The News Review:
- Brazil’s TAM Posts Heavy 4Q Loss n Hedges Forex
- Forex Market Update: USD/JPY Reverses Early Tankan-Related Gains …
- WRLD FREX: Euro Rally Vs Dlr Halts; All Eyes n ECB G20
- APRIL 1- PRSTICKS ICHIMKU FREX TECHNICAL REPRT FR EUR GBP …
Brazil’s TAM Posts Heavy 4Q Loss n Hedges Forex
Wall Street Journal
) SA PAUL (Dow Jones)–Brazil’s leading airline TAM SA (TAM) late Monday posted a huge fourth-quarter loss due a heavy hit from fuel hedges and the depreciation of the Brazilian real. The company lost 1. 12 billion Brazilian reals ($481 million) last quarter swinging from a net profit of BRL118. 5 million in the year-earlier period using.
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Forex Market Update: USD/JPY Reverses Early Tankan-Related Gains …
Daily FX
President bama favored bankruptcy by GM. Though denied by administration officials later on Reuters the reaction in forex markets helped keep JPY crosses under pressure adding to the weakness in AUD NZD and subsequently EUR and GBP and helping to support the USD. Asian stock markets were mixed with the Nikkei up on exporter stocks which rallied with JPY above 99. 00 in early trading and the highest in almost a month but DJIA futures were down over 90 pts. il dropped under $49 in a delayed reaction to the rise in API inventories.
WRLD FREX: Euro Rally Vs Dlr Halts; All Eyes n ECB G20
Wall Street Journal
–>WRLD FREX: Euro Rally Vs Dlr Halts; All Eyes n ECB G20 ArticleCommentsmore in. Momentum traders began abandoning the euro after failing to break new ground in its sharp rally off the Federal Reserve’s vote last week to start buying longer-term Treasurys. The dollar completely recovered its losses Friday. The euro fell to $1. 3256 its lowest level since the decision.
APRIL 1- PRSTICKS ICHIMKU FREX TECHNICAL REPRT FR EUR GBP …
ForexTV.com
Bullish reversal from kumo lower band made the bottom intact. The strength of the monthly bottom formation is even stronger than the head formation in 2008 that led to a 4000 pips decline. With G-20 going on no one can tell what is going to happen next. Chart clearly says bottom has been made.