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Pound Slides on BOE Comments, Euro Hits Fresh 9-Month High vs Greenback Tuesday – September 15th, 2009 Recap: The Pound declined after the Bank of England suggested that they would lower the rate paid to hold reserves with the bank. US retail sales were strong, helping to fuel some risk appetite in late NY trading. News Provided by CMS Forex Newscaster Nick Nasad Open up a free practice account and start trading Forex today.Video Rating: 0 / 5
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Foreign Exchange trading up 21%-- Adios $2005-01-12 07:32:11 by puro
Did the Romans curse Caligula, or only in historical retrospect?
"Forex trade volumes hit record levels
By Jennifer Hughes in New York
Published: January 11 2005 17:26 | Last updated: January 11 2005 17:26
Foreign exchange trading volumes leapt to record levels in the first week of 2005, according to EBS, the largest interbank trading platform, and the Chicago Mercantile Exchange.
Average daily volume for the week on EBS reached $162bn, up 21 per cent on the same week last year and considerably higher than the average of about $100bn. Total volumes for the week were $811bn.
Trading in FX products over the CMEs Globex electronic platform last week was up 182 per cent over the same period in 2004, and pit-traded options volumes were...
AsianBanks dumping Dubya's Dollar2005-02-23 08:09:49 by puro
Watch WalMart prices Zoom...maybe we'll get back
to some sanity...too bad most of the tools and dies for
our factories are in China now...
"Markets fall as Asian banks move away from dollar assets
By Michael Morgan and Steve Johnson
Published: February 23 2005 02:00 | Last updated: February 23 2005 02:00
Financial markets reversed yesterday on concerns that Asian central banks were diversifying out of US dollar assets and that demand for oil would remain persistently strong.
The dollar fell sharply in foreign exchange markets, crude oil prices jumped back above $50 a barrel and stock prices declined worldwide. The Dow Jones Industrial Average closed 1.61 per cent lower at 10,611.20, and the S&P 500 lost 1.45 per cent to 1,184.16 - their...
Why corporations love Bush's weak dollar policy2005-01-07 11:31:35 by Truthaddikt
Many corporations are making more money in the foreign exchange markets than they are in their 'real' business. Thanks to Bush constantly talking down the dollar...
Daimler made more from forex than selling cars
DaimlerChrysler has acknowledged that more than half its second-quarter operating profit was generated by favourable currency trades, indicating the German-US concern made more money on foreign exchange than in selling cars.
Last month the car maker reported quarterly operating profit of 641 million ($1 billion). Although that was down 62 per cent from the second quarter of 2002, it beat some analysts' estimates.
At the time, DaimlerChrysler said currency trading to soften the impact of the euro's rise against the US dollar had a "positive...
Vantage FX UK Launches New Bloomberg TV Campaign — MarketWatch
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