The News Review:

- FREX-Dollar edges down vs euro as US stocks rise
- Risk control No 1 concern for China’s forex management
- FREX-Euro hits 2-mth high vs yen as concerns grow over QE
- World Bank proposes forex use to tide over recession
- Use Your Windows Mobile Device for Forex Trading to Make Serious …

FREX-Dollar edges down vs euro as US stocks rise
Reuters India
currency had swung between gains and losses formost of the day following trends in the stock market amidbetter-than-expected economic data and signs the banking sectormay be stabilizing. “Sentiment has turned in fits and starts” said BrianDolan chief currency strategist at Forex. com in BedminsterNew Jersey. “All that is happening right now is a reality check andinvestors are asking whether this is really the bottom here. But conviction is really low and that is why we’re seeingperpetual setbacks like this” he added. In late afternoon trading the euro edged up 0.

Risk control No 1 concern for China’s forex management
China Daily
“When managing the foreign exchange reserves China will stick to the principle of ‘safety liquidity and appreciation’” said Wen adding that China will also take the stability of the global financial market into consideration. China’s foreign exchange reserves hit a record $1. 95 trillion at the end of 2008 the largest in the world and far exceeding those of Japan the second-largest foreign exchange holder with $1.

FREX-Euro hits 2-mth high vs yen as concerns grow over QE
Reuters
The single currency pared earlier gains against the dollarand the Swiss franc but remained broadly supported by the SNB’saction to weaken the Swiss franc by buying euros and dollars onThursday with traders anticipating further such moves. The SNB said on Thursday it would buy foreign currencies andbonds — so called “quantitative easing” — as the country facesits worst recession in over three decades. And after a similar move by the Bank of England last weekmarkets are wondering who might be next. “People are starting to think a lot more about what QE meansfor currencies so far we’ve only had the Bank of England andthe SNB explicity engage in it and the currencies have done verybadly said Adarsh Sinha a currency strategist at BarclaysCapital.

World Bank proposes forex use to tide over recession
Indian Express
“In the present scenario when we are witnessing deflationary trends in the domestic economy using forex reserves to trigger demand and growth will be a good step. We can also overrule the possibility of rise in Inflation due to this money supply in this environment. In short-term the country will see some depletion in reserves but in the long-term as the economies around the world revive India will be poised to export more and generate more forex revenues” Lin said at a press conference here on Friday. “The downturn is the cause of excess capacity in the system developing countries were innocent but will be hurt seriously and poverty unemployment will be big issues” he said.

Use Your Windows Mobile Device for Forex Trading to Make Serious …
Mobility Site
Forex trading or the foreign exchange money market will make you money whether it goes up or down. I have been playing around with it now for a couple of months. At first there can be a steep learning curve with some costly lessons if you make mistakes through manual placing of orders. You have to know when to get in and when to get out. You can lose your shirt very quickly if you don?t know what you?re doing.
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