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Dollar Soars To 2-Year Peak Versus Euro As Recession Talk He

posted by Avatar fxmasta 1312 days ago in USD, EUR, Fundamental made popular 1312 days ago

The dollar skyrocketed versus most other majors overnight before leveling off Wednesday morning, but continued to move lower versus the broadly stronger yen. Traders are selling off higher-yielding currencies on favor of the dollar and yen amid g read more
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BoE October Minutes Show MPC Voted Unanimously To Cut Bank R

posted by Avatar lovethefx 1312 days ago in GBP, Fundamental made popular 1312 days ago

Policymakers stood united in deciding on a rate cut as the UK economy apparently entered recession. The minutes of the Bank of England’s rate setting session released on Wednesday revealed that the members voted unanimously to reduce the bank rat read more
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Euro Hits Rock Bottom: Technicals Say Enough is Enough

posted by Avatar thegearedinvestor 1312 days ago in EUR, Technical, Trading Psychology made popular 1312 days ago

I have been quite surprised lately with the continued weakness of the Euro. Strictly based on fundamentals, the collective countries of Europe appear to be in even worse shape than the United States. With growth slowing at disturbing rates and read more
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Canadian dollar slumps to new multi-year lows against dollar

posted by Avatar Valerie 1312 days ago in USD, JPY, CAD made popular 1312 days ago

During early deals on Wednesday, the Canadian dollar plunged to new multi-year lows against the US dollar and the Japanese yen. Meanwhile, the loonie showed strength against the currencies of Europe and Australia. The Canadian currency climbed to read more
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Dollar drops as investors seek safe haven

posted by Avatar olivia 1312 days ago in USD, AUD made popular 1312 days ago

The Australian dollar was weaker at noon, as demand for the US currency and lower commodity prices dragged the local unit lower. read more
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Dollar Rises Beyond 1.30 Level Against Euro

posted by Avatar xjessicax 1313 days ago in USD, EUR made popular 1313 days ago

Wednesday morning in Asia, the US dollar strengthened beyond the 1.30 level against the euro for the first time since February 2007. The dollar also surged to a fresh 5-year high against the pound and a new multi-month high against the franc. But read more
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Bernanke endorses fiscal stimulus

posted by Avatar pipsmgee 1314 days ago in USD, Fundamental made popular 1314 days ago

Another shot of fiscal stimulus may be needed now to help the U.S. economy recover from what could be a drawn-out slowdown, Ben Bernanke said Monday. read more
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UK economy not expected to recover until 2011

posted by Avatar eriathwen 1314 days ago in GBP made popular 1314 days ago

Britain's economy is not expected to fully recover from the current financial crisis for three years, according to a bleak report on the impact of an impending recession on the country's "real economy." read more
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UK economy to contract for further 12 months

posted by Avatar aranel 1315 days ago in GBP made popular 1314 days ago

The UK economy is expected to contract for three or four quarters, the Ernst and Young Item Club has predicted. read more
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Credit crisis squeezes factories in Philly region

posted by Avatar pipsmgee 1317 days ago in USD, Fundamental, Manufacturing made popular 1312 days ago

Turmoil in the credit markets has spilled over with a vengeance into the factory sector in the Philadelphia region, the Philadelphia Federal Reserve said Thursday. read more
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The Euro Has Significant Problems - And They're Likely to Wo

posted by Avatar trade2win 1317 days ago in EUR, Fundamental, Special made popular 1313 days ago

Sorry for missing out on such first-in-a-lifetime-headlines like "Eurozone Throws €2.3 TRILLION At Banking Debacle and It Will Not Be Enough" or "Politicians Still Not Realizing What Kind Of Financial Tsunami Is Right Ahead Of Us" due to a stubbo read more
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Dollar Declines as U.S. Housing Starts Fall More Than Foreca

posted by Avatar maximumpips 1317 days ago in USD, JPY, Fundamental made popular 1317 days ago

The dollar fell against the yen after a government report showed U.S. housing starts dropped in September more than economists forecast. read more