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Buffett: Treasury 'Did Exactly the Right Thing'

posted by Avatar fxhottie 1356 days ago in USD, Housing made popular 1356 days ago

In stepping in to bail out and recapitalize collapsing home mortgage giants Fannie Mae and Freddie Mac, Treasury Secretary Hank Paulson "did exactly the right thing," said billionaire investor Warren Buffett. read more
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Bank of New York Reduces U.K. Pound Forecast on Rates

posted by Avatar JayP 1356 days ago in GBP, GDP made popular 1356 days ago

The pound will trade at $1.70 by the end of 2008, about 3.8 percent lower than current levels, as the slumping U.K. economy prompts the Bank of England to cut interest rates, according to Simon Derrick at Bank of New York Mellon Corp. read more
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Yen Bounces Back Against Major Rivals

posted by Avatar JayP 1356 days ago in USD, JPY made popular 1356 days ago

The Japanese yen rebounded on Monday in New York and regained much of its Sunday night slump. The yen got back almost all of its losses against the sterling and euro and also edged higher versus the dollar. read more
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Chart of the Day - 9/08/2008 - EUR/USD

posted by Avatar jameschen 1356 days ago in USD, EUR, Technical made popular 1356 days ago

Price action on the EUR/USD daily chart, as shown, has pulled back up to the long-term uptrend support line that it broke on Thursday of last week read more
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Economic Crisis Becoming Increasingly Broad-Based

posted by Avatar pippinallnite 1357 days ago in GDP, Inflation, Employment made popular 1357 days ago

Trader sentiment over economic conditions vacillated between hope and despair, as economic reports continued to relay mixed messages. Last week's reports were bordering on negative, with the bulk of the negativity stemming from weak readings on t read more
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Australian, N.Z. Dollars Rise on U.S. Rescue of Fannie, Fred

posted by Avatar pippinallnite 1357 days ago in JPY, AUD, NZD made popular 1357 days ago

The Australian and New Zealand dollars rose against the yen after the U.S. government seized control of Fannie Mae and Freddie Mac, restoring confidence among investors to buy higher-yielding assets. read more
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Yen Declines After US Government Takes Over Fannie, Freddie

posted by Avatar MarcB 1357 days ago in USD, JPY, Housing made popular 1357 days ago

The yen fell by the most in seven weeks against the euro and dropped versus the dollar on speculation the U.S. government's takeover of Fannie Mae and Freddie Mac prompted investors to buy higher-yielding assets. read more
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Trader Sentiment is changing - Could this be an important turning point?

posted by Avatar wiredprg 1357 days ago in Weekly made popular 1357 days ago

I'm going to keep it short and sweet this week and just say that if this isn't an important turning point on most pairs we are very close. Market sentiment is extreme and we should now see a strong reversal. See this article for market ... read more
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GFT Daily Market Commentary

posted by Avatar wiredprg 1357 days ago in Daily made popular 1357 days ago

Forex Market Commentary for September 8, 2008 by Cornelius LucaGFT Daily Market Commentary The unemployment data didn’t let us down, triggering aggressive, but divergent reaction of the dollar against different currencies. La... read more
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The Week Ahead for U.S.

posted by Avatar odell 1357 days ago in USD, Fundamental made popular 1357 days ago

In the Week Ahead in U.S. financial markets, Joe discusses upcoming FED talk and key economic releases. read more
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Government Takes Control of Fannie, Freddie

posted by Avatar MarcB 1357 days ago in USD, Fundamental, Housing made popular 1357 days ago

The Government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac, launching what could be its biggest federal bailout ever, in a bid to support the U.S. housing market and ward off more global financial market turb read more
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Exporters Happy with Falling Aussie Dollar

posted by Avatar skushno 1358 days ago in AUD made popular 1357 days ago

"It is a tough time and it's nice to see the dollar falling because I think it's going to give us some advantages."

While delighted, Mr Murray said local exporters were now much better able to cope with a rising currency in contrast to previou read more