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Chart of the Day - 9/25/2008 - EUR/USD

posted by jameschen 1339 days ago in USD, EUR, Technical made popular 1338 days ago

Price action on the EUR/USD daily chart, as shown, is currently in somewhat of a consolidation mode, seemingly undecided as to the next directional push

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Dollar Falls Versus Euro as Traders Increase Bets on Fed Cut

posted by MarcB 1339 days ago in USD, EUR, Fundamental made popular 1339 days ago

The dollar fell against the euro for the first time in three days after traders increased bets the Federal Reserve will cut borrowing costs as banks' reluctance to lend threatened to slow economic growth further.

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5 Ways to Diversify Away from the Dollar

posted by trade2win 1340 days ago in USD, Special made popular 1339 days ago

Fortunately today, we have some great investment options available to us that were not around even a few years ago. Here are five easy ways you can diversify out of the dollar:

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Copper Drops in N.Y. as Falling Home Sales Signal Slower Dem

posted by maximumpips 1340 days ago in Metals made popular 1339 days ago

Copper fell for a second day on speculation that the depressed U.S. housing market will continue to stifle economic growth and reduce metals demand.

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Bernanke: Grave threat demands plan's passage

posted by pipsmgee 1340 days ago in USD, Fundamental made popular 1339 days ago

It is imperative that Congress pass the administration plan put forth by Treasury Secretary Henry Paulson to buy up to $700 billion in toxic debt because of the grave threat faced by a severe credit crunch, Federal Reserve Chairman Ben Bernanke s

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German Ifo business confidence at 3-year low

posted by lovethefx 1340 days ago in EUR, Fundamental made popular 1339 days ago

Wednesday, the news flow gained momentum in Europe with several nations releasing many statistical reports. Data showed that the German business confidence deteriorated to a three year low in September, while the French business sentiment weakene

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Oil Rises After Report Shows U.S. Crude Fell

posted by nancypants 1340 days ago in USD, Fundamental, Oil made popular 1340 days ago

Crude oil futures rose after a U.S. government report showed a decline in inventories of crude and gasoline. Supplies of crude oil fell 1.52 million barrels to 290.2 million in the week ended Sept. 19, the Energy Department said today in a weekl

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Bernanke: Financial Crisis Threatens US Economy

posted by nancypants 1340 days ago in USD, Fundamental made popular 1340 days ago

Federal Reserve Chairman Ben Bernanke on Wednesday said global financial markets were under "extraordinary stress" and threatening an already weak U.S. economy as he offered his bleakest outlook since a credit crisis set in last year.

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Investing Now: What You Don't Know Can Hurt You

posted by trade2win 1341 days ago in USD, Fundamental, Special made popular 1339 days ago

The dollar was crushed yesterday. The U.S. Dollar Index dropped more than 2%, reversing whatever gains were left from the now-evaporated summer rally.

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Eurozone Private Sector Output Shrinks Most In 7 Years

posted by lovethefx 1341 days ago in EUR, Fundamental made popular 1341 days ago

Tuesday, several key reports were released during the day that showed that Eurozone private sector output contracted in September at the fastest rate in almost seven years and a weakening household spending in France. In the UK, mortgage approval

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Eurozone Private Sector Output Shrinks At Fastest Pace

posted by MarcB 1341 days ago in EUR, Fundamental, Manufacturing made popular 1341 days ago

Eurozone private sector output contracted in September at the fastest rate in almost seven years, a survey showed Tuesday.

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Dollar Trades Near One-Month Low as Bernanke Testify

posted by MarcB 1341 days ago in USD, Fundamental made popular 1341 days ago

The dollar traded near a one-month low against the euro as Federal Reserve Chairman Ben S. Bernanke said in the text of his Senate testimony that failure to pass the U.S. financial bailout would threaten the economy.

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