Some analysis believe the euro may fall

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Thursday, 14 April 2011 12:46

Some analysis believe the euro may fall below $1.40 after recent gains made it close to 20 percent overvalued in terms of purchasing power.

The FTSE was lower in early trading today

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Thursday, 14 April 2011 12:33

The FTSE was lower in early trading today mainly off the back of Chinese inflation worries and also as Reckitt Benckiser was lower on the news it was losing it’s CEO

USD against EUR and JPY.

Last Updated on Thursday, 14 April 2011 12:06 Written by Elena Rajkovic Thursday, 14 April 2011 11:55

The Euro gained almost 0.5% against the US Dollar, to trade at 1.4508; currently trading at 1.4479. US dollar also fell against the Japanese Yen, hitting a 83,20 low and currently trading at 83,37 – USD is slipping ta a 16-month low in the Asian trading market.

Asian Markets quiet

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Thursday, 14 April 2011 09:27

Asian markets were off or slight up on low volume trading. Australia is down as well but all in the 0.50~1 % levels.

The leaders of Brazil, Russia, India, China and South Africa

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Thursday, 14 April 2011 07:24

The leaders of Brazil, Russia, India, China and South Africa (BRICS Nations) said extremely volatile commodity prices pose a threat to the global economy. The combined gross domestic product of the BRICS nations will be greater than the US economy by the end of 2014, according to the IMF.

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