Forex Trading News
Dollar, Euro, Pound & Yen

23:34 Wednesday 30 June, 2010

More insights on the economy, with Leon Cooperman, Omega Advisors chairman & CEO and Mario Gabelli, GAMCO Investors chief investment officer.

23:26 Wednesday 30 June, 2010

NEW YORK (MarketWatch) -- U.S. stocks opened mostly lower Wednesday after ADP Employer Services reported U.S. companies widened payrolls by 13,000 in June, far less than expected. "Lame is the first word that comes to mind as it compares to expectations of 60,000," wrote Peter Boockvar, equity strategist at Miller Tabak, in a note.

19:38 Wednesday 30 June, 2010

Clay Carter, head of international equities, Perennial Investment Partners, says he is not expecting to see a double dip recession as he is confident the global economy will recover. He shares his thoughts with CNBC's Oriel Morrison & Adam Bakhtiar.

19:33 Wednesday 30 June, 2010

The Japanese yen has been back in favor in recent months, as continuing worries over the outlook of the global economy boosted demand for the currency.

The yen is hovering at an eight-week high against the dollar, and trading at its strongest level against the euro since 2001.

But a look at the performance charts suggest it may be time to pick up the dollar-yen trade, which is showing a very strong support level between 87 and 88 yen.

19:22 Wednesday 30 June, 2010

Invesco portfolio manager Bernard Aybran talks about the dangers of a double dip recession for global economies and keeping a portfolio protected.

19:13 Wednesday 30 June, 2010

Euro-zone banks were less eager than expected to tap a European Central Bank three-month loan facility on Wednesday, easing liquidity-related fears about the health of the financial sector.

The ECB said it allotted 131.9 billion euros ($161.1 billion) in three-month tenders at a fixed rate of 1% in the refinancing operation, news reports said. The refinancing was closely watched, coming ahead of the expiration Thursday of a €442 billion 12-month refinancing operation.

Economists had widely expected banks to roll over around €250 billion in the 12-month loans.

19:09 Wednesday 30 June, 2010

Asian stocks fell Wednesday, tracking sharp Wall Street declines overnight, amid mounting fears of a double-dip recession in the global economy. Exporters in Japan were hit hard by the yen's recent strength against the euro.

But losses in markets were somewhat limited as regional bourses had already dropped heavily on Tuesday --partly in reaction to a downward correction to the Conference Board's China leading economic indicator--and most markets were above their earlier lows.

"We're in a vicious cycle where U.S. economic figures are worsening, leading to falls in bond yields and the selling of the dollar," said Investrust Chief Executive Hiroyuki Fukunaga.

11:21 Wednesday 30 June, 2010

Hatred for the euro isn't going away anytime soon, according to Dennis Gartman, founder of The Gartman Letter.

11:15 Wednesday 30 June, 2010

Insight on the electric car company's IPO, with Tesla CEO Elon Musk and CNBC's Phil LeBeau.

11:12 Wednesday 30 June, 2010

Chinese stocks will continue to trend lower in the second half of the year, pressured by tighter lending policies and a gloomy global outlook, according to a leading Hong Kong-based strategist.

Andrew Ferris, senior investment strategist for Asia at BNP Paribas, says the sharp sell-off in Shanghai on Tuesday, which saw China stocks skid to a 14-month low, is in line with the overall weakening trend that's been in place since the start of the year.

He believes asset prices are likely to remain under pressure until Chinese authorities ease up on their current tightening campaign -- something that won't happen for some time.

"They are not going to let go quickly or easily," Ferris said referring to the determination of Chinese authorities to push ahead with recent administrative measures to cool credit growth.

"China will continue to have tight monetary policy until the end of year," he added.

11:08 Wednesday 30 June, 2010

Japanese shares dropped sharply out of the open Wednesday, in line with a heavy sell-off in the U.S., as banks and tech shares helped lead the fall on concerns about the global economy.

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