapanese Yen : Currency Intervention Grows Ahead of BoJ Rate Decision Fundamental Forecast for Japanese Yen: Neutral Japanese Yen Channel is Key Yen Intervention Unlikely as Capex Soars The Japanese yen continued its northern journey against the U.S. dollar this past week despite Japans government issuing its latest fiscal stimulus package in conjunction with the central banks effort of monetary ...
  • Gold climbs above $1,250/oz on economic concerns Thursday, September 2, 2010 @ 10:37AMGold and silver hit multi-month highs in Europe on Wednesday, with gold breaking above $1,250 an ounce for the first time since late June, as investors bought the metals amid concerns over the pace of U.S. economic growth.
  • Dollar advances on global slowdown fears Thursday, September 2, 2010 @ 10:32AMThe dollar turned higher this week as jittery investors flocked to the greenback for its safe-haven appeal amid fears of a global economic slowdown.
  • Dollar hits 15-year low against yen Thursday, September 2, 2010 @ 10:32AMThe dollar fell to a 15-year low against the Japanese yen Wednesday, as investors flocked to safe-haven trades after weak economic data was released by China and the Federal Reserve posted a bearish outlook.
  • Crude Resitance Begins at 7700 Thursday, September 2, 2010 @ 10:31AMCrude Resitance Begins at 7700 Taking a longer term look at Crude, expectations are for a drop below 6424. 6116 would be potential support (100% extension), followed by 5832 (former 4th wave extreme). Near term, crude may work higher to complete correction from 7075. 7710 and 7850 are resistance areas. DailyFX provides forex news on the economic reports and political events that influence the ...
  • Gold 1270 in Danger Thursday, September 2, 2010 @ 10:30AMGold 1270 in Danger Gold is making its way lower in an impulsive fashion. The first 5 wave decline ended following a terminal thrust from a triangle. The rally is in 2 equal legs, common for corrections, and may be nearing completion. DailyFX provides forex news on the economic reports and political events that influence the currency market. Learn currency trading with a free practice account ...
  • Swiss Franc Continues Dominance Thursday, September 2, 2010 @ 10:29AMSwiss Franc Continues Dominance Longer term (months out), I am USD bullish but there is no evidence to suggest that the USDCHF will find a bottom and reverse anytime soon. At this point, it appears that 10130 will fail and lead to a drop below the 2009 low of 9916. That could complete a 2 year correction from 12300. DailyFX provides forex news on the economic reports and political events that ...
  • Forex: AUD/USD tests 0.8930 intra-day high Tuesday, August 31, 2010 @ 5:28PMFXstreet.com (Barcelona) - The Australian dollar had an upside burst in Asia, gaining over 30 pip against the Greenback in early trade on Wednesday. The upmove hit a new intra-day high at 0.8930, allowing the pair to get further away from a 2-day low reached at 0.8857 earlier on Tuesday.
  • Al-Qaeda Suspect Salim Gets Life Prison Term for Stabbing Guard Tuesday, August 31, 2010 @ 5:03PMSuspected al-Qaeda leader Mamdouh Mahmud Salim, who plunged a comb into the eye of a jail guard in 2000 while awaiting trial on terrorism charges, was resentenced today to life in prison.
  • 2010 FX Traders' Choice Awards Released - Winning Forex Brokers Announced Tuesday, August 31, 2010 @ 4:52PMGlobal news leader International Business Times and market research firm Forex Datasource announced the results of the 2010 FX Traders' Choice Awards during an award ceremony held in New York City on Aug 30, 2010.
  • Forex Firm PFGBEST® Commends CFTC Final Foreign Exchange Market Rule Tuesday, August 31, 2010 @ 4:20PMCHICAGO--(BUSINESS WIRE)--PFGBEST believes final CFTC foreign exchange rules will benefit American investors.
  • Forex: EUR/JPY extends further down, 106.80 new 4-day low Monday, August 30, 2010 @ 7:58PMFXstreet.com (Barcelona) - Following the bearish burst on EUR/USD, the Japanese Yen also resumed its rally in a synchronized manner against the Euro, extending its gains after breaking support area at 106.90/00, posting a new 4-day low in EUR/JPY at 106.80.
  • UK Economy: Consumer confidence improves in August Monday, August 30, 2010 @ 7:44PMThe opinions and analysis offered on Forexlive are for educational purposes only and clients and prospects are advised to carefully consider the opinions and recommendations offered by the analysts and to use the analysis and opinions in conjunction with the client and/or prospects own independent analysis.
  • FOREX-Yen near 15-year peak after BOJ move fizzles Monday, August 30, 2010 @ 7:36PM* Yen firm, seen testing Japan's willingness to intervene
  • Japan July Industrial Production Rises 0.3% Vs Month Monday, August 30, 2010 @ 7:29PMJapan’s industrial production rose 0.3 percent in July from June, the Trade Ministry said in Tokyo today. The median estimate of 27 economists surveyed by Bloomberg News was for a 0.2 percent drop.
  • Forex: EUR/USD pulls down to 1.2635, 4-day low Monday, August 30, 2010 @ 7:28PMFXstreet.com (Barcelona) - The Hegemonic currency was dragged lower at the Tokyo opening bell, loosing its intra-day high at 1.2670 to bottom out at 1.2633, hitting a new 4-day low. The drop follows the decline from 1.2760 yesterday, as the Euro continues to struggle on a risk-off environment.
  • Japanese Industrial Production Outperforms But Outlook Still Gloomy Monday, August 30, 2010 @ 7:27PMPreliminary Japanese Industrial Production figures surprised to the upside, showing output added 0.3 percent in July amid expectations for a 0.2 percent decline. Looking past month-to-month volatility however, the overall trend continues to point deterioration amid expectations of slowing demand in Japans largest export markets it the US and China. The annual growth rate fell for the fourth ...
  • Crude Oil Positioning May Signal Risk Aversion, Point to US Dollar Gains Monday, August 30, 2010 @ 7:03PMFinancial markets remain stuck at familiar technical barriers but crude oil positioning points to a bearish turn ahead. Should this extend to the spectrum of risky assets, a US Dollar advance is likely to follow.
  • RBA’s Debelle Says Financial System Needs Government ‘Backstop’ Monday, August 30, 2010 @ 6:44PMEfforts to make the global financial system more robust to fallout from unexpected shocks can be boosted by placing limits on borrowing and ensuring governments and central banks act as a “backstop” to any crisis, Reserve Bank of Australia Assistant Governor Guy Debelle said.
  • Your Source for Daily FOREX Market News and Analysis Monday, August 30, 2010 @ 7:12AMEconomic confidence in the 16 member euro area rose to its highest level since March 2008 for the month of August as figures rose to 101.8 from 101.1 the month prior.
  • Your Source for Daily FOREX Market News and Analysis Monday, August 30, 2010 @ 7:12AMThe Euro pared the overnight advance and slipped to a low of 1.2696 ahead of the North American trade, with price action holding below the 50-Day SMA at 1.2773, and the single-currency may continue to trend lower throughout the day as policy makers maintain a cautious outlook for the region.
  • Japan announces fresh stimulus measures Monday, August 30, 2010 @ 7:08AMJapan today unveiled an $11 billion stimulus and announced monetary steps to safeguard a fragile economy and curb the impact of a strong yen, but markets were left unimpressed.
  • Your Source for Daily FOREX Market News and Analysis Monday, August 30, 2010 @ 6:57AMIf you wish to receive Joel’s reports in a more timely fashion email jskruger@fxcm.com and you will be added to the distribution list. If you wish to discuss this or any other topic feel free to visit our Forum Page.
  • Daily Sound Bites 08.30 Monday, August 30, 2010 @ 6:43AMA daily review of comments from selected officials across the globe and their respective insights into global macro economics as related to the foreign exchange market Written by Jonathan Granby, DailyFX Research Team If you wish to receive Joels reports in a more timely fashion email jskruger@fxcm.com and you will be added to the distribution list. If you wish to ...
  • Forex: Yen soars despite BoJ action Monday, August 30, 2010 @ 6:13AMFXstreet.com (Barcelona) - The Yen has soared across the board on Monday, giving away most of the ground taken on Monday on the back of financial, markets disappointment towards BoJ monetary policy actions to curb Yen strength which is threatening Japanese exports, a crucial aspect on the country's GDP.
  • Your Source for Daily FOREX Market News and Analysis Monday, August 30, 2010 @ 6:12AMThe news of an emergency Yen meeting in Japan on Monday was enough to get markets moving at the start of Asian trade with a risk on approach taken on the expectation that the Bank of Japan would introduce new measures to stimulate the economy and curb the strength in the local currency.
  • Looking to Buy USD/JPY Dips Monday, August 30, 2010 @ 6:01AMNo set-up just yet but we just want to give the heads up that any dips from here to fresh 2010 and multi-year lows will be seen as a formidable opportunity to establish a meaningful long position. The oversold technical studies along with intense fundamental pressures make the trade highly attractive. We are just not prepared to force anything. DailyFX provides forex news on the economic reports ...
  • Japan announces fresh stimulus measures Monday, August 30, 2010 @ 5:56AMJapan on Monday unveiled an 11 billion dollar stimulus and announced monetary steps to safeguard a fragile economy and curb the impact of a strong yen, but markets were left unimpressed.
  • Forex: EUR/CHF hovers around 1.3080 Monday, August 30, 2010 @ 5:43AMFXstreet.com (Barcelona) - The EUR/CHF is down around 60 pips from its peak near 1.3140 over the Asian Pacific, after the weak BoJ monetary policy measure, perceived as inadequate by traders, boosted safer alternatives including the Swiss franc.
  • EDP Renov Saturday, August 28, 2010 @ 4:42PMOperator Thank you. (Operator Instructions) The first question comes from the line of Alberto Gandolfi from UBS. Please go ahead. Alberto Gandolfi – UBS ...
  • Japan's Noda says ready to use all measures on yen Saturday, August 28, 2010 @ 2:01AMBEIJING (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday he was ready to employ "all possible measures" to tackle the rise of the yen, which was having a "big impact" on the country's economy.
  • Japan's Noda says ready to use all measures on yen Saturday, August 28, 2010 @ 1:35AM(adds quotes, background)
  • Gold May Extend Slow Ascent as Market Uncertainty Prevails Friday, August 27, 2010 @ 9:12PMFundamental Forecast for Gold: Neutral Gold Technical Positioning Points to Major Top in the Works Trade Volumes Hint Little Follow-Through Behind Gold Gains Gold seems to reflect the shaky climate prevailing across financial markets more than any other trading instrument. Indeed, short-term correlation studies suggest that prices seem to have largely decoupled from other benchmark assets as ...
  • Crude Oil Awaits U.S. GDP Data, Gold Pauses As Resistance Mounts Thursday, August 26, 2010 @ 11:32PMAll eyes are on the second quarter U.S. GDP report set to be released on Friday. Market participants will weigh the probability that the world’s largest economy is set to enter a second recession.
  • NZDUSD: Sellers to Return After Correction Thursday, August 26, 2010 @ 11:18PMStrategy: Short at 0.7042, Targeting 0.6844 Weekly Profit / Loss: -6 pips Total Profit / Loss: -6 pips We sold NZDUSD at 0.7042 as prices cleared horizontal support at 0.7057 after over a week of consolidation. A shallow recovery has materialized in the near term, with the pair testing resistance at the top of a falling channel set from the top in late July, now at 0.7048. Horizontal resistance ...
  • AUDUSD: Selloff Pauses, Bias Still Bearish Thursday, August 26, 2010 @ 11:16PMStrategy: Short at 0.8866, Targeting 0.8366 Weekly Profit / Loss: +9 pips Total Profit / Loss: +9 pips We sold AUDUSD at 0.8866 as prices took out a rising trend line set from the swing low in June, with additional confirmation of a bearish reversal seen on the daily close beyond the 0.8847-0.8903 congestion region. As with most of the majors, the US Dollar has pared some of its gains in recent ...
  • FOREX-Dlr edges up on report Japan PM to speak on yen Thursday, August 26, 2010 @ 11:15PM* Japan PM to brief media Friday on yen steps-Kyodo
  • Forex: EUR/USD retreats from fresh daily highs Thursday, August 26, 2010 @ 10:28AMFXstreet.com (Córdoba) – The Euro rose further against the Dollar and reached at 1.2763 the highest price in 6 days. The pair retreated afterwards to 1.2710 and currently is trading at 1.2718/24, 0.50% above today’s opening price.
  • NZD/USD’s Test of Support is Generating Scalping Opportunity Thursday, August 26, 2010 @ 10:10AMA dismal U.S. existing home sales report sparked across the board anti-dollar sentiment increasing broader volatility. The greenback had been the beneficiary of overnight risk aversion which had put pressure on the high yielding NZD/USD.
  • Stay short EURUSD, Keep Stop Intact Thursday, August 26, 2010 @ 10:00AMThe EURUSD's current test of resistance is putting my existing short position (from 1.2850) at risk. I remain bearish overall, but it is difficult to deny there is risk of further short-term strength. My stop on the existing position will remain above 1.2780 (as per my last update), and I will consider whether to re-enter at a new (higher) price if it is indeed taken out. Until then, I will let ...
  • Forex: USD/JPY falls to test daily lows Thursday, August 26, 2010 @ 9:43AMFXstreet.com (Córdoba) – The recovery of the Dollar against the Yen from daily lows at 84.40 was capped by the 84.70 zone. The pair lost strength and fell to test daily lows despite better-than-expected US economic data.
  • FOREX: Ringgit Closes Marginally Lower Against US Dollar Thursday, August 26, 2010 @ 5:09AMKUALA LUMPUR, August 26 (Bernama) -- The Ringgit ended marginally lower against the greenback Thursday in the absence of market moving factors. However, the currency's underlying fundamentals were still intact.