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A mining boom cut-off is coming

posted by Avatar recessionfear 6 days ago in AUD made popular 6 days ago

Let me detail why it is happening, reveal some of the projects in the front line of curtailment plus those likely to proceed and finally make a first attempt of projecting what it means to the Australian economy. Current mining investment is running in ... read more
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Flash: NZD/USD fall below 0.7607 gives way to 0.7469 - Commerzbank

posted by Avatar recessionfear 10 days ago in NZD

NZD/USD, after making fresh trend lows at 0.7620 in the latest Europen trade, has managed to stage a minor recovery, although 0.7670/80 resistance remains a tough hurdle to overcome so far. According to Axel Rudolph, FX Strategist at CommerzBank: "The ... read more
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US wheat futures extend rally on dry weather threat

posted by Avatar recessionfear 10 days ago in USD, EUR, AUD, Commodities made popular 10 days ago

The US Department of Agriculture said exporters sold 900000 tonnes of US corn to China, including 180000 tonnes of old-crop supplies, even as China said it expected a record-large domestic corn crop in 2012. * The China National Grain and Oils ... read more
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Bombardier Transportation Celebrates 20 Years of Success in Mexico

posted by Avatar recessionfear 10 days ago in all made popular 10 days ago

Bombardier Transportation, a global leader in rail technology, celebrates an important milestone with 20 years of sustained and successful presence in the Mexican rail manufacturing industry. read more
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EUR/USD weekly outlook: May 14 - 18

posted by Avatar recessionfear 13 days ago in EUR

By Forexpros | Forex News | May 13, 2012 02:35PM GMT | Add a Comment Forexpros - The euro fell to a three-and-a-half month low against the US dollar on Friday, as ongoing concerns over political turmoil in Greece and a potential Greek exit from the ... read more
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NZD/USD weekly outlook: May 14 - 18

posted by Avatar recessionfear 13 days ago in NZD

NZD/USD hit 0.7809 on Friday, the pair's lowest since January 9; the pair subsequently consolidated at 0.7824 by close of trade, down 1.27% over the week. The pair is likely to find support at 0.7775, the low of January 9 and resistance at 0.7878, ... read more
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C$ falters on Greece politics, CMHC

posted by Avatar recessionfear 18 days ago in all made popular 18 days ago

The Canadian dollar dropped to a low of C$1.0023 against the greenback, or 99.77 US cents, its lowest since April 16. By 2:00 pm (1800 GMT), it was at C$0.9983 versus the US dollar, or $1.0017, down from Monday's finish at C$0.9930 versus the US dollar ... read more
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GBP/USD Stabilizes After The Strong Descent

posted by Avatar recessionfear 20 days ago in USD, EUR, JPY, CAD, AUD made popular 19 days ago

On Friday Pound/Dollar decreased insignificantly with 60 pips. The Cable depreciated from 1.6204 to 1.6140 on Friday, in converse with the positive Interbank sentiment at nearly +4%, closing the week at 1.6144. Today the British Pound lost further ... read more
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PRIOR WEEK MARKET MOVERS: THEIR KEY LESSONS FOR THIS WEEK

posted by Avatar recessionfear 20 days ago in EUR made popular 20 days ago

Meanwhile China and UK both posted lower manufacturing PMIs, confirming earlier signs of slowdowns in both countries.. Europe was mostly closed for May day. That left the US as the only fully liquid market. Given the importance of the Friday monthly ... read more
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Currencies Rally On Stock Earnings

posted by Avatar recessionfear 31 days ago in Commodities made popular 31 days ago

The report pushed the Canadian dollar/loonie (CAD) down just briefly, the pull from the other currencies to gain versus the US dollar was able to overcome the report and send the loonie higher. Gold is pretty much flat this morning, after gaining a bit ... read more
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Soy hits highest since 2008; wheat, corn gain

posted by Avatar recessionfear 32 days ago in USD, EUR, AUD made popular 32 days ago

FUNDAMENTALS * Hamburg-based oilseeds analyst Oil World said on Tuesday it has again cut its forecast for key producer Argentina's 2012 soybean crop because of drought damage. Oil World now sees Argentina's 2012 soybean crop at 42.5 million tonnes, ... read more
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Oil Prices Slide on Mounting Demand Fears

posted by Avatar recessionfear 33 days ago in EUR, Commodities made popular 33 days ago

... 2012 World oil prices plunged today, in line with tumbling European stock markets, as downbeat Chinese data and ongoing eurozone uncertainty cast doubt on the strength of global energy demand. Brent North Sea crude for June slid USD 1.15 to USD ... read more