Financial Crisis Highlights Need to Deal With Global Imbalances: Bernanke
Monday, 19 October 2009, 9:51 GMT On his undertaking to alter federal policy, Fed chairman highlighted the importance of handling global imbalances in trade and capital flows. Due to the discrepancy that this leads to, Bernanke calls for the pressing need for policy reforms. The prevailing financial crisis has challenged policy makers who are turning [...]
Early Spring Line-up on Cable?
The Pound Sterling was the weakest currency (GBP/USD) amongst the 16 major currency pairs until last week, and then it started bouncing back around the 13th Oct, after a brief consolidation phase on the 12th Oct. Since then, the Cable hasn’t looked back and has extended its rally in today’s session as well, extending its [...]
Decline in US Advance Retail Sales
15th Oct 09 1047 GMT The US advance retail sales figures were released yesterday on 14th October 2009. The figures indicate a decline in retail sales figures for September 2009 to -1.5%, down from contrast to 2.2% in August. Consumer expenditure in the United States accounts for two thirds of total economic activity, and retail sales [...]
Euro rally on favor by central banks
Euro rally on favor by central banks October 13, 2009 – 1300 GMT As more central banks announced that they would shift their reserves to the Euro from the US dollar, the greenback fell yet again, sharply, against all major currencies after a rally last week on expectations of an early interest rate rise and [...]
Euro, GBP, JPY, USD – Currency Major Update
Currency Major Update 13th October 2009, 0910 GMT Euro The Euro continued its bull run against all major currencies following strong corporate earnings and some improvement in employment figures. It is still in uptrend and may peak higher in the future as European Central banks shift massive reserves into the Euro. Retail sales are improving [...]
AUD-i-Bull Ride
October 8, 2009: 0830 GMT Australia’s jobless rate fell for the first time in 5-months to 5.7%, a slight improvement of 0.1% over last month’s, beating consensus estimates of 6%. It is the biggest gain in 2 years as 40,600 people obtained employment beating forecasts which suggested a decline of 10,000. The AUD rallied to [...]
Euro GDP numbers present possible short opportunity!
October 7, 2009 – 0700 GMT The Euro zone GDP figures are about to be released today at 09:00 GMT. Consensus estimates would suggests that it will remain unchanged at -4.7%. Since retail sales and the labor market are still negative, while jobless claims are increasing, the European economic zone is likely still not over [...]
Dollar Plunges after G-7 Meet
The greenback plunged against its major peers after the G-7 meet at Istanbul where all the finance ministers skipped the currency weakness agenda against the USD to tackle recession. The USD was trading weak against 15 of the 16 most traded currencies, with the Yen being the only exception, as the Japanese Finance Minister Fuji [...]
Loading ...
