Posted by Danske Bank A/S | Posted in Forecasts / Analysis, Forex News | Posted on 08-10-2008
Overview : Last night the Minutes of the FOMC meeting on 16 September were published following shortly after a speech in Washington by Fed. Chairman Bernanke on the economic outlook and financial markets. While the Minutes mostly contained old news, Bernanke’s speech suggested that the level of concern about the growth outlook has intensified since the meeting and that the Fed is now on an easing bias. Details : The Minutes suggest that the outlook was marked down slightly at the 16 September

Posted by ACM - Advanced Currency Markets | Posted in Forecasts / Analysis, Forex News | Posted on 08-10-2008
Market Brief The Usd was range bound in irregular trading in Asian Session, as regional stock markets have come under significant pressure. The EurUsd, in spiky trading, traded from 1.3660 down to 1.3545, while the UsdJpy broke briefly below the psychological 100.00 barrier before trading up slightly to 100.24. Risk aversion was the central theme as equity markets across Asia fell sharply as economic worries intensify. Yesterday, Wall Street’s close was dismal, with the S&P falling -5.73%

Posted by ForexSurvivor | Posted in Forecasts / Analysis, Forex News | Posted on 08-10-2008
1 minute with ForexSurvivor 100pips GBPNZD Mission Accomplished A. (08 October Europe) Latest Impact: The interest rate ForexSurvivor Interest Rate Target is 1% (as set at the beginning of the year in the newsletter), and yesterday, the hint of Bernanke that there will be 50basis points cut in the next meeting is a shift rate to 1.5% and approaching ForexSurvivor Target. Banks remain under pressure and

Posted by PipsandTips.com | Posted in Forecasts / Analysis, Forex News | Posted on 08-10-2008
SELL EURUSD @1. 3560 , SL @1.3575, TP @1.3550 Signal Time: October 8, 2008 08:45 GMT STATUS: ON

Posted by PipsandTips.com | Posted in Forecasts / Analysis, Forex News | Posted on 08-10-2008
SELL EURUSD @1. 3583 , SL @1.3598, TP @1.3573 Signal Time: October 7, 2008 16:56 GMT STATUS: WON

Posted by Erste Bank der oesterreichischen Sparkassen AG | Posted in Forecasts / Analysis, Forex News | Posted on 08-10-2008
Price development and real economy After following an upward trend for the past eight months, the inflation rate will likely decline in September to an annual rate of 4.8%, down from 5.0% in August. The seasonally lower prices of vegetables and lower prices of oil should help to contain growth in cigarette prices in September. Outlook for the final quarter of the year depends on whether the regulatory body okays the hike in energy prices for households (demanded by the gas distributor) or not.

Posted by Dukascopy Swiss FX Group | Posted in Forecasts / Analysis, Forex News | Posted on 08-10-2008
Previous session overview On Tuesday, the dollar and the yen declined against European currencies despite a sharp, afternoon drop in U.S. stock markets that left investors generally averse to risk. The U.S. dollar fell due to steps by the Federal Reserve to calm chaotic financial markets and a signal by Chairman Ben Bernanke that the central bank was ready to cut rates eroded some of its safe-haven bid. The rally in Oil also helped the Euro as did some steady buying in EURJPY before stocks

Posted by The Bullion Desk | Posted in Forecasts / Analysis, Forex News | Posted on 08-10-2008
London, 08 October 2008 - Gold closed 2% higher yesterday amidst further safe-haven investment demand and the yellow metal has traded above $900/oz this morning to a one-week high. In additional the yellow metal has set fresh all-time highs in Aussy Dollar, Euro, Sterling and India Rupee this morning and is hovering close to record levels in Swiss Francs. The dollar finished lower yesterday with EUR/USD settling at 1.3950, and has weakened overnight ahead of data from the US showing Pending

Fed Chairman Ben Bernanke opened the door to rate cuts during a speech on Tuesday, while a record decline in consumer credit suggests spending may fall signficantly through the end of the year. US Dollar Slips As Bernanke Brings Fed Rate Cuts Back Into Focus The US dollar saw a choppy day of price action but ended the day lower versus most of the majors as US fundamental factors were broadly bearish. Indeed, during a speech to the National Association for Business Economics this afternoon,

UK bank rescue plan this morning. Fed steps easing some money market stress and could throw the EUR some support LATEST HEADLINES US Aug. Consumer Credit contracted $-7.9B vs. +$5.0B expected ABC Weekly Consumer Confidence fell to -43 from -41 last week UK Sep. Nationwide Consumer Confidence fell to 50 vs. 49 expected and 53 in Aug. UK Sep. NIESR GDP estimate at -0.2% Australia Oct. Westpac Consumer Confidence out at -11.0% vs. +7.0% in Sep. Australia Aug. Home Loans out at -2.2% vs. -1.0%
