Forex Help Forum Archive for 10/20/2011

Boston eFX 21:53 GMT October 20, 2011
Subject: Gordon Brown: Banks Are the Problem (video) Reply   
Insight on Greece's debt crisis, with Gordon Brown, former British Prime Minister, who says this is not a fiscal crisis but a financial crisis with the banks leading the problem, not the solution.

Gordon Brown: Banks Are the Problem (video)

Cambridge Joe 17:17 GMT October 20, 2011
Subject: Thailand: Urgent appeal for help...
If you've had a decent trading result.... why not share a little with people who've had their homes destroyed and lost everything....... ?

Please look at the earlier posts and get the contact website/email address.

This is a catastrophe, hundreds of thousands left destitute.

Please do help.

Thank you.

Joe

Cambridge Joe 09:41 GMT October 20, 2011
Subject: Thailand: Urgent appeal for help...
Please take a little time to make a donation to the appeal fund to help those who's life has been affected by these terrible floods.

Thank you.

Boston eFX 01:43 GMT October 20, 2011
Subject: EUR/USD Daily Asia Outlook 10/20 Reply   
EUR/USD - to trade in lower range. Undermined by increased anxiety that European authorities might not deliver comprehensive plan to end euro-zone financial crisis with just 3 days to go before summit as big Franco-German differences remain over leveraging the EUR440 billion EFSF to increase its firepower and losses that private-sector bondholders will bear in new Greek debt-restructuring plan; confusion as European leaders replace plan to convert EFSF into a bond insurer with new program in which debt-troubled countries draw on EFSF for collateral when they issue bonds to roll over existing debt; German Chancellor Merkel saying upcoming summit won't be final step needed to regain market confidence even though it is an important step leading in that direction. EUR/USD also weighed by euro-zone economic growth slowdown; but losses tempered by sovereign demand for euro.

Data focus: 0600 GMT German September PPI, 1400 GMT euro-zone October FCCI flash consumer confidence indicator.

EUR/USD daily chart .....

EUR/USD Daily Asia Outlook 10/20 (full story)

Boston eFX 01:43 GMT October 20, 2011
Subject: GBP/USD Daily Asia Outlook 10/20 Reply   
(Dow Jones via eFXnews) GBP/USD - to trade in lower range. Undermined by increased risk aversion, loose BOE monetary policy--October MPC meeting minutes show MPC unanimous in vote to relaunch quantitative easing. But GBP/USD losses tempered by GBP demand on soft EUR/GBP cross.

Data focus: 0830 GMT UK September retail sales.

Daily chart .....

GBP/USD Daily Asia Outlook 10/20 (full story)

Boston eFX 01:43 GMT October 20, 2011
Subject: USD/CHF Daily Asia Outlook 10/20 Reply   
(Dow Jones via eFXnews) USD/CHF - to trade in higher range. Buoyed by broadly firmer USD undertone as investor risk aversion increases; expectations of Swiss National Bank's CHF-selling intervention.

Daily chart......

USD/CHF Daily Asia Outlook 10/20 (full story)

Boston eFX 01:42 GMT October 20, 2011
Subject: USD/CAD Daily Asia Outlook 10/20 Reply   
(Dow Jones via eFXnews) USD/CAD - to trade in higher range. Underpinned by increased risk aversion, weaker commodity & oil prices (Nymex crude settled down $2.23 yesterday at $86.11/bbl); surprise 0.1% drop in Canada September composite index of leading indicators (vs forecast for 0.1% increase).

Data focus: 1230 GMT Canada August wholesale trade.

USD/CAD daily chart .....

USD/CAD Daily Asia Outlook 10/20 (full story)

Boston eFX 00:36 GMT October 20, 2011
Subject: Breaking: S&P Downgrades Slovenia To AA- From AA Reply   
Standard & Poor's Ratings Services said today that it lowered its long and short-term sovereign credit ratings on the Republic of Slovenia to 'AA-/A-1+' from 'AA/A-1+'. The transfer & convertibility (T&C) assessment for Slovenia remains unchanged at 'AAA'. The
outlook is stable. The downgrade reflects .......

Breaking: S&P Downgrades Slovenia To AA- From AA (full story)