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German economy could shrink by 2.5 percent

posted by Avatar odell 1224 days ago in EUR, Fundamental, GDP made popular 1224 days ago

The German economy, Europe's biggest, could shrink by as much as 2.5 percent this year, the country's economy minister was quoted as saying Saturday. read more
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Obama offers hope for struggling economy

posted by Avatar odell 1224 days ago in USD, Sentiment, Consumer made popular 1224 days ago

As the US economy faces its worst crisis since the Great Depression, the change at the White House ushering in Barack Obama may provide a much-needed psychological lift to sentiment, analysts say. read more
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Consultant predicts Australian recession in 2009

posted by Avatar odell 1224 days ago in AUD, Fundamental, GDP made popular 1224 days ago

The Australian economy will slide into recession this year after an unprecedented 17 years of growth, an economic consultant said Monday. read more
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Britain to launch second bank rescue plan to boost lending

posted by Avatar odell 1224 days ago in GBP, Fundamental

Britain will throw its banks another multi-billion pound lifeline on Monday by allowing them to insure against steep losses and guaranteeing their debt to stop the credit crunch pushing the economy into a deep slump. read more
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Warren Buffett says US in 'economic Pearl Harbor'

posted by Avatar odell 1224 days ago in USD, Fundamental, Special

In an interview that aired Sunday on "Dateline NBC," the chairman and CEO of Berkshire Hathaway Inc. said the nation's economic situation is not as bad at World War II or the Great Depression, but it's still pretty severe. read more
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Continued USD weakness suggested by technicals

posted by Avatar wiredprg 1224 days ago in Weekly

I've post the USD index this week as there are now two strong rejections of a descending trend-line. A break of that trend line would suggest a period of Dollar strength, however at this time the rejections point to the index heading lower. The... read more
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ECB cuts rates as recession

posted by Avatar andes 1224 days ago in EUR, Fundamental, Inflation

The European Central Bank (ECB) lowered its key interest rate by half a percentage point on January 15, underscoring efforts to combat the recession gripping countries in the Eurozone, Hungary reeling worse than expected, the British government u read more
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Jobless numbers 'set to hit 3.4m'

posted by Avatar BloodDiamond 1224 days ago in GBP, GDP, Employment made popular 1224 days ago

Unemployment will soar to 3.4 million as the financial crisis deepens, experts predicted ahead of official figures set to show the scale of the jobs crisis rocking the economy. read more
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How To Trade Using Fibonacci To Follow Price Action

posted by Avatar bullbear 1225 days ago in USD, JPY, Technical made popular 1225 days ago

This week we'll look at using the Fibonacci retracement tool to gauge price movement and give some pointers on using the Fibonacci retracement tool. In this example we'll use the USD/Yen and start from the 4 hour perspective. Figure is the starti read more
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NZ economy faces year of stagnation, govt says

posted by Avatar odell 1228 days ago in NZD, GDP, Inflation made popular 1228 days ago

New Zealand's battered economy faces a year of stagnation with no recovery in sight until 2010, the government said Thursday, as it warned tens of thousands of workers will lose their jobs. read more
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US Retail Sales Falls, Q4 GDP Will be Very Weak

posted by Avatar Jmario 1228 days ago in USD, Fundamental, Daily

For the 6th month in a row, US consumers have cut back spending. The December consumer spending data tells us that retailers had a very tough time this holiday shopping season. Consumers reduced their spending by 2.7 percent but if you take out y read more
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Gold Falls to Five-Week Low as Dollar Advances; Silver Drops

posted by Avatar 1228 days ago in USD, Gold, Metals made popular 1228 days ago | admin links

Gold prices fell to a five-week low as gains by the dollar eroded the appeal of the precious metal as an alternative investment. Silver also dropped. The dollar climbed for the fourth consecutive session against a weighted basket of six major cur read more