New Zealand Dollar Neither A Safe Haven Nor Stable High Yielder
The New Zealand dollar has forged higher against many of its more economically superior and deeply liquid counterparts but this advance may soon stumble on unstable fundamentals. Over the past month- ...
Fri 10th April 2009 - 11:53pm
Canadian Dollar Could Prevail as Market Sentiment Improves
The Canadian Dollar was the second-best performing currency against the U.S. dollar this week as the loonie continued to benefit from higher commodity prices paired with the rise in market sentiment- ...
Fri 10th April 2009 - 11:51pm
Japanese Yen Forecast Bullish on Technicals and Fundamentals
Fundamental Forecast for Japanese Yen- BullishFundamental Outlook for Japanese Yen- Bullish- Japanese Yen Forecast to recover versus US Dollar- Holiday-shortened trading week benefits Yen- Japanese Ye ...
Fri 10th April 2009 - 09:13pm
Australian Dollar Consolidation Below 2009 Highs May Yield Breakout
The Australian dollar ended the week as the strongest of the majors- and the currency was especially strong against the euro- Swiss franc- and British pound.Australian Dollar Consolidation Below 2009 ...
Fri 10th April 2009 - 08:24pm
British Pound May Offer Selling Opportunities This Week
The British pound ended the past week within a tight range versus the US dollar of 1.4600-1.4750 following the March 9 rate decision from the Bank of England- as they left the Bank Rate at a record lo ...
Fri 10th April 2009 - 08:20pm
Should We Look Forward To Breakouts After The Weekend Forex Video
Calm markets build breakout potential. What are the top fundamental drivers for the currency market next weekStories To Watch on DailyFX- Risk appetite seems to be on the rise but fund ...
Fri 10th April 2009 - 06:56pm
Russia-Turkmen gas conflict looms- report
MOSCOW AFP - A blast on the main gas pipeline between Turkmenistan and Russia reflects rising tensions between the two countries and could signal a Ukraine-style -amp quotgas war- -amp quot a Russian newspaper said. ...
Fri 10th April 2009 - 05:43pm
Tax hikes stoke Americans to give up smoking
WASHINGTON AFP - When the federal tax on a pack of cigarettes went up almost threefold- the American Cancer Societys national smoking quitline had around 13 times more calls than on a normal day. ...
Fri 10th April 2009 - 05:37pm
US Dollar- Japanese Yen Benefit from Low Volumes - US Retail Sales Could Slump Next Week
- British Pound Continues Consolidation Above 1.4600 - Breakout Potential- Euro Holding Above Key Support at 1.3100 - Declines May Be in Store- Australian Dollar- Canadian Dollar Consolidate Below Mon ...
Fri 10th April 2009 - 05:28pm
US Dollar- Euro- Commodity Dollars May Respond to Signs of Deflation Risks
FX trading over the course of the next week will likely continue to depend more on risk trends rather than fundamental reports- but there are a handful of indicators that could shake up currencies lik ...
Fri 10th April 2009 - 04:58pm
Asian leaders to demand action on GFC
Asian leaders will call for decisive and coordinated action to fight the global economic downturn at a three-day summit starting in Thailand on Friday. ...
Fri 10th April 2009 - 04:47pm
China cuts pay of corporate high-flyers
China has ordered pay cuts for executives at state-owned banks as public anger grows over their high salaries during the global economic crisis. ...
Fri 10th April 2009 - 03:17pm
Dollar Rally Expected to Continue
-EURUSD resistance at 1.3415 trend still down-AUDUSD sights on multi month high-USDJPY still ranging at 61.8-USDCAD tests key supportEuro - US DollarThe fractal nature of the market has been on full ...
Fri 10th April 2009 - 03:16pm
YouTube to launch music video site
Universal Music Group UMG and YouTube are planning to launch a music video website featuring artists from the world's largest music company. ...
Fri 10th April 2009 - 02:52pm
YouTube to launch music video site
Universal Music Group UMG and YouTube are planning to launch a music video website featuring artists from the world's largest music company. ...
Fri 10th April 2009 - 02:22pm
Brazilian unemployment claims soar 7.9 percent
BRASILIA AFP - Brazils Labor Ministry on Thursday announced a sharp rise in unemployment claims of 7.9 percent in the first quarter- for a total of 1.85 million people applying for benefits. ...
Fri 10th April 2009 - 12:42pm
Customers may sue banks over rates hold
Australias big banks could face legal action over their refusal to pass on the Reserve Banks cut to official rates by 25 basis points on Tuesday. ...
Fri 10th April 2009 - 12:35pm
Customers may sue banks over rates hold
Australias big banks could face legal action over their refusal to pass on the Reserve Banks cut to official rates by 25 basis points on Tuesday. ...
Fri 10th April 2009 - 12:34pm
Frustration at ferry wait
Tourists and local residents of Bruny Island have waited for long periods for the ferry service today. ...
Fri 10th April 2009 - 12:28pm
World's cheapest car goes on sale
The world's cheapest car has gone on sale in India- with dealers and the company behind it confident of strong demand despite a slump in global car sales. ...
Fri 10th April 2009 - 12:26pm
Tourism operators hope Easter will bring fresh start
Tourism operators across south-east Queensland are hoping Easter will mark the beginning of a turn-around in business. ...
Fri 10th April 2009 - 11:31am
Let auto firms go bust- say majority of Americans
WASHINGTON AFP - More than three-quarters of Americans think the government should let ailing automakers General Motors or Chrysler go bankrupt instead of bailing out the firms- according to a recently released poll. ...
Fri 10th April 2009 - 10:32am
Timber workers take extended break
Tasmanian timber company Gunns will close its timber mills and even its head office for ten days over Easter to help cut costs. ...
Fri 10th April 2009 - 10:21am
Euro- Pound Flat on Holiday Volume- After Losing Ground During Asian Trading
The Euro fell to as low as 1.3089 during overnight trading and with markets closed for the Good Friday holiday- has since consolidated above 1.3100. French CPI and industrial production were the only ...
Fri 10th April 2009 - 09:55am
US shares surge on bank confidence
Global stock markets have rallied strongly as a shortened trading week ended for the Easter long weekend. ...
Fri 10th April 2009 - 08:29am
Wells Fargos record profit outlook
WASHINGTON AFP - US banking giant Wells Fargo projected Thursday a -amp quotrecord -amp quot three-billion-dollar profit in the first quarter- sparking hopes of recovery from a financial crisis that is battering the economy. ...
Fri 10th April 2009 - 07:56am
US trade deficit in surprise plunge to 9 year low
WASHINGTON AFP - The US trade deficit contracted more than expected in February to a nine-year low on a big recession-driven fall in imports in the worlds largest economy and an unexpected rebound in exports. ...
Fri 10th April 2009 - 07:39am
New US weekly jobless claims slide 3
New US jobless claims fell a steeper than expected three per cent last week but still remained at a 26-year high amid the recession- government data showed. ...
Fri 10th April 2009 - 07:21am
Three airlines fined for US price fixing
Three more foreign carriers have agreed to plead guilty to conspiring to fix prices in the US air cargo industry- and they will pay $US214 million in fines. ...
Fri 10th April 2009 - 07:12am
World's cheapest car goes on sale
The world's cheapest car has gone on sale in India- with dealers and the company behind it confident of strong demand despite a slump in global car sales. ...
Fri 10th April 2009 - 06:52am
Oil prices shoot upwards
Oil prices jumped more then $US2 on Thursday- drawing strength from rising equities and a smaller-than-expected rise in crude reserves in the US- analysts said. ...
Fri 10th April 2009 - 06:49am
New direction for AJC after board members sacked
New directors at the Australian Jockey Club say they will work to restore the clubs position in the horse racing industry. ...
Fri 10th April 2009 - 06:39am
US trade deficit falls for 7th month
The US trade deficit plunged unexpectedly in February as the recession pushed imports down for a seventh straight month while exports rebounded a bit. ...
Fri 10th April 2009 - 06:29am
Scepticism on job figures
Tasmanias peak business group says yesterdays employment figures paint an overly positive picture- by not distinguishing between full-time and part-time work. ...
Fri 10th April 2009 - 06:19am
Scepticism on job figures
Tasmanias peak business group says yesterdays employment figures paint an overly positive picture- by not distinguishing between full-time and part-time work. ...
Fri 10th April 2009 - 06:18am
Oil prices soar on Wall Street equities rally
NEW YORK AFP - Crude oil prices surged Thursday in New York- boosted by a strong Wall Street rally ahead of the three-day holiday weekend driven by hopes for a recovery in the financial sector. ...
Fri 10th April 2009 - 05:57am
ECB chief says economy on track for recovery
PARIS AFP - The head of the European Central Bank Jean-Claude Trichet said Thursday that the world economy would recover next year after a -amp quotvery bad -amp quot performance this year. ...
Fri 10th April 2009 - 05:42am
Govt not tough enough on banks- Coonan
Opposition finance spokeswoman Helen Coonan says the Federal Government has missed a chance to take a harder line on major banks passing interest rate cuts on to customers. ...
Fri 10th April 2009 - 05:28am
Obama- Low rates are good news for US homeowners
WASHINGTON AFP - President Barack Obama on Thursday hailed historically low interest rates on US mortgages as good news for the battered housing sector at the center of the global financial meltdown. ...
Fri 10th April 2009 - 03:50am
Germany unveils first full bank nationalisation
FRANKFURT AFP - Germany on Thursday launched its first full bank nationalisation since the republics birth in 1949- with a key US investor set to pay a high price as officials try to stabilise financial markets. ...
Fri 10th April 2009 - 03:44am
Russian gas supply cut by Turkmen blast
ASHGABAT AFP - An explosion on a pipeline in the Central Asian state of Turkmenistan halted gas supplies to Russia on Thursday- but was not expected to disrupt supplies to Europe. ...
Fri 10th April 2009 - 03:19am
Oil prices shoot upwards
LONDON AFP - Oil prices jumped more then two dollars on Thursday- drawing strength from surging equities and a smaller-than-expected rise in crude reserves in the United States- analysts said. ...
Fri 10th April 2009 - 01:28am
US bank Wells Fargo sees record $3 bln profit
WASHINGTON AFP - US banking giant Wells Fargo said Thursday it sees -amp quotrecord -amp quot net income of some three billion dollars for the first quarter- thanks to a better than expected performance by its new unit Wachovia. ...
Fri 10th April 2009 - 12:43am
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