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U.S. Housing Slump Losses May Triple

posted by odell 1399 days ago in USD, Fundamental, Housing made popular 1398 days ago

Losses from the U.S. housing slump may more than triple from current levels, said John Stewart, chief executive officer of National Australia Bank Ltd., which July 25 boosted credit provisions more than fivefold.

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Housing Bill Won't 'Perform Miracles'

posted by odell 1399 days ago in USD, Fundamental, Housing made popular 1398 days ago

Even as a huge bipartisan majority in the Senate voted yesterday to send a sprawling housing bill to the White House, economists, consumer advocates and other analysts said the package of programs for struggling homeowners and shaken mortgage len

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Drivers unlikely to see gas prices fall back to old levels

posted by odell 1399 days ago in USD, Special, Oil made popular 1399 days ago

In a series of articles starting today, The Washington Post examines the economic forces that have unhinged oil prices from their longtime cyclical patterns, propelling fuel costs to once unimaginable levels that are now both fraying the lifestyl

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The FX Race to the Bottom

posted by fxhottie 1399 days ago in EUR, GBP, NZD made popular 1398 days ago

Thursday's currency trading looked like a contest of which currency has the worst economic fundamentals, as the euro, sterling and kiwi were all falling against the US dollar and the Japanese yen due to fresh evidence of deteriorating economic da

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Massive Debt Fueling What Looks Like a Long Recession

posted by supertrader 1415 days ago in USD, Fundamental, Daily made popular 1414 days ago

This week's problems at Fannie Mae and Freddie Mac are more evidence of a painful fact for the economy: the extent to which mortgage-related debt is exacerbating the current slide, and how it will prolong what more and more analysts are calling a

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Dollar Falls to Within Cent of All-Time Low

posted by JayP 1415 days ago in USD, Oil made popular 1415 days ago

The dollar dropped to within a cent of the all-time low against the euro on concern the U.S. government may be forced to take over mortgage lenders Fannie Mae and Freddie Mac.

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Dollar Hurt by Geopolitical Concerns and High Oil

posted by JayP 1415 days ago in USD, AUD, Oil made popular 1415 days ago

Oil prices are driving the currency market. Over the past 2 days, prices have increased more than $10 a barrel. As a result, the US dollar has weakened across board, particularly against the Australian and Canadian dollars.

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Mexico's Peso Weakens as Global Stocks Slide Curbs Demand

posted by halfwatertest 1415 days ago in Daily made popular 1415 days ago

Mexico's peso weakened for the first
day in seven as a slide in global stocks reduced demand for
higher-yielding, emerging-market assets.

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GFT Daily Market Commentary

posted by wiredprg 1416 days ago in Daily made popular 1415 days ago

Forex Market Commentary for July 11, 2008 by Cornelius LucaGFT Daily Market Commentary The dollar was all over the place on Thursday, down versus the euro and the commodity currencies, but up against the yen and pound. The US curre...

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ECB plays down rise in euro’s global status

posted by odell 1416 days ago in EUR, Special made popular 1415 days ago

The euro’s importance in global foreign exchange reserves has stabilised or even fallen, according to a European Central Bank report on Wednesday that scotched suggestions the single currency was catching up with the dollar.

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Inflation Targets Don't Kill Jobs, Economies

posted by odell 1416 days ago in Special, Inflation made popular 1415 days ago

Are central banks dealing with inflation as if they were hunting bears with a howitzer?

The simple answer is no, though a growing number of academics would say otherwise.

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Oil Steady After Jumping $5 as Trading Programs Trigger Buy

posted by odell 1416 days ago in USD, Oil made popular 1415 days ago

rude oil traded near $142 a barrel after rising more than $5 in the last hour of New York floor trading yesterday as prices breached a level that triggered computer-generated buying programs.

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