Forex Word Press

USD mixed, trade deficit narrows as exports decline

Easy Forex — Thu, 11 Mar 2010 17:28:03 +0000

USD : Mixed, jobless claims decline, trade deficit narrowed by 6.6%, global recovery may be slowing JPY : Lower, Q4 GDP revised lower, BOJ ease speculation EUR : Higher, rumor of Russian intervention, SNB reaffirms its intervention policy GBP : Higher, inflation expectations at a two-year high CAD and AUD : AUD & CAD lower, China rate hike fears, Canada's capacity use and trade balance improve Overview The USD and JPY opened lower Thursday despite weaker equity market trade and a modest

Fast food chains face tomato famine

Economic news - CNNMoney.com — Thu, 11 Mar 2010 17:11:38 +0000

Fast food joints are scrambling to find alternate sources for one of America's favorite sandwich toppings after a winter freeze took a huge bite out of Florida's tomato harvest.

Health-care reform’s ‘back-door’ tax

Economic news - CNNMoney.com — Thu, 11 Mar 2010 17:10:00 +0000

The big talk on Capital Hill may be about health-care reform, but as part of this massive undertaking, the Democrats are quietly reshaping the tax system too. Tucked inside President Obama's latest health-care proposal is a major change to the Medicare tax.

Japan confirms strength of cyclical recovery

FT.com - Currency Markets News and Data — Thu, 11 Mar 2010 17:05:33 +0000

Japan's economy grew less than initially estimated in the fourth quarter of 2009 but the revised gross domestic product data unveiled were still cause for guarded optimism, said the government

Foreclosures leveling off

Economic news - CNNMoney.com — Thu, 11 Mar 2010 17:04:19 +0000

The national foreclosure rate fell 2% in February from a month earlier, according to an industry report released Thursday, the latest sign that the pace of foreclosures is slowing.

Unemployment claims show long-term problem

Economic news - CNNMoney.com — Thu, 11 Mar 2010 17:00:59 +0000

The number of Americans filing continuing claims for unemployment insurance spiked last week, the Labor Department said Thursday, as sluggish hiring continues to drag on the labor market's recovery.

Comprehensive FX and Futures Daily Commentary

FastBrokersFX — Thu, 11 Mar 2010 16:46:13 +0000

Daily Market Commentary EUR/USD Stays Range Bound Amid Protests in Greece Greece experienced another wave of protests today as the government looks to implement its aggressive austerity package. However, the Euro has shown little reaction to the protests since Greece is still expected to go ahead with the austerity measures despite public disapproval. Meanwhile, the EUR/USD is hold strong within its tight trading range as it stands strong above 1.35 and previous March lows. The EUR/USD has

No need to fear renminbi strength

FT.com - Currency Markets News and Data — Thu, 11 Mar 2010 16:08:50 +0000

Markets are overestimating the potential impact of an appreciation of the Chinese renminbi against the US dollar on other currencies, says Antje Praefcke

China data spur talk of further tightening

FT.com - Currency Markets News and Data — Thu, 11 Mar 2010 15:48:10 +0000

Pressure on Beijing to begin raising interest rates and to allow the renminbi to appreciate against the US dollar is set to rise as inflation jumped 2.7 per cent last month from a year before

Why the U.S. can’t inflate its way out of debt

Economic news - CNNMoney.com — Thu, 11 Mar 2010 15:37:07 +0000

It's dawning on people that getting a handle on burgeoning U.S. debt will be a long and hard process.