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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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Consumer prices flat in September

posted by pipsmgee 1318 days ago in USD, Fundamental, Inflation

There's good news on the inflation front, as the Labor Department reported Thursday that U.S. consumer prices were unchanged in September, with energy prices declining and food prices rising.

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Industrial Production Falls By Much More Than Expected In Se

posted by fxmasta 1318 days ago in USD, Fundamental, Manufacturing

Industrial production fell by much more than expected in the month of September, according to a report released by the Federal Reserve on Thursday, with the report also showing a bigger than expected drop in capacity utilization.

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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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Thoughts About Breaking Trading Slumps

posted by lovethefx 1318 days ago in Trading Psychology made popular 1318 days ago

It's never easy going through a trading slump, but it's especially frustrating and difficult when markets are moving and you're missing out on so much seeming opportunity.

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Zero interest rate a possibility

posted by mags23 1318 days ago in AUD made popular 1318 days ago

Australian interest rates are tipped to fall to the lowest level since the aftermath of the September 2001 terror attacks as the central bank worries about a recession.

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Aussie, NZ dollars drop on Global Recession Concern

posted by mags23 1318 days ago in AUD made popular 1318 days ago

The Australian and New Zealand dollars fell the most since Oct. 8, when they plunged to five- year lows versus the greenback, as equities and commodities tumbled on concern the world is sliding into recession.

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UK Jobless total 'will hit 3m': But don't worry says PM

posted by emmypiu 1318 days ago in Employment made popular 1318 days ago

The growing army of the jobless is set to number three million by the time of the next election, economists warned Gordon Brown yesterday.
They predicted levels of unemployment not seen in two decades on the back of the biggest three-month leap

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Retail sales tumble 1.2% in September

posted by pipsmgee 1319 days ago in USD, Fundamental, Retail Sales

U.S. retail sales fell 1.2% in September, the biggest drop in three years and the third decline in a row, a further sign that the economy has sunk into a recession led by an exhausted consumer.

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Euro May Slide to 120 Yen by Year End on Crunch, Citigroup S

posted by maximumpips 1319 days ago in EUR, Fundamental

The euro may drop 13 percent versus the yen as global credit markets will remain depressed even after U.S. and European officials made as much as $3 trillion available to unclog lending, Citigroup Global Markets Inc. said.

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U.K. Jobless Claims Reach Highest in Almost Two Years

posted by sassygirl 1319 days ago in GBP made popular 1319 days ago

U.K. unemployment rose to the highest level in almost two years in September as the prospect of a recession and the global financial crisis prompted a spate of job cuts from banks to construction companies.

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