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Employment Falls By More Than Expected in September

posted by MarcB 1331 days ago in USD, Fundamental, Employment made popular 1329 days ago

Employment fell by more than expected in the month of September, according to a report released by the Department of Labor on Friday, although the unemployment rate remained unchanged compared to the previous month.

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Dollar's Recent Strength has Little to Do With U.S. Economy

posted by fxhottie 1331 days ago in USD, Fundamental, Daily made popular 1330 days ago

Financial institutions have tightened their grip on their purse strings, and their level of caution in dealing with other banks and financial firms have risen sharply since the collapse of Lehman Brothers.

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Buffett on the Credit Crisis: 'An Economic Pearl Harbor'

posted by fxhottie 1331 days ago in USD made popular 1330 days ago

Skeptics will claim he is talking his own book, with the recent GS and GE investments. But I think he knows what he is talking about. Buffet says that if he could take a 1 percent stake in the bailout (investing $7 billion), he would. He thinks t

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France slips into recession: official forecast

posted by nancypants 1331 days ago in EUR, Fundamental made popular 1331 days ago

French leaders scrambled to reassure consumers, voters and investors Friday, after the official statistics agency warned that the eurozone's second largest economy had slipped into recession.

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ECB opens door to rate cut as Trichet heads to crisis talks

posted by nancypants 1331 days ago in EUR, Fundamental, Daily made popular 1331 days ago

The European Central Bank has opened the door to a rate cut in the coming months as its president Jean-Claude Trichet prepares for high-level financial talks in Paris on Saturday, analysts said.

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Australia Dollar Set for Worst Week Since 1985

posted by JayP 1331 days ago in AUD, NZD, Daily made popular 1331 days ago

The Australian dollar fell by the most this week since 1985 against the U.S. currency as investors cut holdings of higher-yielding assets on speculation the global economy won't avoid a recession.

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Spain's Industrial Output Declines For Fourth Straight Month

posted by JayP 1331 days ago in EUR, Fundamental, Manufacturing made popular 1331 days ago

Friday, Spain's industrial production declined at a faster rate in August, strengthening the likelihood of a recession in the economy.

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How Ireland Will Destroy the Euro

posted by MarcB 1331 days ago in EUR, Fundamental, Daily made popular 1331 days ago

Ireland's decision to guarantee all bank deposits will contribute to the demise of the single European currency, because it will erode the euro's credibility if it's allowed to go ahead, Hugh Hendry, chief investment officer and Partner at Eclect

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Dollar Falls Versus Euro as Traders Increase Bets on Fed Cut

posted by MarcB 1339 days ago in USD, EUR, Fundamental made popular 1339 days ago

The dollar fell against the euro for the first time in three days after traders increased bets the Federal Reserve will cut borrowing costs as banks' reluctance to lend threatened to slow economic growth further.

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Buy Euro as Dollar May Decline Toward $1.53, Citigroup Says

posted by pippinallnite 1340 days ago in USD, EUR, Fundamental made popular 1339 days ago

Investors should buy the euro against the dollar as weakness in the world's largest economy and a slow adjustment of its housing sector will push the greenback lower, according to Citigroup Global Markets Inc.

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5 Ways to Diversify Away from the Dollar

posted by trade2win 1340 days ago in USD, Special made popular 1339 days ago

Fortunately today, we have some great investment options available to us that were not around even a few years ago. Here are five easy ways you can diversify out of the dollar:

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Bernanke: Grave threat demands plan's passage

posted by pipsmgee 1340 days ago in USD, Fundamental made popular 1339 days ago

It is imperative that Congress pass the administration plan put forth by Treasury Secretary Henry Paulson to buy up to $700 billion in toxic debt because of the grave threat faced by a severe credit crunch, Federal Reserve Chairman Ben Bernanke s

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