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The EURJPY bouncing higher. Moves EURUSD up with it
The EURJPY and GBPJPY have both bounced sharply early on in NY trade. It is causing additional volatility in the EURUSD and the GBPUSD as a result. The EURJPY tested the 200 week moving average at the 150.24 level. ...
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Canada Labor Productivity down -0.2% for the 2nd quarter
This is in contrast to US productivity increasing by 3.4%. The Productivity has fallen for the 3rd straight quarter. The first quarter was revised to -0.6%. The high currency relatively has made goods abroad more expensive. ...
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Bobby's Corner Market Open 9.10.2008
Good Morning:. The dollar appears largely unchanged in overnight trading. The markets will be looking at the effects of the Lehman Bros news, and the continued analysis of the Fannie Mae/Freddie Mac bailouts on the overall US economy. ...
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Market Overview by Forex Yard
Economic News
* USD
Investment Bank has Negative Effect on USD.
The dollar fell against the EUR for the first time in almost two weeks pushing the oft traded currency pair to 1.4131. In overnight trading, the USD touched a new 11-month record of $1.4043....
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Varengoldbank FX - Daily FX Report
This morningÂs Daily FX Report by the VarengoldbankFX trading desk team including a review of the Forex and currency markets, technical analysis, key pivot points and the daily economic calendar.
Click for the full report.
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Forex Market Update
Market jittery and liquidity low - capitulation on its way? OPEC tries to put a floor on oil prices with a production cut.
JPY crosses pausing at key lows as US long yields nearing 40-year lows. Could JPY and CHF strength actually accelerate here?
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Market Update from Trade The News
European Market
Update: EU Commision lowers its 2008 GDP forecast; sees possible
'significant' downside it 2009 growth view
.***Data***
- (RU) Russia Q2 GDP
Y/Y: 7.5% v 7.6%
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Betonmarkets.com Morning Report
Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com
The FTSE is currently indicates a weaker opening as traders await the release of the UK trade balance numbers. While the weekend nationalization of Freddie Mac and...
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Forex & Economic Commentary by Lloyds TSB
The NIESR earlier this morning reported that the UK economy contracted by 0.2% q/q in the three months to August, a further deterioration from the (revised) 0.1% decline in the previous three month-period. Weaker than expected industrial output data...
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Dukascopy Daily Forex Overview
On Tuesday, the yen rose broadly as growing fears of a global economic slowdown led investors away from bets on higher-yielding currencies and back to the low-yielding Japanese currency that funded those bets.
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Market Update from Trade The News
Asian Market Update:
OPEC surprises, Lehman rumorsface=Arial>
- Lehman Brothers will soon announce plans to shore up
its balance sheet and address investor confusion. The investment bank will
pre-announce Q3 earnings on Wednesday morning at 7:30...
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EURUSD heads down again. EURJPY tests 200 week moving average
The EURUSD has moved back below the 1.4100 level. The 1.4207 level (100 week moving average remains the key level to the upside. Otherwise the bias is to the downside. The EURJPY just reached an 11 month low. The pair is testing...
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No news out of the US today. Mortgage Applications did come out ...
Earlier US Mortgage Applications came out up 9.5% last week. Lower interest rates helped buying and refinancing. The purchase index increased by 6.4% and the refinancing index rose by 15%. The average rate of 30 year...
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Lehman looking to divest itself of businesses to save self
To sell Majority stake in investment management business in an auction. Reports a lows of $5.92 per share. Cutitng dividend. Residential mortgage cut by 47% and commercial real estate exposure cut by 18%. Will spin off commercial...
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Berkshire To Stop Insuring Bank Deposits Above FDIC Limit
The CEO of Berkshire Hathaway, Billionaire Warren Buffett, according to WSJ - has told one of its subsidiaries - Kansas Bankers Surety Co., to stop offering “bank deposit guaranty bonds”. KBS has used the bank deposit guaranty...
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