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Gold's recent slump bewilders investors

posted by Avatar dooly 1205 days ago in Gold made popular 1201 days ago

Gold is often seen as an investment safe haven whose price tends to rise when the economy falls into troubles, but its recent slumps have defied conventional wisdom. read more
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Greenspan Concedes to `Flaw' in His Market Ideology

posted by Avatar dollardude 1205 days ago in USD, Fundamental made popular 1201 days ago

Former Federal Reserve Chairman Alan Greenspan said a ``once-in-a-century credit tsunami'' has engulfed financial markets and conceded that his free-market ideology shunning regulation was flawed. read more
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Dollar and Yen Take a Breathe after Strong Rally

posted by Avatar pippinator 1205 days ago in USD, JPY, Daily made popular 1205 days ago

Markets stabilize a bit in early US session, digesting strong gains in dollar and yen. The greenbacks surged to 5 year high against Sterling and 4 year high against Canadian dollar. Yen, on the other hand, reached a 6 year high against Euro. Econ read more
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Dollar Soars Versus Sterling, Nears 13-Year Low Versus Yen

posted by Avatar sheryl 1205 days ago in USD, Fundamental made popular 1205 days ago

The resurgent dollar continued its levitation act versus most other major currencies on Thursday, rising to a fresh 5-year high against the sterling while consolidating its gains against the euro. read more
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Existing Home Sales - Will It Affect The Dollar?

posted by Avatar jonnycakes 1205 days ago in USD, Fundamental, Housing made popular 1205 days ago

The figure was 4.91 million last month; it is surprisingly forecast to be 4.97 million this month. In August, the figure beat the estimate but in both September and July the number failed to meet the forecast. read more
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Elliott Wave - EUR/USD, GOLD

posted by Avatar 1205 days ago in USD, Technical, Gold made popular 1205 days ago | admin links

Gold broke to new lows on Wednesday so count number #2, discussed yesterday is the case. Strong dollar moves due to credit market liquidity have also influenced oil prices, with a large percentage decline that dropped $3 on crude. Usd/Chf also we read more
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US: People nervous now, but expect economy to improve

posted by Avatar skushno 1205 days ago in USD, Fundamental made popular 1205 days ago

People are skittish about the economy's immediate future. Ask how things will be in a year and you hear a different story -- and a remarkable show of optimism despite economists' widespread expectations that a serious recession is brewing.
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The Yen Continues To Rise, The Carry Trade Is Dead

posted by Avatar czarinacleopatra 1206 days ago in JPY, Special made popular 1205 days ago

The yen continues to rise against both the dollar and the euro. The entire universe of the FX trade complex is in a roaring collapse as the old status quo of the Japanese carry trade violently unwinds. This is exposing all the hedge schemes and o read more
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Greenspan Warns Of "Significant Rise" In Unemployment

posted by Avatar fxmasta 1206 days ago in USD, Fundamental, Employment made popular 1205 days ago

Former Federal Reserve Chairman Alan Greenspan addressed what he termed a "once-in-a century credit tsunami" Thursday before the House Committee on Oversight and Government Reform. read more
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Forex Meltdown Intensified by Fears of Recession

posted by Avatar trade2win 1206 days ago in Fundamental, Special made popular 1205 days ago

The Forex meltdown took a life of its own in Asian and European trade, reflecting further deleveraging in equity and credit markets, and especially intensified by the fall out in emerging market currencies and prolonged reaction to remarks from B read more
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Reality in the Economy

posted by Avatar chloegurl 1206 days ago in CAD, Special made popular 1206 days ago

The vast majority of Canadians are woefully unprepared for the world that is emerging around them. This is not simply because the savings rate in the country has fallen, year by year, nor is it because their financial assets have been shredded an read more
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Bank of Canada sees sluggish growth until 2010

posted by Avatar twilight 1206 days ago in CAD, Fundamental made popular 1206 days ago

Canada's economic performance is expected to be sluggish through the first quarter of next year, the country's central bank said Thursday. read more