The News Review:

- FREX-Dollar up as AIG euro woes spark flight to safety
- Zimbabwe: State Pensioners to Get Forex
- New Consulting Service from ANDA Helps Companies Bring Forex Risk …
- FREX-Yen hits 3-mth low vs dlr as bets against it mount
- Forex Strategy utlook Improves on Major US Dollar Breakouts
- Anticipate the prices move and make profitable forex trades with …
- Market verview by Forex Yard

FREX-Dollar up as AIG euro woes spark flight to safety
Reuters
set for $30 bln AIG bailout HSBC in rights issue * EU rejects mass east Europe bailout; euro zone PMI weak (Updates prices adds comment) By Steven C. Johnson NEW YRK March 2 (Reuters) – The dollar soared to athree-year high on Monday after a record loss for insurer AIGadded to worries that the financial crisis is growing moresevere and enhanced the U. currency’s safe-haven appeal. Wall Street sustained heavy losses extending a globalstock market rout as the Dow opened below 7000 for the firsttime since 1997 while the dollar hit its highest level againsta basket of six major currencies since early 2006.

Zimbabwe: State Pensioners to Get Forex
AllAfrica.com
GA_googleFillSlot( “AllAfrica_Story_Inset” );In a statement the minister said all State pensioners would get their allowances by mid-March. “The Minister of Finance issued a Press statement on Thursday February 19 2009 where he announced that mobilisation of necessary resources for the payment of allowances of pensioners in foreign currency were currently underway and that payment modalities would be announced in due course. “Consistent with the above undertakings all pensioners are therefore being advised that pension allowance payments which take account of the foreign exchange allowance being paid to serving members will be made to all pensioners in mid-March 2009″ he said. Serving State employees started receiving allowances of US$100 in redeemable coupons earlier this month.

New Consulting Service from ANDA Helps Companies Bring Forex Risk …
Emediawire (press release)
FXConsulting tailors practical understandable solutions that are easy to implement–at the lowest possible cost. ANDA widely recognized as an innovator of efficient online currency services has seen a dramatic rise in the number of companies that use its FXTrade platform to hedge their foreign-currency exposure. With the creation of FXConsulting for Corporations ANDA has developed a Best Forex Practices framework to help small as well as large companies choose and implement a hedging strategy that precisely fits their individual needs.

FREX-Yen hits 3-mth low vs dlr as bets against it mount
Reuters
The yen has shed more than 10 percent since hitting a 13-yearhigh of 87. “It is possible that the dollar will temporarily rise near100 yen” Takahide Nagasaki chief forex strategist at DaiwaSecurities SMBC said in a note to clients. Nagasaki said the dollar was gaining strength as the yen’soutlook which has been hurt by political uncertainty and lowexpectations for stimulus plans to help the economy has shown nosign of improving.

Forex Strategy utlook Improves on Major US Dollar Breakouts
Daily FX
Forex strategy performance had dropped off in previous weeks due to the extremely choppy price action across financial markets. ur low volatility Range-trading signals did poorly through strong price moves while our Momentum and Breakout-based strategies underperformed due to wide currency trading ranges. The recent resurgence in the US dollar gives us hope that we can continue to see major trend moves in the week ahead and as such we have positioned ourselves for trend-friendly Momentum trading signals.
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Anticipate the prices move and make profitable forex trades with …
Ecommerce Journal
Unfortunately the majority of forex traders do not understand how to make the most of trend lines as it should be thus fail to use this valuable kind of forex trading technical analysis. If you draw the trend lines are accurately you can match the market with the lines rather than the opposite way which is a mistake generally made by the forex traders. It is important to plot the support and resistance correctly for the reason that it can give you the source to identify gain and loss points so that you can make the profitable trades while minimize the risks. The forex traders should draw the trend lines in order to give them a thought of how the market trend momentum is since the price moves high or low or also called as channels allow you to anticipate to which direction the price will move. So when the price is showing an up ward trend you plot an up trend line.

Market verview by Forex Yard
Forex Hound
Britain may also be following this rising trend by cutting their rates by 50 basis points as well to 0. Traders have begun to price in these upcoming rate cuts and many investors believe this week will be one of the more interesting weeks in forex trading for 2009 thus far. * JPYJPY Weakness Growing More ApparentThose investors trading the JPY lately have taken note of the recent downward trend occurring with this island currency. When the global economic recession began there was a rush to unwind carry trades when interest rates were being slashed. This helped strengthen the JPY. As economies posted continuous negative data the JPY became a safe-haven.