The News Review:

- FREX-Dollar down as US economy woes take center stage
- Red Hat Soars on Upbeat Q4 Forecast; Forex Prominent
- Taking The First Steps In Forex
- FREX-Dollar slips vs euro as market awaits US data
- Forex – Christmas trading is here markets consolidate and settle …
- Experts: China’s recent decrease in forex reserves considered good

FREX-Dollar down as US economy woes take center stage
Reuters 
data adds comment changes dateline byline) By Steven C. Johnson NEW YRK Dec 23 (Reuters) – The dollar edged lower in thinpre-holiday trade on Tuesday after data confirming that theU. economy contracted in the third quarter stoked concernabout a deep and persistent recession. Government data showed the economy shrank 0. 5 percentbetween July and September as consumers and businesses cutspending and the report kept the dollar under broad pressure.

Red Hat Soars on Upbeat Q4 Forecast; Forex Prominent
Barron’s Blogs 
return false; }. Red Hat sees Q4 sales of $166 million to $167. 5 million below the $171. 6 millon that analysts have been looking for and 19 cents to 20 cents a share in profit which is right in line with analysts’ 19-cent estimate. Management however was at pains to emphasize foreign exchange rates noting that the company lost about $7 million last quarter.

Taking The First Steps In Forex
Meadow Free Press ID 
n account of the various time zones the major markets which are situated in the U. London and Tokyo deal during separate times of day. Almost 70% of the trading activity goes on while the European markets are still functioning and the New York market opens.

FREX-Dollar slips vs euro as market awaits US data
Reuters 
GDP housing data * U. firms forced to reduce costs; GM Ford ratings cut (Adds quotes changes byline dateline previous TKY) By Jessica Mortimer LNDN Dec 23 (Reuters) – The dollar edged lower againstthe euro and a basket of currencies in thin trade on Tuesday asworries mounted about the depth of the U. recession ahead ofmajor U. economic data due later in the day.
Related from Yolog: Yen Falls Versus Euro Dollar on Record Drop in Japan’s Exports

Forex – Christmas trading is here markets consolidate and settle …
Forex Hound NY 
As forex specialist ACM provides only currency and precious metals trading via highly professional forex trading software. This information is not intended as personalized investment advice and does not constitute a recommendation. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. The analysis is based on the information which ACM finds reliable and accurate but ACM does not assume any responsibility for any material nor for the transactions made on the basis of the information or the estimates of the analysis.

Experts: China’s recent decrease in forex reserves considered good
Xinhua China 
23 (Xinhua) — It is a good phenomenon for China’s mammoth foreign exchange reserves to diminish for the timebeing some experts believed. China’s forex reserves peaked at 1. dollars at the end of September now they were below that figure Tuesday’s Shanghai Securities Journal quoted Cai Qiusheng head of the foreign debts section under the capital-account management department of the State Administration of Foreign Exchange as saying. This was the first decline in China’s forex reserves since the end of 2003.