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Fed, major central banks slash rates

posted by pipsmgee 1326 days ago in USD, Fundamental made popular 1326 days ago

The U.S. Federal Reserve and other major central banks moved in concert Wednesday to slash key interest rates as part of an ongoing effort to quell financial turmoil that has threatened to flatten the international economy.

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Euro Gains Versus Dollar And Sterling

posted by fxmasta 1326 days ago in EUR, Technical, Daily made popular 1326 days ago

The euro gained on the dollar and sterling as traders mulled over the coordinated interest rate cut among several major banks around the world. The European currency touched a fresh multi-year low against the yen as Japan did not reduce its rates

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Major Central Banks Cut Rates; UK Announces Rescue Package F

posted by lovethefx 1326 days ago in EUR, GBP, Fundamental made popular 1326 days ago

Wednesday, a coordinated interest rate cut by world’s major central banks to control financial market crisis and its impact on the global economy and a GBP50 billion rescue package announcement by the UK government for its banking sector grabbed

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UK Govt. Announces Financial Support to Banking Industry

posted by MarcB 1326 days ago in GBP, Fundamental, Daily made popular 1326 days ago

Wednesday, UK Government announced that it is bringing forward specific and comprehensive measures to ensure financial stability and to safeguard ordinary savers, depositors, businesses and borrowers.

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Dollar Falls Versus Euro on Joint Rate Cuts by Central Banks

posted by JayP 1326 days ago in USD, EUR, GBP made popular 1326 days ago

The dollar declined the most against the euro in more than two weeks after global central banks made joint cuts in borrowing costs, reducing demand for the U.S. currency as a haven from credit market turmoil.

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MOT #63 - Change Is Always A Challenge

posted by wiredprg 1327 days ago in Trading Psychology made popular 1326 days ago

Don't forget to check out the new Mind of a Trader blog!http://www.tradingpostfinancial.com/mot-------The grass is always greener on the other side of the fence, yet we still need to cut, weed and water it.There are m...

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Chart of the Day - 10/07/2008 - AUD/USD

posted by jameschen 1327 days ago in USD, AUD, Technical made popular 1326 days ago

After having plunged over 700 pips within a single 24-hour period, price action on the AUD/USD daily chart, as shown, has currently begun consolidating within a limited range

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Speculation mounts over global rate cuts

posted by pipsmgee 1327 days ago in Fundamental, Special made popular 1327 days ago

Fears that ongoing financial turmoil could wreck the world's banking system and worsen a global slump fueled speculation Tuesday that major central banks will deliver a rare round of coordinated interest-rate cuts if conditions don't improve.

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Euro Moves Away From Long-Term Lows Versus Dollar, Yen

posted by fxmasta 1327 days ago in EUR, Technical, Daily made popular 1327 days ago

The euro edged modestly higher against other major currencies on Tuesday in New York. The European currency climbed away from a seven-year low against the yen and a yearly low versus the dollar. The euro also gained on the British pound

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German Factory Orders Recover; UK Manufacturing Output Falls

posted by nancypants 1327 days ago in EUR, GBP, Fundamental made popular 1327 days ago

Tuesday saw some key economic data releases from European economies, of which German factory order data and UK manufacturing output report for August were in the focus.

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Australia drops interest rates as Asia seeks shelter

posted by MarcB 1327 days ago in JPY, AUD, Fundamental made popular 1327 days ago

Australia and Japan sought Tuesday to shield their economies from the fallout of the global financial crisis, with the Australian central bank sharply reducing interest rates and the Bank of Japan signaling a more cautious outlook and a willingne

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BoJ Holds Key Interest Rate

posted by pippinallnite 1327 days ago in JPY, Fundamental, Inflation made popular 1327 days ago

Tuesday, the Bank of Japan maintained its key interest rate in October, while the Bank Indonesia hiked the policy rate for the sixth straight month. Official data showed inflation slowed in the Philippines.

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