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Update: Crown Forex appeals FINMA’s decision (The Forex Market)

31st March 2009

Update: Crown Forex appeals FINMA’s decision (The Forex Market)

FXstreet.com (Barcelona) - Crown Forex has appealed to the Federal Administrative Court against the FINMA’s resolution about its special investigation on its activities. The Swiss Financial Market Supervisory Authority (FINMA) took the decision on February 23rd.

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31st March 2009

Update: Crown Forex has appealed FINMA’s decision (The Forex Market)

FXstreet.com (Barcelona) - Crown Forex has appealed to the Federal Administrative Court against the FINMA’s decision to liquidate its firm. The Swiss Financial Market Supervisory Authority (FINMA) took the decision on February 23rd.

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31st March 2009

Short-Term Forex Technical Outlook: EUR/CHF (Daily FX)

Mounting concerns for the U.S. automotive and banking sector sparked a rise in risk aversion across the financial markets, and as the European Central Bank is widely anticipated to lower the benchmark interest rate by 50bp on Thursday, expectations for further easing by the central bank is likely to weigh on the exchange rate as the euro-region faces its worst economic downturn in over half a …

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31st March 2009

(AFX UK Focus) 2009-03-31 05:15 UPDATE 1-Vietnam allows forex swaps to offset dong scarcity (Interactive Investor)

HANOI, March 31 (Reuters) - Banks in Vietnam in need of short-term dong funds after a surge in lending under a government stimulus package can use foreign exchange swap deals with the central bank to meet their needs, the State Bank of Vietnam said. The annual swap rate is 8 percent and banks licensed to trade in foreign exchange will be allowed to conduct swaps, subject to central bank …

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31st March 2009

(AFX UK Focus) 2009-03-31 04:15 Vietnam c.bank allows forex swaps, sets 8 pct rate (Interactive Investor)

HANOI, March 31 (Reuters) - Banks in Vietnam short of short-term Vietnamese dong funds could use foreign exchange swap deals with the central bank to meet their needs, the State Bank of Vietnam said. The annual swap rate is 8 percent and banks licensed to trade in foreign exchange are allowed to conduct swaps, subject to central bank permission, the State Bank of Vietnam said in a letter sent to …

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31st March 2009

Zimbabwe: Move on Forex ATMs Welcome (AllAfrica.com)

Harare — Zimbabwe needs to take the next step in its switch to foreign currencies with ATM transactions, use of plastic money at tills, and cheques. In any country most cash is in the form of entries in bank databases and only a modest fraction exists as notes and coins.

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31st March 2009

Forex: AUD/USD: Aussie rallied to 0.6950 resistance; above here, 0.75% likely (The Forex Market)

FXstreet.com (Barcelona) – The Australian Dollar has been appreciating against the Dollar after rebound on 0.6770 low on March 30, reaching some pips below 0.6950 resistance level so far. The Hourly chart shows the pair struggling with the 200 SMA, some pips below the mentioned level.

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31st March 2009

ECB Gold Reserves -EUR82 Million, Forex -EUR4.4 Billion In Week To March 27 (Nasdaq)

FRANKFURT -(Dow Jones)- The Eurosystem’s reserves of gold and gold receivables decreased EUR82 million to EUR217.543 billion in the week ended March 27, the European Central Bank said Tuesday.

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31st March 2009

Forex: USD/CAD falls 0.65% to test 1.2500 level on risk aversion (The Forex Market)

FXstreet.com (Barcelona) - After falling around 0.65% from the 1.2617 opening price to test the 1.2500 support line, the USD/CAd has been rebounded to trade above 1.2540. Currently, the pair is trading around 1.2530/40. Along the European session, USD/CAD has been traded in a 1.2505/50 small channel.

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31st March 2009

FOREX-Yen slides broadly as fiscal yr ends; euro rises (Reuters via Yahoo! Philippines News)

* Yen down sharply as Japan fiscal year comes to an end

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