Nasdaq Returns To Negative Territory In Afternoon Trading (Nasdaq)(RTTNews) - After starting the week off on a significantly negative note, stocks have shown a lack of direction throughout the trading day on Tuesday, with the major averages unable to sustain any significant moves after posting steep losses in the previous session.
South Korean Won Surges To 2-day High Against Dollar (Nasdaq)(RTTNews) - The South Korean won staged a sharp rise against the US dollar during early Asian deals on Wednesday. The won rose to a 2-day high of 1339.85 against the greenback by 7:45 pm ET and is currently trading at 1340.90. On the upside, the won may find target near the 1327.20 level.
Day Trading Guide (The Hindu)DLF and L&T stocks are pausing at their current levels. Avoid trading in these counters. We re-affirm our sell recommendation in Reliance Capital and Reliance Communications . The near-term outlook is bearish for ICICI Bank and ONGC . We recommend sell in these counters.
Growth Rate Of Forex Reserve Falls (People's Daily)The country's foreign exchange (forex) reserve increased by $417.8 billion last year, $44.1 billion less than in 2007, the People's Bank of China (PBOC) said yesterday. The central bank also said the supply of money and loan growth picked up in December, reflecting the government's effort to boost the economy through proactive fiscal and moderately loose monetary policies. The country's forex ...
The Emerging Forex Indicators (Business Standard India)The worries of a rupee collapse along with equity are mistimed. Expect the Indian currency to strengthen going forward. The frantic call index has spiked again, as the number of Forex queries has suddenly shot up at Orpheus. And, as always, the queries poured in from multiple regions.
Forex Trading: The Most Common Flaws (PIZZAHEROS)Many traders are very much attracted to the sophistication offered by the multi indicators and use them in their forex trading systems. Many of the confluence system indicators show the price movement and in no way adds any value to the trade.
