SUBSCRIBE TO FEED'Economic' Tag
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FEDERAL RESERVE PRESENTS GLOOMY PICTURE FOR US ECONOMY
August 11, 2010Following one of the most highly anticipated events in the economic calendar the Federal Reserve presented a gloomy outlook for the US economy in its post meeting statement yesterday, saying that the pace of economic recovery is likely to be more modest in the near term than had been anticipated. Committee members went on to [...]
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Will Durable Goods Slow the Risk Rally in Forex Trading?
July 28, 2010Currency trading on the FX market The risk rally got a good boost earlier today, with the sterling moving through the 1.56 level in currency trading. On top of that, the euro has gained in forex trading, reaching the 1.30 level. However, the forex trading forecast question right now is whether or not the risk [...]
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STERLING TESTS UPPER RESISTANCE AT 1.5577
July 27, 2010The Pound has seen good price movement against the lower-yielding currencies like the Dollar and the Yen today, as the FTSE 350 Banks Index gained and the UK currency also withstood a cut in the UK economic growth forecast from the Ernst & Young LLP Item Club. There have been some suggestions that the surprising [...]
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Sterling Gets a Boost in Currency Trading
July 23, 2010U.K. pound surges on improved economic data The sterling is getting a boost in currency trading on the FX market today, with a little help from the latest round of economic data. British GDP is higher than expected, and that is helping the U.K. pound in forex trading. European markets in general are showing much [...]
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Dollar hammered by yen as job concerns remain
June 30, 2010The dollar has quietly slipped against the yen in this week’
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Fed expresses it’s concerns as pound nears $1.50
June 24, 2010A slew of mixed economic reports Thursday (June 24) morning reinforced the economic uncertainty of the Federal Reserve’
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Gold sets new record high over $1,260
June 18, 2010As soon as investors think it is safe to invest in growth opportunities and more risky plays, economic concerns pop up somewhere in the world. The US is still trying to figure out if it is truly in economic recovery mode with job worries remaining and Europe is burdened with debt-ridden economies. The same has [...]
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Despite poor retail sales, oil prices near $75
June 11, 2010US retail sales dropped by the largest amount in eight months according to the May numbers released Friday (June 11) morning. This puts a bit of a brief damper on more upbeat economic news of late that has help keep oil prices propped up in the mid-$70s. US jobless claims numbers helped encourage investors this [...]
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FOMC Minutes: Officials favor asset sales, disagree on strategy
May 19, 2010FXstreet.com (Córdoba) ‘
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U.S. Dollar Weakens in Currency Trading
April 30, 2010Greenback lower on economic report The U.S. dollar is weakening in currency trading on the FX market today. The greenback is lower in forex trading on the most recent economic report. Even though Quarter 1 showed economic expansion, it was not in line with expectations from analysts.
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Divergence Trade in Forex Trading
February 26, 2010Using economic divergence as part of a currency trading strategy One of the ways you can enhance your currency trading strategy is to consider incorporating economic divergence. This is the idea that you can benefit from the impact that different recovery paces in different countries can have on currencies on the FX market. GFT’s Kathy [...]
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Bernanke Insists that the Economy is Not Ready to Sustain Itself
February 24, 2010U.S. dollar falls in forex trading Yesterday, the U.S. dollar was seeing a bit of a rally. At that point, it was all about risk aversion. Today, the story is a bit different. Right now, it’s all about U.S. economic fundamentals. Federal Reserve Chair Ben Bernanke is testifying before Congress today and tomorrow, and today [...]
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Is The Fed Ready to Abandon Loose Monetary Policy?
January 28, 2010Interest rate hikes could come sooner than we think Interest rate hikes could come sooner than we think, especially if the plans laid out by President Barack Obama in last night’s State of the Union Address actually pan out. Obama offered a plan to increase employment by offering tax breaks to businesses, as well as [...]
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Is the Fed Hurting the Dollar in the Long-Term?
February 10, 2009In recent memory, the stakes have never been so high, and the global economy has never been so imbalanced. Accordingly, the Fed and the Treasury must be careful that in treating the economic crisis, they don’t inadvertently damage the very foundation of the US economy.