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Germany and UK Follow G-20 by Pushing Spending Cuts

posted by FXTimes 719 days ago in EUR, GBP, Fundamental made popular 719 days ago

Today, German Chancellor Angela Merkel’s Cabinet will meet to hammer out a plan to cut government spending. The budget cuts will shape government policy for years and will try to cut €10 billion ($12 billion) of government spending per year. Davi

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Gold Surges Higher; $1,250 High in Focus

posted by ForexPlaybook 719 days ago in USD, Fundamental, Gold made popular 719 days ago

Gold is surging in trading today, with contracts for August delivery last priced at $1,238.50 per ounce.

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GBPUSD: Above 1.4257/26 Keeps Risk To The Upside.

posted by FXTechstrategy 719 days ago in USD, GBP, Technical made popular 719 days ago

GBPUSD: After a marginal weekly close following a loss of upside momentum at 1.4768, the pair has started the week on a bullish note reversing strongly higher off the 1.4386 level today

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Crude Oil Breaches $70 Handle; Recovers Slightly

posted by ForexPlaybook 719 days ago in USD, Fundamental, Oil made popular 719 days ago

Alongside an ever diminishing appetite for riskier assets, crude oil prices remain under significant pressure in trading today.

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US Market Update – 6/7/10

posted by topequitynews 719 days ago in Technical, Daily

US equities opened little changed from Friday’s close and vacillated in the first hour of trade before turning decisively lower before 11ET. Risk aversion is once again the order of the day as the an absence of any US economic data or corporate e

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The Koala System Forex Review 31 May - 1 Jun 10

posted by thegeekknows 719 days ago in USD, EUR, Weekly made popular 719 days ago

Get that extra edge!

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Video: German Factory Orders Help Euro Climb from 4-Year Low

posted by FXTimes 719 days ago in EUR, Fundamental, Manufacturing made popular 719 days ago

German factory orders surprised forecasts, posting a strong reading for the month of April. Orders rose 2.8% on the month when forecasts had orders declining 0.4%. The positive fundamental data was able to stem the decline in the EUR/USD after it

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House prices fall

posted by mateo 719 days ago in GBP, Yearly, Housing made popular 719 days ago

House prices in May were 6.9% higher on an annual basis according to latest data from the Halifax. This was the largest increase in the annual rate of change – measured by the average for the latest three months against the same period a year ear

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Euro Ministers Fix Terms For Emergency Loan Pact

posted by erzon 719 days ago in EUR made popular 719 days ago

Euro-zone finance ministers were on Monday fixing terms of access to 440 billion euros in emergency government loans and negotiating new rules for cross-border governance anchored in tough penalties.

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Asian Market Update – 6/7/10

posted by topequitynews 719 days ago in Technical, Daily made popular 719 days ago

- Asian equity markets are deep in the red as perceptions of a US-recovery backstop counterbalancing the slowdown in China and fiscal crisis in Europe were undone by the disappointing Friday jobs report. Nikkei225 is leading the collapse with a 3

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EU Morning Report – Non Farm payrolls disappoint the markets

posted by topequitynews 719 days ago in Technical, Daily made popular 719 days ago

Markets on Friday had another down day due to the very disappointing Non Farm Payrolls report. The number was expected to show that the US created 523K jobs for the month of may, however the report only indicated that the US created just over 400

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Yen Slumps on Political Uncertainty

posted by jonell 724 days ago in JPY made popular 724 days ago

With the yen falling on Japan's political uncertainity, Rob Rennie, currency strategist at Westpac Bank, speaks to CNBC's Karen Tso and Martin Soong about his outlook for the currency.

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