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Australian stocks rebound, led by banks

posted by mags23 1322 days ago in AUD made popular 1321 days ago

The battered Australian share market rallied on Monday, rising more than five per cent as investors gained confidence from the government's emergency plan to protect the nation's banking system from a global financial meltdown.

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Japan, South Korea reaffirm Asia crisis fund

posted by czarinacleopatra 1322 days ago in JPY made popular 1321 days ago

Japan and South Korea agreed to push ahead with plans for a foreign exchange pool to be used in the event of a regional financial crisis, reports said Sunday.

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Time to come clean

posted by mags23 1322 days ago in AUD made popular 1321 days ago

Australia's Big Four banks are all exposed to the default of Lehman Brothers via credit default swaps (CDS) - a noxious bull-market derivative which threatens further contagion in the ailing global financial system.

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Korea Won Falls to Lowest Since 1998 as Dollar Shortage Deep

posted by willfx 1322 days ago in Technical, Daily made popular 1322 days ago

South Korea's won slumped to the lowest in a decade as a seizure in global credit markets forced banks and companies to tap currency exchanges to meet their dollar-financing requirements. Government bonds rose.

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Oil Falls More Than $1 on Signs Rate Cuts Won't Bolster Econ

posted by maximumpips 1325 days ago in Oil made popular 1325 days ago

Crude oil fell more than $1 a barrel in New York on concern that the coordinated cut of interest rates by central banks yesterday may be insufficient to prevent a prolonged global recession.

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Crisis is serious but can be solved, IMF head says

posted by pipsmgee 1325 days ago in Fundamental, Special made popular 1325 days ago

The global economic crisis is "very serious" but can be solved with quick, forceful and cooperative policies, the head of the International Monetary Fund said Thursday ahead of the fund's annual meeting.

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Forex Market Commentary for October 3, 2008 by Cornelius Luca

posted by wiredprg 1325 days ago in Daily

GFT Daily Market CommentaryThe dollar continued its divergent behavior on Thursday, surging against the European currencies and declining versus the yen, as de-leveraging continued. The euro suffered the brunt of the losses, after ECB Pre...

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Dollar Rises Further Versus Sterling Amid Efforts To Thaw Fr

posted by fxmasta 1325 days ago in USD, Technical, Fundamental

The greenback continued its levitation act versus the sterling and loonie while holding steady against other majors on Thursday. Traders once again were swept up in a wave of key global developments as central bankers and other policy makers arou

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German Trade Surplus Falls; UK House Prices Log Biggest Decl

posted by lovethefx 1325 days ago in EUR, Fundamental

Thursday, external trade data was released from Germany and UK. The German trade surplus declined in August, while the UK trade deficit narrowed slightly. Further, survey data showed that UK house prices fell the most since 1983.

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Forex Broker Rebates Unleashed

posted by cougarize 1325 days ago in Daily, Trading Psychology made popular 1325 days ago

The practice of traders earning rebates from the commissions (spread) they pay on trading isn't a new one. There are many faceless websites that want your business and the number of these sites is growing and they're getting slicker.

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Chart of the Day - 10/09/2008 - EUR/USD

posted by jameschen 1325 days ago in USD, EUR, Technical made popular 1325 days ago

Within the past few days, a tight consolidation on the EUR/USD (a daily chart of which is shown) has formed a rough inverted flag pattern

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Global Growth Decelerating Rapidly In Face Of Financial Cris

posted by forexjunkie 1326 days ago in Fundamental, Special made popular 1325 days ago

The United States is heading towards a deep recession, the International Monetary Fund said Wednesday. Warning that the global economy will slow sharply in 2008 and through 2009, the IMF cut its growth projections for the U.S. and the world.

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