The number of U.S. workers filing new claims for unemployment benefits soared again last week to its highest level in 16 years.

The Rupee pared most of its losses, ending weaker, on heavy intervention by RBI. The USD/INR pair ended at 50.19 from 50.01 yesterday.  The 6-month and 1-year forward premium was at 2.45% and 1.74% as compared at 2.48% and 1.80% yesterday.  The Swiss franc fell to its lowest levels against the Dollar since August 2007, after a surprise 100 bps rate cut by SNB. EUR/USD was at 1.253 from 1.2633 yesterday and GBP/USD was at 1.4843 from 1.4961 yesterday. USD/JPY was at 95.64 versus 96.74

The Rupee pared most of its losses, ending weaker, on heavy intervention by RBI. The USD/INR pair ended at 50.19 from 50.01 yesterday.  The 6-month and 1-year forward premium was at 2.45% and 1.74% as compared at 2.48% and 1.80% yesterday.  The Swiss franc fell to its lowest levels against the Dollar since August 2007, after a surprise 100 bps rate cut by SNB. EUR/USD was at 1.253 from 1.2633 yesterday and GBP/USD was at 1.4843 from 1.4961 yesterday. USD/JPY was at 95.64 versus 96.74

- The unremitting, disheartening economic news hammered US equity markets in the early going. The DJIA, S&P 500 and Nasdaq all traded at fresh multi-year lows. Indices are well off their worst levels and seen green, but around 10am the S&P 500 was 50% below its high in October, 2007, while the Nasdaq and DJIA were hitting levels last seen in early 2003. The latest bout of risk aversion was inspired by a toxic combination of deflation fears, Congressional inaction on the auto industry

Early this morning the Swiss National Bank cut its key interest rate this morning. The recession in the Euro Zone has weakened the Swiss economy to the point where the policymakers felt it was necessary to lower rates in an effort to stimulate the economy. Expectations are for the Swiss economy to continue to weaken further due to mounting pressure from the Euro Zone and Eastern European emerging markets. Earlier in the week the Swiss National Bank went on record stating that the U.S. Dollar is

(CEP News) Ottawa - The president of the Canadian Council of Chief Executives has called for closer co-operation between Canada and the U.S. to help them cope with the global economic crisis.

Forex traders, join the daily All Things Forex broadcast- a live one hour program covering Forex and major economic events, trend developments, research, analysis, ideas, education, live traders forum, interviews with some of the most respected names in the trading world, and much more.. In the broadcast today: The AUD- a "value trap" or an opportunity? We analyze recent trend developments, we discuss the new FX Options Trade Alert from Trading Central, and prepare for the trading session

Tis the season for walking it a winter wonderland as Jack Frost nips at your nose or other extremities but really what is the first true sign that winter is here? Is frost on your window pane? Perhaps that first snow flake. Nah. It's really the first withdrawal in natural gas storage silly. I mean winter has not really begun until we start cutting into that storage supply. Now I know my readers love when I talk crude oil and we will get to that (be patient). But sometimes we have to touch on

(CEP News) Toronto - Ontario Finance Minister Dwight Duncan said Thursday his government is considering "temporary solvency relief measures" to deal with concerns about pension plan shortfalls in the province.

EUR/SEK: Buy on "rumour" sell on fact - On 9 December this year's PPM money will be allocated to the savers' funds in the pension system. Total amount is SEK 27bn, in line with last year. - The PPM payment has been part of the flows that tend to be blamed for the seasonal depreciation of the SEK around year end together with financial institutions' allocations flows and thin liquidity - Part of the sum is placed in domestic assets, part in foreign dittos, partly currency hedged and partly not

(CEP News) - October was the worst month seen so far in the 14-month credit crisis, but according to regional reports released this week, the U.S. manufacturing sector is experiencing an even larger contraction in November.

• The Rupee pared most of its losses, ending weaker, on heavy intervention by RBI. The USD/INR pair ended at 50.19 from 50.01 yesterday.  • The 6-month and 1-year forward premium was at 2.45% and 1.74% as compared at 2.48% and 1.80% yesterday.  • The Swiss franc fell to its lowest levels against the Dollar since August 2007, after a surprise 100 bps rate cut by SNB. EUR/USD was at 1.253 from 1.2633 yesterday and GBP/USD was at 1.4843 from 1.4961 yesterday. USD/JPY was at 95.64 versus

HIGHLIGHTS: EURUSD: Price Failure Turns Attention To The 1.2330 Level - EUR traded back into its symmetrical triangle Wednesday to close at 1.2503 after an intra day upmove pushed it to as high as 1.2814... GBPUSD: Print Of Higher Level Rejection Candle Portends A Retest Of The 1.4558 Level - Backing off its Oct 24’08 low at 1.5265 Thursday and declining in early morning trading today now suggest a return  back to its YTD low at 1.4558 is now shaping up… Price Failure Turns Attention To

(CEP News) - The European Central Bank has room to cut interest rates further, according to Bundesbank President Axel Weber speaking in a panel discussion in Frankfurt on Thursday.

US Dollar Forecast to Advance versus Euro on Forex Sentiment
Daily FX, NY - 1 hour ago
Find our more in the DailyFX Forex Forum EURUSD – Currency trading crowds have recently bought the Euro against the US Dollar, and we forecast that the ...

Before buying your turkey and trimmings, plan and budget to keep costs under control.

USD/JPY : what is here to say? In times of turmoil yen loves misery. Translation : it is going to continue growing stronger for as long as equities slide , effected by the global economic slow-down. Technicians will continue shorting with accelerating momentum below 94.50 looking for a 100pips on the downside first, eventually looking to take out recently established lows @ .91, projecting next leg down to .89. To bring the bulls into play, daily close above .95.25 is needed to push momentum

(CEP News) - Underground natural gas storage in the United States unexpectedly increased by 16 billion cubic feet in the week ending Nov. 14, the Energy Information Administration (EIA) reported Thursday.

(CEP News) - Federal Reserve Governor Randall Kroszner said that small businesses are having a difficult time in accessing credit given the current economic environment.

(CEP News) - According to the Conference Board, the index of U.S. leading indicators declined further than expected in October, with the headline indicator contracting 0.8% month-over-month despite expectations for a 0.6% fall.