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Burberry: Trading Update Provides Good (Forex Market) News

The pros of foreign currency trading

3. Strong potential for profits

This is particularly true with falling currencies. Because foreign currency trading involves two currencies, when one rises, the other naturally falls. When a currency depreciates, it could be the perfect time to buy into it so that you can sell it for a hefty profit when it is its turn to appreciate. For complete information see Forex Education
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Burberry: Trading Update Provides Good News
Stock Price: 565p Conclusion: Trading update leads us to upgrade our F10 estimate by 5.6%. Burberry stock price stands slightly above our revised valuation range of p540-550. H1 Trading update: Sales up 6% reported, down 5% underlying in H1.
Source: seekingalpha.com

U.S. dollar drops further after strong China trade
The U.S. dollar extended losses against most major rivals Wednesday, sinking as Chinese data, strong U.S. corporate earnings and remarks by the Federal Reserve’s vice chairman downplaying inflation risks whetted investor appetite for risky assets, strategists said.
Source: www.marketwatch.com

Earnings Lift Europe As Euro Nears $1.50
The single European currency was in vogue on Wednesday as Forex traders positioned themselves ahead of the release of U.S. economic data and minutes from the latest Federal Reserve meeting, sending it nearly within reach of $1.50. The euro climbed to $1.490 in morning European trading, up from $1.482 in New York on Tuesday; it eased to $1.489 by …
Source: www.forbes.com

Asian Stocks Rise; Nikkei Gains 1.8%
Asian stocks advanced Thursday following the strong momentum seen over the last few trading sessions, especially in the U.S. cash market.
Source: www.thestreet.com

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