Economy News & (Stock Markets News)+More News

1. Economy dips at 0.7 percent pace in 2Q AP –
2. U.S. economy shrinks less in second quarter Reuters –
3. US second quarter GDP down 0.7 percent AFP –
More Economy News »
1. Stocks plunge on drop in manufacturing activity AP –
2. Wall Street dives after Chicago PMI data Reuters –
3. European stocks rise on upbeat IMF report AP –
More Stock Markets News »
Business - Automotive »
Business - Banking Industry »
Business - Entertainment/Media »
Business - Global Economy »
Business - Industries »
Business - Opinion »
Business - Personal Finance »
Business - Real Estate »
Business - Retail » (posted by ali)

Wall Street dives after Chicago PMI data

NEW YORK (Reuters) - U.S. stocks turned negative on Wednesday, and major indexes fell more than 1 percent after a regional gauge of business activity unexpectedly contracted in September

Stocks open higher after GDP, employment data AP – 19 mins ago

Wall Street advanced Wednesday on the last day of the quarter, as investors received another sign the recession is ending. Full Story »(posted by ali)

Homeowners in financial trouble often redefault

WASHINGTON - Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help fall behind again. Full Story »

Oil above $67 despite high inventories

Strengthening stock markets in Europe helped push oil prices above $67 a barrel Wednesday despite data showing U.S. crude inventories rose for a third week, suggesting consumer demand remains weak. Full Story »
Slideshow: Oil Industry

Forex Analysis - Dollar, Yen up Ahead of the G20 Meeting

The Dollar snaps a two week decline versus the EUR after disappointing U.S Home Sales data and ahead of the G20 meeting. The USD and JPY are benefiting from the recent surge in risk aversion ahead of the G20 meeting and a concern that the group's leaders will pose stricter regulations on financial markets.
Read more >(posted by ali)

FINANCE (IMF backs RBA to lift rates)

23 Sep 2009, 9:42AM
The IMF has backed the RBA's intention to lift interest rates in coming months and not leave it at an 'emergency' level too long.Read more
Gold sell off to help poor nations: IMF
RBA, Treasury to be grilled over stimulus
Recession recovery has begun: IMF
(POSTED BY ALI)

Economic and Finance News

Auditors asked to conduct income tax audit only for a year
KARACHI (May 24 2009): Federal Board of Revenue (FBR) has directed its auditors to conduct income tax audit only for a year to facilitate the taxpayers, who are receiving audit notices for multiple years.



FBR introducing new registration form for all taxpayers
ISLAMABAD (May 24 2009): The Federal Board of Revenue is introducing a new "Taxpayer Registration Form" for registration of income tax, sales tax, federal excise through a single form, simplifying registration process for business community.

Expert Analysis 23/09/2009 GBP

AUD/USD - Bearish Correction within Uptrend
James Chen
As with other dollar-based currency pairs, AUD/USD, a daily chart of which is shown, has begun to show signs of some dollar recovery after the pummeling that the greenback has been taking against seve... (Sep 23, 2009)

Daily Technical Strategies 23/09/2009 GBP
Mohammed Isah
GBP halted its declines triggered off the 1.6740 high on Sept 11'09 on Monday printing a hammer candle and following through higher in early trading today. With the hammer confirmation triggered, risk... (Sep 22, 2009)

Intraday Market Thoughts @ 03:30 ET
Ashraf Laidi
The dollar is increasingly being treated similarly across the board (falling or rising against all currencies including the yen), which is slightly different from previous cases when its behaviour aga... (Sep 23, 2009)
posted by ali

WORLD FOREX: Euro Rally Stalls On Choppy US Equities - Wall Street Journal

Wall Street Journal
Traders are "eyeing the 10000 level" on the Dow Jones Industrial Average, said Kathy Lien, chief strategist at Global Forex Trading in New York. ...
FOREX-US dollar falls to near 12-month low against euroReuters
Euro hits fresh nine-month highs against US dollarChannel News Asia
FOREX-Dollar up vs yen on short-covering, falls vs stgReuters India
Forbes -MarketWatch -Alibaba News Channel -Wall Street Journal
all 1,018 news articles »(posted by ali)

US Dollar Tumbles to 2009 Lows on S&P 500 Strength, FOMC Looms Large

US Dollar Hits 2009 Lows on S&P 500 Strength, FOMC Up Next
•
British Pound Finally Joins The Party, But BoE Minutes Loom
•
Euro Sets Fresh Yearly High As Risk Appetite Reigns
•
New Zealand Dollar Jumps to Fresh Yearly High – 2Q Growth Rate to Falter


Full Article

Observations on Innovation and Intellectual Property

If you are illegally sharing copyrighted material in France, be forewarned, writes Frank Pietrucha, an intellectual property rights promoter.(POSTED BY ALI)

MARKEET NEWS

World climate business revenue $2 trillion by 2020: HSBC
Prices at producer level have declined from September to October in the United Kingdom, while the year on year increases have been milder than the ones posted in the previous months, according to figu... (Sep 18, 09)

Nasdaq CEO says may soon surpass NYSE in IPOs
The Nasdaq Stock Market could surpass its archrival, the New York Stock Exchange, this year or next in the number and value of initial public offerings, Nasdaq OMX Group Chief Executive Robert Greifel... (Sep 18, 09)

"Option" mortgages to explode, officials warn
The federal government and states are girding themselves for the next foreclosure crisis in the country's housing downturn: payment option adjustable rate mortgages that are beginning to reset. (Sep 20, 09 POSTED BY ALI)

Intraday Market Thoughts @ 09:51 ET

AUDUSD on course for extending declines following yesterdays bearish candle, but 0.8610-15 must be broken before additional retreat calls ups 0.8540s. (Sep 20,2009 (posted by ali)

USD/CAD Outlook(forexpert Bloges

Hello. Looking at the USD/CAD, we may have potentially seen a short term bottom and am now in a short term movement up. (Sep 20, 2009)(posted by ali)

Forexnews.com Charts Package

FOREXNEWS Charts Package is a comprehensive program for technical factors affecting the foreign exchange markets today.
Price Structure:
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Download Charts Package (posted by ali)

IE SAETTELE Dollar Bear Boat

The technical picture continues to deteriorate for the dollar's competitors. Waning momentum at recent price extremes is just one sign that a turn is near. Resistance from measured levels and resistance lines as well as wave count implications all require that we respect the potential for a reversal.

Full Articl (posted by ali)

What will be the Next Catalyst for Risk Appetite behind StocksCurrencies?Currencies?,

Defining the underlying trend is not as important as determining the next catalyst when assessing the health of the markets. Risk appetite has extended its steady advance for yet another week; but the confidence that supports this trend grows increasingly taxed from a fundamental perspective with each day.


Full Article (posted by Ali)

US Dollar Forecast to Lose Further on Sentiment Extremes

EURUSD – Euro Forecast Remains Bullish on Sentiment Extremes
GBPUSD – British Pound Forecast to Lose Further
USDJPY – Japanese Yen Predicted to Rally vs US Dollar
USDCHF – Swiss Franc Trading Bias Strongly Bullish on Sentiment
USDCAD – Canadian Dollar Forecast to Gain Further

Full Article

Special Reports, Special Currency Reports, Foreign Exchange Reports, FX Reports, Forex Insights

Saturday, 05 September 2009 00:41:46 GMT
NFPs Stoke Volatility but what will Supply the Dollar with Direction? (Forex Video)
Written by John Kicklighter, Currency Strategist and Jaclyn Sales

Friday, 04 September 2009 01:59:57 GMT
Currency Market and Risk Appetite will Rediscover Volatility and Direction Soon
Written by John Kicklighter, Currency Strategist

Friday, 4 September 2009 06:09:19 GMT
Tech Talk 09.04.2009
Written by Joel Kruger, Technical Currency Strategist

Friday, 04 September 2009 13:07:55 GMT
US Dollar Extremely Choppy After US Non-Farm Payrolls Fall By Least in a Year, Unemployment Rate Surges to 9.7%
Written by Terri Belkas, Currency Strategist

SPECIAL :- Currency Market and Risk Appetite will Rediscover Volatility and Direction Soon

Risk appetite has diminished for months; yet the positive bias behind the capital markets has not faltered whilst traders sought out the fundamental fuel for the next trend. However, we may see a resolution on both the direction and intensity of sentiment soon as the technical and fundamental pressures build to a breaking point behind the scenes.

Full Article (POSTED BY ALI)

Weekly Classical Outlook: A Technical Overview of the Major Currencies

Euro could be reaching apex of rising wedge
• Dollar/Yen remains locked in intense downtrend
• Cable attempting to carve major h&s top
• Dollar/Swiss seen bouncing from range lows
• More Inside……
Full Article (posted by ali)

US Dollar May Finally See Break from Summer Ranges as Liquidity Returns

The US dollar, British pound, and commodity dollars face potential for major moves and significant breakouts from summer ranges next week due to the combination of the post-holiday return of liquidity, rate decisions from the Reserve Bank of New Zealand, Bank of England, and Bank of Canada, along with Australian employment and US consumer confidence reports.


Full Article

US Dollar May Finally See Break from Summer Ranges as Liquidity Returns

(Forex Weekly Trading Forecast - 09.07.09)

US Dollar: Will a Recovery in Liquidity Usher in a Breakout?
Euro Forecast to Range Trade Against US Dollar on S&P Choppiness
Japanese Yen Range Bound, but Rising Liquidity Could Force Breaks
British Pound May Find Relief from Dire Growth Outlook Through Risk
Swiss Franc Continues To Be Driven By Technical Levels
Canadian Dollar Volatility Ahead on Rate Decision, Risk Trends
Australian Dollar Poised to Test Yearly High on Rate Expectations
New Zealand Dollar Strength May Be its Own Undoing
Full Article

The US dollar, British pound, and commodity dollars face potential for major moves and significant breakouts from summer ranges next week due to the combination of the post-holiday return of liquidity, rate decisions from the Reserve Bank of New Zealand, Bank of England, and Bank of Canada, along with Australian employment and US consumer confidence reports.
Full Articl poted by ali

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most important indicator today

Traderess
seioner member
The personal consumption expenditure from the U.S. should decrease from privious call, might create some impact, probably not that much as there's a long weekend ahead of us due to memorial day on Monday in the U.S.
Pitviper
seioner member

Traderess, if it was a normal week we might have some movement. But really the most important indicator today is the Bud indicator. This is the indicator that traders in Chicago and New York use on the Friday before a three day weekend to determine whether the leave at 12:00, 1:30, or 2:15 PM. If it is a 6 pack they leave at 2:15, but if it is a full keg, then they would leave at 12:00.


The ever carnivorous and bar-b-qing PITVIPER

Forex News Canadian Dollar Climbs on Employment Data

After being traded in the lowest rate in almost two months, the Canadian dollar rallied sharply today on a report that indicated an increase in job numbers in the country, surprising analysts and traders positively.
posted by ali

XE Forex Rates at 2009-08-29 13:00 UTC

This table includes hourly currency rates. To view live exchange rates or use our currency calculator, click here

MORE FOREX NEWS

XE Forex Rates at 2009-08-29 19:00 UTC
Vietnam raises oil product prices by up to 8.3 pct
XE Forex Rates at 2009-08-29 18:00 UTC
XE Forex Rates at 2009-08-29 17:00 UTC
Burundi boosts state spending by 2.7 percent

Forex News and Rumors - Afternoon Update

Lower Risk Appetite Hurts Loonie
After opening in positive territory, the Canadian dollar lost ground to the US dollar as a growing aversion to risk had investors returning to the US dollar. By 12:20 p.m. today, the Canadian dollar was at C$1.0898 to the U.S. dollar, or 91.76 U.S. cents, down from C$1.0856 to the U.S. dollar, or 92.11 U.S. cents, at Thursday's close. More
Moody's Says US Aaa Credit Rating "Stable"
Moody's Investor Service said today that the US credit rating remains deserving of its Aaa designation. Moody's identified the U.S.’s ability to cope... Read more »
Filed under: Forex Trading News and Rumors

Intraday Market Thoughts @ 21:38 ET

Ashraf Laidi
Since I am on vacation, I thought I'd share this GBPUSD chart from August 7th, which shed a bright light on things to come http://twitpic.com/ d1r81Frequent readers of the articles were often told of ... (Aug 27, 2009)
Oil-to-gas Ratio Will Stay Extraordinarily High For Sometime
Prices at producer level have declined from September to October in the United Kingdom, while the year on year increases have been milder than the ones posted in the previous months, according to figu... (Aug 27, 09)
MARKET NEWS POSTED BY ALI
Prelude to stagflation? Transition from crisis to stagflation
Now that we are just about 2 years into the world financial/credit crisis, it's time to ask what is next in one or two years. One is to ask will stagflation emerge in 2010 and after, which is highly ... (Aug 27, 09)

Indian Market Likely To Open Lower
The Indian stock market is likely to lower on Thursday following the weak global cues. Also, Investors may resort to profit taking after five straight sessions of gains. Volatility is likely to remai... (Aug 27, 09)

Month end time expected market moves

Dr.S.Sivaraman
Last week of the month the trend reversal moves are seen. During last week and first week of new month the market is expected to make very high volatile moves. (Aug 26, 2009)
Curb Your Construction Enthusiasm
Prices at producer level have declined from September to October in the United Kingdom, while the year on year increases have been milder than the ones posted in the previous months, according to figu... (Aug 26, 09)

U.S. Federal Budget, in Pictures
Some very handy graphics via the New York Times, in "Quicken style" presentation.The first two pie charts are simply displaying "Revenue" versus "Expenses".... to be more representative the size of th... (Aug 26, 09)

Fitch Maintains Stable Outlook On Singapore Banks' Ratings
Wednesday, Fitch Ratings said in a report that the stable outlook on Singapore local banks' 'AA minus' credit ratings have been maintained. (Aug 26, 09)

(FOREXPERT) Full steam ahead…to nowhere?

POSTED BY ALI

The tone from Jackson Hole was pretty much as had been expected as global central bankers warned of the bumpy road ahead while claiming that the recession appears to be over. There feels a nagging dou... (Aug 24, 2009)

AUD/USD - Re-Approaching 11-Month High

POSTED BY ALI
After approaching strong resistance right below 0.8500 a few times since the beginning of the month, price action on AUD/USD is once again approaching that resistance level. This occurs after price di... (Aug 24, 2009)

FOREX RATES Pakistan Open Market Forex Rates Updated at : 24/8/2009 8:44 PM (PST

Currency Buying Selling

Australian Dollar 68.80 69.80
Canadian Dollar 76.00 77.50
China Yuan 12.00 13.50
Euro 118.00 119.50
Japanese Yen 0.8550 0.8650
Saudi Riyal 21.95 22.35
U.A.E Dirham 22.45 22.70
UK Pound Sterling 136.00 137.50
US Dollar 82.75 83.15

Bernanke says U.S. economy on cusp of recovery

AP - Federal Reserve Chairman Ben Bernanke declared Friday that the U.S. economy is on the verge of a long-awaited recovery after enduring a brutal recession and the worst financial crisis since the Great Depression.

July home sales surge more than 7 percent (AP)
Karzai, Abdullah teams claim wins in Afghan vote (AP)
Poll: Americans losing confidence in Obama (AP)
Cash for Clunkers to end on Monday (AP)
Bermuda, US coast warned as Bill stays offshore (AP)
» More News

Dollar Gears Up for Assault on 1.4000 Euro

DailyFXDollar Gears Up for Assault on 1.4000 EuroTue, 18 Aug 2009 10:04:00 -0400By Jamie Saettele, Senior Currency Strategist strategist@dailyfx.com Dollar weakness has been met with strong demand and... (Aug 18, 2009)

Euro fails to take the lead from ZEW survey

Tuesday's pre-market trading was buoyed by a reprieve for Asian stock markets, whose decline was stemmed by the feeling that prices had decayed enough. A better tone for German confidence among invest... (Aug 18, 2009)

Euro Reverts Losing Trend on Confidence

The euro stopped its decline versus the yen and the dollar today as optimism reappeared in Europe after a report indicated that German business confidence had the highest rise in more than a year, spurring demand for the Eurozone currency in forex markets.

Posted in Euro | No Comments »

Pound Climbs on Unexpected Inflation

August 18th, 2009
The pound had a positive performance today after U.K.’s inflation did not decline as specialists suggested, bringing optimism that the British recession might be easing since difficult periods tend prices to decrease inflation and eventually reach deflation.

Posted in Great Britain Pound |

Forex Premium Trading

Forex Premium Trading is a mentoring and coaching company built by Roland Campbell and designed to personally address all of your currency trading needs. ...
Trade Idea: EUR/USD - Sell at 1.4160
Forexrazor - ‎35 minutes ago‎
High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work ...
A Tale of Two…Tales - Has Risk Run Its Course?
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Chart of the Day – GBP/USD
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Forex trading involves substantial risk of loss and is not suitable for all investors. FX Solutions, LLC® assumes no responsibility for errors, ...
FACTBOX-Past US laws to curb commodity speculation
Forbes - ‎32 minutes ago‎
Aug 17 (Reuters) - The US government wants to boost oversight of commodity markets by increasing regulation of over-the-counter derivatives, clamping down ...

Forex Weekly Trading Forecast - 08.17.09

US Dollar: Is This the Turn Markets Have Been Waiting For?
Euro: How Strong is the Economic Recovery?
Japanese Yen Conflicted as Risk Trends Mix With Key GDP Report
British Pound Still Reeling from QE News, UK CPI May Weigh Further
Swiss Franc Reversal Nearing As Range Bound Price Action Continues
Canadian Dollar Under Pressure as Sentiment Sours, Intervention Mulled
Australian Dollar May Strengthen as RBA Sees Scope For Higher Rates
New Zealand Dollar May Have Set 2009 High on S&P Turnaround

Full Article

ECONOMIC INDICATOR ,s

Reuters/Univ Michigan Mid−Aug Sentiment 63.2; Jul 66.0 by Dow Jones

The Reuters/University of Michigan preliminary August consumer sentiment index, released Friday, moved to 63.2 from 66.0 in July and 70.8 in June. Economists surveyed by Dow Jones Newswires had expected the index to rise to 69.0 in August.

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