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Obama sure of rebound despite job loss figures

posted by strawberry 38 minutes ago in USD, Fundamental, Employment

President Barack Obama said he was confident the US economy would recover, despite new data showing unemployment at a 26-year-high of 9.5 per cent, which dampened hopes of a quick rebound.  read more

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Job losses rise in June, ending 4 months of improvement

posted by milkyway 40 minutes ago in USD, Employment

Worse-than-expected unemployment numbers and an uptick in the jobless rate renewed fears Thursday that the U.S. economy remains very fragile and recovery is elusive.  read more

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Economist: Canadian GDP could take five years to recover

posted by xjessicax 41 minutes ago in CAD, Special, GDP

Canada's economy won't be back to 2007 levels until 2012, according to a noted economist who uses gross domestic product--per person--as the best indicator of where our economy stands.  read more

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NZ Dollar Recovers From 10-day Low Against Greenback And Yen

posted by twilight 47 minutes ago in USD, JPY, AUD

Friday, the New Zealand dollar recovered from an early Asian session's 10-day low against the US dollar and the Japanese yen. The kiwi also edged higher against the European currency, but showed weakness against the Australian currency.  read more

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Slump in house prices has ended

posted by fahrell 3 hours ago in GBP, Housing

hey have been left reeling from a 20 per cent drop in values and would-be buyers have been unable to get a mortgage since the onset of the credit crunch.  read more

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Oil prices tumble as US and Europe unemployment rises

posted by erzon 3 hours ago in USD, EUR, Oil

Oil prices tumbled to their lowest level in a month Thursday following the release of woeful job numbers in Europe and the U.S.  read more

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Oil prices slide on weak US jobs report

posted by fxlady 5 hours ago in USD, Oil, Employment

Oil prices sank under $US67 dollars a barrel on Thursday after weak jobs data quashed hopes of a speedy economic recovery in the United States, which is the world's top energy consumer.  read more

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US factory orders rise in May

posted by eriathwen 6 hours ago in USD, Manufacturing

Orders to US factories jumped in May by the largest amount in nearly a year, another sign that the nosedive in manufacturing is nearing an end.  read more

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NZD: Construction tipped to rebuild by 2011

posted by ceronueve 6 hours ago in NZD

Building costs in the $12 billion construction sector are falling and the industry could be in for a recovery by 2011, says the Institute of Economic Research (NZIER).  read more

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Unexpected surge in US jobless takes unemployment rate

posted by aranel 6 hours ago in USD, Fundamental, Employment

Unemployment is accelerating again in the world's largest economy, confounding forecasters who believed that the pain of the US recession was starting to ease.  read more

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Forecast on USD Minors - July 2, 2009

posted by Nica 8 hours ago in USD, CHF, Technical

USDCHF breached the prior day's low and closed @ 10755 which was well below the open. ECB rate announcement & Non Farm Payroll. The Hourly Oscillators are bearish but weak and the price is below the MA, so Cautious approach is needed.  read more

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USD/JPY Technical Analysis

posted by andes 8 hours ago in USD, JPY, Technical

The Japanese Yen is higher across the board as stocks fell following the U.S. NFP report which showed broad based job cuts and weaker wage growth. The headline number deviated by over 100K jobs to -467K, while average hourly earnings showed no gr  read more