Alerts Feed
Alert - 16:55 (CET) - Axel Weber qualifies rate cuts debate as "premature"
The Euro is rebounding from 6-months low against the Dollar, as a consequence of Axel Weber, member of the European Central Bank (ECB), statements. The current debates whether the ECB is ready to cut rates has been qualified by Weber as "premature". The EUR/USD is trading at 1.4709 , ranging between 1.4633 and 1.4776 . A few hours ago, the par recovered all of yesterday's lost...

Alert - 16:40 (CET) - UsdNok
The UsdNok (dollar against the Norwegian crown) is trading at 5.3903 , ranging between 5.3633 and 5.4248 . In the hourly graphics, the 20- and 50-day  Exponential Mobile Averages ( EMA ) are over the 200-day EMA . As the price broke the resistance at 5.2602 (June 13th high), the traders are watching the next at 5.4123 (February 18th high) and 5.5745 (February 7th high)....

Alert - 15:50 (CET) - Gustav storm takes shining away from Gold
The worries about how the Gustav storm will develop are still present in the crude markets, causing the barrell price to quote at 119.27 dollars. This session, the pair has been ranging from 115.65 to 119.63 , over yesterday's close at 116.27 . As one can see in the graphic, the Gold (yellow line) and the crude oil barrel (white line) are highly correlated. When the oil rises or declines,...

Daily Forex Snap-Shots
Late US Session-Dollar Bulls On Hold Ahead of US GDP Data

G10 Advancers and Decliners vs USD Nzd 0.09 Nok -0.01 Cad -0.09

The Usd saw a slight pullback in the US trading session, but regrouped in the latter part of the day. The EurUsd fell 70 pips to the low 1.47 level, while the UsdJpy gained 20 pips to the mid 109 price area. The GbpUsd slid 57 pips, trading with a 1.83 handle on strong economic data expected out of the US tomorrow. Equity markets rallied in the US, despite halted trading in Fannie Mae towards...

US Session-Oil rose putting light pressure on the Dollar

G10 Advancers and Decliners vs USD

The Usd traded marginally lower against most of the G10 in the early US session. The EurUsd rose a bit over 60 pips trading at the low 1.47 level, while the UsdJpy is hovering around the previous closing price of the mid 109 price. The GbpUsd is slightly higher up 15 pips at the low 1.84 level, with little support to make a drastic move either direction with light news out of the region. ...

Asian Session - Crude Rally Spoils Usd Strength

G10 Advancers and Decliners vs USD JPY 0.54 EUR 0.36 CHF 0.32 GBP 0.23

The Usd pulled back slightly in Asian session, as crude prices rallied. The EurUsd traded up to 1.4743, before sliding below the 1.4700, while UsdJpy dropped temporarily below the 109.00 figure, before stabilizing around 109.20. Crude oil prices rose above $117.00bbl (from $112.40bbl yesterday lows), as concerns of a tropical storm growing strengthened. Should the storm build to hurricane...

Economic news - CNNMoney.com
The economic growth mirage
Despite all the talk about the U.S. economy falling on hard times this year, experts are predicting that the economy grew at a more solid pace during the second quarter.

Manufacturing saves the day for now
For the second straight month, a key measure of manufacturing activity rose at a much higher than expected rate.

Bankruptcies surge to 1M - up 29%
As things in the economy have gotten worse, the number of people and businesses heading to bankruptcy court has spiked.

Yahoo! Finance: Economic News
Durable goods post strong gains in June, July (AP)
U.S. factories saw a surprisingly hefty increase in their orders for big-ticket products in July, reflecting continued strength in export sales and a boost to business investment from the government's tax stimulus package.

The CFO Group Reports Positive Results for Second Quarter (Business Wire)
NEW YORK----The CFO Group, an Economist Group Business, reports positive results for the second quarter ending June 2008. "CFO magazine is performing very well in a difficult year for B2B media, with display pages holding at previous-year levels," said general manager and publisher Frank Quigley.

Caterpillar sees soft economy stretching into 2009 (Reuters)
Caterpillar Inc expects weakness in rich-country economies to persist into 2009 but its sales in China remain strong, Jim Owens, chairman and chief executive of the U.S. construction and mining equipment firm, said on Thursday.

BBC News | Business | Economy | World Edition
British workers 'fear job losses'
More than one in 10 British workers fear they will lose their job in the next year because of the economy, the TUC says.

US household incomes fail to grow
The average household in the US is no richer now that six years ago despite strong economic growth.

World poverty 'more widespread'
The World Bank says there are more poor people in the world than previously thought, with one in four in poverty.

Latest stock market news from Wall Street - CNNMoney.com
Stocks gain on durables
Stocks rallied Wednesday, with financial services companies among the big gainers, as investors shrugged off higher oil prices and instead focused on a surprisingly strong reading on durable goods orders.

Manufacturing saves the day...for now
For the second straight month, a key measure of manufacturing activity rose at a much higher than expected rate.

Dollar reverses course on rising oil
Read full story for latest details.

MarketWatch.com - Stocks to Watch
Stocks to Watch: Stocks in focus for Thursday
Among the companies whose shares are expected to see active trade in Thursday’s session are Dell Inc., Sears Holdings Corp., and Tiffany & Co.

Stocks to Watch: Stocks in focus for Wednesday
Among the companies whose shares are expected to see active trade in Wednesday’s session are Dollar Tree Inc., Men’s Wearhouse Inc., and TiVo Inc.

Stocks to Watch: Stocks in focus for Tuesday
Among the companies whose shares are expected to see active trade in Tuesday's session are Big Lots Inc., Smithfield Foods Inc. and J. Crew Group Inc.

MarketWatch.com - Top Stories
Earnings Watch: Updates, advisories and surprises
A roundup of the latest corporate earnings reports and what companies are saying about future quarters.

Pakistan stocks rise after Exchange sets price floor
HONG KONG (MarketWatch) -- Pakistani shares climbed Thursday, shrugging off a mixed performance for regional equities, on the first day of trading since securities regulator said they have set a floor for the Karachi Stock Exchange, whereby shares are not allowed to trade below their closing level as of Wednesday.

Asia Markets: China Mobile, Esprit drag Hong Kong stocks
Asian indexes were mixed Thursday, with the Hong Kong market declining as heavyweight stock China Mobile and fashion retailer Esprit Holdings tumbled on broker downgrades and worries about their earnings outlooks.

MSNBC.com: Stocks & economy
Stocks back off session highs, but still end up
Wall Street ended trading sharply higher Wednesday after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods.

Mortgage mess puts more banks at risk

The mortgage mess that has upended millions of homeowners’ finances is now taking a bigger bite out of the nation’s banking system.

Gustav may hike gas before Labor Day weekend

The brief respite for consumers at the gasoline pump may come to an abrupt end if Tropical Storm Gustav slams into the petroleum-rich Gulf Coast and its numerous refineries, just as Americans begin packing up cars for the Labor Day weekend.