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Canada's Economy Shrank in October on Wholesaling and Factor

posted by keiragabe 1249 days ago in CAD, Fundamental

Canada's economy contracted a less-than- anticipated 0.1 percent in October as wholesalers processed fewer shipments of automobiles and factory production dropped.

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Canadian economy shrinks 0.1 per cent in Oct

posted by keiragabe 1249 days ago in CAD, Fundamental

The Canadian economy shrank in October, with wholesale trade, manufacturing and real estate the biggest drags on growth.

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Canadian economy declines in Oct.

posted by keiragabe 1249 days ago in CAD, Fundamental

Canada's economy contracted by 0.1 per cent in October after increasing 0.1 per cent the previous month, Statistics Canada reported Wednesday.

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Sterling & Euro

posted by rangesnet 1249 days ago in GBP, Daily made popular 1246 days ago

The British Pound has decreased in value so hard in 2008 that parity with the Euro is pretty realistic. The problem is that the UK economy now closely mirrors that of the US, minus the famous perceived “safe haven” aspects that the US enjoys.

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AUD Slips To 5-day Low Against Greenback And Euro

posted by post-it 1250 days ago in USD, EUR, JPY

Wednesday morning in Asia, the Australian dollar edged down against the currencies of US, Japan and Europe. The aussie thus dipped to a 2-day low against the yen and a 5-day low against the greenback and the euro. On the other hand, the aussie sh

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Japan approves 'unprecedented' recession budget

posted by stephenie 1250 days ago in JPY, Fundamental, GDP

Japan's government Wednesday approved a record high budget, vowing to take "unprecedented" action to weather a painful recession which it expected would only get worse in the new year.

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Polish Central Bank Cuts Key Interest Rate to 5%

posted by xjessicax 1250 days ago in EUR, Fundamental, Inflation made popular 1249 days ago

Poland’s central bank reduced the benchmark interest rate by three-quarters of a percentage point, more than forecast and the biggest cut in almost seven years, to cushion the impact of an economic slowdown.

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Chart of the Day - 12/23/2008 - USD/CHF

posted by jameschen 1250 days ago in USD, CHF, Technical made popular 1249 days ago

After plummeting more than 1800 pips since early December, price action on the USD/CHF (a daily chart of which is shown) corrected to the 38.2% Fibonacci retracement level, and then has dropped back down substantially within the past couple of da

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Pick of the Day: EUR/USD

posted by MarcB 1257 days ago in USD, EUR, Technical made popular 1257 days ago

I took a hit last time I tried to short EUR/USD, so why not try it again? After the beating the US Dollar has taken on the anticipation to today's FOMC rate cut, I think it's time for me to buy back some Greenback.

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Pick of the Day: USD/JPY

posted by MarcB 1279 days ago in USD, JPY, Technical made popular 1279 days ago

Looks like we only have time for maybe one trade this week as we approach "Turkey Day" here in the US and USD/JPY may be a winner. Quite a few technical setups going on indicating we may see a reversal back to the downtrend. Let's take a look.

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Pick of the Day: USD/JPY

posted by MarcB 1285 days ago in USD, JPY, Technical made popular 1283 days ago

Technical short idea on USD/JPY

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Pick of the Day: EUR/USD

posted by odell 1293 days ago in USD, EUR, Technical made popular 1292 days ago

Slowing global growth is still the main focus of the markets and it looks there is a technical play forming on EUR/USD to go along with that sentiment as we speak. More losses for the Euro this week?

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