Forex & Economic Commentary by Lloyds TSB Minutes of central bank meetings in the UK and the US are set to attract a fair amount of attention this week. The worsening economic backdrop in both countries was highlighted last week on most fronts, but standing out is the dire labour market...

Forex - Dollar and Yen Gain as Global Recession Deepens The dollar traded mostly higher on Friday. US retail sales dropped by the most on record, indicating the US economy is in its worst slump in decades. The eurozone GDP contracted for a second quarter, indicating a recession. A global...

iFOREX.bg - Daily Forecast 17 November 2008 EUR/USD Trading range: 1.2605 - 1.2505 Trend: Downward Sell at 1.2595 SL 1.2677 TP 1.2518

FX Technical Analysis by iForex.bg EUR/USD Open 1.2533 High 1.2797 Low 1.2450 Close 1.2600 Last week the upward divergence of the CCI indicator gave true warning, than weekly downward movement extended. The currency pair corrected upwards, reaching a peak of 1.2797 and closed at 1.2600. ...

Forex Trading News: BOJ's Nishimura on the Wires BOJ's Nishimura: Strains in global markets are intensifying; Japanese banking system becoming more unstable. - USD market functions are worsening internationally, previous imbalances are now correcting themselves ... Go to Full Article

Forex Trading News: ECB's Noyer on the Wires ECB's Noyer: Liquidity problem remains top issue at this time; measures taken should help stabilize economy in 2009. - Interbank market does show some signs of normalizing, but needs additional time ... Go to Full Article

Japanese Economy Sinks into Recession, G-20 Offers Little to Shaky Markets (Euro Open) The weekend’s G-20 summit passed with little lasting impact, Japan’s economy formally entered recession as GDP shrank in the third quarter, and Australian... Go to Full Article

U.K. Shadow Chancellor George Osborne Defends Comments on Pound Collapse UK Shadow Chancellor Osborne is defending his warnings of a GBP collapse, after he stated on the weekend that Brown's borrowing run's a risk on the sterling,... Go to Full Article

Forex Market Update: Euro-Dollar (EURUSD) Fails to Regain 1.2600 in Deteriorating Fundamental Euro-Dollar (EURUSD) was unable to regain 1.2600 after the sharp drop in the currency this morning. EUR-USD gapped from NY closing levels of 1.2700 to... Go to Full Article

Overnight Interest Rate Update 11.17.08 Current Yesterday USD 0.41250 0.40000 GBP 3.00000 3.00000 EUR 3.05125 3.07875 JPY 0.53750 0.54375 CHF 0.96667 0.98333 AUD 5.75000 5.90000 CAD 2.46667 2.55833 NZD 6.47500 6.38750 Go to Full Article

Forex Trading News: Economic Calendar (11/17/2008) Monday, November 17, 2008. Go to Full Article

FX Levels for 17 November, 2008 Overview Well the G20 failed to surprise and as expected came up with little in the way of new ideas. But then again, who really thought we'd see anything come out of a meeting of politicians who have very little idea of what's going on. Early...

A “Need for Urgency” May Not Be Enough to Organize a Global Recessionary Fight Airelon: I'll update the daily blog with a video on my thoughts before at when I made the Ford trade - probably won't be up for another hour or so Go to Full Article

October Retail Sales: Significant Slump in Consumer Spending, Speedy Rebound Unlikely Retail sales fell 2.8% in October, marking the third consecutive monthly decline. The October drop is the largest since record keeping for the current series began in 1992. Go to Full Article

The Brief Daily Forecaster 17th November 2008 DAILY ANALYSIS FOR GBPUSD Bias: Mixed - waiting for breaks though 1.4700-10 needs to hold to allow a stronger recovery Break of 1.4760 generated losses to just below the 1.4645 support. Any break now below 1.4700 would threaten a...