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Technical Analysis EUR/USD - May 19, 2009

posted by fxcashmonster 1104 days ago in USD, EUR, Technical made popular 1103 days ago

Yesterday Euro/Dollar made an decreasing attempt, reaching a bottom at 1.3578, but further bearish impetus was rejected, and the currency couple rose up to 1.3578, closing the day at 1.3560.

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GBP/USD Technical Analysis

posted by fxcashmonster 1108 days ago in USD, GBP, Technical

The pair edged lower yesterday amid a bout of risk aversion and dovish commentary from the Bank of England. The BoE expects growth to be negative through the year with recovery to be rather sluggish. The downbeat bank pressured the Pound lower as

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ECB set for final rate cut

posted by fxcashmonster 1120 days ago in EUR, Fundamental, Inflation made popular 1119 days ago

The European Central Bank will unveil record low interest rates and other ways to pull eurozone members from their worst recession in six decades at a landmark meeting here this week, analysts say.

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Oil falls 4 pct as flu threatens air travel

posted by fxcashmonster 1125 days ago in USD, Oil made popular 1125 days ago

Oil prices fell 4 percent on Monday on worries a flu outbreak in Mexico could become a pandemic and hurt the global economy and air travel.

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Gulf OPEC OK for now with $50 oil, cite risks

posted by fxcashmonster 1127 days ago in USD, Oil made popular 1127 days ago

Gulf oil producers said on Sunday they can tolerate moderate prices for longer to help revive global growth, but shared a concern with consumer nations that a prolonged period of low prices could cause another fuel price spike.

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Japan to Cut Its GDP Forecast to a 3.3% Drop

posted by fxcashmonster 1130 days ago in JPY, GDP

Japan’s government will cut its gross domestic product forecast for this fiscal year to a 3.3 percent contraction, a Cabinet Office official said.

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GBP Weekly Commentary 04/10/09

posted by fxcashmonster 1138 days ago in GBP, Weekly

The British pound ended the week down 1.4% against the US dollar reversing some of last week's impressive 3.5% surge as risk currencies generally were under downward pressure versus the USD.

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CAD: Jobless rate rises as recession hits home

posted by fxcashmonster 1142 days ago in CAD, Fundamental, Employment

The recession is starting to catch up with the Ottawa-Gatineau job market.

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Consumers resist credit, job loss feared

posted by fxcashmonster 1165 days ago in AUD, Employment made popular 1164 days ago

Consumers are putting off buying new cars and foreign goods, and would rather pay off credit card debt, fearing they might lose their jobs.

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Eurozone rates cut to 1.5%

posted by fxcashmonster 1178 days ago in EUR, Fundamental, Inflation

The European Central Bank today cut interest rates in the 16-strong eurozone to a record low of 1.5% in the face of Europe's worst recession for 50 years.

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Switzerland enters recession

posted by fxcashmonster 1180 days ago in CHF, Fundamental, GDP

Swiss gross domestic product contracted by 0.3% in the final three months of 2008, with a rapid drop in exports and continued weakness in the financial sector nudging the economy into its first recession since 2003, according to government data r

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Australia on brink of recession

posted by fxcashmonster 1181 days ago in USD, AUD, Fundamental made popular 1181 days ago

The latest economic data is expected to confirm an Australian recession, with Treasurer Wayne Swan warning of the impact of the US and Japan's savage downturn.

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