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Trade surplus tipped by year-end

posted by jirachi 815 days ago in AUD, Trade made popular 815 days ago

Australia’s trade deficit narrowed to a seven-month low in January and could turn into a surplus by the end of 2010 as demand for the nation’s resources increases, economists say.

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Yen Falls as Greece Bail-Out Speculation Boosts Yield Demand

posted by jirachi 818 days ago in JPY made popular 818 days ago

The yen weakened against higher- yielding currencies including Australia’s dollar on speculation European Union governments will rescue debt-laden Greece, reducing demand for the Japanese currency as a refuge.

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CEF Weekly Review: Mixed Signals

posted by jirachi 818 days ago in EUR, Weekly, GDP made popular 818 days ago

Mostly a positive spin for the economic numbers this week with a few important clunkers: better GDP, steady rise in Chicago Purchasing Managers, promise of near zero interest rates and an EU pledge to support Greece.

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Gold at one-week low

posted by jirachi 822 days ago in USD, Gold, Consumer

Fading US consumer confidence ended up fading gold speculator confidence as well, as the yellow metal continued to slide and broke the $1100 level in overnight trading.

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Fair trade product sales rise in UK

posted by jirachi 825 days ago in GBP, GDP made popular 825 days ago

Sales of fair trade products in the UK have increased by 12% to reach an estimated retail value of £800 million despite households struggling through the recession, new figures revealed.

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Fixed-rate mortgage stays below 5 percent

posted by jirachi 826 days ago in USD, Housing made popular 825 days ago

Recovery in the U.S. housing market has been fragile. Demand for new and existing homes, after strengthening in earlier months, dropped in December because of cold weather and continuing joblessness. Though housing starts sprang up again in Janua

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Low inflation risk lets Fed keep rates down

posted by jirachi 827 days ago in USD, Inflation, Consumer made popular 826 days ago

The Federal Reserve seems likely to keep interest rates at record lows for several more months after news Friday that consumer prices excluding food and energy fell in January.

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Slump in sales triggers new recession fear

posted by jirachi 827 days ago in GBP, GDP made popular 827 days ago

FEARS Britain could slide back into recession heightened yesterday as the High Street suffered a “shocking” slump in sales for January.

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Gold falls 1 pct after Fed raises discount rate

posted by jirachi 828 days ago in USD, Gold made popular 827 days ago

Gold slipped about 1 percent on Friday after the US Federal Reserve hiked its discount lending rate to banks, sending the dollar up and weakening the appeal of bullion as an alternative investment.

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Predictions on Mortgage Rates after the Fed Stops Buying

posted by jirachi 831 days ago in USD, Housing

From Carolyn Said at the San Francisco Chronicle: Mortgage rates poised to jump as Fed cuts funds

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London retail sales growth slows down

posted by jirachi 832 days ago in GBP, Retail Sales

RETAIL sales in London grew at their slowest rate for five years as the stronger pound made the capital less attractive for overseas shoppers.

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Bank: Bumpy UK recovery

posted by jirachi 836 days ago in GBP, Inflation made popular 836 days ago

BRITAIN’S path to recovery will be much slower than previously predicted and inflation will fall further below target over the next few years, the Bank of England said yesterday as it unveiled its new growth and inflation forecasts as part of the

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