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Consumer cut in spending the most since 1980

posted by odell 1195 days ago in USD, Fundamental, Retail Sales made popular 1195 days ago

Scared and out of money, Americans stopped buying everything from cars to corn flakes in the July-September quarter, ratcheting back spending by the largest amount in 28 years and jolting the national economy into what could be the most painful r

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AUD/USD - Close Open Orders

posted by joemama 1196 days ago in USD, AUD, Technical made popular 1195 days ago

No trade today as AUD/USD did not make another attempt to to go lower, instead finding buyers above .6000. Risk appetite grew across the board during today's trading session as equities found buyers and after the Bank of Japan announces they will

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Dollar Falls Versus Euro as Traders Increase Bets on Fed Cut

posted by MarcB 1231 days ago in USD, EUR, Fundamental made popular 1231 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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Buy Euro as Dollar May Decline Toward $1.53, Citigroup Says

posted by pippinallnite 1231 days ago in USD, EUR, Fundamental made popular 1231 days ago

Investors should buy the euro against the dollar as weakness in the world's largest economy and a slow adjustment of its housing sector will push the greenback lower, according to Citigroup Global Markets Inc.

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5 Ways to Diversify Away from the Dollar

posted by trade2win 1232 days ago in USD, Special made popular 1231 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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Bernanke: Grave threat demands plan's passage

posted by pipsmgee 1232 days ago in USD, Fundamental made popular 1231 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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Crude Oil Inventories Drop For Fifth Straight Week

posted by fxmasta 1232 days ago in Oil made popular 1231 days ago

Crude oil inventories fell for a fifth straight week, according to data released Wednesday by the Energy Information Administration. Gasoline stocks were also sharply lower. Crude oil prices dipped modestly after the report but remained significa

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German Ifo business confidence at 3-year low

posted by lovethefx 1232 days ago in EUR, Fundamental made popular 1231 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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GFT Daily Market Commentary

posted by wiredprg 1244 days ago in Daily made popular 1244 days ago

Forex Market Commentary for September 12, 2008 by Cornelius LucaGFT Daily Market Commentary The dollar encountered choppy trading on Thursday amid volatile equity and oil prices, while everyone is looking for the resolve of the new...

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Get a Life

posted by spoonman 1244 days ago in Trading Psychology made popular 1244 days ago

Olympic athletes are not superstars forever. Similarly, professional athletes have their prime and then they retire. So spending one’s youth building up skills makes sense since there is a “critical period” in life to make one’s mark. But traders

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ECB's Papademos Says Europe Likely to Avoid Recession

posted by fxhottie 1245 days ago in EUR, GDP, Inflation made popular 1244 days ago

European Central Bank Vice President Lucas Papademos said the economy is likely to escape a recession and there are signs higher energy costs are driving up wages on a broad front.

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BoE says it can't give banks long-term support

posted by nancypants 1245 days ago in GBP, Fundamental, Inflation made popular 1245 days ago

Bank of England governor Mervyn King warned Thursday that planned money market reforms by the central bank will not provide long-term assistance to banks facing tougher lending conditions, arguing that was a government responsibility.

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