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Mad Currency Machinations Continue

posted by dooly 1314 days ago in Fundamental, Daily made popular 1313 days ago

Now and then I like to post an update on the mad post-bailout machinations in currency markets, so here is a quick look. It is still a tale of pain against the U.S. dollar for everything but the Japanese yen, and even it has flattened out a littl

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Sterling slides vs broadly rising dlr; data weighs

posted by gonepippin 1314 days ago in USD, GBP, Fundamental made popular 1313 days ago

Sterling lost its lustre after initially rising more than one percent against the dollar on Monday as the greenback gained broadly late in the session.

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As economy pales, PM's riding remains true blue

posted by keiragabe 1317 days ago in CAD made popular 1317 days ago

The stock markets are slumping and oil prices are falling as economic uncertainty continues to shake the world economy, but at Ducks & Company, an upscale boutique located in the same Calgary strip mall as Prime Minister Stephen Harper's constitu

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Euro Versus the US Dollar: The Winner is Just Not as Bad

posted by thegearedinvestor 1317 days ago in USD, EUR, Sentiment made popular 1317 days ago

I'm sitting here watching a completely flat trading day once again for the EUR/USD pair. The most heavily traded currency pair in the world is caught in a battle between which economy is worse. And right now, there is no winner.

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Food companies keep prices high

posted by sassygirl 1317 days ago in CHF made popular 1317 days ago

Grain and soybean prices have fallen by about 50 percent since their summer highs. But don't expect grocery prices to drop anytime soon.

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What would the bank-bail out money buy for the environment?

posted by sassygirl 1317 days ago in GBP made popular 1317 days ago

Countries could protect nature, help halt climate change, and provide food and clean water for a billion people for little more than has been pledged to bail out the world's banks in the last week, according to a series of authoritative economic

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Chart of the Day - 10/17/2008 - AUD/USD

posted by jameschen 1317 days ago in USD, AUD, Technical made popular 1317 days ago

Much like some other dollar-based pairs as of Friday (10/17/2008), price action on the AUD/USD daily chart, as shown, has formed a large inverted pennant/triangle formation

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Why Isn't the EUR/USD Rallying?

posted by dooly 1318 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.

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Housing Starts: Will The Downtrend Ever End?

posted by willfx 1318 days ago in USD, Fundamental, Housing made popular 1318 days ago

The housing start figure has been in a downtrend since July. In September, it was 0.90m failing to meet the estimate of 0.95m for the month. It is likely that this down trend will continue for October's release.

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Thoughts About Breaking Trading Slumps

posted by lovethefx 1318 days ago in Trading Psychology made popular 1318 days ago

It's never easy going through a trading slump, but it's especially frustrating and difficult when markets are moving and you're missing out on so much seeming opportunity.

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Zero interest rate a possibility

posted by mags23 1318 days ago in AUD made popular 1318 days ago

Australian interest rates are tipped to fall to the lowest level since the aftermath of the September 2001 terror attacks as the central bank worries about a recession.

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Aussie, NZ dollars drop on Global Recession Concern

posted by mags23 1318 days ago in AUD made popular 1318 days ago

The Australian and New Zealand dollars fell the most since Oct. 8, when they plunged to five- year lows versus the greenback, as equities and commodities tumbled on concern the world is sliding into recession.

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