Yen Slides as Central Banks Act Jointly

The Japanese yen fell today against the other major currencies on Forex after the central bank of the developed countries said that they will act together to provide…

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Pound Falls vs. Euro After Jobless Report

The Great Britain pound fell against the euro, while being moderately up against the other major currencies, after the release of the BoE’s minutes and the jobless claims…

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Pound Rises vs. Dollar on Rate Cut Bets

The British pound rose today against the U.S. dollar as the traders started to bet on the interest rate cut in the United States based on the recent catastrophic developments…

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Buy AUD for NZD Can be Next Big Trade Idea

The Australian currency may experience considerable gains against the New Zealand dollar soon as the New Zealand’s central bank showed commitment to the extreme rate cutting in the fear…

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Chinese Yuan May Slowdown on Lower CPI

The Chinese yuan traded almost unchanged in price against the U.S. dollar today after posting a significant gain yesterday on speculations that the central bank will reduce the…

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Pound May Fall 20% More before 2009

The Great Britain pound returned to its declining trend today even after the big positive opening gap this week. Analysts believe that this year may become…

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Euro Rose on ECB Rate Signals

The euro rose today against the dollar and yen for the second day and for the third day against the Great Britain pound after the…

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