Monday, December 15, 2008
Industrial output fell in November as weakness in autos, other industries depressed activity Industrial
output fell slightly less than expected in November as manufacturers
continued to suffer from weakness in autos and many other areas that is
not expected to ease anytime soon.The Federal Reserve reported
Monday that industrial activity dropped by 0.6 percent in November.
Economists expected... [read more]
posted by fxgencurrency,
in economy, forexgen
@ 10:13 PM,
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Saturday, December 06, 2008
US, China promise to work together against global crisis, pledge $20 billion to finance trade
The United States and China pledged Friday to work together to tackle global financial turmoil as they wrapped up economic talks but left open whether the high-level dialogue will continue under President-elect Barack Obama.Ending
the fifth meeting of the two-year-old Strategic Economic Dialogue, the
two... [read more]
posted by fxgencurrency,
in forexgen, Global Crisis, US
@ 1:01 AM,
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Friday, December 05, 2008
China's currency slips against US dollar, raising questions over Beijing's policy directionThe
Chinese currency slipped Thursday against the U.S. dollar by the
maximum amount allowed, the fourth day of such declines, raising
questions about Beijing's commitment to a stronger yuan as U.S. and
Chinese officials met to discuss a range of economic issues.The
Chinese yuan was quoted at 6.8840 in mid-afternoon... [read more]
posted by fxgencurrency,
in Chinese currency, forexgen, Partnership
@ 1:52 AM,
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Thursday, December 04, 2008
There
remains potential for a large recovery back to the mid .70s given the 5
wave drop from the top (waves a and b of an a-b-c correction would be
close to complete).Bulls may attempt to ‘pick’ this bottom given that the AUDUSD has held above the October low.
[Partnership With ForexGen]
ForexGen offers three types of business partnerships:
*Introducing Broker
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*Money... [read more]
posted by fxgencurrency,
in Australian Dollar, forexgen, Partnership
@ 4:10 AM,
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Thursday, December 04, 2008
A
decline in the Chinese currency's value against the U.S. dollar after
months of hovering in a narrow range is threatening to bring the
long-simmering issue to full boil as U.S.-China economic talks get
under way in Beijing.In Washington, U.S. Treasury Secretary Henry
Paulson said Tuesday that Beijing must keep letting the yuan rise
against the dollar to help ease trade tensions with the United... [read more]
posted by fxgencurrency,
in China Currency, Forex market, forexgen
@ 3:54 AM,
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Wednesday, December 03, 2008
British Pound Remains Under Pressure Ahead of BOE Rate Cut as UK Construction PMI Falls to Record LowThe
British pound initially eased back on the release of UK construction
activity figures, but subsequently bounced back amidst broad US dollar
weakness.Focusing on the data on hand, construction PMI
plummeted to 31.8 in November from 35.1, signaling the worst
contraction in business activity since... [read more]
posted by fxgencurrency,
in British Pound, forexgen, Money Manager
@ 6:50 AM,
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Wednesday, December 03, 2008
Euro Edges Higher, Euro-zone Retail Sales Likely to DisappointThe euro continues to form a series of higher lows, suggesting EUR/USD could be forming some sort of intermediate bottom.Nevertheless,
intraday rising trendline support near 1.25 is a more significant level
that will be worth watching, as a break below may be followed by a test
of the October lows of 1.2328. Looking ahead, Euro-zone retail... [read more]
posted by fxgencurrency,
in Euro, forexgen, White Labels
@ 6:34 AM,
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Wednesday, December 03, 2008
US Dollar Holds To Wide Ranges, ISM Services Forecasted to Hit Record Low on Wednesday
The US dollar remains within the range it has held to since the start
of November, and for what it’s worth, day-to-day moves signal little
more than consolidation.
While it is possible that we will see a sharp correction lower in the
near-term, the long-term trend remains very much in favor of US dollar
strength... [read more]
posted by fxgencurrency,
in forexgen, Introducing Brokers, US Dollar
@ 6:09 AM,
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Wednesday, September 10, 2008
Normal 0 false false false EN-US X-NONE AR-SA MicrosoftInternetExplorer4 ... [read more]
Monday, September 08, 2008
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