JPMorgan Cuts 2010 Dollar Forecast on Rates, Cash (Update1) – Bloomberg.com

(CFD.net.au – Contract for Difference, Share, Forex, ETFs, Commodities Traders) –

The dollar will weaken to $1.62 per euro in the second quarter, JPMorgan foreign-exchange strategists led by London- based

John Normand

wrote in the bank’s Global FX Outlook 2010, published today. The bank previously predicted a trough of $1.50 in the first quarter.

U.S. rates at an.

.. Continue reading

Posted in Forex News | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Pound Trades Near Two-Week Low; King Says U.K. Faces Challenges – Bloomberg.com

(CFD.net.au – Contract for Difference, Share, Forex, ETFs, Commodities Traders) –

Sterling fell earlier against the dollar as the

MSCI World Index

lost 0.6 percent, fueling demand for the U.S. currency as a refuge. U.K. consumer spending is “now markedly lower than it was in the first half of 2008,” King told lawmakers in London today. Policy maker

Adam Posen

said th

e… Continue reading

Posted in Forex News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Westpac Says January ‘Reliable’ Month to Sell Euro on Seasons – Bloomberg.com

(CFD.net.au – Contract for Difference, Share, Forex, ETFs, Commodities Traders) –

“There is no consistent seasonal factor in the December month for euro-dollar,”

Lauren Rosborough

, a Westpac currency strategist in London, said in an interview. “There is a lot more consistency for January in particular, and the effect is actually quite strong.”

While the mark

et is… Continue reading

Posted in Forex News | Tagged , , , , , , , , , , , , | Leave a comment

Rand Strengthens After South Africa Reports End of Recession – Bloomberg.com

(CFD.net.au – Contract for Difference, Share, Forex, ETFs, Commodities Traders) –

The currency of Africa’s biggest economy appreciated as much as 0.4 percent to 7.4512 per dollar before trading 0.1 percent stronger at 7.4682 by 4:01 p.m. in Johannesburg, from 7.4772 yesterday.

South Africa’s economy recovered in the three months through September, ending thre

e… Continue reading

Posted in Forex News | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

BNP Says Buy Euro on Speculation WestLB to Be Rescued (Update1) – Bloomberg.com

(CFD.net.au – Contract for Difference, Share, Forex, ETFs, Commodities Traders) –

Nov. 24 (Bloomberg) — Investors should buy the euro today on speculation that capital will need to be repatriated to support German bank

WestLB AG

, according to BNP Paribas SA.

“The threat of a major shareholder letting WestLB go bust is euro positive,”

Hans-Guenter Redeker

, head o

f… Continue reading

Posted in Forex News | Tagged , , , , , , , , , , , , , , , | Leave a comment

UBS Raises Forecast for Pound Versus Euro Over One, Three Months – Bloomberg.com

(CFD.net.au – Contract for Difference, Share, Forex, ETFs, Commodities Traders) –

The bank had predicted the pound would be at 92 pence per euro in the periods, said Geoffrey Yu, a currency strategist at the bank in London.

Sterling was little changed at 90.12 pence per euro as of 7:28 a.m. in London.

To contact the reporter on this story: Paul Dobson in London…

Continue reading

Posted in Forex News | Tagged , , , , , | Leave a comment

Verizon opposes Sprint”s “Most Dependable” claim – Yahoo! Finance

(CFD.net.au – Contract for Difference, Share, Forex, ETFs, Commodities Traders) –

Companies:

Sprint Nextel Corp.

AtT, Inc.

The National Advertising Division of the Council of Better Business Bureaus made the recommendation following a challenge to Sprint’s ads by rival Verizon Wireless.

The division said the most recent tests by the researcher Nielsen…

Continue reading

Posted in Company News | Tagged , , , , , , , , , , , | Leave a comment