Gold moves towards 2-week low on dollar’s rebound

Friday, bullion hovered near 2-week lows on as a recovery in the dollar dulled bullion's demand as a currency hedge while investors were becoming wary of speculative long positions building in futures. Spot gold gained 0.2% hitting $995.45 an ounce at about of 3:10 GMT, compared to New York's notional close of $993.75. Currently, spot gold is set for a weekly drop of about 1%, after touching a two-week low on Thursday to close below $1,000 for the first time in nearly two weeks.

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Forex trends: euro shows mix trading

During Friday’s early Asian session, the single currency lost ground versus its main counterparts, hitting new lows against yen, dollar and franc. On the other hand, euro surged versus pound. The European currency plunged to a fresh 3-month low of 1.5078 against the Swiss franc in early Asian trading on Friday. The EUR/CHF pair, which closed yesterday's deals at 1.51, is presently worth 1.5095 with 1.505 seen as the next target level.

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Financial markets have improved, but interest rate will still remain low

On Wednesday the Federal Reserve reported its new assessment of the economy state saying the growth is back again after the recession. Meantime the central bank said that it would still keep interest rates very low for a long time. Besides, the Fed also stated that it plans to slow its purchases of mortgage debt to extend that program's life until the end of March as it wants to contract its extraordinary support for the economy and markets during the recession.

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Where to invest e-currency?The question is solved... CSM Finance

As the online financial markets is moving forward more companies are appearing on the stage and competing with each other in the battle for customers. And while increasing a capital was very actual before the current economic environment it is even more actual today when an ever growing number of people are running out of their money as a consequence of deteriorating credit and other conditions. That is why we can often run across different kind of investment projects ready to help online users to enhance their profits.

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IncoForex, when online investment is a viable business

Today we are talking about another way to efficiently allocate your funds online so as to make more money out of them. An online investment project known as IncoForex is attracting an increasing attention to its activity with its unique business model and serious approach. Our journal decided to make its own review of this money-making program that is, as reported by the founders, specializing in foreign currency exchange markets.

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Forex-master is a scammer slave

You will only be a slave to a scam master if you join and deposit your money into this scam investment game program which known as forex-master. The admin of this program claims that this program is a short term, backed up by Nasdaq, Dow Jones and NYSE trading, high yield private loan program and investing in various funds and activities.

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Yen strengthens

Forex news: yen strengthens against euro and franc, sliding vs dollar and pound

During Wednesday deals the Japanese yen recovered from an early Asian session's 12-day low against euro and Swiss franc. Meantime, the yen weakened versus the US dollar and the British pound.

Against the US dollar, the Japanese yen edged down during early Asian deals on Wednesday. At 9:25 pm ET, the yen touched a low of 92.45 against the dollar, compared to 92.33 hit late New York Tuesday. The next downside target level for the yen is seen around 94.4.

The Japanese unit that closed Tuesday's North American session at 133.68 against the European currency slipped to a 12-day low of 134.18 during today's early Asian deals. Thereafter, the yen reversed its direction and is currently trading at 133.79 with 132.5 seen as the next target level.


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