The Singapore economy is expected to grow 4.2% in 2008, downgraded from the 5.5% forecast in the June survey, the latest survey of professional forecasters published by the Monetary Authority of Singapore showed Wednesday. Read the rest of this entry »
Crude oil pared some of its losses but still closed Tuesday`s session below the key $110 mark. Light sweet crude moved to $109.71 per barrel, down $5.75 on the session. Oil fell to a fresh multi-month low of $105.46 in electronic trading as Gustav weakened without causing the damage many had feared. Read the rest of this entry »
Monday, the start of the week as well as the month of September remained busy with the release of survey data for the manufacturing sector for many European nations. Official data showed that the German retail sales continued to fall and UK mortgage approvals hit a record low in July. Read the rest of this entry »
Hurricane Gustav lashed the U.S. Gulf coast early Monday with torrential rains and winds after earlier roaring across Cuba and forcing thousands of Americans from Texas border to Alabama-Florida State line to flee the area. Read the rest of this entry »
The inflation report, issued Monday by TD Securities and the Melbourne Institute, showed a 0.1 percent increase in August.
On an annualized basis, the group put inflation at 4.2 percent. Read the rest of this entry »
Saturday, China`s yuan had its first monthly loss against the U.S. dollar since May 2006, owing to speculation that a drop in global demand would prompt the government to restrict currency gains to protect exporters, Xinhua reported. Government bonds rose. Read the rest of this entry »
Concerns about adverse financial sector developments combined with expectations of a moderation in inflation contributed to the Federal Reserve`s latest decision to leave interest rates unchanged, according to the minutes of the August meeting released on Tuesday. Read the rest of this entry »
Tuesday, the Reserve Bank of New Zealand released its quarterly report on the Survey of Expectations for the third quarter. Read the rest of this entry »
Jump Start is a free online Forex Trading Course that will help you earn 25 to 30 pips a day (or $25 to $300 per day) it is simple and straight forward showing you things like:
How to set up a demo account
How to use two confirming indicators
How to trade with indicator signals not price movement
How to trade with indicators so you can trade all of the currency pairs.
Jump Start is for beginners, experienced traders and anyone who wants to be a better trader.
The reason it is free is simple. They are trying to build your trust in their Forex knowledge. If they give you a strategy and it works then you will come back for more advanced strategies. They want to make money through sharing their knowledge and experience, but aren’t going to ask you to trust them simply because they say they are successful. They want you to see for yourself their simple strategies will make you money.
While Jump Start is designed to help you be successful in Forex Trading, it is meant to be a beginning for your trade plan, not the end.
It’s FREE so go check it out: Jump Start Forex Trading Strategy
US stocks were looking to finish the week on a high note on Friday, but early signals were mixed amid lingering credit concerns and rebounding commodity prices.
Stocks ended Thursday`s session in a mixed fashion, with a sharp rise in oil prices keep investors jittery throughout the session. Crude for October surged above $121 in its first day as the front-month contract, supported by concerns about potential supply disruptions stemming from rising tensions between the U.S. and Russia.
Oil inched slightly lower in early dealing Friday morning, slipping $0.59 to $120.60.
All eyes will be on Fed Chairman Ben Bernanke, who speaks at the Kansas City Fed`s annual economic symposium in Jackson Hole. Bernanke is scheduled to give opening remarks on financial stability at 10 a.m. ET.
Before the opening bell on Friday, AnnTaylor Stores (ANN) and Perry Ellis International (PERY) are scheduled to release their quarterly results.
Merrill Lynch & Co. Inc. (MER) said Thursday evening that it has agreed to redeem up to $12 billion of failed auction-rate securities and pay a fine of $125 million as part of a settlement it reached with the New York Attorney General and state securities. The firm also said that it has reached an agreement in principle with the staff of the Securities and Exchange Commission.
Clothing retailer Gap Inc. (GPS) announced on Thursday after the closing bell that its second quarter profit increased from last year, boosted by healthy margins and effective cost management. The company also reaffirmed its earnings outlook for the full year 2008.
Net earnings for the second quarter were $229 million or $0.32 per share, up from $152 million or $0.19 per share in the prior year quarter.
Asian stocks were mostly weaker on Friday, with Tokyo`s Nikkei losing 86 points and Shanghai Composite easing 26 points.
In European intraday dealing, the FTSE of the UK was up 49 points, the DAX of Germany was up 34 points, and the CAC of France was up 21 points.
Copyright © 2009 Forexsites