Currency Trading

A Summary of Currency News making the headlines in the blogosphere

Forex Trading News: The Bank of Japan Monthly Report Released BOJ LEAVE ECONOMIC ASSESSMENT UNCHANGED IN JUNE; DOWNGRADES VIEW ON EXPORTS & CORP PROFITS – Says economy is slowing on high energy and material costs – Says Japan on moderate growth track – Exports continue to rise but at a slower pace …

Forex Trading News – Bank of France Business Sentiment The Bank of France released its Business sentiment number was weaker than expected at 97 versus the survey expected at 100, in addition the back month revision was 100 versus the 101 print. This weaker survey pushed down the Euro and the …

Forex Trading News – Japan Consumer Confidence Japanese consumer confidence came in weaker than expected at 34.1 vs. expectations of 35, also weaker than last months report at 35.4. The Yen has had no reaction off this release against any major currency pair.

Forex Trading News: EUROZONE Data Released The Employment change comes out at 0.3% from the previously revised 0.3%. No forecast for this release. The Labor Cost number increased to 3.3% from the previously revised 2.9%. A slight rise was forecast to 2.9%. …

Forex – Dollar rallied broadly on better than expected US retail sales The Dollar rallied broadly on Thursday after data showed a surprisingly strong gain in US retail sales, up 1% last month, boosting expectations that the Federal Reserve may raise interest rates this year. …

Electronic currency company is subject to the Bank Secrecy Act …A recent US federal court ruling that an electronic currency company qualifies as a money service business and is subject to the BSA could expand the due diligence responsibilities of banks that work with similar businesses.

Forex:Eur/Usd staying in a tight range Eur/Usd staying in a tight range after those volatile swinging up to a high of 1.5830 and then filling the gap back down to 1.5450. We see it pull back and stop on the 33.3 retrancement level. read more.

Forex Trading – US MAY CONSUMER PRICES RISE 0.6%; CORE INDEX UP 0.2% Strong CPI data will keep the Fed rate increases on the front page.

Latest Forex Currency News US Dollar Trading (USD). US Dollar Trading (USD) was extremely volatile against all majors on Tuesday as Fed officials, notably Cleveland member Pianalto cited inflationary risks. However Chairman Bernanke did note that the ongoing …

Forex Currency News Today US Dollar Trading (USD). US Dollar Trading (USD) was mixed against a number of majors on Friday as the Trade deficit narrowed sharply for the month of March, with imports falling 2.9% the most since the last recession ended. …

Forex Currency News US Dollar Trading (USD). US Dollar Trading (USD) was mixed versus a number of majors as inflation reports for the month of April were below expectations, coming in at 0.2%/3.9% (Forecast: 0.3%/4.0%). Furthermore the Chicago Board of …

State bank denies currency, bank failure rumours Vietnam’s State Bank Thursday dismissed rumours of planned currency reforms and possible bank failures, one day after it devalued the dong and raised interest rates. “There will be no change in the money at this time, and no banks will …

The Next Reserve Currency is The Rouble Apparently, Russia has aspirations to turn its currency, the Rouble, into an international reserve currency. Moreover, according to an official with the International Monetary Fund (IMF), this plan is not that far-fetched. …

So that’s all for now.