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The Japanese yen gave up some of its recent strength against the greenback shed in the meeting on Wednesday, almost 1%.  Meanwhile, the main currencies against the dollar slightly higher, with the British pound frame of 0.35%.  U.S. stocks also recouped earlier losses derived from, finishing slightly higher as the Dow Jones over the 10k level.  Crude oil climbed even higher, derived its steep losses in recent weeks to a higher trading up 1.7% to $ 72.83 a barrel, while spot gold fixed by 0.8% to $ 1,240 per ounce settlements. Passed to a further deterioration in U.S. real estate market reflected by the recent series of gloomy economic reports and stoking fears of a double-dip recession.  The July new home sales report sharply missed consensus estimates for a flat reading, but instead crashed by 12.4% to a record low at 276k units compared with a downwardly revised reading of 12.1% from June at 315k units.  The house price indices with the Q2 house price index r...

The Australian dollar was the key gainers in the session on Wednesday, the promotion of almost 2.4% against the greenback, while the Canadian dollar confirmed by more than 1.5%.  The U.S. equity markets posted strong gains, with the S & P 500 and Nasdaq rally racing higher by almost 3% and the Dow Jones than 2.5%.  Crude oil also clawed higher, climbing just shy of $ 74 to improve per barrel by 2.75%. The economic reports were released today mixed as traders dismissed change the disappointing ADP employment, rather than relying on strong data from Australia and China.  Australia in the second quarter GDP printed better than expected, namely by 1.2% and calls for an increase of 0.9% compared to an upward revision of 0.7% growth the previous quarter.  extended on an annual basis, the Australian economy by 3.3%, exceeding an increase in calls of 2.8% from 2.7% a year earlier.  Meanwhile, improved data from China, manufacturing PMI in August to 51.7 from 51.2, ...

FOREX - the foreign exchange market or currency market or Forex is the market where one currency is traded for another.  It is one of the largest markets in the world. Some of the participants in this market are simply trying to pay a foreign currency for its own exchange, as multinational corporations, wages and other expenses in different nations than they sell products must, however, a large part of the market, made up of currency traders who speculate on movements in exchange rates, as others would speculate on movements in share prices.  Currency traders try to take advantage of even small fluctuations in exchange rates. In the foreign exchange market, there is little or no "inside information".  Exchange rate fluctuations are usually caused by actual monetary flows as well as expectations of global macroeconomic conditions.  Significant news is released public as, at least in theory, everyone gets the same time in the world the same message. Currencies are ...