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Economic Recovery May Be Long Drawn Out Process

posted by MarcB 1315 days ago in USD, Sentiment, Daily made popular 1314 days ago

Markets are exhibiting extreme volatility, as traders remain uncertain about how macroeconomic conditions will pan out. The Federal Reserve and governmental actions instead of calming the markets served to aggravate fears of a looming recession.

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Yen Falls Against Higher-Yielding Currencies on Bank Rescues

posted by MarcB 1315 days ago in USD, JPY, Daily made popular 1314 days ago

The yen fell as state-backed bank rescue plans in the U.S., Europe and South Korea helped alleviate a global credit crisis, encouraging investment in higher-yielding currencies.

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Canada's Currency Weakens After Stock-Index Futures Decline

posted by MarcB 1317 days ago in USD, CAD, Daily made popular 1307 days ago

Canada's currency weakened after U.S. stock-index futures declined and Toronto's stock exchange fell yesterday, raising speculation an economic slowdown will reduce demand for the nation's commodity exports.

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Betting on the Greenback

posted by MarcB 1317 days ago in USD, Sentiment, Daily made popular 1313 days ago

The U.S. dollar has found favor as a safe haven destination once again while market players become risk averse in the current volatility.

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Warren Buffett's Reassuring Words On the Future

posted by MarcB 1321 days ago in USD, Daily made popular 1321 days ago

As the stock market's wild moves downward have average Americans worried about their financial futures and looking for leadership, it's important to keep Warren Buffett's reassuring words about the long-run in mind.

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Yen to Rise to 95 on Carry-Trade Unwind

posted by MarcB 1321 days ago in JPY, Sentiment, Daily made popular 1321 days ago

The yen may extend gains against the U.S. dollar as Japanese investors start selling some of their more than $1.3 trillion in overseas assets to bring money home because of a global slump in equities, JPMorgan Chase & Co. said.

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Dollar Gains On Most Majors But Falls Further Versus Yen

posted by MarcB 1324 days ago in USD, EUR, JPY

The dollar was steady near long-term highs versus most other major currencies Friday morning in New York, but extended its losses against the broadly stronger yen as futures on Wall Street indicated yet another dismal session for equities.

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`Independent' ECB Cuts May Lift Euro Against Dollar

posted by MarcB 1325 days ago in USD, EUR, Daily

The euro will benefit against the dollar should the European Central Bank lower overnight borrowing costs on its own after joining a coordinated easing by central banks around the world, Citigroup Global Markets Inc. analysts wrote today in a not

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Global Markets Fall Again As Credit Remains Frozen

posted by MarcB 1325 days ago in USD, Fundamental, Daily made popular 1325 days ago

After a tentative rebound, global stock markets turned lower as a coordinated rate cut by major central banks failed to unlock frozen credit markets, putting pressure on officials to take further

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Yen Tumbles as Global Interest-Rate Cuts Revive Risk Appetit

posted by MarcB 1325 days ago in USD, EUR, JPY made popular 1325 days ago

The yen fell the most in three weeks against the euro as a flurry of central bank interest-rate cuts helped revive investors demand for higher-yielding assets funded in Japan.

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UK Govt. Announces Financial Support to Banking Industry

posted by MarcB 1326 days ago in GBP, Fundamental, Daily made popular 1326 days ago

Wednesday, UK Government announced that it is bringing forward specific and comprehensive measures to ensure financial stability and to safeguard ordinary savers, depositors, businesses and borrowers.

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Australia drops interest rates as Asia seeks shelter

posted by MarcB 1327 days ago in JPY, AUD, Fundamental made popular 1327 days ago

Australia and Japan sought Tuesday to shield their economies from the fallout of the global financial crisis, with the Australian central bank sharply reducing interest rates and the Bank of Japan signaling a more cautious outlook and a willingne

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