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GBP/USD - After the Dust Settles

posted by Avatar jameschen 1331 days ago in USD, GBP, Technical

As seen on the accompanying GBP/USD daily chart, the dust is settling after the Non-Farm Payrolls report on Friday morning, and this pair seems to be reaching somewhat of a plateau right above strong support (in the 1.7450-1.7500 region) read more
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Employment Falls By More Than Expected in September

posted by Avatar MarcB 1331 days ago in USD, Fundamental, Employment made popular 1329 days ago

Employment fell by more than expected in the month of September, according to a report released by the Department of Labor on Friday, although the unemployment rate remained unchanged compared to the previous month. read more
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Dollar's Recent Strength has Little to Do With U.S. Economy

posted by Avatar fxhottie 1331 days ago in USD, Fundamental, Daily made popular 1330 days ago

Financial institutions have tightened their grip on their purse strings, and their level of caution in dealing with other banks and financial firms have risen sharply since the collapse of Lehman Brothers. read more
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Buffett on the Credit Crisis: 'An Economic Pearl Harbor'

posted by Avatar fxhottie 1331 days ago in USD made popular 1330 days ago

Skeptics will claim he is talking his own book, with the recent GS and GE investments. But I think he knows what he is talking about. Buffet says that if he could take a 1 percent stake in the bailout (investing $7 billion), he would. He thinks t read more
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France slips into recession: official forecast

posted by Avatar nancypants 1331 days ago in EUR, Fundamental made popular 1331 days ago

French leaders scrambled to reassure consumers, voters and investors Friday, after the official statistics agency warned that the eurozone's second largest economy had slipped into recession. read more
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ECB opens door to rate cut as Trichet heads to crisis talks

posted by Avatar nancypants 1331 days ago in EUR, Fundamental, Daily made popular 1331 days ago

The European Central Bank has opened the door to a rate cut in the coming months as its president Jean-Claude Trichet prepares for high-level financial talks in Paris on Saturday, analysts said. read more
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Australia Dollar Set for Worst Week Since 1985

posted by Avatar JayP 1331 days ago in AUD, NZD, Daily made popular 1331 days ago

The Australian dollar fell by the most this week since 1985 against the U.S. currency as investors cut holdings of higher-yielding assets on speculation the global economy won't avoid a recession. read more
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Spain's Industrial Output Declines For Fourth Straight Month

posted by Avatar JayP 1331 days ago in EUR, Fundamental, Manufacturing made popular 1331 days ago

Friday, Spain's industrial production declined at a faster rate in August, strengthening the likelihood of a recession in the economy. read more
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How Ireland Will Destroy the Euro

posted by Avatar MarcB 1331 days ago in EUR, Fundamental, Daily made popular 1331 days ago

Ireland's decision to guarantee all bank deposits will contribute to the demise of the single European currency, because it will erode the euro's credibility if it's allowed to go ahead, Hugh Hendry, chief investment officer and Partner at Eclect read more
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Dollar Heads for Weekly Loss Versus Euro Before U.S. Jobs

posted by Avatar MarcB 1331 days ago in USD, EUR, JPY made popular 1331 days ago

The dollar fell against the yen, headed for a third weekly loss, before a government report that will probably show the deepening credit crunch contributed to the biggest drop in employment in more than five years. read more
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Jobs Outlook Turns Hazy As Financial Crisis Grows

posted by Avatar fxhottie 1332 days ago in USD, Fundamental, Employment made popular 1331 days ago

The worsening credit crisis is creating even more uncertainty about the US jobs outlook. read more
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Gold Prices Drop $43 An Ounce As Dollar Strengthens

posted by Avatar fxhottie 1332 days ago in USD, Daily, Gold made popular 1331 days ago

The price of gold dropped sharply on Thursday in early U.S. trading and moved to its lowest level in nearly two weeks. Gold for December delivery moved to $844.30, down $43 on the session. The metal hit as low as $833.50 earlier in the day and te read more