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Dollar drops as investors seek safe haven

posted by 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.

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Dollar Rises Beyond 1.30 Level Against Euro

posted by 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

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The Credit Crunch Is the Solution, Not the Problem

posted by trade2win 1314 days ago in USD, Fundamental, Special made popular 1314 days ago

Since roughly October 2007, the world’s financial institutions have trembled, credit markets have seized, and as the government bailouts arrive, a consensus view has developed that the root cause of our recent misery is the greed of over-levered,

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Canada's Dollar Falls on Securities, Wholesale Sales Reports

posted by maximumpips 1314 days ago in CAD, Fundamental made popular 1314 days ago

Canada's currency weakened after wholesale sales in August fell for the first time since February and foreigners decreased their holdings of Canadian securities for a second month.

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Bernanke endorses fiscal stimulus

posted by 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.

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UK economy not expected to recover until 2011

posted by 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."

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UK economy to contract for further 12 months

posted by 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.

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The Euro Has Significant Problems - And They're Likely to Wo

posted by 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

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Dollar Declines as U.S. Housing Starts Fall More Than Foreca

posted by 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.

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ECB’s Gonzalez-Paramo Says Financial Market Crisis Enhances

posted by lovethefx 1317 days ago in EUR, Fundamental made popular 1317 days ago

The recent intensification of the financial market crisis has affected the outlook for economic growth and price stability in the euro area, the Executive Board member of the European Central Bank, Josï¿½ Manuel Gonzalez-Paramo said in a speech l

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Japan’s Nikkei Index Tanks by Over 10%

posted by czarinacleopatra 1317 days ago in JPY made popular 1317 days ago

Japan’s most important stock index the Nikkei tanked by more than 10% at one point in early Thursday trading driven by tottering US stock markets and recession fears across the globe.

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This Recession Will Be Anything but Deep

posted by trade2win 1318 days ago in USD, Fundamental

News came out yesterday that Bernanke thinks there'll be a recession. And it's supported by retail sales numbers. The market had a heart attack from not being surprised.

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