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Gold firms as euro sinks

posted by Avatar babyblue 728 days ago in USD, EUR, Gold made popular 728 days ago

Gold edged up late on Friday, after Fitch Rating cut Spain's debt ratings, renewing fears of spreading euro zone credit problems and pressuring the euro and US stock prices, which pushed some gold investors to cover short positions before the lon  read more
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It's high time Canadian airport security focused on freight

posted by Avatar shen 728 days ago in CAD made popular 728 days ago

It strikes us a bit strange that the federal government would choose a national holiday to announce the good news that it is spending $96 million improving the security of air cargo.  read more
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Forex Weekly Trading Forecast – 05.31.10

posted by Avatar hachibi 729 days ago in USD, AUD, Weekly made popular 729 days ago

US Dollar Awaits the Return of Liquidity, NFPs and the G-20 Meeting Euro to Face Fears of Contagion as Fitch Cuts Spain’s Credit Rating Japanese Yen Tied to Risk Trends Ahead of US Jobs Report British Pound Could Falter On Weak Manufacturing Cana  read more
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GOLD Still Biased To The Upside.

posted by Avatar FXTechstrategy 729 days ago in Technical, Gold, Oil made popular 729 days ago

GOLD remains biased to the upside after reversing an earlier decline to a low of 1,202 in today’s trading session.  read more
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US consumer sentiment, inflation expectations rise

posted by Avatar hinata 729 days ago in USD, Inflation, Consumer made popular 729 days ago

US consumer sentiment rose a bit in May from April but stayed roughly unchanged from levels reported since February, while the one-year inflation expectations climbed to the highest since October 2008, a survey showed on Friday.  read more
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Weekly Economic and Financial Commentary

posted by Avatar jerome 729 days ago in USD, Fundamental, Weekly made popular 729 days ago

The U.S. economic recovery continues to show its Dr. Jekyll and Mr. Hyde sides. Perhaps that is a factor behind the schizophrenic stock market behavior of late. An “unbalanced” or “two-speed” recovery remains the current state of affairs.  read more
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UK faces inflation setback

posted by Avatar jasumine 729 days ago in GBP, Inflation made popular 729 days ago

The rise in British inflation has been worrying and the independent Bank of England (BoE) will need to set interest rates to control it, Prime Minister David Cameron said yesterday.  read more
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Weak euro raises currency bar for U.S. exporters

posted by Avatar megumi 729 days ago in USD, EUR, Manufacturing made popular 729 days ago

A slumping euro, while great news for tourists on their way to Europe, is creating headaches for U.S. manufacturers whose overseas sales take a dip every time the currency drops a notch.  read more
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Long U.S. dollar bets increase in latest week

posted by Avatar sora 729 days ago in USD, Weekly made popular 729 days ago

Currency speculators extended bets in favor of the dollar, data from the Commodity Futures Trading Commission showed on Friday, and pared back bets
against the euro on a contract basis.  read more
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USD depreciates versus rupee

posted by Avatar camac 729 days ago in USD made popular 729 days ago

The dollar lost strength versus the rupee in the interbank market, dealers said on Friday. The American currency recorded losses as it commenced the day’s trading at Rs 85.18 for buying, lost 10 paisas and closed at Rs 85.08 for buying and Rs 85.  read more
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Focus on US Economy as Europe Keeps Markets on Edge

posted by Avatar erzon 729 days ago in USD, Consumer made popular 729 days ago

European headlines will continue to sway nervous markets in the coming week. But the heavy schedule of U.S. economic news crunched into the four-day post Memorial Day week should paint a good picture of the state of the economic recovery and the  read more
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Euro's slide could be a plus

posted by Avatar mateo 729 days ago in EUR, Trade made popular 729 days ago

How low can the euro go? Many economists think the 16-country currency is headed for a significant decline because of Europe's government debt crisis.  read more