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Oil Declines on Slow Global Demand Recovery, Dollar’s Rally

posted by annie 888 days ago in USD, Oil made popular 888 days ago

Crude oil fell on speculation global demand will increase only slowly as the world economy recovers from its worst recession since World War II.

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Reserve bank may delay next rate rise, CBA says

posted by annie 888 days ago in AUD, Inflation made popular 888 days ago

A MOVE by the banks to lift their interest rates higher than the central bank's rises may mean official rates are left on hold early next year, the Commonwealth Bank's chief executive, Ralph Norris, said yesterday.

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The Basics Of Currency Trading Market

posted by annie 888 days ago in Special, Trading Psychology made popular 888 days ago

First of all, how is currency trading market working? Forex market is about exchanging one currency to another. Earlier, huge financial institutions and banks used to be the only ones engaged in this type of transaction.

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Shrinking USD Supply Signals Trouble Ahead for Gov't Plans

posted by annie 889 days ago in USD made popular 889 days ago

In a discussion regarding the global dollar supply, Zhu noted that the decreasing availability of dollars in the world currency markets is going to make it increasingly difficult for other nations to continue purchasing dollar-denominated US trea

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Growth of Eurozone private sector at 26-month high in Dec

posted by annie 892 days ago in EUR

The Markit Flash Eurozone Composite Output Index, based on around 85% of normal monthly survey replies, rose for the tenth month in a row to reach 54.2 in December, its highest reading since October 2007. The level of business activity has now ri

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Surprise drop in UK jobless figure

posted by annie 892 days ago in GBP, Employment made popular 892 days ago

Official figures show that the number of Britons claiming unemployment benefit fell unexpectedly in November for the first time in almost two years.

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Interest rate rise tipped for February

posted by annie 894 days ago in AUD, Inflation made popular 894 days ago

Economists expect the Reserve Bank of Australia (RBA) to raise interest rates in February despite a shift in the central bank's thinking at its last meeting.

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Oil prices steady below $70/barrel

posted by annie 894 days ago in USD, Oil made popular 894 days ago

Oil was steady below $70 a barrel on Tuesday, after slumping for a ninth straight session on Monday to an 11-week low on persistent worries over hefty stockpiles and sluggish demand.

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Japan's business confidence grows: central bank

posted by annie 895 days ago in JPY made popular 895 days ago

Stop loss hunters have tripped stops below the 88.60 level, pushing it to the 88.55 mark. No sign of a bounce as yet as we sit on the lows and with the Nikkei down 0.7% and approaching the 10,000 level. Intraday traders will look to buy here now

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Bank of Canada warns: Interest rates will rise quickly

posted by annie 896 days ago in CAD, Inflation, Trade made popular 895 days ago

The Bank of Canada has renewed its pledge to hold interest rates at historic lows until the middle of next year but is concerned over growing household debt.

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Yen Falls for 2nd Day on Deteriorating Conditions in Japan

posted by annie 896 days ago in JPY made popular 896 days ago

The Japanese yen continued its decline against the dollar and the euro for the second day today as the unpleasant economic conditions in Japan make their currency less attractive to the buyers.

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US Dollar falls against most major currencies

posted by annie 897 days ago in USD

The USD fell a bit against most major currencies Thursday as investors’ risk appetite picked up. US initial claims for jobless benefits rose by 17,000 in the week ending December 5th to 474,000, the US Labor Department reported.

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