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USD/CAD - Bumping Up Against Resistance

posted by Avatar jameschen 1325 days ago in USD, CAD, Technical made popular 1325 days ago

As of early Thursday morning in New York, price on the key USD/CAD daily chart, as shown, has just bumped up against the substantial resistance offered by the top of a key uptrend channel  read more
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Global Growth Decelerating Rapidly In Face Of Financial Cris

posted by Avatar forexjunkie 1326 days ago in Fundamental, Special made popular 1325 days ago

The United States is heading towards a deep recession, the International Monetary Fund said Wednesday. Warning that the global economy will slow sharply in 2008 and through 2009, the IMF cut its growth projections for the U.S. and the world.  read more
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Coordinated Rate Cuts: Too Little, Too Late? The Forex Angle

posted by Avatar dfxguy 1326 days ago in Fundamental, Special made popular 1325 days ago

We have been literally begging the Federal Reserve, the European Central Bank and the Bank of England to work together to stem the bleed in equities, and they have finally done it (What is the Fed Waiting For? And Panic Selling in FX Begs Coordin  read more
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The Day Ahead Canada and U.S.: U.S. Initial Jobless Claims,

posted by Avatar borex 1326 days ago in USD, Fundamental, Employment made popular 1325 days ago

On Thursday, U.S. markets will be interested to see if initial jobless claims and continuing claims remain in recession territory.  read more
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Oil Falls as U.S. Supplies Climb Amid Concern of Waning Dema

posted by Avatar maximumpips 1326 days ago in Oil made popular 1325 days ago

Crude oil fell to the lowest in 10 months after the U.S. government reported a bigger-than-expected gain in crude and gasoline inventories as the global economic crisis curbed demand.  read more
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UK Govt. Announces Financial Support to Banking Industry

posted by Avatar 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.  read more
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Dollar Falls Versus Euro on Joint Rate Cuts by Central Banks

posted by Avatar 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.  read more
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MOT #63 - Change Is Always A Challenge

posted by Avatar 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...  read more
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USD/JPY - Yen Strength

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

As of Tuesday evening in New York, price on the USD/JPY daily chart, as shown, has been characterized by substantial yen strength. Price has recently bounced up off of the significant 100.00 region (marked “A”) after having retreated from a signi  read more
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More Weak Housing Data Expected, UBS Says

posted by Avatar 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  read more
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Home Sales May See Gradual Recovery, Barclays Capital

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

Pending home sales, which track signed but not closed contracts of existing home sales, have been volatile but generally stable over the last several months, say the analysts at Barclays Capital. We look for a small decline of 1.5 percent month-o  read more
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Inflation Could Cure Our Economic Ills

posted by Avatar pippinator 1327 days ago in USD, Fundamental made popular 1326 days ago

Contracting credit should be an aspect of the business cycle. As the economy grows, credit booms, investments are made and price levels rise.  read more