posted by
moneymatters
183 days ago
in EUR, GBP
The stronger-than-expected inflation data dampened hopes that the world's second largest economy would loosen monetary policy in the near-term. The euro was also up against the pound, with EUR/GBP adding 0.33% to hit 0.8717. Earlier in the day, ...
posted by
czarinacleopatra
1209 days ago
in JPY
TOKYO: Worries about the spluttering global economy kept investors on edge Friday, although efforts by governments to keep credit flowing helped to calm recent panic on world markets.
posted by
czarinacleopatra
1209 days ago
in JPY
Most Asian stock markets fell, paring the MSCI Asia Pacific Index's weekly advance, on signs the credit market turmoil is curbing demand for the region's exports and causing economies to contract.
posted by
FXEmpire
143 days ago
in USD, GBP, Technical
The GBP/USD market continues to meander around the 1.57 – 1.58 area. The pair recently broke through the massive support area in the form of the 1.5850 area, and looks to be weak in the face of a 5 day winning streak for the stock markets. Since
posted by
czarinacleopatra
1209 days ago
in JPY
Japan's ruling coalition is planning to call elections by the end of next month even as the global financial crisis threatens to spark a worldwide recession, an advisor to Prime Minister Taro Aso said.
posted by
pippinator
1210 days ago
in USD, Fundamental, Daily
The forex markets are basically staying in tight range in early US session. Rally in dollar and yen lost some steam after European stock markets recover some of the earlier losses. US stocks are mixed at open as market digests yesterday's losses.
posted by
mags23
1209 days ago
in AUD
Prime Minister Kevin Rudd will hold an emergency summit with some of the country's top business leaders today as the once-stellar economy turns down amid financial market turmoil and the threat of global recession
posted by
czarinacleopatra
1209 days ago
in JPY
Sumitomo Life Insurance Co., Japan's fourth-largest life insurer, said it plans to limit investment in overseas assets in an effort to reduce its currency risk.
posted by
dooly
1210 days ago
in USD, EUR, Fundamental
Unlike the other major currencies, the EUR/USD has not joined in the rally today. For currency traders looking for an explanation, the answer is OIL.
posted by
czarinacleopatra
1209 days ago
in JPY
Japanese 10-year government bonds completed a second week of losses after U.S. and European rescue plans for finance companies bolstered global stock markets.
posted by
gonepippin
1210 days ago
in USD, Fundamental, Manufacturing
Thursday morning, the Federal Reserve Bank of Philadelphia released its report on manufacturing activity in the mid-Atlantic region in the month of October, showing that activity contracted at a much faster than expected pace.
posted by
mags23
1209 days ago
in AUD
SOME Australian businesses are already in the doldrums, others are expecting to get hit soon by the world economic crisis, a business leader said.