Thursday’s Market Recap: Stocks Continue To Fall Even As Oil Hits ... Stocks plummeted today after more poor economic indicators were reported. The labor department reported that new applications for unemployment rose unexpectedly, to a seasonally adjusted 444000, up 15000 claims from last...

Thursday US Market Close: FedSpeak The Fed’s Yellen and Fisher had a few words to say today. Yellen admits that rate policy is difficult to make in tight credit conditions. Fisher made sure to disavow any Fannie/Freddie responsibility, putting it squarely on the Treasury ... Go to...

Volume Increased During The Stock Sell-Off, But Is It Phony? Mr. Market stopped in for a few belts and came out one nasty bear and beat bulls mercilessly. Sure, there was a lot of news that would drive most to drink like poor employment data, dismal retail sales, negative comments by housing...

Japanese Yen Gains Over 2.5% Against High-Yielders on Fears of ‘Financial Tsunami’ We know that risk sentiment remains the primary driver of the Japanese yen because political turmoil has recently emerged and Japanese economic data has... Go to Full Article

Euro Breaks Below Key Support as Comments by ECB’s Trichet Stay Status Quo The euro fell nearly 1 percent on Thursday, as EUR/USD tumbled and broke below the 38.2 percent fib of 1.1638 – 1.6041 at 1.4358. Go to Full Article

Canadian Dollar: Canada's NFPs to Determine Next Move For USD/CAD Yesterday I said that, from a technical perspective, it appears that commodity currencies like the Canadian dollar, Australian dollar, and New Zealand... Go to Full Article

British Pound Collapse Continues As House Prices Plunge 10.9%, BOE Leaves Rates Steady The British pound has plunged nearly 2,500 points since mid-July, and ended Thursday testing 1.7575 as the outlook for the UK remains grim. Go to Full Article

US Dollar: What Impact Will Non-Farm Payrolls Have? The US dollar resumed its rally on Thursday, as the European Central Bank and Bank of England rate decisions did little to shift broad interest-rate expectations,... Go to Full Article

Scheduled Events Calendar for September 1 - 5 Labor Day of 2008 - Hurricane Gustav Ahead of Busy Week. No Holiday's for Currency Traders. The US and Canada are closed for Labour Day on Monday - but subscribers to this blog know that I have called numerous currency moves in the past ... Go...

Healthcare ETFs Are Pulsing Amid Dire Conditions Health care and related exchange traded funds (ETFs) have remained on a steady beat while the rest of the market has faced challenges. With the coming election in November, everyone’s wondering what will become of healthcare when either ... ...

Forex news FDIC Chair Bair on the Wires - Says Credit downturn is far from over. -Does not expect to use the 30B line of credit with Treasury. -Expects banks to build reserves for several quarters to cover credit losses. -Confident that industry reserves are more than enough ... Go to...

Electric Utilities: A Victim Of Commodities As it becomes more apparent that the economy has slipped into a recession we historically have seen investors flock towards equities that present the three S’s: stability, sustainability and safety. Markets teetering in and out of bear ... Go...

What is Behind the Dollar Rally? Volatility has ripped through the financial markets with the Dow Jones Industrial Average plunging 344 points and the US dollar surging to a year to date high against the Euro. With the exception of the dollar’s performance against the ... Go to Full...

Consumer Confidence In Israel Drops To 4 Year Low For those who think that the local Israeli economy is immune to a global economic slowdown, today’s economic numbers on consumer confidence, may want you to think again. Globes reports that the index dropped to its lowest level in 4 ... ...

Forex Trading: Update on GBP/JPY Hitting New Lows I just wanted to re-post my chart from earlier (see post) on GBP/JPY and add that this couldn't be a more textbook definition of breaking support on the daily. Right now the pair is trading at the 189.45 level. ... Go to Full Article