Forex Trading Information

EBS Dealing Resources Extends EDS Relationship; EDS Will Continue ...

PLANO, Texas, June 7 /PRNewswire-FirstCall/ -- EDS today announced it is extending its nearly decade-long relationship with EBS Dealing Resources, the world's leading provider of trading and market data solutions to the professional FX and precious metals communities. Financial details of the agreement were not disclosed.

EDS (http://www.eds.com/ ) will continue to enable EBS' (http://www.ebs.com/ ) global growth with a range of IT services including management of the company's global network operations, field services and telecommunications.

"By the nature of our business, we need to ensure that our clients have the most accurate trading information and market data in real time," said Bill Moran, Chief Operating Officer of EBS. "Key is our ability to improve trading response time across a globally distributed network as we respond to an increasingly more competitive marketplace.

'Prada' movie spotlights nasty boss phenom

In this undated photo provided by 20th Century Fox, shows Meryl Streep, playing Miranda Priestly, a capricious and fear-inspiring fashion editor, in the new film,'The Devil Wears Prada.' (AP Photo/20th Century Fox)

A famous designer throws a fit and hurls a pair of scissors at his assistant. The ladies room at a top fashion glossy is routinely filled with weeping underlings who've been dressed down. One boss enforces a starvation regime: You can't go out for lunch, but you can't eat at your desk, either.

These could be scenes from "The Devil Wears Prada," the new film starring

Meryl Streep as Miranda Priestly, a capricious and fear-inspiring fashion editor. But they're actual anecdotes from the fashion world. Insiders agree that the depiction of scary-boss excess in the film, and even more in the book, is dead-on.

Let's debate cold, hard facts

Maybe our extreme weather in recent weeks will have turned more people into climate change believers. And, conversely, more people into sceptics. How can cold and wet have anything to do with global warming, the latter will protest.

The sceptics better believe. The weather is unfolding just as Niwa predicted in its climate change analysis. More violent weather patterns are a consequence of global warming. It is already taking a toll on agriculture and infrastructure.

We should be worried - a lot. Among developed countries, we are by far the most dependent on the primary sector, the economic activity most vulnerable to climate change. Overall the primary sector generates about 17 per cent of our GDP, 15 times the contribution found in most other developed countries.

BrewerFX Partners With Learn:Forex to Introduce New Managed forex Accounts

Learn:Forex, one of the nation's oldest and most respected forex learning institutes, announced today that BrewerFX has selected the company as its exclusive partner for managed forex trading and foreign exchange education. BrewerFX is a wholly- owned subsidiary of Brewer Investment Group, which is an elite, full-service wealth management firm with affiliate offices world wide. Brewer will utilize Learn:Forex traders to run its managed forex product offering and will promote Learn:Forex's currency trading courses to clients through its broker network.

Until recently, the forex markets have been primarily utilized by hedge funds and institutions. The strategic alliance between Learn:Forex and BrewerFX brings the potentially lucrative world of foreign exchange to retail investors and connects them with professional forex traders.

Futures Closing Bell 07/07/2006

Bullish speculators go Cocoa nuts! On a day when nearly every commodity was in the red, there was one bright spot -- Cocoa! September Cocoa closed at 16-month highs, as commodity funds continue to add to long positions. September Cocoa has closed higher the past six trading days since closing above the downtrend line formed from the January 18th highs. Traders noted a weakening U.S. Dollar and strong German Cocoa grind figures as supporting factors to the recent price surge. Technical traders will notice the increase in volume since the 6/28 breakout, which confirms the validity of the breakout to the upside. Support for September Cocoa is seen at the chart gap at 1619, with resistance at 1750. September Cocoa closed at 1729, up 19.

Bearly Hit a New High: Crude Oil dropped from contract highs today, on optimistic news regarding the European Union talks with Iran.

FOREX-Dollar recovers from 3-week low vs yen

TOKYO, July 3 (Reuters) - The dollar recovered from a three-week low against the yen on Monday after the Japanese currency was unable to sustain a rally triggered by an upbeat survey of corporate sentiment.

The yen initially rose after the Bank of Japan's quarterly tankan poll for June produced a headline diffusion index of plus 21, a tad lower than forecasts but up from plus 20 in March and helping to pave the way for the BOJ to possibly raise interest rates from zero next week.

But the yen's gains were short lived due to dollar buying by Japanese importers and mutual funds, whose demand for the U.S. currency underlines interest among investors in higher-yielding currencies even as domestic rates look set to rise.

"People had sold dollars going into the figure, and the reaction after the data was quite small," said Luke Waddington, head of forex trading at Royal Bank of Scotland.