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What Is the Fed Waiting For?

posted by trade2win 1326 days ago in USD, Fundamental made popular 1326 days ago

Before the US stock markets opened Tuesday morning, the Federal Reserve announced a plan to buy commercial paper directly from issuers in yet another attempt to unfreeze the credit markets. Although this led to a rally in US stocks, USD/JPY and o

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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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More Weak Housing Data Expected, UBS Says

posted by dfxguy 1327 days ago in USD, Fundamental, Housing made popular 1326 days ago

The August pending home sales index will be reported on Wednesday; we are below consensus, note the analysts at UBS. Existing home sales and the pending home sales index have shown signs of bottoming in recent months, although we expect sales wil

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Gold Continues To Climb, Closes Above $880 An Ounce

posted by forexjunkie 1327 days ago in Gold made popular 1326 days ago

Gold gained again on Tuesday as traders continue to flock to the precious metal's hedge appeal with the world-wide credit crunch in full swing. December gold moved to $882, up $15.80 on the session. Prices hit as high as $893.70, gold's highest m

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Big Troubles for the Euro

posted by trade2win 1327 days ago in EUR, Fundamental, Special made popular 1327 days ago

The Euro has been falling recently versus the Dollar. Why? There have been many theories proposed, but I want to offer my own theory this evening. Fiat currencies are political creatures, and are only as strong as the political entity issuing

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German Factory Orders Recover; UK Manufacturing Output Decli

posted by lovethefx 1327 days ago in EUR, 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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Oil Rises as Traders Buy Crude Amid Speculation of OPEC Cut

posted by maximumpips 1327 days ago in Oil made popular 1327 days ago

Crude oil rose as traders took advantage of the cheapest prices in eight months to buy oil, amid speculation OPEC will cut output.

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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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