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Greenspan Warns Of "Significant Rise" In Unemployment

posted by Avatar fxmasta 1206 days ago in USD, Fundamental, Employment made popular 1206 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 1206 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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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
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EUR/USD Falls Further Following Overnight Session

posted by Avatar xjessicax 1206 days ago in USD, EUR made popular 1206 days ago

The euro is currently off new two-year lows against the U.S. dollar on Thursday morning, due in part to dovish comments by European Central bankers. read more
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Chart of the Day - 10/23/2008 - GBP/USD

posted by Avatar jameschen 1206 days ago in USD, GBP, Technical made popular 1201 days ago

More than any other major pair, the GBP/USD (a daily chart of which is shown) has experienced a drastic one-way move this week read more
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Dollar Soars To 2-Year Peak Versus Euro As Recession Talk He

posted by Avatar fxmasta 1207 days ago in USD, EUR, Fundamental made popular 1207 days ago

The dollar skyrocketed versus most other majors overnight before leveling off Wednesday morning, but continued to move lower versus the broadly stronger yen. Traders are selling off higher-yielding currencies on favor of the dollar and yen amid g read more
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BoE October Minutes Show MPC Voted Unanimously To Cut Bank R

posted by Avatar lovethefx 1207 days ago in GBP, Fundamental made popular 1207 days ago

Policymakers stood united in deciding on a rate cut as the UK economy apparently entered recession. The minutes of the Bank of England’s rate setting session released on Wednesday revealed that the members voted unanimously to reduce the bank rat read more
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Euro and Sterling Hardest Hit in Dollar and Yen Rally

posted by Avatar emmypiu 1207 days ago in EUR, GBP, Daily made popular 1207 days ago

Dollar continues to maintain strong momentum today on a couple of factors with dollar index soaring to as high as 85.91. Firstly, there are increased speculations that other major central banks in the world will cut rates faster than Fed. read more
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Euro Hits Rock Bottom: Technicals Say Enough is Enough

posted by Avatar thegearedinvestor 1207 days ago in EUR, Technical, Trading Psychology made popular 1207 days ago

I have been quite surprised lately with the continued weakness of the Euro. Strictly based on fundamentals, the collective countries of Europe appear to be in even worse shape than the United States. With growth slowing at disturbing rates and read more
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Pound drops to new multi-year lows against dollar and yen

posted by Avatar LadyGodiva 1207 days ago in USD, EUR, JPY made popular 1203 days ago

The UK's sterling staged a sharp slide against its major rivals on Wednesday morning in Asia. The pound fell to new multi-year lows of 1.6512 against the US dollar and 165.43 against the Japanese yen by 8:00 pm ET, compared to yesterday's closing read more
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Canadian dollar slumps to new multi-year lows against dollar

posted by Avatar Valerie 1207 days ago in USD, JPY, CAD made popular 1207 days ago

During early deals on Wednesday, the Canadian dollar plunged to new multi-year lows against the US dollar and the Japanese yen. Meanwhile, the loonie showed strength against the currencies of Europe and Australia. The Canadian currency climbed to read more
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Dollar drops as investors seek safe haven

posted by Avatar olivia 1207 days ago in USD, AUD made popular 1207 days ago

The Australian dollar was weaker at noon, as demand for the US currency and lower commodity prices dragged the local unit lower. read more