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Tag: market
2008-11-14 16:35:07| Safehaven
What a wild day on stock markets yesterday! At one stage the Dow Jones Industrial Average plunged to below 8,000 to a five-year intraday low, but staged a spectacular rally late in the session to close 553 points (6.6%) up on the day.
2008-11-14 14:30:40| FXstreet.com The Foreign Exchange Market
Gold Rises in London as "World Needs Sound Money" to Counter Runaway US Government Debt THE WHOLESALE PRICE OF GOLD traded internationally jumped late-morning in London dealing on Friday, rising 5.4% from yesterday's three-week low against the Dollar and touching a five-week high above 500 an ounce for British investors. World equities caught up with one-half of Thursday's near-7% gain in US stocks, while crude oil ticked lower from $58 per barrel. Government bond prices rose, pushing 10-year
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london
2008-11-14 11:22:03| FXstreet.com The Foreign Exchange Market
"When the going gets tough, the tough go shopping..." The irony of the adage frequently applied to debt-laden US consumer that in part got the US into its present credit funk was on display in Thursday's US equity market rally. Bargain-hunters socked the bears with yet another short squeeze bear market rally on virtually no macroeconomic trigger, sending US indices up by over 6.5% across the board in spite of yet another dismal weekly jobless claims data in the US and confirmation of a
2008-11-14 09:31:45| FXstreet.com The Foreign Exchange Market
INTRA-DAY GBP/USD OUTLOOK : 1.4832 Updating time : 14 Nov 2008 08:24 GMT Although cable has retreated after intra-day anticipated rebound n further consolidation below 1.4932 res wud be seen, downside wud be ltd to 1.47 80/90 n yield another rise but abv 1.4910 needed to extend nr term upmove fm 1.4560 to 1.4932. Buy again on dips with stop as indicated, only below 1.4774 sup wud risk weakness to 1.4750... Range Forecast 1.4810 / 1.4855
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market
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forex
majors
2008-11-14 08:56:12| FXstreet.com The Foreign Exchange Market
INTRA-DAY AUD/USD OUTLOOK : +0.6550+ Updating time : 14 Nov 2008 07:47 GMT Despite intra-day strg retreat fm 0.6695 (Aust.) to 0.6525, aussie's subsequent rebound suggests as long as said sup holds, consolidation with upside bias is seen for gain to 0.6600/10 but abv 0.6634 is needed to signal pullback has ended. Buy on dips with stop as indicated, below risks retrace. of y'day's rally fm 0.6340 to 0.6470/80... Range Forecast
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market
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forex
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