Pak Forex Trading: May 2009

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Latest Pakistan News

'Zardari covertly met top US military commander in New York' 15 May 2009 16:57
Refugees could hold key to Pakistan's fate 15 May 2009 16:37
Pakistan: 100s Militants Dead 15 May 2009 15:55
Pakistani Paramilitary Training May Expand 15 May 2009 15:55
No time frame for anti-Taliban operations: Pakistani defence minister 15 May 2009 15:37
More than 1 million displaced in Pakistan 15 May 2009 15:34
Pakistan army kills 55 Taliban fighters others available (2nd Roundup) 15 May 2009 14:56
Pakistan army kills 55 Taliban fighters - Summary 15 May 2009 14:34
UN concerned over 'massive' displacement in Pakistan 15 May 2009 14:34
60 more Taliban killed in Pakistan's northwest 15 May 2009 14:34
Pak govt controls just 38% of Taliban-infested NWFP: Survey 15 May 2009 14:34
Pakistan, Afghanistan agree to improve border control system 15 May 2009 14:34
Pakistan Keeps Pressure On Swat Taliban 15 May 2009 13:53

U.S. Markets mixed on early trade; Euro and Pound, higher

FXstreet.com (Barcelona) - U.S. Markets are fluctuating between positive and negative levels at the opening times, on the back of recovery signs on U.S. manufacturing. Euro and Yen have bounced from weekly lows and tthe Dollar has appreciated against the Yen.Dow Jones Industrials Index trades 0.05% above its opening level while the Nasdaq Index rises 0.17% and the S&P Index goes through losses by Read More

USD/CHF rallies from 1.1040 to 1.1180

FXstreet.com (Córdoba) – The Dollar rose against the Swiss Franc. After reaching an intra-day low at 1.1040 USD/CHF rally to 1.1180 the highest price since May 8. The pair now is pulling back from the high and current price is 1.1150. So far today USD/CHF has risen almost 1%. At 1.1140 the pair has a support zone. To the upside above today highs, 1.1200 is a physiological level to consider. Agai Read More

Sell in May and go away?

There is a saying in the market that an equity investor should “sell in May and go away”, referring to the apparent seasonality in equity markets. Until now, the markets seem to have ignored this, and the global stock market rally has continued into May. That said, in recent days there have been some signs that the mood is changing from bullish to bearish – and this is becoming evident in Emergin Read More

WORLD FOREX:Yen Down Vs Dlr,Euro; Higher Stks Prompt Selling

"After the US retail sales, skepticism over how long the recovery in risk appetite would last, so I think it's difficult for players to take on a lot of risk," said Minoru Shioiri, chief manager of foreign exchange trading at Mitsubishi UFJ Securities. ...
From news.google.com via Google News. (
document.write(localMDY('May 15, 2009 7:15 GMT'))
May 15, 2009/15/2009 7:15 GMT) More perspectives...

WORLD FOREX:Yen Down Vs Dlr,Euro; Higher Stks Prompt Selling

Forex trading training firm starts local TraderÂ’s Connection Networks

Currency Investors Group, a forex training firm and introducing broker has founded trading mentorship groups in Atlanta, GA, Dalton, GA, Chattanooga, TN, Murfreesboro, TN, and Hendersonville, TN in the last seven days.
From abcmoney.co.uk (
document.write(localMDY('May 15, 2009 9:43 GMT'))
May 15, 2009/15/2009 9:43 GMT) More perspectives...

Forex News and Rumors

US Consumer Prices Unchanged for April
As predicted, US consumer prices remained unchanged for April despite a year over year loss of 0.7 percent since April 2008. Lower prices for energy and food offset increases in other consumer goods. More
US Industrial Output Falls 0.5%
In what is being seen as a positive sign pointing to a possible easing of the recession, industrial output decreased by 0.5 percent in April rather than the 1.7 percent as expected. This is the slowest pace of decline in manufacturing in the past six months following a 1.7 percent decl... Read more »

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