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Eurozone Trade Deficit Widens; BoE Minutes Reveal MPC Split

posted by dollardude 1347 days ago in EUR, Fundamental made popular 1346 days ago

Wednesday, official data showed that trade deficit in the 15-nation Eurozone economy widened in July. A slew of reports were released for the UK economy that revealed a split in the Bank of England rate-setting body over the September rate decisi

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How Does the Euro’s Trading Range Measure Up Historically?

posted by gonepippin 1347 days ago in USD, Technical, Special made popular 1346 days ago

Since the beginning of the year, the EUR/USD has had a trading range of 21 big figures or 2100 pips.

The high of 1.6038 was set back in July and while the low (so far) of 1.3882 was hit last Friday.

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U.S. dollar slides to session lows versus yen

posted by dooly 1347 days ago in USD, JPY, Technical made popular 1346 days ago

The dollar extended losses on Wednesday, dropping to session lows versus the yen, as rising concerns about the health of the U.S. financial sector sparked a rise in risk aversion.

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Chart of the Day - 9/17/2008 - USD/CHF

posted by jameschen 1347 days ago in USD, CHF, Technical made popular 1346 days ago

Within the context of the up-and-down consolidation in the majors in the last few days, the USD/CHF pair (a daily chart of which is shown) has been bouncing between two significant support/resistance factors

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Crude Inventories Drop By 6.3 Million Barrels

posted by jonnycakes 1347 days ago in Oil

Crude oil inventories fell more than expected in the recent week, according to data released Wednesday morning by the Energy Information Administration. The drop was the fourth in a row and stockpiles have declined more than 14 million in that sp

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The Fed Stands Firm

posted by trade2win 1347 days ago in USD, Fundamental, Inflation made popular 1347 days ago

To the surprise of the financial markets, the Federal Reserve left interest rates unchanged at 2 percent. Going into the meeting, everyone thought that the Fed was backed into a corner and would have no choice but to cut interest rates by 25 and

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Crude Oil Rebounds From a Two-Day Decline on AIG Rescue Plan

posted by maximumpips 1347 days ago in Oil made popular 1347 days ago

Crude oil rebounded from its biggest two-day decline in almost four years after the Federal Reserve agreed to rescue American International Group Inc., easing concerns of a further economic slowdown in the U.S.

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Fed holds rates steady

posted by pipsmgee 1347 days ago in USD, Fundamental, Inflation made popular 1347 days ago

Trying to project an appearance of calm and stability amid the unprecedented turmoil in the financial markets this week, the Federal Reserve on Tuesday held its benchmark fed funds rate at 2.0%, ignoring calls for rate cut to boost the struggling

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Consumer prices fall 0.1% on weaker energy prices

posted by dooly 1348 days ago in USD, Fundamental, Inflation

With energy prices falling sharply, U.S. consumer prices declined 0.1% in August, the first decrease in nearly two years, the Labor Department reported Tuesday.

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Best 'Currency' Right Now? It Might Be Gold

posted by gonepippin 1348 days ago in USD, Gold made popular 1347 days ago

One day, the Dow rises nearly 300 points. The next day, it gives it all back. United Airlines (UAUA) is down 99% one minute. A few hours later, it's back to even. In the evening, Lehman (LEH) is solvent. By the next morning, the company has filed

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Oil Prices Sharply Lower Again

posted by jonnycakes 1348 days ago in Oil made popular 1348 days ago

Crude oil remained sharply lower on Tuesday after dipping below $91 a barrel earlier in the day. Light sweet crude moved to $92.03, down $3.68 on the session. Oil fell as low as $90.55 in the opening minutes of the session and is more than 37 per

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Chart of the Day - 9/16/2008 - EUR/GBP

posted by jameschen 1348 days ago in EUR, GBP, Technical made popular 1348 days ago

Price on the key EUR/GBP cross (a daily chart of which is shown) has just made a pronounced bounce almost precisely off the significant uptrend support line that has been in place for at least a year now

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