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Currency News - Monday, 18 May 2009

posted by Tottie 1104 days ago in Fundamental, Daily

The USD has experienced a positive day of trading during the today’s early morning hours. Closing last Friday slightly up versus the majority of its currency pairs and crosses, the USD continued this bullishness and appears poised to maintain its

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The Australian dollar opens higher on Wall St gains

posted by Tottie 1108 days ago in AUD

The Australian dollar has opened higher, as investor appetite for risk climbed as Wall Street made gains.

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U.S. foreclosures at record rate in April

posted by Tottie 1108 days ago in USD, Housing

U.S. foreclosure filings in April rose to a record, affecting one in every 374 housing units, and bank repossessions in particular may spike in the next few months, RealtyTrac reported.

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US budget deficit balloons to $US1.8t

posted by Tottie 1111 days ago in USD, Trade made popular 1111 days ago

The White House on Monday raised its forecast for this year's US budget deficit by $US89 billion ($117 billion) due to the recession, millions of new unemployment claims and corporate bailouts.

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German March Industrial Output Remains Flat

posted by Tottie 1114 days ago in EUR, Manufacturing made popular 1114 days ago

Germany's industrial production remained flat on a monthly basis in March compared to a revised 3.4% decline in February, the Federal Ministry of Economics and Technology said Friday. Economists had expected a decline of 1.3%.

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Forex Daily Market Commentary - May 8, 2009

posted by Tottie 1115 days ago in Technical, Daily

EUR/USD closed higher on Thursday as it extended the rally off April's low. The mid-range close sets the stage for a steady opening on Friday. Stocha

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Reserve Bank slashes economic growth forecasts

posted by Tottie 1115 days ago in AUD, Fundamental

The Reserve Bank of Australia indicated today the country's $1 trillion economy will soon be confirmed in its first recession in nearly 20 years as activity contracts sharply in 2009 in line with the worst global economic conditions in 60 years.

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Bank of England to pump another £50bn

posted by Tottie 1115 days ago in GBP, GDP

The Bank of England has pledged to pump another £50bn into the economy as it steps up efforts to haul the UK from its worst recession in at least two decades.

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Canadian GDP Falls in Line With Expectations

posted by Tottie 1122 days ago in CAD, GDP made popular 1122 days ago

Canada's economy contracted in line with expectations in February, with real gross domestic product (GDP) down 0.1% from January, Statistics Canada reported Thursday.

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Gold futures gain as greenback falls on US GDP plunge

posted by Tottie 1123 days ago in Gold

Gold prices rose for the first time in three days as the US economy’s slump drove the dollar lower, enhancing the appeal of the precious metal as an alternative investment. Silver also gained.

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Platinum and palladium markets find their own stimulus

posted by Tottie 1135 days ago in Metals made popular 1135 days ago

The platinum and palladium markets have found their own stimulus plan -- in the form of the potential launch of the first U.S. exchange-traded funds physically backed by the precious metals.

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Dollar higher against euro, yen

posted by Tottie 1159 days ago in USD, EUR, JPY made popular 1159 days ago

The dollar extended gains on its Japanese and European counterparts Tuesday but slipped against the pound, which was pushed up by an unexpected rise in U.K. inflationary pressures.

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