FreshPips.com / User / odell / Voted

Japan's top CEOs say crisis shows US shortcomings

posted by odell 1236 days ago in USD, JPY, Fundamental made popular 1236 days ago

apan's business leaders said Tuesday the U.S. financial crisis has shown the shortcomings of America's freewheeling approach to business, but defended the end of this nation's tradition of lifetime employment as needed to keep up with global chan

Discuss

Factory orders drop more than expected in Nov.

posted by odell 1236 days ago in USD, Fundamental, Manufacturing made popular 1236 days ago

Orders to factories fell for a record fourth straight month in November, and analysts believe manufacturing will continue to suffer in coming months as the country slogs through a recession entering its second year.

Discuss

Survey finds older Americans cutting spending

posted by odell 1236 days ago in USD, Retail Sales, Consumer made popular 1236 days ago

Older Americans are spending less on entertainment and restaurant meals as the recession forces them to focus on paying for essentials such as food, gas and medicine, a survey released on Tuesday said.

Discuss

Home sales tumble to 7-year low

posted by odell 1236 days ago in USD, Fundamental, Housing

Pending sales of existing U.S. homes dropped to a seven-year low in November, data showed on Tuesday, as rising job losses and a deepening economic recession kept potential house buyers on the sidelines.

Discuss

Chart of the Day - 1/06/2009 - USD/JPY

posted by jameschen 1236 days ago in USD, JPY, Technical

Coming into the New Year, price action on the key USD/JPY pair (a daily chart of which is shown) has made a very decisive break above a strong downtrend resistance line that has been in place since at least September 2008

1 Comment

Jan-06 market commentary and technical levels

posted by chuzzle 1236 days ago in Technical, Daily made popular 1236 days ago

As I had expected, after breakdown the descending triangle formation on 4h chart, the EURUSD made a significant bearish movement yesterday. The pair hit my short target at 1.3750 and 1.3600, even further, bottomed at 1.3546.

Discuss

U.K. Dec. services PMI posts unexpected uptick

posted by busybee 1236 days ago in GBP, Fundamental

Britain's services sector saw a further contraction in activity in December, but the purchasing managers index posted an unexpected uptick to 40.2 from a reading of 40.1 in November, news reports said. Services PMI was expected to slip to 38.5, a

Discuss

Canadian Dollar Rises as Oil Breaches $50 Mark

posted by busybee 1236 days ago in CAD, Oil

The loonie is making broad-based gains on Tuesday morning against a backdrop of rallying crude oil prices.

Discuss

UK Services Sector Rebounds Slightly in December

posted by freshmint 1236 days ago in GBP, Fundamental

The UK services purchasing managers index recovered slightly from November's record-low 40.1 print to 40.2 in December, according to a report issued by Markit Economics on Tuesday.

Discuss

Euro And Gold Loses Support

posted by ColdFire 1236 days ago in EUR, Gold

U.S. Dollar Trading (USD) found strength against the Euro and JPY but lost ground against most other currencies which rebounded with improving market sentiment and rebound in commodity demand.

Discuss

New Tobin Tax Could Restore Yen

posted by rangesnet 1236 days ago in Fundamental, Daily, Trading Psychology

While the Yen’s 30% rise in 2008 is no mystery (a result of the unwinding of carry trades), its performance nonetheless defies economic fundamentals. Exports have fallen and industrial production has collapsed, such that recession now appears ine

Discuss

Economists see jobless surge, deeper housing hole

posted by odell 1237 days ago in USD, Fundamental, Employment

The worst financial crisis in more than a half century is going to get even worse, putting further pressure on U.S. home prices and driving the unemployment rate above 11 percent, according to two prominent academic economists

Discuss