* Outcome of ECB cash injection looms, Bernanke’s testimony next * Euro, commodity currencies holding firm * Yen on track for biggest monthly fall in 11 years vs euro SYDNEY, Feb 29 (Reuters) – The euro and commodity currencies held their ground in Asia on Wednesday as hopes that European banks will take up a large offer of cheap three-year cash from the European Central Bank bolstered risk appetite.
Tags: a-large-offer, banking-, biggest-monthly, cash-injection, deep-overbought, european, funding-strains, having-climbed, irish, sebastien-galy, sovereign-bond, tackle-the-debt, while-the-ecb
Forex reserves dip $10.5 bn in Sept: RBI Press Trust of India / Mumbai Feb 28, 2012, 20:48 IST India’s foreign exchange reserves declined by as much as $10.5 billion in the one-month ending September, 2011 mainly due to the impact of the central bank’s policy to intervene in the currency market to contain volatility. “The [forex] reserves stood at $304.8 billion as at end-March, 2011.
Tags: billion-at-the, cover-provided, currencies-like, declining, declining-value, during-the-six, exchange-market-, forex-reserves-, india-, months-at-end, pound-sterling, reserves-stood, september, the-foreign
* Euro, commodity currencies holding firm * Yen on track for biggest monthly fall in 11 years vs euro * Focus on ECB cash injection, Bernanke’s testimony (Updates prices, adds comments) SINGAPORE, Feb 29 (Reuters) – The euro and commodity currencies edged higher on Wednesday as hopes that European banks will take up a large offer of cheap three-year cash from the European Central Bank bolstered risk appetite.
Tags: a-slight-risk, australian, biggest-monthly, credit-agricole, european, expect-the-ecb, expectation, focus-on-ecb, ltro, market-traders, mitul-kotecha, six-month-high, the-expectation, well-supported, while-the-ecb
FXstreet.com (San Francisco) – AUD/USD has been slowly grinding higher during the Asia-Pacific session, having reached a daily high so far of 1.0821 from 1.0765 at the end of Tuesday’s trading in NY, last at 1.0815 for a gain of 0.47% on the day. The rise comes on the back of buoyant Asian equity markets, as risk tolerance is seen broadly stimulated in anticipation of a successful ECB LTRO auction scheduled for 1015 GMT. Technically speaking, AUD/USD’s advance has broken above channel resistance: “The channel on the daily charts is starting to break and intraday price action is also pointing to this conclusion,” says 2ndSkiesForex’s, Chris Capre.
Tags: a-daily-high, bars-off-the, chris-capre-, downside, equity-markets, intraday-price, not-necessarily, risk-tolerance
SMX West is approaching fast, and one of the sessions that caught my eye was the Enterprise SEO Challenges & Solutions. The panel is loaded with speakers with deep experience in enterprise SEO. I decided to reach out to the panelists and get a preview of their presentations, so I asked each of them some questions in advance of the show
Tags: a-large-scale, a-product-page, a-subset-are, challenges, community, jordan-koene, nikon, our-community-, presentations, solutions