Blade retrofitting, forex losses hit Suzlon (Business Standard India)
January 31, 2009
Damaged rotor blades and forex losses caused the world’s fifth-largest wind turbine maker Suzlon Energy post a consolidated net loss of Rs 34.90 crore for the quarter ended December 2008 against a Rs 142.8 crore profit in the corresponding previous quarter.
British Pound Bought Aggressively Against US Dollar By Forex Trading Signals (Daily FX via Yahoo! Finance)
January 31, 2009
Our forex trading signals have aggressively bought the British Pound against the US Dollar through the impressive breakout in the GBP/USD pair. Indeed, both the Breakout1 and Breakout2 trading systems bought the GBP/USD within mere minutes of each other, while our trend-based Momentum2 system has remained long for quite some time.
FED CUTS INTEREST RATE TO %.25
December 17, 2008
The US dollar fell to a 2 month low versus the Euro after the Federal Reserve’s cut interest rates by 75base points to 0.25%. This latest cut makes the American Dollar the lowest yielding currency amongst the major currencies and could possibly touch of more selling.
The Fed also announced it’s commitment to continue buying Mortgage backed securities and long term treasuries. The USD came under severe pressure after the announcement while stocks rallied. Most importantly, at .25 percent, most big traders and others looking to buy the currency may not find the yield high enough to justify the risk. This latest move downward for the dollar may be a correction resuming after the past few months of incredible dollar strength despire the ecomonimc doomsday scenario playing out in the United States and the markets around the world.
The EURO broke above 1.4190 as the FED cuts interest rates more than predicted.
New Forex Forums Site
December 8, 2007
FOREX FORUMS FOR BEGINNERS
Here’s a really useful web forum for Forex traders and beginners alike, its appropriately called Forex Forums @ forexforums.com — easy to remember — community getting larger every day. You get points to post your opinions and do other
things on the board, very cool if you ask me, one of a kind. You can also practice your stocks in their fake stock market with those points. With regards to Forex, they have quite a number of sub sections where you can discuss anything about Forex and the economies of any nation or the global economy as a whole. Forex Forums is a truly unique experience, a fun place to post, no pressure and no one looking down on you, snubbing beginners. Forex Forums is created by a team of fresh Forex entrepenours who are on the same level as most of their members. Get real reviews on Forex Mentoring or Forex Education systems, save money in the long run by weeding out the useless Forex strategies and avoiding Forex SCAM sites. Forex Forums doesn’t strike me as a place where people hit you with SPAM and advertisements to junky Forex programs, the members at Forex Forums really review signals, brokers, and other Forex related sites honestly and from the heart. Check out Forex Forums and
If you decide to join, use this link or mention my nick DickiePap in the referral box, thanks!
Protected: Forex Bastards
October 4, 2007
