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Sridhar Krishnaswami Washington, Oct 12 The Reserve Bank has warned that the global financial crisis can spread to India through equity and forex markets, while money, debt and credit markets could be impacted indirectly due to the continuing onslaught.
Equity, forex mkts channels for spreading crisis to India: RBI (The Economic Times)
The Reserve Bank has warned that the global financial crisis can spread to India through equity and forex markets, while money, debt and credit markets could be impacted indirectly due to the continuing onslaught.
Euro/US Dollar Forecast to Decline According to Forex Trading Signals (Daily FX via Yahoo! Finance)
Our proprietary forex trading signals have aggressively sold the Euro against the US Dollar, forecasting that we may see continued EURUSD declines through upcoming trading. Indeed, increasingly bullish crowd sentiment on the Euro/US Dollar pair has led our Speculative Sentiment Index-based “Momentum2″ trading strategy to sell into crowd buying?taking a contrarian position to increasingly …
Euro/US Dollar Forecast to Decline According to Forex Trading Signals (Daily FX)
Our proprietary forex trading signals have aggressively sold the Euro against the US Dollar, forecasting that we may see continued EURUSD declines through upcoming trading.
G7 Rescue Plan Boosts Confidence - Is the Worst Behind Us? (Euro Open) (Daily FX via Yahoo! Finance)
The Euro and British Pound rose as forex traders saw confidence rebound following the unveiling of a coordinated financial markets rescue plan at the weekend?s G7 summit. A meaningful rebound in risk appetite will likely see the US Dollar come under continued selling pressure, though interest rate expectations continue to favor the greenback in the longer term.
(AFX UK Focus) 2008-10-12 20:49 G7 forex words are “agreed terms of reference”-ECB (Interactive Investor)
WASHINGTON, Oct 12 (Reuters) - The position of the Group of Seven nations on foreign exchange as stated at a euro zone news conference on Friday is not part of the formal G7 communique, but is a “G7 agreed terms of reference” on the issue, the European Central Bank said on Sunday. Finance ministers and central bankers from the United States, Canada, Japan, Britain, Germany, France and Italy …
10-10-2008: Forex market at crossroads (The Edge Daily)
PETALING JAYA: The coming two weeks are crucial for the global foreign exchange (forex) market as how the US dollar fares during this period will determine whether it can be sustained at a key level against other major currencies, a strategist said.
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