Suzlon Energy, one of the top five wind turbine manufacturer in the world, reported second quarter loss on forex volatility and compensation to clients for broken blades.
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India’s foreign exchange reserves have declined by $15.4 billion, the biggest fall in over eight years, for the week ended October 24. The forex reserves stood at $258.4 billion for the said period, compared with $273.9 billion in the previous week.
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NEW DELHI, Oct 31 (Reuters) - Ranbaxy Laboratories , India’s top drug maker by sales, on Friday reported a net loss for the September quarter due to problems in the U.S. market and foreign exchange losses due to a weaker rupee.
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Our DailyFX+ Forex Trading Signals have seen their best performance in recent memory, as extraordinarily volatile currency price moves create an excellent environment for our proprietary trading strategies.
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Within the last half hour our “Range 1” Forex Buy/Sell Automated Trading Signal has indicated a counter-trend GBPCHF buying opportunity. The “Range 1” indicator trades with a long term focus and a 36% accuracy level.
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GBPUSD – The forex trading crowd has aggressively sold the British Pound/US Dollar pair, and our SSI indicator has provided an excellent contrarian signal to buy the GBP/USD. Though the SSI has incorrectly signaled that the GBP/USD may rally since 1.8000, increasingly net-short positioning actually led our SSI-based currency trading signals to begin buying aggressively at 1.5430. The net-short …
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USDJPY – Our forex positioning measures have been similarly effective in forecasting US Dollar/Japanese Yen price action. The forex trading “crowd” flipped to net-short the USD/JPY very near the bottom set last week, and our SSI-based forex trading signals aggressively sold the Japanese Yen against the US Dollar, Euro, British Pound, and Australian Dollar . The ratio of long to short positions …
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EURUSD – Forex positioning in the Euro/US Dollar has been especially volatile as of late, but shifts in trader sentiment have been useful to forecast changes in short-term direction for the EUR/USD pair.
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EURUSD - Euro Forecast Against US Dollar May Shift on Forex Positioning USDJPY - Forex Trading Signals Accurately Forecasted USD/JPY Weakness GBPUSD - Forex Trader Sentiment Creates Excellent GBP/USD Trading Signals USDCHF - US Dollar/Swiss Franc Positioning Forecasts Short-Term Strength USDCAD - Canadian Dollar Forecast Unclear Against the US Dollar
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Forex markets continue highly correlated to a broad range of asset classes, with the US Dollar and Japanese Yen especially sensitive to price moves in the Dow Jones, Oil, and other major risk barometers.
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