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US Recovery Is Far Off, Banks Are 'Basically Insolvent'

posted by Gimmy 1146 days ago in USD, Fundamental made popular 1146 days ago

The U.S. economy is in for "a lasting slowdown" and won't recover this year, while "the banking system as a whole is basically insolvent," billionaire investor George Soros told Reuters Financial Television Monday.

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Unemployment numbers accelerate

posted by Gimmy 1149 days ago in USD, Employment

The U.S. economy lost another 663,000 jobs in March, sending the unemployment rate to 8.5% and signaling fresh woes for the economy.

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NZ IRS inch higher, dlr borrowing costs fall

posted by Gimmy 1151 days ago in NZD, Inflation

Paying pressure re-emerged in New Zealand's interest-rate swaps market as lower yields attracted mortgage players who anticipate more fixed rate refinancing during the year.

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UN predicts modest Australian growth

posted by Gimmy 1157 days ago in AUD

Australia will have modest positive economic growth in 2009, according to a key United Nations economic survey of Asia and the Pacific.

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French Consumer Spending Falls Quicker Than Expected

posted by Gimmy 1159 days ago in EUR, Consumer

French consumer spending declined more than expected in February, while business confidence remained at a record low level in March, official reports showed Tuesday.

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Silver Market Commentary - 2009.03.23

posted by Gimmy 1160 days ago in Daily, Metals

While the Dollar is lower, equity prices are higher and even energy prices are firmer, and they don’t seem to be favoring the bull camp in the gold market.

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EUR/AUD - Euro Australian Dollar for March 17, 2008

posted by Gimmy 1167 days ago in EUR, AUD, Technical

1,9678. There is an horizontal range between 1,9620 and 1,9715. Support and resistance are given by Bollinger bands. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger band

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Market Commentary - 9th March 2009

posted by Gimmy 1174 days ago in Fundamental, Daily

Risk aversion is to the fore once again as the week's trading gets underway, supporting the dollar and to a lesser extent the yen.

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Rate cuts spur first-home buyers

posted by Gimmy 1175 days ago in AUD, Inflation made popular 1175 days ago

Three-quarters of first-home buyers are planning to buy a house as lower interest rates and cheaper dwellings make their dream more affordable, a survey says.

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Euro auto output to fall 25% in 2009

posted by Gimmy 1176 days ago in EUR, Manufacturing

European auto output will fall 25 per cent this year as the industry struggles in the global economic crisis, the European Automobile Manufacturers Association (ACEA) said Wednesday.

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Japan Companies Cut Spending 18.1%, Most in Decade

posted by Gimmy 1178 days ago in JPY, Fundamental

Japanese companies cut spending last quarter at the fastest pace in a decade as exports crashed and earnings at manufacturers from Toyota Motor Corp. to Sharp Corp. evaporated.

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Dollar slips as stocks rise, RBA lifts Aussie

posted by Gimmy 1181 days ago in USD, AUD

The dollar weakened on Tuesday as equity markets recovered some of the previous day's hefty losses and as traders bought the euro and other higher-yielding currencies after the Reserve Bank of Australia unexpectedly left interest rates on hold.

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