JPY Slides on Poor GDP Data and Stock Market Rally
March 13, 2009 11:50 am by Dan EduardThe JPY slid in Thursday's trading owing to 2 factors. First, the recent publication of Japan's poor GDP figures showing that her economy shrunk by 3.2% in the 4th quarter of 2008, the sharpest fall since 1974. The second factor ...
EUR Gains against Major Currencies
March 13, 2009 11:44 am by Greg HoldenThe EUR made notable gains against all of its major currency pairs in Thursday's trading. This comes about as the stock markets of the Euro-Zone made similar gains, much inspired by the rally on Wall Street.
G20 Summit on Economy Kicks-Off Today
March 13, 2009 11:42 am by AylonThe finance ministers and central bankers from the top 20 industrialized nations are set to begin another economic summit today in which a multitude of recent concerns about the economy will likely be addressed. These meetings, which can last days, ...
Higher than Expected Inventory Data Sinks Crude
March 12, 2009 10:23 am by Russell GlaserThe price of Crude Oil dropped sharply yesterday as the demand for the commodity continues to fall. U.S. Crude Oil inventories posted a sharp increase in the amount of Crude stocks in storage.
German Manufacturing Data Plummets
March 12, 2009 10:21 am by Natalie R.A report released yesterday showed that German manufacturing orders tumbled in the month of January as the global economic slowdown took its toll on Germany's exports. The manufacturing industry saw orders plunge 8% in the month of January. The mark ...
Crude Oil Plunges over $2 a Barrel; USD Weakens
March 12, 2009 10:20 am by AylonDuring yesterday's early afternoon hours, Crude Oil received a hasty sell-off when investors unwound their positions for riskier assets. With a recent boost to equity markets, the USD has also found itself losing strength to a number of its currency ...
Will the EUR Remain Bullish Today?
March 11, 2009 11:01 am by Yan PettersAfter a relatively negative news day, the EUR still managed to appreciate against most of its currency counterparts. The EUR gained about 100 points versus the Swiss Franc and closed at 1.4738. Against the USD and the JPY it mainly ...
JPY Holds Recent Strength; Japanese Economy Continues to Sinks
March 11, 2009 10:59 am by Natalie R.The JPY saw bullish results against most of its major currency rivals. The JPY has predominantly been influenced by the other major currencies' behavior lately, as only one major indicator was published from Japan. The JPY ended yesterday's trading up ...
New Zealand Poised to Slash Interest Rates; NZD Volatility Expected
March 11, 2009 10:52 am by AylonWith few economic indicators expected to be released today, all eyes have turned to the Reserve Bank of New Zealand (RBNZ) as it positions itself to cut short-term interest rates by an expected 50 basis points. New Zealand currently maintains ...
Oil Prices Eye $50 a Barrel
March 10, 2009 1:50 pm by Natalie R.Crude Oil prices jumped more than 3% to $47 a barrel yesterday on the news of Chinese vessels harassing a U.S. Navy ship in the South China Sea. The naval incident on Sunday, between the United States and China, the ...
