FreshPips.com / User / erzon / Voted

Japan vows to beat deflation in 2011/12, spur growth

posted by newsinabox 709 days ago in JPY, Fundamental made popular 709 days ago

Japan pledged on Friday to conquer deflation in the year from next April and boost the economy in coming years by ramping up spending in growth areas, as it shifts policy gears to fix its tattered public finances.

Discuss

US markets open in red after downbeat housing data

posted by erzon 709 days ago in USD, Housing, Trade

US markets have opened Wednesday’s session with losses with investors’ sentiment deteriorated by European debt concerns and the unexpectedly deep decline on Housing Starts. On FX markets, The Dollar remains consolidating at recent lows against Eu

Discuss

Short EURGBP, USDCHF and AUDCAD; Pending GBPJPY, GBPAUD

posted by jirachi 709 days ago in USD, CHF, Daily made popular 709 days ago

Price action over the past 12 hours has been very interesting. Volatility has increased significantly from yesterday and a few stand out currencies posting extraordinary moves. However, through this, there is little consistency in the fundamental

Discuss

Gold hits record high US$1,248

posted by hachibi 709 days ago in USD, Gold made popular 709 days ago

Gold for August delivery, the most active contract, added $18.20, or 1.5%, to settle at $1,248.70 an ounce on the Comex division of the New York Mercantile Exchange. That left the June 8 record close of $1,245.60 as a distant memory.

Discuss

Oil prices drop

posted by jirachi 709 days ago in USD, Oil made popular 709 days ago

Oil prices dropped below $US77 a barrel as investors lost confidence in a three-week rally amid signs of weak crude demand in the US, the world's biggest energy consumer, and a modest, uneven economic recovery.

Discuss

US jobless claims rise, inflation down

posted by shadowf 709 days ago in USD, Inflation, Employment made popular 709 days ago

New claims for jobless aid rose last week while consumer prices notched their largest decline in nearly 1-1/2 years in May, suggesting interest rates will remain ultra low to nurse the fragile economic recovery.

Discuss

Yen Advances for 5th Day as Japan Pledges to Cut Debt Levels

posted by sophia 709 days ago in JPY made popular 709 days ago

The yen gained for a fifth day against the dollar after Japanese Prime Minister Naoto Kan pledged to cut the world’s largest public debt, saying failure to do so may undermine the country’s sovereignty.

Discuss

Asian Market Update – 6/17/10

posted by topequitynews 709 days ago in Technical, Daily made popular 709 days ago

After several days of global risk appetite in the face of fresh turmoil in the EU – namely rumors of Spanish banking system demanding a liquidity oriented €250B credit line – Asian equity markets are finally exhibiting a more cautious tone. Nikke

Discuss

US Market Update – 6/17/10

posted by topequitynews 709 days ago in Technical, Daily made popular 709 days ago

Positive investor sentiment is waning in the wake of sour US economic data. Both initial and continuing weekly jobless claims rose over last week’s figures (which were revised higher), creating even more doubt over the US employment picture, whil

Discuss

Dollar and euro under pressure in Asian trade

posted by erzon 709 days ago in USD, EUR, Trade

The dollar was weaker against the yen in Asian trade yesterday and the euro remained under pressure as risk appetite declined with the focus on Spanish debt ahead of a summit of European Union leaders.

Discuss

Corn Climbs in Chicago as China May Lift Imports;Wheat Gains

posted by provision 709 days ago in USD, Fundamental, Agriculture

Corn futures climbed in Chicago on speculation that China, the second-largest consumer of the grain, may boost imports. Wheat and soybeans gained.

Discuss

Majors rally from optimism as Spain sells bonds

posted by Shari 709 days ago in EUR, Fundamental

The highlight in European markets today was on Spain buying 30.5 billion euros of 10 and 30-year bonds which restored confidence and eased worries regarding the debt crisis in Europe...

Discuss