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Gold trading above $900 an ounce as the Dollar weakens

posted by hanazawa 1117 days ago in USD, Gold made popular 1117 days ago

Gold rose further on Tuesday, holding above $900 an ounce as a weaker U.S. dollar and firm oil prices lured investors back into the metal, although an increase in risk appetite and technical barriers could cap gains.

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GBP/USD Technical Analysis

posted by hanazawa 1118 days ago in USD, GBP, Technical made popular 1118 days ago

The pair continues to trend higher as better than expected data out of UK and risk appetite flows support the Pound. Even as UK trading is closed, focus will remain on the Pound as it nears the 1.50 level against the Dollar.

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EUR Weekly Commentary 04/03/09

posted by hanazawa 1146 days ago in EUR, Weekly made popular 1146 days ago

The euro recovered 1.4% against the US dollar this week after last week's 2.1% decline helped by a surprise quarter point cut by the European Central Bank (market expected a half point cut), the broad rally in risk currencies and optimism over th

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US banks on 'sustainable' recovery from recession

posted by hanazawa 1154 days ago in USD, Fundamental

US Treasury Secretary Timothy Geithner said Sunday that any recovery of the world's largest economy from prolonged recession has to be sustainable and not based on an "artificial boom."

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US: Global GDP to fall 0.6% in 2009

posted by hanazawa 1156 days ago in USD, JPY, GDP made popular 1156 days ago

The International Monetary Fund expects the global economy to contract 0.6 percent this year.

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US Dollar firmed up against most majors

posted by hanazawa 1156 days ago in USD, EUR, GDP

The greenback gained ground against the currencies of Europe, Switzerland and Japan on Friday morning in New York. Against the UK's sterling, the dollar was stable during the session.

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UK Economy Contracts At Fastest Pace Since 1980

posted by hanazawa 1156 days ago in GBP, Fundamental, GDP

The UK economy contracted in the fourth quarter at the fastest pace since 1980.

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UK Q4 GDP revised down unexpectedly to -1.6 pct qq

posted by hanazawa 1156 days ago in GBP, GDP

Britain's economy slowed even more sharply than expected in the last three months of 2008 as construction output plunged, official data showed on Friday.

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Ferro alloys' exports to fall 25 per cent

posted by hanazawa 1157 days ago in Metals made popular 1157 days ago

The production and exports of ferro alloys, the major ingredients of raw materials for steel making, are likely to decline by 25 per cent this year on poor demand from global consumer industries, according to experts.

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Gold steadies, ETF dips from record

posted by hanazawa 1160 days ago in USD, Gold made popular 1160 days ago

Gold steadied on Tuesday as a dip in the U.S. dollar led investors to buy back the precious metal, which fell more than 1 percent the previous day on a stock market rally.

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Recession has consumers limiting spending

posted by hanazawa 1164 days ago in USD, Fundamental made popular 1164 days ago

U.S. consumers are limiting their spending amid the ongoing recession and aren't likely to change such habits anytime soon, an expert says.

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USD gains after Europe, U.K. cut rates

posted by hanazawa 1178 days ago in USD, EUR, GBP

The euro and British pound both fell against the U.S. dollar Thursday after the Bank of England and the European Central Bank each cut interest rates to record lows.

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