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GBP/USD - After the Dust Settles

posted by Avatar jameschen 1331 days ago in USD, GBP, Technical

As seen on the accompanying GBP/USD daily chart, the dust is settling after the Non-Farm Payrolls report on Friday morning, and this pair seems to be reaching somewhat of a plateau right above strong support (in the 1.7450-1.7500 region) read more
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Employment Falls By More Than Expected in September

posted by Avatar 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. read more
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Dollar's Recent Strength has Little to Do With U.S. Economy

posted by Avatar 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. read more
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Buffett on the Credit Crisis: 'An Economic Pearl Harbor'

posted by Avatar 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 read more
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Chart of the Day - 9/30/2008 - GBP/USD

posted by Avatar jameschen 1334 days ago in USD, GBP, Technical made popular 1330 days ago

Price action on the key GBP/USD pair (a daily chart of which is shown) has been in strong bearish mode since the beginning of the week as the dollar has strengthened across the board read more
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Yen Falls as Lehman Speculation Boosts Demand for Higher Yie

posted by Avatar odell 1355 days ago in USD, JPY made popular 1355 days ago

The yen weakened on speculation Lehman Brothers Holdings Inc. will survive a credit-market slump, prompting investors to increase holdings of higher- yielding assets funded in the Japanese currency. read more
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Oil Rises After OPEC President Calls for End to Overproducti

posted by Avatar odell 1355 days ago in USD, Oil made popular 1355 days ago

Crude oil jumped in New York as OPEC President Chakib Khelil called on members to stop producing more than the group's set quota, a move that would reduce supplies by 520,000 barrels a day. read more
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Japan annual wholesale inflation near 27-yr high

posted by Avatar odell 1355 days ago in JPY, Inflation made popular 1355 days ago

August, matching expectations and reinforcing views that high raw material costs are hurting companies as the nation heads into a recession. read more
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China inflation drops, trade surplus hits record

posted by Avatar odell 1355 days ago in JPY, Trade made popular 1355 days ago

China's consumer inflation fell in August to a 14-month low of 4.9 percent, giving policy makers more room to pump up the world's fourth-largest economy if growth slows abruptly in coming months. read more
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GFT Daily Market Commentary

posted by Avatar wiredprg 1355 days ago in Daily made popular 1355 days ago

Forex Market Commentary for September 10, 2008 by Cornelius LucaGFT Daily Market Commentary Despite the massive sell-off in the US equity indices, oil & co. and carry trades, the European currencies ended little changed on Tues... read more
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Buffett: Treasury 'Did Exactly the Right Thing'

posted by Avatar fxhottie 1356 days ago in USD, Housing made popular 1356 days ago

In stepping in to bail out and recapitalize collapsing home mortgage giants Fannie Mae and Freddie Mac, Treasury Secretary Hank Paulson "did exactly the right thing," said billionaire investor Warren Buffett. read more
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Bank of New York Reduces U.K. Pound Forecast on Rates

posted by Avatar JayP 1356 days ago in GBP, GDP made popular 1356 days ago

The pound will trade at $1.70 by the end of 2008, about 3.8 percent lower than current levels, as the slumping U.K. economy prompts the Bank of England to cut interest rates, according to Simon Derrick at Bank of New York Mellon Corp. read more