lovethefx

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Federal Reserve and IMF are Getting Good with Handouts

posted by joemama 70 days ago in USD made popular 69 days ago

Does the 'establishment of temporary reciprocal currency arrangements' mean anything to you? Yeah, it kind of went by me in a blur the first time I read it. Basically, this has become one of the side shows for the Federal Reserve.  read more

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French Business Confidence, UK Retail Sales Fall; Riksbank C

posted by lovethefx 77 days ago in EUR, GBP, Daily made popular 72 days ago

Thursday remained busy in Europe with several key statistical data being released from many countries. While a decline was witnessed in French business confidence for October, consumer spending showed resilience in September.  read more

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Economy on edge of recession: BoC

posted by xjessicax 77 days ago in CAD, Fundamental, GDP made popular 77 days ago

The Bank of Canada says the Canadian economy is on the razor's edge of recession, and a full recovery is dubious and distant.  read more

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Reality in the Economy

posted by chloegurl 77 days ago in CAD, Special made popular 77 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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Euro slumps to multi-year lows

posted by LadyGodiva 77 days ago in EUR made popular 77 days ago

The euro fell on Thursday to multi-year lows amid another turbulent day for stock markets, as fears grew that the worldwide economic slowdown would hit Europe hard, dealers said.  read more

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BoE October Minutes Show MPC Voted Unanimously To Cut Bank R

posted by lovethefx 78 days ago in GBP, Fundamental made popular 78 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 emmypiu 78 days ago in EUR, GBP, Daily made popular 78 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 thegearedinvestor 78 days ago in EUR, Technical, Trading made popular 78 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