FOREXYARD News Center

Mid-Day Price Spike Caused by Negative U.S. Economic News

Thursday, 20 Nov 2008

Following the release of yesterday's economic news from the United States, investors were less certain about the direction of the economy. Starting at 13:30 GMT the market witnessed a short-lived spike across the boards brought on by doubts in the strength of the U.S. economy. Confidence was restored shortly thereafter, and markets returned to their previous trends. Anticipating this move earned large profits for some, heartache for others.

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Forex News Archive

In Depth Currency Analysis

USD Daily News		EUR Daily News
USD Recovers from Mid-Trading Day Losses and Gains on Stock Slide		EUR Yet to Hit Rock Bottom; Analysts Expect Further Depreciation


JPY Daily News		Commodity Daily News
JPY Strengthened by Unwinding Carry Trades		Crude Oil Approaching the $50 Price Level

13:26 -	UPDATE 2-UK public finances weaken ahead of pre-budget report
13:27 -	US STOCKS-Futures lower on auto industry fate; Citi up
13:29 -	GLOBAL MARKETS-World stocks hit 5-1/2 year low, oil tumbles
13:30 -	London-listings weigh on Egypt for third day
13:31 -	Reuters Business Report at 1330 GMT
13:32 -	US weekly jobless claims surge to 16-year high
13:34 -	GE in talks with Asian sovereign funds - FTD
13:34 -	UPDATE 5-Oil dives towards $50, investor confidence sinks
13:37 -	UPDATE 3-Alwaleed to boost Citigroup stake to 5 pct
13:40 -	Crude oil falls $2 to $51.62, lowest in 22 months
13:40 -	UPDATE 1-Russia wants Ukraine to repay $2.4 bln gas debt
13:43 -	US STOCKS-Futures extend losses on jobless claims
13:43 -	FDIC home loan plan may get TARP funds soon - Bair
13:43 -	UPDATE 1-Dubai real estate suffers as distressed sales rise
13:55 -	UPDATE 1-Barnes & Noble loss more than expected
13:56 -	UPDATE 1-UK owners grumble as miss out on Santander issue
13:57 -	Reuters World News Highlights at 1400 GMT
13:59 -	Market Dollar Rates at 1400 GMT - Nov 20
13:59 -	Euro Rates at 1400 GMT - Nov 20
14:00 -	UPDATE 1-US weekly jobless claims surge to 16-year high

Forex Blog by FOREXYARD

Crude Oil Expects to Dip below $50 a Barrel by End of November

Thursday, 20 Nov 2008

Oil is currently priced at just below $53 a barrel, down from its high of $147.27 in the middle of July. The price of Crude is set to continue its downward spiral. According to analysts, this is in response to the news that Japan and the Euro-Zone have recently slipped into recession. They argue that [...]

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FOREXYARD Calendar

Current Time: 11/20 14:01 GMT

Date	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.
11/20	13:30	CAD	Wholesale Sales	m/m	-1.5%	0.5%	-
	13:30	CAD	Corporate Profits	q/q	2.5%	-	-
	13:30	USD	Unemployment Claims		516K	508K	-
	15:00	USD	Philly Fed Manufacturing Index		-37.5	-35.0	-
	15:00	USD	CB Leading Index	m/m	0.3%	-0.6%	-

Forex News Center

Financial News

USA	USD	1.00%
Japan	JPY	0.30%
Europe	EUR	3.25%
Switzerland	CHF	2.25%
Great Britain	GBP	3.00%
Canada	CAD	2.25%
Australia	AUD	5.25%
New Zealand	NZD	6.50%

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