The News Review:

- Forex – Pound softer ahead of BoE’s planned aid for banks
- Forex – Dollar weaker in afternoon trade in Asia ahead of more…
- Kenya: Forex Bug Bites Wealth Hunters
- Novartis Q1 earnings beat forecasts on positive forex effects,…
- Papademos says ECB, G7 worried about economic effects of forex volatil…
- Forex – Pound under pressure as market mulls BoE’s 50 billion…
- 5 Most Important Events for the Forex Market This Week

Forex – Pound softer ahead of BoE’s planned aid for banks
Forbes – Apr 21, 2008
The plan, to be presented by the BoE today and separately by the Chancellor of the Exchequer Alistair Darling at 1530 BST, is understood to account for about 50 billion pounds in mortgage-backed assets that are weighing on banks balance sheets and preventing normal interbank lending. Meanwhile, Royal Bank of Scotland (nyse:.

Forex – Dollar weaker in afternoon trade in Asia ahead of more…
Forbes – Apr 21, 2008
dollar weakened against the euro and the yen in afternoon Asian trade on Monday on worries that data released this week, including first-quarter results and housing figures, will add to signs the world’s biggest economy may fall into a recession. Bank of America, Credit Suisse Group, Texas Instruments, Microsoft and AT&T are some of the companies set to announce their results this week.

Kenya: Forex Bug Bites Wealth Hunters
AllAfrica.com – Apr 21, 2008
Jane Kendi trains a budding forex investor. The trade is not meant for the faint-hearted because it is extremely risky. GA_googleFillSlot(“AllAfrica_Story_Inset”);At 3 am when most people are deep asleep, Floccie Muthoni is usually seated in front of a computer screen in her house. For her, this is the best time to make money.

Novartis Q1 earnings beat forecasts on positive forex effects,…
Forbes – Apr 21, 2008
said first quarter net profit from continuing operations rose to $2. 308 billion from $2. 092 billion in the same period last year, boosted by currency effects which had a net positive impact of approximately $185 million. The Swiss pharma group´s absolute bottom line rose to $2.

Papademos says ECB, G7 worried about economic effects of forex volatil…
Forbes – Apr 21, 2008
‘Together with the G7, we are worried about their economic implications and the implications for financial stability of sharp fluctuations in the exchange rate,’ he told the European Parliament economic and monetary affairs committee. In response to a question about recent comments made by recently-elected Italian premier Silvio Berlusconi on the ECB’s independence, Papademos reiterated that this is enshrined in EU law. ‘We believe it (independence) is an important prerequisite for achieveing its primary objective of price stability,’ he said ‘This independence.

Forex – Pound under pressure as market mulls BoE’s 50 billion…
Forbes – Apr 21, 2008
The central bank will throw banks a 50 billion pound lifeline to ease the scarcity of credit but markets are still mulling the potential impact. While the results remain to be seen many argue that the terms of the facility are too strict. ‘While the scheme may increase liquidity into the system, it will only indirectly reduce the cost of funding if banks make frequent use of this facility,’ analysts at BNP Paribas (other-otc:.

5 Most Important Events for the Forex Market This Week
Daily FX – Apr 21, 2008
08 Written by Terri Belkas, Currency Analyst This week, event risk will be fairly light out of the US, but traders should keep an eye out for any commentary by Federal Reserve members and Thursday’s US Durable Goods report. Meanwhile, rate decisions in Canada and New Zealand along with inflation data out of Australia could shake up the commodity dollars. • Bank of Canada Rate Decision – April 22The Bank of Canada is widely expected to cut rates by 50bps on Tuesday to 3. 00 percent, the lowest target rate since October 2005, as inflation pressures subside, credit markets tighten, and a probable recession in the US threatens the Canadian economy. The most recent CPI report showed that the Bank of Canada’s core measure fell to 1.