Search
Forex News and Rumors - Afternoon Update - OANDA Forex Blog
Ron Paul: Federal Reserve's $200 Billion Injection
Even Cavuto realizes Ron Paul is a "true fiscal conservative". And WE TOLD YOU SO..... Dollar Falls to Record Low on Concern Fed Package Won't Succeed March 12 (Bloomberg) -- The dollar fell to a record below $1.55 per euro as firms from Citigroup Inc. to Goldman Sachs Group Inc. said the Federal Reserve's plan to inject $200 billion into the banking system may fail to break the freez More.. e in money-market lending. The U.S. currency erased yesterday's 1.6 percent rally versus the yen, which came after the Fed said it would lend Treasuries to financial institutions and take mortgage debt as collateral. Traders bet the Fed will cut rates by as much as three quarters of a percentage point next week to avert a recession, while the European Central Bank keeps borrowing costs unchanged at 4 percent. ``It's difficult for the dollar to gain traction,'' said Paresh Upadhyaya, who helps manage $50 billion in currency assets as a senior vice president at Putnam Investments in Boston. ``The Fed is probably running out of options; the market is fixated on interest-rate differentials, which are clearly negative for the dollar.'' The dollar fell to $1.5560 per euro, the weakest since the euro's 1999 debut, and traded at $1.5546 at 3:32 p.m. in New York, from $1.5338 yesterday. It tumbled the most since January 2006. It sank to 101.79 yen from 103.42, within a half-yen of an eight-year low. The yen advanced to 158.16 per euro from 158.61. The dollar set a record low for the 10th trading day in 12. It has lost 3.5 percent since Feb. 26, when Fed Vice Chairman Donald Kohn said credit-market turmoil and slower growth pose a ``greater threat'' than inflation. The comments drove the euro above $1.50 for the first time. `Good Buy' The U.S. currency tumbled today even as central bankers attempted to lend it support. ECB President Jean-Claude Trichet said he's concerned about excessive currency moves, after the euro's 17 percent surge in the past year threatened exports. The ``dollar is a good buy'' at the moment, Saudi Arabian central bank Governor Hamad Saud al-Sayari said today. They spoke at a press conference in Mainz, Germany. ``There is no sign the dollar is finding a bottom here,'' said Brian Dolan, research director at Forex.com, a unit of currency trading firm Gain Capital in Bedminster, New Jersey. ``It's going to take some official involvement, such as a G-7 coordinated move to stem the decline.'' G-7 officials from the U.S., Japan, Germany, the U.K., France, Italy and Canada, meet next month. The group coordinated purchases of euros in 2000 when the currency was at a record low versus the dollar. Bloomberg users in the U.S. grew more pessimistic about the dollar for a fourth straight month, according to a Bloomberg survey. `No Room' The ECB's main rate is 1 percentage point above the Fed's 3 percent target for overnight loans between banks. ECB council member Axel Weber yesterday said that he sees ``no room'' to lower rates. Traders bet the Fed will cut its rate as much as 0.75 percentage point on March 18 to avert a recession. The likelihood of a reduction to 2.25 percent was 78 percent, according to futures on the Chicago Board of Trade. The balance of bets is on a cut to 2.5 percent. The euro extended its climb against the dollar earlier after a European Union report showed industrial production in the region increased for the first time in three months in January. The yen climbed against more than a dozen major currencies, including a 2 percent gain versus South Korea's won, as a government report showed Japan's economy grew an annualized 3.5 percent last quarter, faster than the 2.3 percent median forecast of economists surveyed by Bloomberg News. U.K. Budget The dollar dropped to $2.0264 per U.K. pound from $2.0064, and to 1.0155 Swiss francs from 1.0335. Two-year U.K. bonds fell the most in a decade after Chancellor of the Exchequer Alistair Darling said the U.K. government will raise taxes and borrow an additional 20 billion pounds ($40 billion) in the next four fiscal years as higher credit costs slow economic growth. The euro interbank offered rate for three-month euro loans rose a seventh day, by 1 basis point to 4.61 percent, the highest since Jan. 7, the European Banking Federation said. Policy makers in the U.S., U.K., Canada, Switzerland and the euro region agreed yesterday on a second round of emergency- loans to curb rising money-market rates, on top of the Fed loans. `Not a Panacea' The collapse of the U.S. subprime mortgage market has caused losses and writedowns of $190 billion at the world's biggest financial institutions, according to data compiled by Bloomberg. Concerted action announced Dec. 12 temporarily eased the shortage of cash in money markets. The Fed's measures are ``not a panacea, more like an aspirin for the dollar,'' analysts led by Daniel Tenengauzer, New York-based head of global currency strategy at Merrill Lynch & Co., wrote in a research note today. ``There is a reasonable risk that this Fed move reflects the depth of their concern with U.S. asset markets, not a Fed formula to resolve U.S. asset- market difficulties.'' The dollar may decline to $1.57 per euro by the end of this month, according to a Merrill Lynch forecast released March 6. Goldman Sachs analysts said in a report that ``we are not convinced that yesterday's move will solve all the multiple challenges facing credit markets and the financial system.'' Citigroup said ``credit concerns are likely to persist and averting a drawn out recession is becoming increasingly challenging.'' The Dollar Index traded on ICE Futures in New York, which compares the currency to those of six trading partners, declined to a record low of 72.25. The Fed move ``is a strong attempt to stabilize a crisis,'' Henry Kaufman, president of Henry Kaufman & Co. in New York and the former chief economist at Salomon Brothers Inc., said in a Bloomberg Radio interview yesterday. ``Dollar weakness is critical only if it becomes disorderly, and so far in the price movements we haven't seen real gapping taking place.'' http://www.bloomberg.com/apps/news?pid=20601087&sid=amCKjxCgFR7o&refer=worldwide How much more proof do you need? Vote Ron Paul. Less..
how To Make Money Online with Cruise to Cash($2000 On a Sunday)
http://www.CruisetoCashEmpire.com http://www.PerfectWealthClub.com Work from home FREE FAST CASH WITH NO SELLING make money online no joke make some money with me Work from home FREE FAST CASH WITH NO SELLING make money online no joke make some money with me Work from home FREE FAST CASH WITH NO SELLING make money online no joke make some money with me Work From Home - Forex Generate $1000+/week trading currencies. No commissions.Process Rebates From Home Make $117,000 per Year $250 per Day to Start, Guaranteed! Canada Work at Home $40/h Earn by giving opinions. It's easy.No fees. Live help. Start now 2008 Top 10 Work At Home Top 10 Work From Home Jobs - $50/hr Fully Researched & Reviewed Jobs Moms Working From Home Find out more about the 2008 Regal Opportunity! Job Available $600 Weekly Work From Home For Free Workers Apply Today No Experience Needed Work from Home Turn $2000 into a $20k/mo. Income Real "Business-In-A-Box"-No Selling Work From Home? I Sponsored 406+ in Under 6 Months Now, Let me DO it For You 100% Free BBB Alerts & News Even though the old work-at-home scams have taken on a modern twist, the typical profile of ... ASSEMBLY WORK AT-HOME: Typical Ad -- "Assembly work at home! ... Work at Home & Make Money Online in 8 Simple Steps! (FREE Video) FREE video outlines proven THIRD EDITION 8-step training manual (and new companion video series) teaches you how to work at home on your computer and earn ... Work At Home :: Home Business and Telecommute jobs Work at home jobs, home business, work at home ideas and more. Home Based Working Moms. Work At Home, Home Business Central Work at home, home business ideas, opportunities, networking, support. The most complete work at home site. Featured on CBS News, Business Week. Work at Home Earn Money Work From Home Earn Money at Home funny youtube advertising actually free traffic Earn Money at Home funny youtube advertising actually free traffic<
Forex News and Rumors
Hungary’s Foreign-Credit Rating Cut Moody’s Investors Service has reduced Hungary’s foreign-credit rating by one level to A3 based on growing concerns over the country’s ability to service its debt. The A3 rating is considered to be a … View post: Forex News and Rumors
XE.com - - Forex News | Currency News
WINNIPEG/TORONTO, Nov 14 (Reuters) - Canada's industry minister said on Friday that a co-ordinated U.S.-Canada bailout package for the struggling auto industry may be possible, and he plans a fact-finding trip to Detroit and Washington ...
Forex Automated Trading Signals Buy US Dollar Against Canadian ... - Daily FX
What I Like About USD/CAD
I don’t often post trade calls on my blog (since I usually reserve that for BKT Subscribers). Last week, I called for a rally in EUR/GBP following the ECB and BoE rate decisions and now I am seeing a decent medium term opportunity in USD/CAD. From a fundamental and technical perspective, the odds [...]
Forex News and Rumors - Afternoon Update - OANDA Forex Blog
Birks & Mayors Reports Second Quarter Fiscal 2009 Results (Business Wire)
MONTREAL----Birks & Mayors Inc. , which operates 70 luxury jewelry stores across Canada, Florida and Georgia, reported results for the thirteen and twenty-six week periods ended September 27, 2008.
CP cites forex hit, ABCP charge, for earnings dip - Reuters
Forex News and Rumors - Afternoon Update OANDA Forex Blog, Canada - More Falling crude oil prices has caused Petro-Canada - the third largest oil company in Canada - to delay a $25.3 billion CAD project intended for the Fort ... |
Ron Paul: Federal Reserve's $200 Billion Injection
Even Cavuto realizes Ron Paul is a "true fiscal conservative". And WE TOLD YOU SO..... Dollar Falls to Record Low on Concern Fed Package Won't Succeed March 12 (Bloomberg) -- The dollar fell to a record below $1.55 per euro as firms from Citigroup Inc. to Goldman Sachs Group Inc. said the Federal Reserve's plan to inject $200 billion into the banking system may fail to break the freez More.. e in money-market lending. The U.S. currency erased yesterday's 1.6 percent rally versus the yen, which came after the Fed said it would lend Treasuries to financial institutions and take mortgage debt as collateral. Traders bet the Fed will cut rates by as much as three quarters of a percentage point next week to avert a recession, while the European Central Bank keeps borrowing costs unchanged at 4 percent. ``It's difficult for the dollar to gain traction,'' said Paresh Upadhyaya, who helps manage $50 billion in currency assets as a senior vice president at Putnam Investments in Boston. ``The Fed is probably running out of options; the market is fixated on interest-rate differentials, which are clearly negative for the dollar.'' The dollar fell to $1.5560 per euro, the weakest since the euro's 1999 debut, and traded at $1.5546 at 3:32 p.m. in New York, from $1.5338 yesterday. It tumbled the most since January 2006. It sank to 101.79 yen from 103.42, within a half-yen of an eight-year low. The yen advanced to 158.16 per euro from 158.61. The dollar set a record low for the 10th trading day in 12. It has lost 3.5 percent since Feb. 26, when Fed Vice Chairman Donald Kohn said credit-market turmoil and slower growth pose a ``greater threat'' than inflation. The comments drove the euro above $1.50 for the first time. `Good Buy' The U.S. currency tumbled today even as central bankers attempted to lend it support. ECB President Jean-Claude Trichet said he's concerned about excessive currency moves, after the euro's 17 percent surge in the past year threatened exports. The ``dollar is a good buy'' at the moment, Saudi Arabian central bank Governor Hamad Saud al-Sayari said today. They spoke at a press conference in Mainz, Germany. ``There is no sign the dollar is finding a bottom here,'' said Brian Dolan, research director at Forex.com, a unit of currency trading firm Gain Capital in Bedminster, New Jersey. ``It's going to take some official involvement, such as a G-7 coordinated move to stem the decline.'' G-7 officials from the U.S., Japan, Germany, the U.K., France, Italy and Canada, meet next month. The group coordinated purchases of euros in 2000 when the currency was at a record low versus the dollar. Bloomberg users in the U.S. grew more pessimistic about the dollar for a fourth straight month, according to a Bloomberg survey. `No Room' The ECB's main rate is 1 percentage point above the Fed's 3 percent target for overnight loans between banks. ECB council member Axel Weber yesterday said that he sees ``no room'' to lower rates. Traders bet the Fed will cut its rate as much as 0.75 percentage point on March 18 to avert a recession. The likelihood of a reduction to 2.25 percent was 78 percent, according to futures on the Chicago Board of Trade. The balance of bets is on a cut to 2.5 percent. The euro extended its climb against the dollar earlier after a European Union report showed industrial production in the region increased for the first time in three months in January. The yen climbed against more than a dozen major currencies, including a 2 percent gain versus South Korea's won, as a government report showed Japan's economy grew an annualized 3.5 percent last quarter, faster than the 2.3 percent median forecast of economists surveyed by Bloomberg News. U.K. Budget The dollar dropped to $2.0264 per U.K. pound from $2.0064, and to 1.0155 Swiss francs from 1.0335. Two-year U.K. bonds fell the most in a decade after Chancellor of the Exchequer Alistair Darling said the U.K. government will raise taxes and borrow an additional 20 billion pounds ($40 billion) in the next four fiscal years as higher credit costs slow economic growth. The euro interbank offered rate for three-month euro loans rose a seventh day, by 1 basis point to 4.61 percent, the highest since Jan. 7, the European Banking Federation said. Policy makers in the U.S., U.K., Canada, Switzerland and the euro region agreed yesterday on a second round of emergency- loans to curb rising money-market rates, on top of the Fed loans. `Not a Panacea' The collapse of the U.S. subprime mortgage market has caused losses and writedowns of $190 billion at the world's biggest financial institutions, according to data compiled by Bloomberg. Concerted action announced Dec. 12 temporarily eased the shortage of cash in money markets. The Fed's measures are ``not a panacea, more like an aspirin for the dollar,'' analysts led by Daniel Tenengauzer, New York-based head of global currency strategy at Merrill Lynch & Co., wrote in a research note today. ``There is a reasonable risk that this Fed move reflects the depth of their concern with U.S. asset markets, not a Fed formula to resolve U.S. asset- market difficulties.'' The dollar may decline to $1.57 per euro by the end of this month, according to a Merrill Lynch forecast released March 6. Goldman Sachs analysts said in a report that ``we are not convinced that yesterday's move will solve all the multiple challenges facing credit markets and the financial system.'' Citigroup said ``credit concerns are likely to persist and averting a drawn out recession is becoming increasingly challenging.'' The Dollar Index traded on ICE Futures in New York, which compares the currency to those of six trading partners, declined to a record low of 72.25. The Fed move ``is a strong attempt to stabilize a crisis,'' Henry Kaufman, president of Henry Kaufman & Co. in New York and the former chief economist at Salomon Brothers Inc., said in a Bloomberg Radio interview yesterday. ``Dollar weakness is critical only if it becomes disorderly, and so far in the price movements we haven't seen real gapping taking place.'' http://www.bloomberg.com/apps/news?pid=20601087&sid=amCKjxCgFR7o&refer=worldwide How much more proof do you need? Vote Ron Paul. Less..
how To Make Money Online with Cruise to Cash($2000 On a Sunday)
http://www.CruisetoCashEmpire.com http://www.PerfectWealthClub.com Work from home FREE FAST CASH WITH NO SELLING make money online no joke make some money with me Work from home FREE FAST CASH WITH NO SELLING make money online no joke make some money with me Work from home FREE FAST CASH WITH NO SELLING make money online no joke make some money with me Work From Home - Forex Generate $1000+/week trading currencies. No commissions.Process Rebates From Home Make $117,000 per Year $250 per Day to Start, Guaranteed! Canada Work at Home $40/h Earn by giving opinions. It's easy.No fees. Live help. Start now 2008 Top 10 Work At Home Top 10 Work From Home Jobs - $50/hr Fully Researched & Reviewed Jobs Moms Working From Home Find out more about the 2008 Regal Opportunity! Job Available $600 Weekly Work From Home For Free Workers Apply Today No Experience Needed Work from Home Turn $2000 into a $20k/mo. Income Real "Business-In-A-Box"-No Selling Work From Home? I Sponsored 406+ in Under 6 Months Now, Let me DO it For You 100% Free BBB Alerts & News Even though the old work-at-home scams have taken on a modern twist, the typical profile of ... ASSEMBLY WORK AT-HOME: Typical Ad -- "Assembly work at home! ... Work at Home & Make Money Online in 8 Simple Steps! (FREE Video) FREE video outlines proven THIRD EDITION 8-step training manual (and new companion video series) teaches you how to work at home on your computer and earn ... Work At Home :: Home Business and Telecommute jobs Work at home jobs, home business, work at home ideas and more. Home Based Working Moms. Work At Home, Home Business Central Work at home, home business ideas, opportunities, networking, support. The most complete work at home site. Featured on CBS News, Business Week. Work at Home Earn Money Work From Home Earn Money at Home funny youtube advertising actually free traffic Earn Money at Home funny youtube advertising actually free traffic<
Forex News and Rumors
Hungary’s Foreign-Credit Rating Cut Moody’s Investors Service has reduced Hungary’s foreign-credit rating by one level to A3 based on growing concerns over the country’s ability to service its debt. The A3 rating is considered to be a … View post: Forex News and Rumors
XE.com - - Forex News | Currency News
WINNIPEG/TORONTO, Nov 14 (Reuters) - Canada's industry minister said on Friday that a co-ordinated U.S.-Canada bailout package for the struggling auto industry may be possible, and he plans a fact-finding trip to Detroit and Washington ...
Forex Automated Trading Signals Buy US Dollar Against Canadian ... - Daily FX
Forex Automated Trading Signals Buy US Dollar Against Canadian ... Daily FX, NY - Our Forex Automated Trading Signals bought the US Dollar against it’s Canadian counterpart using the Momentum2 strategy. It also set a trailing-stop order ... Forex Trading Signals Update: Momentum Strategies Outperform, But ... Forex Trading Signals Suggest NZDUSD Sell |
What I Like About USD/CAD
I don’t often post trade calls on my blog (since I usually reserve that for BKT Subscribers). Last week, I called for a rally in EUR/GBP following the ECB and BoE rate decisions and now I am seeing a decent medium term opportunity in USD/CAD. From a fundamental and technical perspective, the odds [...]
Forex News and Rumors - Afternoon Update - OANDA Forex Blog
Forex News and Rumors - Afternoon Update OANDA Forex Blog, Canada - Meanwhile, Bank of Canada Governor Mark Carney hinted at further interest rate cuts. More Minutes of the last Bank of England meeting suggest that the Bank ... |
Birks & Mayors Reports Second Quarter Fiscal 2009 Results (Business Wire)
MONTREAL----Birks & Mayors Inc. , which operates 70 luxury jewelry stores across Canada, Florida and Georgia, reported results for the thirteen and twenty-six week periods ended September 27, 2008.
CP cites forex hit, ABCP charge, for earnings dip - Reuters
CP cites forex hit, ABCP charge, for earnings dip Reuters - Canadian Pacific, which has operations in both Canada and the northern United States, said it had revenues of C$1.26 billion in the quarter, up from C$1.19 ... |