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French Housing Starts Fall Below Expectations in Three Month
French housing starts surprised to the downside, falling 16.0% in the three months to December compared to the same period one year ago to 87,596, the National Institute for Statistics and Economic Studies (INSEE) reported on Tuesday.
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JPY Commentary for the week of 01/23/2009
A rebound in risk aversion on concerns over the health of the global banking system and economy sent the Japanese yen higher in the week posting a 1.8% increase versus the USD and a 4.5% gain versus the euro.
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AUD Commentary for the week of 01/23/2009
Elevated risk aversion sent the Australian dollar down 2.6% versus the US dollar making for a 7% decline in the last two weeks.
17 votes
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Gold, platinum rise on brisk buying
Precious metals including gold and platinum advanced in early Asian trade Friday as investors sought a store of value amid tumbling equity markets.
16 votes
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British Gas to cut household bills by 10%
British Gas has slashed gas bills for 7.5 million customers in a move campaigners said would put pressure on rival energy suppliers to follow suit.
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UK recession to become official today
National output data today is expected to confirm the UK is officially in recession.
28 votes
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Base Metals lost 65% of their value in one year
Base metals once used to be the hottest commodities as the world was witnessing a construction, retail and information technology boom in the last few years. But in the last one year, base metals like nickel, copper, aluminium and zinc have been
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Forex Investorz await Obama’s signals on China’s yuan!
President Barack Obama trumpeted his message of change all the way to the White House, but when it comes to the U.S. tone on China and its yuan, economists say that message might not apply. U.S. manufacturers have long claimed that the Chinese cu


