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$1 trillion rescue: Not so far-fetched

posted by odell 1267 days ago in USD, Fundamental, Special

President-elect Barack Obama hasn't put a dollar figure yet on his promise to create an economic recovery package that he says will generate or save 2.5 million jobs over two years.

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US job picture could get even worse

posted by odell 1267 days ago in USD, Special, Employment made popular 1267 days ago

Unemployment likely to accelerate in December and into 2009 as economic outlook worsens amid a deep recession.

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Bank of England: Inflation to fall below 2 pct.

posted by odell 1291 days ago in GBP, Fundamental, Inflation made popular 1291 days ago

The Bank of England warned Wednesday that it expects inflation to fall below the government's target of 2 percent next year as the economy contracts further, stoking expectations that the Bank will lower its benchmark interest rate -- possibly to

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Pick of the Day: EUR/USD

posted by odell 1293 days ago in USD, EUR, Technical made popular 1292 days ago

Slowing global growth is still the main focus of the markets and it looks there is a technical play forming on EUR/USD to go along with that sentiment as we speak. More losses for the Euro this week?

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Agency Predicts a Return of Triple-Digit Oil Prices

posted by odell 1297 days ago in USD, Special, Oil made popular 1296 days ago

The global economic slump that has curbed energy demand and pushed oil prices down in recent months may provide only a short-lived respite for consumers, according to the world’s top energy forecaster.

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Worker Productivity Slowed as Consumer Spending Fell

posted by odell 1297 days ago in USD, Fundamental, Consumer made popular 1296 days ago

The efficiency of American workers slowed sharply in the summer as a huge pullback by consumers threw the national economy into reverse.

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European Banks Reduce Rates, Some Sharply

posted by odell 1297 days ago in EUR, GBP, CHF made popular 1296 days ago

The top three European central banks cut interest rates Thursday in the face of increasingly dire evidence that much of Europe was moving into a serious recession.

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Retailers Report a Sales Collapse

posted by odell 1297 days ago in USD, Retail Sales, Consumer made popular 1296 days ago

Sales at the US’s largest retailers fell off a cliff in October, casting fresh doubt on the survival of some chains and signaling that this will probably be the weakest Christmas shopping season in decades.

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Pick of the Day: USD/JPY

posted by odell 1301 days ago in USD, JPY, Technical made popular 1301 days ago

After a bit of correction, it looks like USD/JPY is giving a possible short opportunity right out of the gates. Let's take a look shall we....

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Financial Markets Summary For The Week of November 3-7 2008

posted by odell 1303 days ago in USD, Fundamental, Weekly made popular 1303 days ago

The first week of November will see another heavy week of data releases on the calendar that will feature the first significant look at the data from the real economy in October, when the credit markets seized up. The primary market-moving event

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Bank of Japan cuts key interest rate

posted by odell 1303 days ago in JPY, Fundamental, Inflation made popular 1303 days ago

The Bank of Japan voted Friday to cut its key interest rate for the first time in more than seven years, finally joining central banks around the world in trimming borrowing costs to cushion the impact of the global financial crisis.

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Sell AUD/USD

posted by odell 1304 days ago in USD, AUD, Technical made popular 1303 days ago

Greetings! I have a simple play in mind today for the Aussie as the bulls and bears seem to be battling it out at a falling trendline. Time to swing lower?

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