FINANCIAL NEWS - Market still wary of battle over Russian rouble - Forbes FINANCIAL NEWS - Market still wary of battle over Russian rouble - Forbes

Wednesday, February 4, 2009

FINANCIAL NEWS - Market still wary of battle over Russian rouble - Forbes

MOSCOW, Feb 4 (Reuters) - Russia's rouble stopped just short of the trading floor the central bank has vowed to defend on Wednesday and traders said the market lacked momentum for a second day to pursue a widely awaited showdown. Russia has sought to in BUSINESS NEWS >

LONDON, Feb 4 (Reuters) - The dollar and yen picked up steam again on Wednesday, with investors calling time on brighter market sentiment prompted by stronger than expected U.S. housing data the previous day, allowing caution to seep back in. Heavy in BUSINESS NEWS >

Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 и 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 in BUSINESS NEWS >

NEW YORK (AP) -- Some heartening news on home sales and earnings yesterday let Wall Street set aside a little of its angst. Major stock indexes rose more than 1 percent as the Dow Jones industrials rose more than 140 points to snap a three-day slide in BUSINESS NEWS >

On Tuesday, the dollar was dumped across the board as a strong rally in U.S. stocks encouraged some risk seeking, denting safe-haven flows into the U.S. currency. The dollar tends to perform well in a risk-averse environment, benefiting from its in BUSINESS NEWS >

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