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Yen Advances to Two-Year High Against Euro on AIG Concern

posted by MarcB 1348 days ago in JPY, Fundamental, Daily made popular 1347 days ago

The yen rose to a two-year high against the euro and gained versus the dollar as the debt-rating downgrade of American International Group Inc. fueled concern credit markets are seizing up after the collapse of Lehman Brothers Holdings Inc.

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Japanese Yen Set for Sharp Volatility on Lehman Brothers New

posted by MarcB 1350 days ago in USD, JPY, Fundamental made popular 1349 days ago

The Japanese Yen finished almost exactly unchanged against the US dollar to end the week’s trade, but strong volatility from the US S&P 500 and other global risky asset classes made for an especially volatile string of trading days. In fact, fore

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Wall Street Trades Special Sunday Session

posted by MarcB 1350 days ago in USD, Fundamental, Daily made popular 1349 days ago

An extremely rare Sunday afternoon Wall Street trading session, held with the intention of reducing systemic risk posed by a potential bankruptcy by

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Canadian Dollar Falls as Report May Say Trade Surplus Shrank

posted by MarcB 1353 days ago in CAD, Fundamental, Trade made popular 1353 days ago

The Canadian dollar fell before a government report that may show the nation's trade surplus shrank in July as crude oil prices during the month declined for the first time since March.

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New Zealand Cuts Rates, Euro Falls

posted by MarcB 1353 days ago in USD, EUR, NZD made popular 1353 days ago

The Euro broke 1.40 following the Reserve Bank of New Zealand interest rate decision as traders realized that the European Central Bank could cut interest rates over the next few months. Despite the hawkishness of ECB President Trichet, it should

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French Industrial Output Growth Tops Expectations On Higher

posted by MarcB 1354 days ago in EUR, Fundamental, Manufacturing made popular 1353 days ago

Strong performance of the automobile and intermediate goods industries pushed up French industrial production more than expected in July.

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Australia, N.Z. Dollar Still Attractive, Rogers Says

posted by MarcB 1354 days ago in AUD, NZD made popular 1354 days ago

The Australia and New Zealand dollars, the worst performers this quarter among the world's major currencies, will likely recover after the unwinding of the carry trade ends, said investor Jim Rogers.

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US May Be Running Out Of Options To Stop Recession

posted by MarcB 1355 days ago in USD, Daily, GDP made popular 1355 days ago

After a bailout of Fannie Mae and Freddie Mac , $168-billion of fiscal stimulus measures, a housing-rescue package and three-and-a-quarter percentage points worth of Federal Reserve interest rate cuts, the economy is still struggling and in some

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Pending Home Sales Fell By More Than Expected In July

posted by MarcB 1355 days ago in USD, Fundamental, Housing made popular 1355 days ago

Pending home sales fell by more than expected in the month of July, according to a report released by the National Association of Realtors on Tuesday, with the decrease likely to add to recent concerns about the strength of the housing market.

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Yen Declines After US Government Takes Over Fannie, Freddie

posted by MarcB 1357 days ago in USD, JPY, Housing made popular 1357 days ago

The yen fell by the most in seven weeks against the euro and dropped versus the dollar on speculation the U.S. government's takeover of Fannie Mae and Freddie Mac prompted investors to buy higher-yielding assets.

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Government Takes Control of Fannie, Freddie

posted by MarcB 1357 days ago in USD, Fundamental, Housing made popular 1357 days ago

The Government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac, launching what could be its biggest federal bailout ever, in a bid to support the U.S. housing market and ward off more global financial market turb

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Data Raises Some Concerns About Monthly Employment Report

posted by MarcB 1360 days ago in USD, Employment

A slew of data related to the labor market has been released on Thursday, with a pair of the reports raising some concerns about the strength of the August employment report due to be released by the Department of Labor on Friday.

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