Price action on EUR/JPY, a daily chart of which is shown, has consolidated, much like other yen crosses, in what is appearing to be an inverted pennant formation. This potential pennant, however, would only be confirmed as a continuation pattern

yen has bounced from yesterday's slight new low, and test of support at the base of the bearish channel since April at 91.65/80. Though there is scope for another few days of consolidating and even slightly higher prices, trade from

The Cable continued to propel from our 1st tier downtrend line, gaining traction to the upside after Britain released data showing surveyors saw housing prices recovering at an encouraging rate. Additionally, although Britain's CPI was a discouraging 1.8%, the number

The USD/JPY continues its stabilization pattern on declining volume post-July 8th. The USD/JPY found a little strength in the S&P's rally yesterday, though no substantial movements occurred. It seems the USD/JPY is attempting to form a new base amid a

The EUR/USD is flat-lining after disappointing economic sentiment and industrial production data from the EU. Disappointing Eco data from both the EU and U.S. are taking the wind out of the rally's sails. While we forewarned of expecting too much

Dear SteveWhile shopping around for a convenient way to take our to the US I saw the FairFX card recommended on a website forum.I looked into it further and was impressed with the excellent exchange rate being offered and the

It looks like AIG management had become so accustomed to the wealthy life, that they want their usual slice of pie even as the credit crisis has virtually eliminated the opportunity to get it. American International Group (NYSE: AIG) had

Commercial lender CIT Group, Inc. ( NYSE : CIT ) is struggling to devise a strategy to halt their increasing credit crunch, the Wall Street Journal having reported on Saturday that the company is dangerously close to a bankruptcy filing.[BANNER]

Planning to grab a piece of the rapidly growing global notebook and PC market, electronic leader Flextronics International Ltd. ( NASDAQ : FLEX ) said Monday that it plans to increase production of its China notebook PC capacity by up

Pursuing dominance in the green car revolution with almost exaggerated zeal, Fisker Automotive, Inc. has re-engaged Quantum Fuel Systems Technologies (NASDAQ: QTWW) for $10.2 million, to supply the Q-Drive system for its Phase III development of plug-in hybrid powertrains. At

Ailing economic conditions continue to have an adverse effect on oil prices. Black gold slipped below $59 a barrel during Monday"s trading, hitting its lowest price in nearly two month period. The most influential factors remain rising unemployment and the

The Mexican currency, highly dependent on its main trading partner, the United States, posted a sixth day of losses against the greenback on concerns that the economy in the region will not rebound as soon as forecasts predicted.(...)Read the rest

The New Zealand dollar is heading to the lowest rate in eight weeks against the yen and losing against the greenback, as global risk aversion is damping demand for the kiwi's high-yield profile.(...)Read the rest of New Zealand Dollar Weakens

The Russian ruble completed a week of consecutive losses versus the euro and the dollar, as speculations in Russia indicate that the recession will be depper than previously announced.(...)Read the rest of Ruble Declines as Russian May Enter Deeper Recession

The British pound started this week losing against currencies like the euro and the dollar as speculations that British banks may announce further losses rose, suggesting that the worst moments of the recession are still to come.(...)Read the rest of