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US Recession Deepening, How Long Can Dollar Strength Hold Up

posted by Avatar busybee 1266 days ago in USD, Fundamental, Special made popular 1265 days ago

It’s difficult to assign the US dollar a bullish fundamental bias considering the acceleration of the economy’s recession and the fact that American markets are the epicenter to a global financial crisis; but regular economics do not apply in tim read more
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America hit by rising unemployment rate

posted by Avatar busybee 1268 days ago in USD, Employment made popular 1267 days ago

The U.S. Labor Department said that the unemployment rate increased from 6.5% to 6.7% in November with a loss of 533,000 non-farm payrolls, a much larger drop than expected. It is the highest unemployment rate in 15 years and the biggest monthly read more
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USD/CAD - US Dollar Canadian Dollar

posted by Avatar busybee 1268 days ago in USD, CAD, Technical

1,2763. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. read more
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EUR/USD - Euro Dollar

posted by Avatar busybee 1268 days ago in USD, EUR, Technical made popular 1268 days ago

1,2777. EUR USD broke 1,2720 resistance. EUR USD is in a consolidation after the last bullish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). read more
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ECB May Deliver Most Aggressive Rate Cut Yet as Economy Slum

posted by Avatar busybee 1270 days ago in EUR, Fundamental, Inflation made popular 1269 days ago

The European Central Bank may be forced to deliver the most aggressive interest-rate cut in its 10-year history as the economic slump deepens. read more
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Euro Rises Against Majors Following Lower-than-Expected PPI

posted by Avatar busybee 1271 days ago in EUR, Fundamental made popular 1271 days ago

Lower inflationary pressures temporarily boosted the euro against major foreign currencies on Tuesday morning, ahead of Thursday's European Central Bank (ECB)'s meeting. read more
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Germany hesitates on a stimulus plan

posted by Avatar busybee 1273 days ago in EUR, Fundamental made popular 1273 days ago

German Finance Minister Peer Steinbrueck has defended Berlin’s refusal to back a proposed multi-billion-euro economic stimulus plan, dismissing it as “ineffective populist measures”. read more
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Canada to restrain spending, strengthen financial system

posted by Avatar busybee 1276 days ago in CAD made popular 1275 days ago

Canada will take actions to tighten spending, maintain a fiscal balance and reinforce the stability of its financial system to shun off the consequences of the current global economic crisis, Finance Minister Jim Flaherty said Thursday. read more
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Euro Zone Annual M3 Growth Remained Stable at 8.7% in Octobe

posted by Avatar busybee 1276 days ago in EUR, Fundamental made popular 1276 days ago

The M3 money supply growth rate remained stable at 8.7% year-over-year in October, despite expectations of an 8.1% figure, the European Central Bank reported on Thursday. Meanwhile, September's reading was revised up from an initial estimate of 8 read more
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Down, but not out

posted by Avatar busybee 1277 days ago in CAD, Fundamental, Special made popular 1277 days ago

Two quite distinct perspectives on the Canadian economy, one from the OECD, the other from Statistics Canada, are not exactly encouraging, but at least somewhat reassuring. read more