Archive for November, 2008

The New Risks of a Popular Forex Trading Strategy (TradingMarkets.com via Yahoo! Finance)

Sunday, November 30th, 2008

The carry trade has been one of the most popular forex trading strategies in the last few years, but with recent changes in the currency market and increased volatility, the carry trade now looks like a losing proposition.

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Benpres loses P841M in 9 mos on lower earnings, forex losses (Philstar.com via Yahoo! Philippines News)

Sunday, November 16th, 2008

Benpres Holdings Corp., the investment holding firm of the Lopez family, incurred a net loss of P841 million in the first nine months of the year, largely due to foreign exchange losses and lower net earnings of subsidiaries.
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FOREX-US dollar slips, euro gains on China stimulus package - Reuters UK

Monday, November 10th, 2008

Maktoob Business (press release)

FOREX-US dollar slips, euro gains on China stimulus packageReuters UK, UK - 6 hours ago… because overnight we had the big news of the Chinese stimulus package," said Boris Schlossberg, director of currency research at GFT Forex in New York. …FOREX-Euro, high-yielders climb as stocks rally on China ReutersDaily Forex Commentary November 10 IBTimes […]