FreshPips.com / User / pipmonster / Voted

Americans Less Gloomy on Economy Amid Discontent, Poll Finds

posted by odell 1375 days ago in USD, Consumer made popular 1375 days ago

Americans are slightly more optimistic about the economy even as large majorities disapprove of the country's overall direction and President George W. Bush's performance, the latest Bloomberg/Los Angeles Times poll shows.

Discuss

U.K. Inflation Reaches 4.4%, More Than Double Target

posted by warrenbuffet 1384 days ago in GBP, Inflation made popular 1383 days ago

U.K. inflation accelerated to more than double the central bank's 2 percent target in July, making it harder for policy makers to cut interest rates as the threat of a recession looms.

Discuss

Japan Consumer Sentiment Falls to Record Low on Gas

posted by warrenbuffet 1384 days ago in JPY, Consumer made popular 1383 days ago

Japanese consumers became the most pessimistic they've been in at least 26 years, indicating their spending is unlikely to trigger a recovery in the world's second-largest economy.

Discuss

Japan's wholesale inflation hits 27-year high

posted by warrenbuffet 1384 days ago in JPY, Fundamental, Inflation made popular 1383 days ago

Japanese wholesale inflation hit a 27-year high in July while consumer confidence struck a new record low, official figures showed Tuesday, adding to gloom about the health of Asia's largest economy.

Discuss

Aussie business conditions hit 7-year low

posted by warrenbuffet 1384 days ago in AUD, Fundamental, Consumer made popular 1383 days ago

Business conditions have weakened to the lowest point since the weeks after the September 11, 2001 terrorist attacks in the US, in a sign the economy could be slowing faster than had many expected, a report shows.

Discuss

Paulson: Give stimulus time to work

posted by warrenbuffet 1384 days ago in USD, Fundamental, GDP made popular 1383 days ago

Treasury Secretary says $168B tax rebate was right size to help economy this year; also says 'a lot of truth' to President Bush quip last month that Wall Street's 'got a hangover.'

Discuss

Prime mortgages get hit, dashing recovery prospects

posted by warrenbuffet 1384 days ago in USD, Special, Housing made popular 1383 days ago

More borrowers with good credit are defaulting on their home loans, and that's going to make it even harder for the staggering housing market to recover.

Discuss

Chart of the Day - 8/11/2008 - EUR/JPY

posted by jameschen 1384 days ago in EUR, JPY, Technical made popular 1384 days ago

Price action on the key EUR/JPY cross (a daily chart of which is shown), has performed a throwback to the downtrend line (represented by the long red line) that it broke in early June.

1 Comment

Euro Gains, Snapping Four-Day Drop, as ECB Cites Inflation

posted by odell 1384 days ago in USD, EUR, Inflation made popular 1384 days ago

The euro gained against the dollar, snapping a four-day decline, after policy makers said the European Central Bank remains focused on inflation and traders judged last week's 3.6 percent drop excessive.

Discuss

Australian Dollar Falls Below 90 U.S. Cents as Rate Cuts See

posted by MarcB 1387 days ago in USD, AUD, Inflation made popular 1387 days ago

The Australian dollar fell for a ninth day, the longest losing streak since 1980, as traders increased bets the central bank will reduce borrowing costs from a 12-year high.

Discuss

Euro Reaches Multi-Month Lows Against Major Rivals

posted by MarcB 1387 days ago in EUR made popular 1387 days ago

The euro continued to decline against other majors on Friday in New York. The currency hit mulit-month lows against the dollar, sterling and yen. Friday's statistical data added to growing concern over the outlook for the European economy.

Discuss

Massive Breaks on the Majors

posted by jameschen 1387 days ago in USD, EUR, Technical made popular 1387 days ago

The majors have made some drastic support/resistance breaks this morning

Discuss