Currency News

Bargain Shopping

Posted October 29, 2008

The US DJIA stock market saw its 2nd biggest point gain in it its history. The huge upward swing was a sign bargain hunters are starting to buy again.


Just a Simple Yes or No Would Do

Posted October 29, 2008

The yen began to hold firm against the US dollar for the first time in 6 days. The confusing information in the marketplace is one of the reasons there are so many big swings right now.


The Devil’s in the Details

Posted October 27, 2008

The credit markets are slowly responding to the injection of liquidity into the financial systems. But the benefits are being offset by fears of a global recession.


Where’s the Fire Sale?

Posted October 24, 2008

Even though credit markets are showing signs of loosening, the bad economic news around the world is dragging currencies down. The US dollar continued to strengthen against all major currencies except the yen as traders keep looking for safe investments.


Heart Stopping Market Action

Posted October 23, 2008

Stock markets around the world declined as investors continue to respond to fears of a global recession. The dollar strengthened against all major currencies except the yen.


The Bank of England Governor Says It’s True

Posted October 22, 2008

The economic markets are now grappling with how to respond to the global recession. The stock markets dropped on 21/October/2008 as the dollar continued to strengthen against world currencies.


Is This Normal or Is the World Crazy?

Posted October 21, 2008

Major global stock markets rose on Monday, 20/October/2008, as credit markets began to show some signs of easing. The dollar rose against the euro, the British pound, the Swiss franc and the Canadian dollar as economies continue to deal with the financial crisis.


The Jigsaw Puzzle

Posted October 21, 2008

The world was taken by surprise when the Swiss government announced it would be taking a 9% stake in UBS. Hungary faces a financial crisis due to financing debt with foreign currency loans.


Ordinary News

Posted October 21, 2008

The Down Jones Industrial Average ended 16/October/2008 on a surprising up note. This only serves to reflect the continuing confusion and uncertainty marking the trader actions at this point.


Boldly Go Where No Man Has Gone Before

Posted October 21, 2008

The currency markets have a certain surreal air about them right now because it seems no matter what steps the global government finance agencies take, the markets continue to decline. Yet the politicians in the US claim they are taking “bold steps” to prevent further declines.


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