The EUR Maintains its Bearish Tone
01/30/09 8:51 PM by Rita RuvinskiThe European currency retreated from gains made earlier in the week against its major counterparts. Against the USD it was down about 2% at $1.2889, after hitting a session low of $1.2875, and versus the Japanese currency, the EUR was ...
Trading Gold Instead of the Dollar
01/30/09 6:33 PM by Russell GlaserAs the global economy has been tanking, the price of Gold has steadily appreciated. Many businesses and regulators cry a foul when traders bet against the market and reap the rewards. Pessimistic traders have been doing this a long time. ...
Japan’s Economy Tumbles on Strong Yen
01/30/09 12:40 PM by Dan EduardJapan's economy continues to decline as the Yen goes from strength to strength, and global the global recession deepens. The International Monetary Fund (IMF) forecasted that Japan's GDP will decline by 2.6% this year, just behind Britain's forecasted -2.8%.
Britain’s Economy to Slump by a Staggering 2.8% in 2009
01/29/09 2:53 PM by Dan EduardAccording to the International Monetary Fund (IMF), Britain's economy is set to slump by a massive 2.8% this year. The global economic watchdog was extremely concerned, as this forecast indicates that Britain's economy will decline twice as fast as previously ...
Dollar Rises on Federal Reserve Decision and Obama Stimulus
01/29/09 11:07 AM by Dan EduardThe Dollar rose against its major currency pairs yesterday, after the U.S. Federal Reserve decided to keep America's interest rates unchanged at 0.25%. The Dollar's behavior is also owed to the approval of President Obama's stimulus by the U.S. House ...
Obama Stimulus May Boost Dollar
01/28/09 7:01 PM by Dan EduardPresident Barack Obama's economic stimulus plan is set to be voted on tonight in the U.S. House of Representatives. There is no certainty that he will get the required number of votes in order for the bill to be passed. ...
Crude Oil’s Slump
01/28/09 4:56 PM by Dan EduardThe price of Crude Oil has slumped as of late, owing much of its misfortune to poor economic data releases and fears that demand will decrease for a 2nd consecutive year. Production cuts by the Organization of Petroleum Exporting Countries ...
U.S. New Home Sales Report – January 2009
01/28/09 4:06 PM by Yan PettersFollowing last week's article, U.S. Building Permits for December 2008, this week I decided to focus your attention on the U.S. New Home Sales report, which is scheduled for January 29th at 15:00 GMT.
The Pound’s Rebound
01/28/09 4:02 PM by Dan EduardThe Pound's decline since the beginning of the current financial crisis has led analysts to reevaluate the once safe-haven currency. The peak that the Sterling stood at against the Dollar and Euro was as high as $2.10 and € 1.50. ...
U.S. Federal Funds Rate – January 2009
01/28/09 9:21 AM by Russell GlaserThe U.S. Federal Funds Rate, or Interest Rates, is the rate at which banks lend balances held at the Federal Reserve to other banks overnight. This figure is released 8 times each year. It is important because short-term interest rates ...
