Euro Falls Against Dollar On Bank Writedowns Today is the start of a fresh quarter, and it is Euro’s turn to have its sentiment undermined, at least against the dollar. After failing to test its record high on Monday, the Euro has fallen steeply against the US dollar on renewed ... Go...

Stocks Rally on Writedowns Stocks rallied today as UBS (UBS: 33.01 0.00 0.00%), Switzerland’s largest bank announced a further writedown of $19 billion and that its chairman will resign. It also announced that it would be raising a further $15 billion in capital. ... Go to Full Article

US News: US Factory Orders fall 1.3% versus expectation of -0.8 New Orders -1.3% vs. -2.3% Ex-transportation -1.8% vs. -0.3% Capital goods -1.0% vs. -8.6% Non-defense -0.8% vs. -7.7% Durable goods -1.1% vs. -4.4% Ex-transportation -2.4% vs. -0.8%" Shipments -2.1% vs. -1.1% Inventories +0.5%...

Forex Trading - Westlb reports $2.5 bio loss on subprime - the ... Westlb goverment owned bank lost $2.5 bio on subprime The woes of the banking world are far from over Who is next is the only fair question. Go to Full Article

Forex News:Bernanke Comments on Capitol Hill CREDIT MARKETS STILL UNDER CONSIDERABLE STRESS; FURTHER HOMEBUIDING DROP IN COMING QUARTERS; ECONOMY MAY CONTRACT SLIGHTLY IN FIRST HALF; BEAR STEARNS TOLD FED IT WOULD FILE CHAPTER 11; GROWTH PROSPECTS ABROAD DIMINISHED SOMEWHAT ... Go to...

Forex Trading - Preview of Bernanke Expect the overall tone to be positive towards the. read more. Go to Full Article

Forex Trading: The dollars strength helps the USDJPY get above the ... The USDJPY was able to move higher above the 50% retracement level at 102.17 as the dollar continued to strengthen this morning. The pair is trading at the highest level since March 12th. 102.80 will be eyed as upside...

Forex News: Bank of Canada's Jenkins on the wires 98-CENT DOLLAR CONSISTENT WITH ECONOMY; MOST OF CURRENCY'S ADVANCE LINKED TO COMMODITIES; INFLATION EXPECTATIONS ARE WELL ANCHORED; HIGH CURRENCY A BUFFER' AGAINST COMMODITY PRICES; HE EXPECTS US HOUSING TO BE WEAK INTO NEXT YEAR ... Go...

Forex News: ECB Almunia speaking on the wires MAJOR EFFORT' TO BOOST SAVINGS IN US; STATE FUNDS BETTER PLACED TO WITHSTAND TURMOIL; MORE FLEXIBLE YUAN RATE WOULD HELP CUT IMBALANCES; PERSISTENT IMBALANCES AT UNSUSTAINABLE LEVELS; SAYS GLOBAL IMBALANCES ARE CONTINUING THREAT ... Go to...

Bobby's Corner-Market Open 4.2.2008 Wednesday, April 2, 2008. Good Morning:. The dollar rally lost steam overnight as it fell against other major currencies. Today’s testimony to Congress from Fed Chairman Bernanke, along with today’s ADP Employment report added ... Go to Full Article

Forex News: ADP up 8000 in the latest month Better than expected. Small business led the gain. Go to Full Article

Euro Decline to Accelerate The most bearish count for the EURUSD implies that the decline will accelerate with 1.5673 remaining intact. Go to Full Article

Forex News: U.K. Housing Declines Further, IMF Cuts Global Forecast The U.K. housing market continues to deteriorate, as mortgage approvals fell to 73,000, near their lowest level in nine years. F Go to Full Article

Forex Technical Analysis for 03/31—03/04 Week EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4958 1.5149 1.5475 1.5666 1.5992 1.6183 1.6509 GBP/USD 1.9307 ... Go...

Personal Income Sends Dollar Up The US dollar gained against the euro and the pound today after the release on personal income and spending came out. EUR/USD fell down from 1.5813 to 1.5761, while GBP/USD slid down from 2.0071 to 1.9947. Personal income rose 0.5% in ... Go to Full Article