Forex Market News of January 5, 2012

Forex Trading NewsForex Market Movers Summary

Let’s start with a currency that is not traded in the international markets: the Iranian currency or so called, rial. With the international sanctions Iran has been seeing sharp losses in its economy, but today the rial strengthened by around 20%. … See More »

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  • European morning wrap: Forex market starting to get it’s mojo back

Source: ForexLive (blog)

That felt alot more like a normal market. EUR/USD down at 1.2983 from early 1.3035. Inbetween we’ve been up to 1.3072 and then all the way down to 1.2971. Middle Eastern buying (given price of oil, guess they got mucho petro dollars to diversify) … See More »

  • Forex blues


The major currencies considered by major players in the forex market are the US dollar, the British pound, the Euro, the Japanese yen, the Australian dollar, the Canadian dollar, and the Swiss franc. At least 85 per cent of forex trading involves these … See More »

  • Forex Trading and Futures – USD Slides vs EUR & JPY while Gold and Silver …

Source: Best Syndication

(Best Syndication News) The dollar declined against all major world currencies early in the day but turned around later as gold and silver prices advanced early but began to slide after the session close (see forex and futures charts below). … See More »

  • FOREX-Euro falls, market underwhelmed by German auction

Source: Reuters

Now the market is looking ahead to the auction from France tomorrow,” said Niels Christensen, FX strategist at Nordea. Nordea expects the euro to fall to $1.20 by the end of 2012, and Christensen said it would remain vulnerable against the dollar, … See More »

  • Switzerland’s central bank chief accused of insider trading

Source: The Guardian

The bank chairman also made several other dollar and euro transactions on the foreign exchange market between March and October last year, according to Die Weltwoche, which is close to the far-right Swiss People’s Party (SVP). Hildebrand has come under … See More »

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