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HOW DOES THAT HOPEY CHANGEY CRAP LOOK NOW YOU LIBERAL/PROGRESSIVE MORONS?? The dollar fell to a one-month low against a basket of currencies on Tuesday and a record low against the Swiss franc after a Chinese official said the greenback would continue to weaken versus other major currencies. The head of the international payment department at the Chinese forex regulator also warned about the risks of excessive holdings of U.S. dollars. The dollar index [.DXY 73.61 -0.34 (-0.45%) ]fell to a low of 73.601, the lowest since May 5, while the greenback fell to 0.8328 Swiss francs on trading platform EBS a record low. "China has been growing its share of U.S. securities quite aggressively in the past, and the threat that they will be selling these holdings has always been there," said Adam Myers, senior forex strategist at Credit Agricole. "But this is not a credible threat as a sell-off will lead to a steepening of the U.S. yield curve which will hurt the U.S. and the Chinese, who are dependent on the U.S. economy. But I do agree that the dollar is headed lower in the long term." Bernanake in Focus While the euro hit one-month highs, worries about a faltering U.S. economy have boosted market expectations for the Federal Reserve to keep interest rates lower for longer, making the dollar an attractive funding currency. A fall in U.S. shares to 2-1/2 month troughs is fanning expectations that the Fed is eager to keep rates low for a protracted period, with some market players even talking about the possibility of QE3 after the current asset buying programme, dubbed QE2, is completed at the end of this month. Fed Chairman Ben Bernanke will be speaking on the U.S. economic outlook at 3:45 p.m. in Atlanta (1945 GMT) on Tuesday, his first appearance after Friday's U.S. job data that cemented the view that the U.S. economy has hit a soft patch. STOCKS
you know that feeling you get when you do something all day and your just praying that it would just end? well, this is something for me. stock market, I'm just sick of it, i have so many things i have to know about it, stock quotes,international market data, portfolio management resources, NASDAQ, stock exchange, forex trading, and it just goes on and on and on..... T_T, and just when your walking down the street just saying to your self "finally the day is over" , this yellow screen pops out T_T, huh, yes it involves my work, it's not hard, but it's a lot of work and numbers. so yeah, that's just part of my life See also: de divisas forex robots trading the forex market forex autopilot key forex danmark day trade limit free forex indicators forex automatic trading robots forex news reports |