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- Indices headed marginally higher in early trading this morning as investors digest a slew of mixed economic data. The Commerce Dept reported that personal spending made its biggest monthly decline since June, 2004. The October Chicago Purchasing Manager hit lows not seen since May, 2001, with the prices paid and new orders components coming in very weak. Crude is hovering below $65, while commodities remain weak. The fed fund futures show the probability of another 50bps rate cut by end of

Spooky Oil. Who dares enter the long side of the energy complex? Boooo... It's close To Midnight and something’s selling oil in The Dark. Under The Moonlight, You see a drop That Almost Stops Your stop. You Try to Scream, but the market takes the trade Before You Make It. You Start to Freeze, As Losses Looks You Right between the Eyes, You're Paralyzed. You Hear Demand's been slammed, And Realize there's no money left for fun. You hope The Cold Holds, and play that oil will start to run. You

Forex traders, join the daily All Things Forex broadcast- a live one hour program covering Forex and major economic events, trend developments, research, analysis, ideas, education, live traders forum, interviews with some of the most respected names in the trading world, and much more.. In today's broadcast we discuss how interest rate cuts, yield differentials, and risk aversion affect currencies. We also analyze recent trends, we look at a new forecast from UBS, and prepare for the new

The past couple of weeks have been extremely challenging for the central and eastern European (CEE) markets. This week has, however, brought a bit of relief after the announcement of a large IMF-led rescue package for Hungary. Unfortunately it is difficult to be optimistic about the outlook for the CEE markets and the economies given the continued deleveraging of the global economy. Most CEE economies are struggling with huge external imbalances, with much hinging on external funding. As a

(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; downtrend line in red; horizontal support/resistance level in yellow; Fibonacci retracement levels in grey; 50-period simple moving average in light blue.) 10/31/2008 – EUR/USD – Price action on the EUR/USD daily chart, as shown, has clearly been rejected at the resistance imposed by a key 38.2% Fibonacci retracement level and an important prior support/resistance level

Action Insight Mid-Day Report Dollar Firm Despite Poor Data Dollar remains firm in the US session after a bag of poor economic data. Consumer spending dropped more than expected by -0.3% in Sep while income grew more than expected by 0.2%. The drop in consumer spending is indeed the biggest in four years. Inflation continued to moderated with headline PCE dropping to 4.2% yoy in Sep while core CPI dropped to 2.4% yoy. Chicago PMI deteriorated more than expected to 37.8 in Oct, worst reading

FXstreet.com (Barcelona) – Swiss GDP growth is prone to register a considerable slowdown over the next quarters, as the forward looking KOF barometer continues declining, and at a fast pace, according to the latest survey by the Kof Economic Institute.

The KOF economic barometer has slipped to 0.35 in October from revised 0.52 in September a sharper than expected decline than the 0.49 forecasted by market analysts.

From the three modules contributing to Swiss GDP, the core GDP module, GDP excluding construction and banking, has declined sharply, while the construction index declined at a more moderate extent, and the banking module was unable to offset the decline.

FXstreet.com (Barcelona) For more information, read our latest forex news.

FXstreet.com (Barcelona) – Consumer inflation has risen in October at a slower year on year pace than in September and in August, showing signs of a downward inflationary trend supported by lower prices on food and oil which will give the ECB a wider margin to cut rates in order to produce a reaction against the economic slowdown.

Consumer prices have risen at a 3.2% year on year pace in October, according to preliminary estimations from Eurostat, down from the 3.6% pace in September, and from the 4% year on year growing pace posted in August.

Gold continues to surprise to the downside on the COMEX and the futures markets in spite of huge physical demand, increasing supply issues and surging premiums on bullion products. Speculative paper players using huge leverage continue to exit positions for the relative safety of cash due to margin calls on other bets and some investment banks continue to short gold despite the incredibly strong fundamentals for bullion itself. Once the AM and PM gold fixes for physical bullion took place