Online Forex Trading

Scandi Daily 03.10

admin — Wed, 10 Mar 2010 06:46:43 +0000

British Pound Little Changed in Asia, Industrial Production on Tap Ahead

admin — Wed, 10 Mar 2010 06:46:42 +0000

The British Pound was little changed in Asian trade, treading water near familiar levels ahead of a report that is expected to show industrial production shrank at the slowest annual pace in nearly two years.

Opening Comment 03.10

admin — Wed, 10 Mar 2010 06:46:42 +0000

While most currencies have been consolidating in a tight range since the North American close, Kiwi stands out and has outperformed on the session, with no direct catalyst for the demand other than some pre-RBNZ volatility.

Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains

admin — Wed, 10 Mar 2010 06:46:42 +0000

• Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains
• Euro Stumbles as Policy Officials Voice Their Doubts over Greece and an EMF Solution
• British Pound Hit by Data and Credit Rating Warnings
• Japanese Yen Benefits from Carry Unwinding and Strong Signs of Economic Recovery

A Quick Recovery Prevents a Decisive Crude Reversal as Investor Fears Starts to Percolate

admin — Wed, 10 Mar 2010 06:46:41 +0000

Just a day after testing an eight-week high, crude suffered a notable setback through the first half of Tuesday’s session. Through the European trading hours, the commodity would plunge as much as 2.1 percent and subsequently disrupt the steady drive bulls have been more or less able to sustain since the dramatic reversal a month ago.

Indian Market Turns Positive After Subdued Start