| MG Financial adds Dow Jones FX market data stream to DealStation
(ASSODIGITALE.IT) Dow Jones & Company (NYSE: DJ) today announced an agreement with MG Financial Group, a leader in retail foreign exchange, to include streaming currency news from Dow Jones Newswires, the trusted source of real-time news and information for financial professionals, into MG's DealStation Forex trading platform. DealStation is designed for individual investors, providing them with a suite of tools, rates, data and charting for trading currencies. Now, DealStation customers can access real-time, streaming news from Dow Jones directly from their trading platforms. The custom package of Dow Jones news and information includes: DJ Market Talk - Forex commentary from around the globe Forex Roundups - U.S., Europe, Asia and Latin America Exclusive Dow Jones commentary and columns Forex View - Analysis of trading and trends Forex Focus - Outlook on U.S., European, and Asian currencies "Our customers' interests are always our top priorities," said Marla Miller, chief operating officer at MG Financial Group.
Forex Weekly Review and Outlook Central Bank Meetings Take Center ...
After a volatile week full of important economic events, the forex markets actually ended up having not much progress and ended in previous week's range. With the Fed now more comfortable on growth and inflation, markets seem to have reached consensus that Fed will keep rates on hold the first half. Attention will be turned to central bank meeting this week, in particular ECB's press conference and whether Trichet will signal rate hike in March. Also, G7 speculations will likely continue to trigger volatility in the Japanese yen. The focal point of last week for the forex market was the FOMC meeting. As widely expected, the Fed left rates on hold at 5.25%. And the Fed did modified the accompanying to reflect recent solid economic data by saying that "recent indicators have suggested somewhat firmer economic growth" instead of "recent indicators have been mixed".
Nasdaq follows Cisco's lead
Cisco's strong earnings gave a boost to the technology sector Wednesday, pushing the Nasdaq composite closer to a six-year high. However, the Dow gave up attempts at another record-breaking close after an early advance petered out. The Nasdaq (up 19.01 to 2,490.50, Charts) composite added 0.8 percent, moving closer to a six-year high set last month. .
Paulson: Yen's Decline Is Not a Concern
Treasury Secretary Henry Paulson said Tuesday he was not concerned about the lows being set by the Japanese currency against the U.S. dollar because those values are being set in open markets. Paulson was pressed on the issue by Rep. Sander Levin, D-Mich., during a hearing of the House Ways and Means Committee. Levin questioned why the Bush administration was not doing more to encourage the Japanese government to halt the slide in the yen against the dollar. American automakers believe that decline has given their Japanese competitors a tremendous price advantage. Levin said European auto companies were complaining about the yen's decline against their currencies. He suggested that Paulson should join forces with European finance ministers to lobby Japanese officials on the issue when the countries meet this weekend for the Group of Seven finance ministers meeting in Essen, Germany.
PREVIEW-G7 ministers head to Essen meeting at odds over yen
* G7 to address foreign exchange rates, hedge fund transparency, promoting energy efficiency, fiscal policy in Africa, IMF reform and emerging bond markets. By Paul Carrel BERLIN, Feb 8 (Reuters) - Finance ministers from the Group of Seven rich nations meet in Germany this weekend divided over whether the club should send markets a message on the weak yen. Euro zone countries have complained loudly about the Japanese currency, fearing its descent to record lows against the euro is damaging their economies by making European goods and services too expensive compared with those from Japan. But they have won no support from the United States, which says the yen's value is set fairly -- a position echoed by Canada. Britain has remained silent and Japan has played down the issue, saying the yen is unlikely to dominate the talks.
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