The Asian markets began with a shock as the Reserve Bank of New Zealand unexpectedly cut interests by 25 basis points to 8%. Kiwi promptly broke lower from the .7500 area to below .7450 and has had trouble getting back over that level since then. To add fuel to the fire, the RBNZ, based on the economic and inflation outlook, expects to cut further. While the USD was well bid during the NY session and against NZD, we saw the USD drift lower albeit not at the same pace of selling we
The Asian markets began with a shock as the Reserve Bank of New Zealand unexpectedly cut interests by 25 basis points to 8%. Kiwi promptly broke lower from the .7500 area to below .7450 and has had trouble getting back over that level since then. To add fuel to the fire, the RBNZ, based on the economic and inflation outlook, expects to cut further. While the USD was well bid during the NY session and against NZD, we saw the USD drift lower albeit not at the same pace of selling we
At a conference for developers in Portland, Ore., Zimbra, a Yahoo company, is set to release a beta version of Yahoo Zimbra Desktop, ...
-------------------------------------------------------- INTRA-DAY USD/CHF OUTLOOK : 1.0381 Updating time : 23 Jul 2008 23:30 GMT Despite dlr's firmness after yesterday's cross- inspired rise to 1.0401, 'loss of momentum' shud limit upside to 1.0420/30 in Asia n reckon 1.0450 wud hold, yield minor correction later. Wud not chase this move here, instead, stand aside in the meantime. Below 1.0335 wud
- Forex: The high-yielding Aussie and Kiwi currencies both came under pressure in Asia, with AUD/USD testing stops below $0.9590 and NZD/USD trading near six month lows after the RBNZ cut interest rates by 25bps. EUR/USD also looked heavy throughout the session, with European Commissioner Almunia telling the press that he is concerned about the EUR being overvalued. GBP/USD spent most of the session in a 15pip range, with the U.K. Telegraph running a story referencing a report "from a key
Q: I have diversified my accounts, including my IRA, but it keeps losing value anyway. What did I do wrong?
