FOREXLEARNING

Euro slides from 6 1/2-month high »

The European common currency stopped its rally for three consecutive weeks against the dollar after touching 6 1/2-month high earlier today, while it also retreated against other majors on renewed debt concerns.
Financial Times said the Irish budget deficit for 2010 will be higher than the latest estimates, while Nobel Prize-winning economist Joseph Stiglitz said European [...]

Global stocks surge on world stimulus hope »

By Alex Richardson
SINGAPORE | Wed Oct 6, 2010 3:39am EDT

SINGAPORE (Reuters) – Stocks and metals rose on Wednesday while the dollar and Japanese bond yields fell after monetary easing moves by the Bank of Japan spurred expectations of a new round of central bank action to [...]

U.S. probes computer algorithms after “flash crash” »

WASHINGTON | Tue Oct 5, 2010 5:36pm EDT

WASHINGTON (Reuters) – U.S. regulators are investigating trading algorithms after they found that a computer-driven sale helped trigger May’s flash crash, Securities and Exchange Commission Chairman Mary Schapiro said on Tuesday.

Although regulators have rolled out a program to help [...]

U.S. Pending Home Sales and Factory Orders Show Stable U.S. Economy »

U.S. Pending Home Sales and Factory Orders Show Stable U.S. Economy
The following is a summary of the main economic events of October 4th, 2010:

U.S. pending home sales climb 4.3% in August, better than the +2.5% expected. The July reading is revised lower to +4.5% from 5.2%. USD gains.
U.S. factory orders fall 0.5% in August compared [...]

Soros blames Germany for Europe “deflation spiral” »

By Walter Brandimarte
NEW YORK | Wed Oct 6, 2010 12:41am EDT

NEW YORK (Reuters) – Billionaire investor George Soros blamed Germany for leading the implementation of austerity measures that will throw the euro zone into a “deflation spiral.”

Additional fiscal stimulus –and not fiscal discipline– is the way [...]

AIA warns failed Pru deal could impact business »

By Kennix Chim and Denny Thomas
HONG KONG | Wed Oct 6, 2010 2:55am EDT

HONG KONG (Reuters) – AIA Group Ltd, which aims to raise about $15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential Plc (PRU.L) [...]

Dollar under attack »

Signs that Europe is in less need of a further round of quantitative easing sparked a rally for the euro and pound, while shattering the potential for a rebound in the dollar. Changes in the Bank of Japan’s operations also appear to have failed to stem a flight into the rising yen once again leaving [...]

Money Printing »

It was a day of surprises on Tuesday as the Bank of Japan (BoJ) not only created a JPY 5 trillion fund to buy domestic assets including JGBs but also cut interest rates to zero. Expect more measures to come in the fight against a stronger JPY and deflation. The Reserve Bank of Australia (RBA) [...]

Forex Midday Report- Oct 5th »

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money [...]

HICP ex tobacco should print at 1.7% yoy »

The flash estimate for eurozone September HICP showed an acceleration to 1.8% yoy vs. the previous 1.6%, in line with our and consensus expectations. This is the highest yoy reading since November 2008, and is consistent with a 0.2% price increase on a monthly basis. HICP ex tobacco should print at 1.7% yoy.

We expect [...]