Following the shell attack of North Korea on South Korea, Japan demands that the US, Japan and South Korea retaliate and attack North Korea. Japanese Prime Minister Naoto Kan called US President Barack Obama and South Korea’s Lee Myung-bak, and demanded an immediate response. Around 30,000 US troops are based in South Korea, and the 7th … “North Korea – Japan Demands Firm Retaliation”
Author: admin_mm
Swiss Franc Gains on Korean Conflict
The Swiss franc strengthened today after North and South Korea exchanged the artillery fire, increasing demand for the currency as the safe haven. South Koreaâs Joint Chiefs of Staff stated that North Korea fired artillery shells into the South near the western border between two nations. The MSCI Asia-Pacific Index of shares (excluding Japan as its markets closed for holiday) dropped as much as 1.9 percent. USD/CHF traded at 0.9888 as of 9:59 GMT … “Swiss Franc Gains on Korean Conflict”
Rumor – Kim Jung Il Dead – Can Explain North
Gerry Davies reports that there’s a rumor about the death of North Korean leader Kim Jung Il. This could explain why North Korea attacked South Korea with shells, killing a few people. Kim Jung Il’s heir, Kim Jong-un, might want to show that the North is still strong and that there’s a new guy in town … “Rumor – Kim Jung Il Dead – Can Explain North”
Irish Bailout Doubted as the Government May Collapse
In a dramatic press conference, Irish PM Cowen announced that he would dissolve the parliament right after the budget passes. But can he pass it? The Irish government, led by prime minister Cowen and by finance minister Lenihan, may not be able to pass the 4 year budget. Their coalition partner, the Green Party, demanded … “Irish Bailout Doubted as the Government May Collapse”
US Dollar Strengthens as Traders Believe in Quantitative Easing
The US dollar rose today against the euro and the Great Britain pound as many traders believed in the positive effect of the quantitative easing on the US economy, despite the criticism from the economists. The dollar dropped against the Japanese currency. The Dollar Index, which tracks the performance of the US currency versus the currencies of the US six major trading partners, jumped as much as 5.1 percent after it reached it lowest level this year on November 4th. … “US Dollar Strengthens as Traders Believe in Quantitative Easing”
Concern for Ireland’s Debt Pushes USD/CAD Higher, EUR/CAD Lower
The Canadian dollar fell versus its US counterpart and advanced against the euro as the optimism for Ireland’s rescue package wasn’t been able to sustain the good outlook for Europe’s economy. The optimism for Ireland’s bailout supported the markets last week, but it was short-lived without actual signs of the improvement. For now situation looks even worse as the Moodyâs Investors Service said that it may downgrade Ireland’s credit rating more than … “Concern for Ireland’s Debt Pushes USD/CAD Higher, EUR/CAD Lower”
NZD Drops as S&P Downgrades New Zealand Credit Rating Outlook
The New Zealand dollar dropped heavily today as the Standard & Poor’s downgraded its outlook for New Zealand’s credit rating as the nation’s banks may be weakening. The outlook for the New Zealand credit rating was downgraded from stable to negative by S&P. S&P confirmed the âAA+â long-term and âA-1+â short-term sovereign credit ratings of New Zealand. Alan Bollard, the governor of the Reserve Bank of New Zealand, said last week that the nation’s … “NZD Drops as S&P Downgrades New Zealand Credit Rating Outlook”
Stop Loss – Did You Try Trading Without It?
Andriy put up an interesting post about the famous or infamous stop loss. He asks if you trade without it – something which is usually highly not recommended. He mentions that everybody witnessed his stop loss being taken just to see the market change direction in their favor immediately afterwards, making it very very frustrating. … “Stop Loss – Did You Try Trading Without It?”
Concerns for European Debt Undermines Euro’s Strength
The euro jumped today on the speculation that the rescue package would help Ireland to deal with its debt crisis, but after the sharp advance the currency experienced even stronger drop and currently continues to decline. Brian Lenihan, Ireland’s Finance Minister, said on the press conference yesterday that the loan would be less than â¬100 billion ($137 billion), but refused to provide more details. Brian Cowen, Prime Minister, … “Concerns for European Debt Undermines Euro’s Strength”
Forex Sites Traffic Jumps in October
Arnaud Jeulin of mataf.net published statistics of forex sites in October. The data, based on Google’s Double Click Ad Planner, shows that Forex Factory continues to be the clear leader of the space, with small growth also in October. DailyFX, owned by FXCM remains in second place, with a small dip. FXStreet is in the … “Forex Sites Traffic Jumps in October”