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HK OVERNIGHT RESULTS:

Last Updated on Wednesday, 20 April 2011 01:54 Written by BingoEnt Thursday, 31 March 2011 10:52

Daphne 210 HK Upgrade to OW: Favourable risk-reward – BoCom 3328 HK OW: Concerns removed… time for the stock to react – Baosteel 600019 CH OW: FY10 result inline, 2011 outlook positive – Intime OW: Results beat, SSSG momentum to accelerate

The Japanese currency depreciates to almost a Year low.

Last Updated on Wednesday, 30 March 2011 12:27 Written by Elena Rajkovic Wednesday, 30 March 2011 11:52

The Japanese yen declines to a 10-month low against the Euro dropping to 116.77 after battling with 116.96 but failing to subdue. This is the weakest that the Japanese currency dropped since May 2010.

Dollar is Flying, while Yen is looking delicate

Last Updated on Tuesday, 29 March 2011 05:59 Written by Elena Rajkovic Tuesday, 29 March 2011 04:33

Bullard’s discussion in Prague boosts the US Dollar. Useful information for forex traders. EUR/USD was trading at 1.4127 from the time of the previous post and is now trading at 1.4059, resulting in the depreciation of the Euro. As well as the GBP/USD trading at 1.5970..

Gfk German Confidence Index

Last Updated on Tuesday, 29 March 2011 12:13 Written by Elena Rajkovic Tuesday, 29 March 2011 12:13

Following Merkel’s defeat in an important region of Germany resulting the Euro to drop, and a speech by Trichet which made the Euro to rise slightly against the Dollar to 1.4095, more news appear to affect the currency..

Sterling is the weakest link

Last Updated on Monday, 28 March 2011 08:20 Written by Elena Rajkovic Monday, 28 March 2011 06:21

Sterling proved to be the weakest link in today’s major trading as it slipped to a 60 day low of 1.5935 against the Dollar. The UK weak economy seems to be impacting the British currency with its slow recovery.

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