TOP 100 FOREX SITES
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| USD/JPY May Become Scalping Target as S/R Levels Firm (DailyFX) The USD/JPY has been surprisingly under pressure as a surge in risk appetite has led to across the board dollar weakness. The greenback and yen have been the primary funding currencies and typically see weakness when optimism prevails. finance.yahoo.com |
Japanese Yen May Falter as Speculation For BoJ Intervention Resurfaces (DailyFX) Japanese Yen May Falter as Speculation For BoJ Intervention Resurfaces Fundamental Forecast for the Japanese Yen: Neutral - Fed Chairman Bernanke Stirs Up Risk Aversion - USD/JPY: Remain Long, Targeting Advance to 88.80 - USDJPY – Japanese Yen Outlook Positive Amidst Sentiment Shift The Japanese Yen weakened against most of its major counterparts following a rise in risk appetite paired with speculation for a currency intervention, and the USD/JPY may continue to retrace the decline from earlier this month as policy makers in the world’s second largest economy see scope to ease policy further in the second-half of 2010. finance.yahoo.com |
New CFTC Forex Trading Rules Call For 50:1 Leverage [at Forbes] - The new leverage rule calling for a minimum 2% deposit on trading major forex currencies off-exchange seems on par with what commercial banks like Citi FX Pro offer their retail forex trading customers now. us.rd.yahoo.com |
More countries intervening to keep currencies down [at Reuters] - More governments around the world are moving to keep their currencies from appreciating as a way of boosting their economic recovery, and as Japan intervened in the currency market on Wednesday for the first time in six years to curb the surging yen. us.rd.yahoo.com |
Gold, oil add to loss after data pushes dollar up Losses accelerated for gold and oil after a report showed a 6.6% increase in sales of new homes in September. The larger-than-expected rise sent the dollar higher, which in turn weighed on commodities. us.rd.yahoo.com |