Seattle Post Intelligencer

Bank of America Sees Emerging-Market Currency RallyBloomberg - 1 hour ago19 (Bloomberg) -- Emerging-market currencies are poised for a “bear market rally” against the US dollar as investors shift money from low-yielding cash ...

RTT News

J Clinton Hill submits:Although the short-term trend for the U.S. dollar is bearish, stochastics indicate that it is oversold and may find support near its 200 day moving average or @ 76-77 range. Resistance is @ 80-81 area. Because its trend is down, short-term rallies may be selling opportunities if the dollar fails to break above resistance levels.Complete Story »

Seattle Post Intelligencer

ABC News

Equitymaster submits: Intense volatility was witnessed in today’s trading session as the BSE Sensex crossed the dotted line numerous times since the start of the day. The Sensex closed higher by around 25 points while the Nifty closed higher by 10 points. Stocks from the mid-cap and small-cap indices also ended in the positive territory. Realty and consumer durable stocks led the pack of gainers on the bourses today. Rupee closed at 47.22 against the US dollar. While most Asian markets also closed in the red, the European indices are currently trading below their yesterdays closing levels.

Kathy Lien submits:
After seeing the US dollar sell off for 5 straight days against the Euro and Japanese Yen, we were not entirely surprised to see Friday’s recovery, especially on the heels of better than expected economic data. The market has become accustomed to disappointments so good news was a welcome change. The European Central Bank has also reduced the interest rate that it offers to banks that deposit with them in order to encourage lending. The 15 percent rally in the Euro has led many to people to believe that the ECB may reconsider their plan to hold interest rates steady in January and the deposit rate cut was seen as a step in that direction. Thin market conditions near the holidays have exacerbated the volatility in the currency market. However even though the greenback is higher today, we had both positive and negative news impacting the dollar.

AFP

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Sify

Denmark cuts key interest rates to 3.75 percentThe Associated Press - 4 hours agoThe Nationalbank said the reduction was a consequence of developments in currency markets, where it recently has had to buy foreign exchange to keep the ...

Citic Pacific Says Beijing Rescue Is ‘Best Option’Bloomberg - 37 minutes agoShould the proposal be passed, Beijing-based Citic Group would assume HK$11.3 billon of currency losses on behalf of the unit, according to a Dec. ...

Daniel Zurbrügg submits:Currency markets are hard to understand for many investors, and even I have to admit that I don’t understand certain price movements, especially short-term price moves. In my view, investors often make the mistake of not being able to distinguish between a trade and a strategic investment decision. A trade is done in anticipation of short-term price development, whereas a strategic investment is made on the basis of a longer-term fundamental investment rationale. In foreign exchange markets the price dynamics are even more complex. I learned this when I was working as a currency strategist for one of the biggest U.S. companies.

Kevin Cook submits:I've often heard some investor-traders refer to technical analysis as "voodoo." Granted, there's a lot of so-called "indicators" out there that are more than a little mysterious and subjective, from Gann lines to planetary alignments. And some of their proponents are in their own galaxies as well. But analysis of charts, whether you call it "technical" or otherwise, has some other credible windows on the "fair" price of assets and commodities that you may not readily think of at first. One is psychological -- in fact, I often call technical analysis "psychological" analysis because of my passionate interest in behavioral economics -- and the other is statistical.Complete Story »

IndexUniverse submits: By Matthew HouganI'm glad Jim Wiandt has seen the light.Complete Story »

Ukraine’s Hryvnia May Fall 24% as IMF Limits SpendingBloomberg - 3 hours ago19 (Bloomberg) -- Ukraine’s currency, down 50 percent against the dollar since June, may weaken another 24 percent as the International Monetary Fund ...

Times Now.tv

Steven Hansen submits:The last nails are being driven into the coffin. The smell of the death is pervasive. I have traveled a torturous path to get to this funeral, and I cannot believe I am here. In fact, this all may be a dream or an illusion. I was not allowed to see the body of my friend Inflation – maybe something else died.I was invited because I have known Inflation since I was born. We had some rough times during her binges in the late 70’s and early 80’s. I thought she had everything under control. Here one second, gone the next. Life is short.Complete Story »

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