| Bank of America hires 2 to head forex options unit (AP) Bank of America Merrill Lynch said Wednesday it hired two foreign exchange options traders to head its global foreign exchange options business. us.rd.yahoo.com |
Euro Halts Two-Day Decline, British Pound Advances on PM Gordon Brown's Comments (Daily FX) The euro halted the two-day decline against the greenback and bounced back during the overnight session after finding near-term support at the 20-Day moving average, and the single-currency may continue to retrace the sell-off from the previous week as growth prospects improve. us.rd.yahoo.com |
What's Up, What's Down: Dollar Index in a Major Downtrend (TradingMarkets.com) Copper is still in a major uptrend; while the U.S. dollar is still in a major downtrend. Read Rick Alexander's comments for more on the commodities. us.rd.yahoo.com |
Australian Dollar Resistance Comes in at .9200 (Daily FX) The recent bout of US dollar weakness is not universal. Weakness is for the most part against the Australian and New Zealand dollars. Both of these pairs are closing in on resistance - at .9200 and .7330. us.rd.yahoo.com |
US Dollar Down but Not Out (Daily FX) The US dollar is down against most major currencies to begin the week but the decline presents long USD opportunities, especially in the GBPUSD. us.rd.yahoo.com |