The Organization for Economic Cooperation and Development doubled its growth forecast for the leading developed economies next year and predicted a further acceleration in 2011 as China and other...
CRUDE OIL: Retains Its MT Upside Outlook
CRUDE OIL (futures): Crude Oil continues to maintain its medium term uptrend bias while holding above LT rising trendline drawn from its Feb’09 low (35.66)...
The UK's public sector net borrowing reached £11.42bn last month, official figures have shown.
The figure was the highest for the month of October since records began in 1993 was much higher...
Britain’s deficit in October was the worst for the month since records began in 1993 as the longest recession on record ravaged tax revenue.
The 11.4 billion-pound ($18.9 billion) shortfall...
UK retail sales in October rose at the fastest annual pace since May 2008, government figures have shown.
Figures from the Office for National Statistics (ONS) showed sales in October were up 3.4%...
Bank of England Executive Director for Markets Paul Fisher said Thursday that the central bank will "eventually" need to shrink its balance sheet, but its size "may well" not return to its pre-crisis...
Retail sales growth in October was boosted by higher sales of clothing and footwear, while volumes in September were revised significantly higher, according to figures released by National Statistics...
Public sector net borrowing hit the highest level for an October on record, as tax receipts continued to fall at a sharp pace, according to figures released by National Statistics Thursday.
The...
EUR/USD trying hard to steady, but rebounds limited so far
By Gerry Davies || November 19, 2009 at 09:25 GMT
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EUR/USD is trying hard to steady, presently at 1.4853...
USD/CHF led USD rebound
By Gerry Davies || November 19, 2009 at 08:37 GMT
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Sources report that a large Swiss bank entered the market buying USD/CHF aggressively...
AUDUSD: Retains Its Corrective Tone, Eyes The 0.9086 Level
Scam
AUDUSD- Corrective weakness triggered off its YTD high at 0.9401 level continues to dominate the pair’s price action declining...
Reports major ACB has stepped in selling EUR/USD
By Gerry Davies || November 19, 2009 at 07:59 GMT
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Sources report that a major ACB has stepped in selling EUR/USD...
Switzerland's trade surplus in October rose to CHF 2.46 billion from CHF 1.91 billion surplus recorded in September, the Federal Customs Administration said Thursday.
Exports rose 0.1%...
Swiss National Bank Chairman- designate Philipp Hildebrand said the country may need tighter financial rules than the rest of the world to tackle a domestic industry dominated by UBS AG and Credit...
TOKYO, Nov 19 (Reuters) - The dollar and the yen rose on Thursday as investors, watching soft equities performances and capital controls in emerging markets, closed out positions in riskier...
The dire state of the public finances will be back in the spotlight as official figures show a further surge in borrowing.
Although October is traditionally a strong month for revenues such as...
Some other stuff of note due today
By Gerry Davies (Edit) || November 19, 2009 at 07:03 GMT
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10:00 GMT: OECD Economic outlook for major world economies
11:00 GMT:...
EUR/USD opens easier
By Gerry Davies || November 19, 2009 at 06:14 GMT
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EUR/USD sits at 1.4915 , down from a North American close up around 1.4960. A fairly hefty...
Japan's all industry activity dropped a seasonally adjusted 0.6% month-on-month in September, compared to the 0.9% increase in the previous month, the Ministry of Economy, Trade and Industry reported...
This week’s economic releases, although few in number, will provide an indication of just how cash-strapped consumers are prior to the traditional Christmas spending spree.
The first such...
New Zealand’s main opposition Labour Party will no longer support the central bank’s primary policy of targeting inflation, saying it wants a competitive exchange rate and lower borrowing costs.
...
GBPUSD: Weakening And Testing The 1.6681 Level
GBPUSD- The pair continues to hesitate following through lower on its Tuesday losses on Wednesday and risking further downside towards its short term...
One thing that I find more amusing than annoying now is trying to be on the screen at the “best” time to day trade. Previously the decision on what hours to trade were based entirely on volume. The...
THE Reserve Bank says the main source of funding for non-bank lenders is heading for a recovery after receiving a government leg-up, but it is unlikely to revisit the pre-crisis boom years.
...
The cad was making a surprise move higher during the early part of the Asian session. Earlier, the pair was unable to break higher above the 20 and 50 day moving averages which are converging at...
Just about everyone is down on the U.S. dollar. It has fewer friends than an airline passenger who admits to having swine flu during a flight.
Billionaire investor George Soros says it’s creating...
The U.S. dollar has been gallantly struggling to remain above support at 75.0 on the U.S. Dollar Index, but it looks like it may be about to succumb to the mounting bearish pressure.
Ok traders, good day to you all. Today I want to discuss with you the pause that refreshes. Take a look at the following chart and tell me, as a SCALPER, what do these 2 charts say to you?
Forex options and futures markets paint a decidedly mixed picture for the US Dollar, as traders are increasingly unsure of short-term direction. We had been calling for a major US Dollar turnaround...
