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Dollar stalls as investors debate US economic data

posted by gonepippin 1482 days ago in USD, Fundamental, Daily made popular 1482 days ago

The dollar eased on Monday, failing to build on gains made last week on U.S. jobs data that was not as weak as expected, as investors debated the strength of the U.S. economy and the outlook for interest rates.

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Finding Success in Trading

posted by lovethefx 1482 days ago in Trading Psychology made popular 1482 days ago

Success is possible in trading, but it requires learning and development. Role-modeling from experienced traders and continuous work on one's craft are vital elements in that success. It takes some searching, but there *are* role models on the We

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Forex Trader Top 3: Euro Bounce, Oil Looking Higher and Auss

posted by fxtrader 1482 days ago in Technical, Fundamental, Daily made popular 1482 days ago

1. Overnight, the euro began staging a technical rebound after falling over 500 PIPs from the high of 1.6018 two weeks ago.

2. Leaving the fundamental picture out for a moment, on a technical basis, crude will likely re-test highs during the w

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A weekly outlook for New Zealand, Australia, and US Markets

posted by maximumpips 1486 days ago in NZD, Fundamental, Weekly made popular 1485 days ago

As expected, the OCR was left on
hold, with the tone of the commentary suggesting rate cuts are likely to occur earlier than end-2009 as forecast by the RBNZ back in March. Other data out suggested weak retail turnover in March, and that migrati

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U.S. dollar firms on optimism that the worst may be over

posted by maximumpips 1486 days ago in USD, Fundamental, Daily made popular 1486 days ago

The U.S. dollar continued to gain on increasing optimism that the worst of the credit crisis is now over. Last night, the Federal Reserve cut interest rates by 25 basis points, marking a departure from the aggressive monetary easing of recent mon

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Forex Trader Top 3: Euro Plunge, Smoked Pound and Propped Do

posted by fxtrader 1486 days ago in Fundamental, Daily made popular 1486 days ago

A breakdown of a few fundamental reports that are affecting the currencies right now.

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Mobius Sees Fed Rates at 1%, Dollar Is `Bombed Out'

posted by PrettyUgly 1486 days ago in USD, Special made popular 1486 days ago

The Federal Reserve may cut interest rates to 1 percent as U.S. housing foreclosures worsen, said Mark Mobius, who oversees $47 billion in emerging-market equities at Templeton Asset Management Ltd.

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Four mega-dangers international financial markets face

posted by AlbertPipstein 1486 days ago in Fundamental, Special made popular 1485 days ago

The financial turmoil has been worsening as lagged adjustment processes play out. This column outlines economic dangers that may arise as they unwind, including a scenario in which the United States suffers extended stagflation.

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Demographics Of Jobless Claims

posted by warrenbuffet 1486 days ago in USD, Employment made popular 1485 days ago

The Labor Department reported Thursday that claims for unemployment benefits rose by 35,000 to 380,000. Private economists had expected claims would rise by a smaller 18,000.

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Gold slides to 3-month low on dollar rise

posted by maximumpips 1488 days ago in USD, Gold made popular 1488 days ago

Gold ended sharply lower after hitting a three-month bottom on Tuesday on the back of a firmer dollar, declining oil prices and weak sentiment ahead of an interest rate decision by the Federal Reserve.

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CIBC Overnight Roundup

posted by maximumpips 1488 days ago in Technical, Fundamental, Daily made popular 1488 days ago

Overnight commentary on the Americas, Eurozone, and Asian Currencies.- April 29th, 2008

2 Comments