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Gold Investment: "Significant Shift" into Physical Metal

posted by princess 1278 days ago in Gold, Oil, Metals made popular 1278 days ago

Gold Prices slid almost 2% early in London on Tuesday, recording an AM Fix of $802.50 per ounce – fully $20 below Monday afternoon's 6-week high – on what one analyst called "a bit of profit taking."

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Bank of England signals more interest rate cuts

posted by konata 1278 days ago in GBP, Inflation made popular 1278 days ago

The Governor of the Bank of England, Mervyn King, said that the most pressing issue facing the UK economy right now is the lack of lending by banks to businesses and consumers, he then added they may be forced to cut rate further.

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German exports slump in third quarter

posted by milkyway 1278 days ago in EUR, Fundamental, GDP made popular 1278 days ago

A slump in exports and a contraction in investment pushed Germany into a recession during the third quarter, the nation's statistics office said as the country's government faces calls for new measures to fire up Europe's biggest economy.

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German Economy Confirmed to Have Contracted 0.5% in Q3

posted by kulas 1278 days ago in EUR, Fundamental made popular 1278 days ago

The German economy was confirmed to have contracted 0.5% quarter-over-quarter in Q3 following Q2's 0.2% decline, in line with preliminary estimates, the Federal Statistical Office (Destatis) reported on Tuesday.

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Housing heads for a soft landing

posted by InvestorsChoice 1278 days ago in Housing made popular 1278 days ago

One of the odd things about the economy is we tend to explain whatever happens in purely local terms - Howard did this, Rudd did that, this caused that - but then we look up and discover what's happening here is remarkably similar to what's happe

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EUR/USD Technical Analysis 25 November 2008

posted by blitz 1278 days ago in USD, EUR, Technical made popular 1278 days ago

In October the European currency prevailed the long term rising trend line and fell sharply. Last week the currency pair failed to develop growth and consolidated.

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Canada's jobless rate to hit 7.5% by 2010, report warns

posted by scorpio 1278 days ago in CAD, Fundamental, Employment made popular 1278 days ago

The global recession will increase unemployment in OECD countries by eight million people, according to a new report, with Canada's unemployment rate expected to rise to 7.5 per cent.

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EUR/JPY - Euro Yen 25/11/08

posted by Sylvanna 1278 days ago in EUR, JPY, Technical made popular 1278 days ago

124,26. EUR JPY broke 123,50 resistance. EUR JPY is in a consolidation after the last bullish movement. The volatility decreases.

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Dollar falls on Citigroup bailout

posted by LadyBroker 1278 days ago in USD made popular 1278 days ago

The dollar fell against most major currencies on Monday as the U.S. government’s plan to bailout Citigroup boosted confidence in financial markets.

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More Signs of An Unstoppable Economic Meltdown

posted by strawberry 1278 days ago in Fundamental, Special made popular 1278 days ago

Crisis denialists are still around but are slowly and grudgingly giving way to the reality that we are in serious crisis as recession lurches toward depression in a continuing downward spiral.

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GDP, confidence numbers expected to show decline

posted by ChocoFudgeCake 1278 days ago in USD, Fundamental, GDP made popular 1278 days ago

More economic data on the GDP, home prices and consumer confidence are due out today.

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Yen gains as risk aversion returns

posted by yen2yen 1278 days ago in USD, EUR, JPY made popular 1278 days ago

The Japanese yen and the U.S. dollar rebounded Tuesday as worries about the impact of a global economic slowdown came back into focus for foreign-exchange traders, strategists said.

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