Australian retail turnover in the third quarter, adjusted for inflation, rose 0.1 percent in the third quarter. This is sharply lower than the 0.4 percent that analysts had been expecting. Retail sales for the second quarter were revised to show a d forex news :: view details »

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The slowing pace of economic growth is clearly having an impact on price pressures in the U.S. Headline CPI posted its largest monthly decline ever, with a 1.0% M/M drop in October. That pushed headline CPI lower to 3.7% Y/Y from 4.9% Y/Y in Septemb forex news :: view details »

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U.S. housing starts declined to 791K in October, following the upwardly revised 828K new homes constructed the month before (previously reported as 817K). The decline, however, was less than the drop to 780K expected by the markets, but nonetheless forex news :: view details »

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The fifteen nation currency managed to climb higher against the US dollar as investors' tended to buy back the high yielding assets; the euro reached a high of 1.2637 levels after it breach 1.2567 trend line but it did not have enough momentum to cl forex news :: view details »

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The DOW and S&P made new closing lows for the credit crisis on Thursday after the Federal Reserve said the economy could contract through the first half of 2009. Also, the Labor Department said earlier that prices in October declined the most since forex news :: view details »

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Overall, the currency market made some huge moves yesterday, in the U.S. session, despite that during the overnight session the majors had barely moved. Even though the major pairs found the strength to break from the range they developed earlier, s forex news :: view details »

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U.S. Dollar Trading (USD) rallied late in the day as US equities weakened considerable into the US close. 8000 was once again tested on the Dow and the market closed close to this level as Citibank slumped and concerns over GM and Jobs rattled inves forex news :: view details »

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Gloom about job prospects was mostly responsible for a five-point drop in Belgian consumer confidence to -22 in November from -17 in October. The unemployment component of the index worsened by 16 points from October and by 50 points from November 2 forex news :: view details »

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The financial markets have been very schizophrenic today indicating that investors are still nervous. It was another roller coaster session in US equities with the Dow hitting a 5 year low shortly after the market open, recovering all of those losse forex news :: view details »

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U.S. Dollar Trading (USD) strengthened on the back of rising risk aversion as stocks came under severe selling pressure. New 11 ½ year lows on the S&P were seen as concerns about the looming recession weighed. Weekly Jobless Claims jumped to 542K vs forex news :: view details »

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The Dollar dropped against Yen on Thursday, pushed by Wall Street's plunge as fears of a worldwide downturn that was much deeper than initially thought made investors shift in the safer assets. Meanwhile, Dollar and Yen rose against the Euro and oth forex news :: view details »

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After another brutal sell off during the US session, equities in Asia and Europe staged a U turn bounce on rumors that Citibank may be looking for a buyer. Citibank whose stock sank to $5 per share and whose board meets today is facing enormous pres forex news :: view details »

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