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Government Takes Control of Fannie, Freddie

posted by MarcB 1357 days ago in USD, Fundamental, Housing made popular 1356 days ago

The Government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac, launching what could be its biggest federal bailout ever, in a bid to support the U.S. housing market and ward off more global financial market turb

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Exporters Happy with Falling Aussie Dollar

posted by skushno 1358 days ago in AUD made popular 1356 days ago

"It is a tough time and it's nice to see the dollar falling because I think it's going to give us some advantages."

While delighted, Mr Murray said local exporters were now much better able to cope with a rising currency in contrast to previou

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ECB, BoE expected to leave interest rates steady

posted by warrenbuffet 1361 days ago in EUR, GBP, Inflation made popular 1361 days ago

The European Central Bank and Bank of England will likely leave interest rates unchanged on Thursday as they face mounting inflation and slowing growth.

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Oil Posts Fifth Straight Decline

posted by JayP 1361 days ago in CAD, Oil made popular 1361 days ago

Oil pared much of its daily slide, but still closed lower for a fifth straight session. Light sweet crude for October closed at $109.35, down 36 cents on the session. Oil touched as low as $107.22, more than $40 off its record high of $147.27 set

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Euro Trades Near 7-Month Low Versus Dollar Before ECB Meetin

posted by halfwatertest 1361 days ago in Daily made popular 1361 days ago

The euro traded near the lowest
level against the dollar in more than seven months on
speculation the European Central Bank will signal an economic
slowdown is deepening.

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Fed: Slow growth, still-high prices hit economy

posted by warrenbuffet 1361 days ago in USD, Inflation made popular 1361 days ago

The country is stuck in a slow-growth rut, the Federal Reserve suggested Wednesday.
Higher prices for energy, food and other things are pinching people and businesses -- reasons enough for the economy to be Americans' top concern heading into th

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Chart of the Day - 9/03/2008 - EUR/USD

posted by jameschen 1361 days ago in USD, EUR, Technical made popular 1361 days ago

Price action on EUR/USD (a daily chart of which is shown) has finally hit the long-term uptrend support line that has been in place for at least two and a half years

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'Loonie' Jumps as Bank of Canada Leaves Rates at 3.00%

posted by JayP 1361 days ago in CAD, Fundamental made popular 1361 days ago

The Canadian dollar jumped this morning as the Bank of Canada left rates steady at a nearly 3-year low of 3.00 percent, as expected. However, the more market-moving factor involved with the rate decision was the commentary contained within the G

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Euro Falls Against Dollar on Concern Economy Headed for Slum

posted by fxhottie 1361 days ago in USD, EUR, GBP made popular 1361 days ago

The euro fell to the lowest in more than seven months against the dollar after reports showed business investment, exports and retail sales declined, adding to evidence of an economic slump in the single-currency region.

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Australia Q2 GDP Slows To +0.3% Q/Q

posted by jonnycakes 1361 days ago in AUD, Fundamental, GDP made popular 1361 days ago

The Australian economy expanded by a seasonally adjusted 0.3 percent in the second quarter compared to the previous three months, the Australian Bureau of Statistics said on Wednesday, coming in below analyst expectations.

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Sterling hits fresh lows; bearish UK sentiment persists

posted by gonepippin 1361 days ago in GBP, Fundamental made popular 1361 days ago

Sterling's dismal run showed little sign of letting up on Wednesday as it fell to new lows on continued gloom surrounding the UK economy and as falling oil prices gave a boost to the U.S. dollar.

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Dollar Extends Uptrend On Lower Oil Prices

posted by fxmasta 1361 days ago in USD, Technical made popular 1361 days ago

Wednesday, the US dollar has been extending its uptrend against other major currencies as the crude oil prices dropped more than $1 to below $109 today, deepening this week's sharp fall as traders looked past Hurricane Gustav to focus on a global

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