Data Classification using Neural Networks

Currency Exchange Review 02.05.2012
However, some networks never

The Pound declined against the Euro and the Dollar yesterday.

U.K. manufacturing sector expanded less than forecast in April, the Markit/CIPS purchasing managers’ index showed on Tuesday. The index declined to 50.5 down from 51.9 in March. Reading above 50.0 indicates industry expansion.

“The good news is that manufacturing clocked up a fifth straight rise, whilst cost pressures have eased a little and some firms are still recruiting, ” said Lee Hopley, chief economist at EEF, the manufacturers’ organisation.

“The bad is that ever-present eurozone woes are still bearing down on the short term outlook, with some suggestion of renewed downward pressure on export orders over the past month.”

Howard Archer, chief UK economist at IHS Global Insight, said the survey was: “Disappointing and an early blow to hopes that the economy will return to growth in the second quarter, especially as the extra day’s public holiday resulting from the Queen’s Diamond Jubilee will hold back overall economic activity during the quarter.”

The Dollar made gains against the Euro and the Pound as the dollar found support following strong manufacturing data which also lifted greenback ahead of the ADP report that is expected to show U.S. companies added more workers during April.

Source: currencyexchange-advice.com

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But mostly traders are speculating against $$s

2007-11-26 13:29:11 by dylanman

Perhaps the $ selloff is overdone now, who knows. I thought this news bit was interesting. Yen carry traders who have been phreaakked by the pittance of a rate increase by the bank of japan, have been switching over. A good short term call it's proven to be, but I'm skeptical and have a bearish view of the yen.
excerpt from article below:
Dollar Displaces Yen, Franc as Favorite for Funding Carry Trade
By Bo Nielsen
Nov. 26 (Bloomberg) -- Using the dollar to pay for purchases of currencies with higher yields is proving to be the most profitable trade in the foreign-exchange market.
A basket of currencies including the British
pound, Brazilian real and Hungarian forint financed with dollars returned 17 percent this year, compared with 9 percent when...

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